Magnum Ventures, New Delhi-based paper maker today got listed at Rs 37 per share on the Bombay Stock Exchange (BSE), with a premium of 23.16% above its issue price of Rs 30 per share.

Within a few minutes of opening, the company’s scrip touched an intra-day high of Rs 66.70 and a low of Rs 36.95, as many as 35.11 lakh shares changed hands on the BSE.

The scrip got listed at Rs 36.60 on the National Stock Exchange (NSE), and touched a high of Rs 66.90 and more than 35.90 lakh shares were traded.

In early trading session, the scrip spared a few gains from its intra-day high and was dealing at Rs 59.35 on BSE and at Rs 58.45 on NSE.

The company got listed with more than 3.76 crore equity shares at an issue price of Rs 30 each.

Magnum Ventures is involved in trading and production of paper. Now, the company plans to enter the hospitality segment by establishing a four-star business hotel at Sahibabad near Delhi with a total investment of Rs 10.63 crore.