Hyderabad-based construction company, Maytas Infra has got listed got listed today at a premium of 40.27% to the issue price of Rs 370 at the Bombay Stock Exchange (BSE).
It experienced overwhelming response from investors’ side.
Within minutes of listing the company’s share price reached to a high of Rs 602.55. Around 1.69 million shares were dealing on BSE.

The company’s shares were dealing in the B1 group list of BSE, under the scrip code ‘532907.’

The company brought out the shares at a price of Rs 370 as compared to the price band of Rs 320 to Rs 370 a share with the face value of Rs 10 each.

JM Financial Consultants and DSP Merrill Lynch assisted Maytas Infra to direct this issue.

Maytas Infra has decided to use up the income from the issue for setting up a 300 MW coal-based KVK Nilachal power project in Orissa, Bangalore-Hosur elevated expressway, 2.5 million MT per annum coal washery at Korba in Chhattisgarh and 56 MW coal washery reject-based SV power plants.