Skip to main content

PNC Infratech shares list at over 2% premium

Shares of PNC Infratech today listed on the stock exchanges with a premium of over 2 per cent against the issue price of Rs 378 a share. The stock debuted at Rs 381, up 0.79 per cent, on BSE. On NSE, PNC Infratech listed at Rs 387, a gain of 2.38 per cent.
 
L to R: Mr. DK Maheshwari (AVP, PNC), Mr. Yogesh K Jain (MD, PNC), Mr. Pradeep Kumar Jain (CMD, PNC), Mr. Chakresh K Jain (MD, PNC), Mr. Naveen K. Jain (Director) and Mr. Anil K. Rao (Director, PNC) at the listing ceremony of PNC Infratech Ltd. at NSE
Currently, the company commands a market valuation of Rs 1,911.22 crore.

In terms of volume, 6.66 lakh shares of the company changed hands at BSE while over 24 lakh shares were traded at NSE in the morning trade.

The initial public offer (IPO) of the Agra-based company was subscribed 1.54 times earlier this month.

The company runs projects in Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.
 
- L to R: Mr. Mohanjit Singh (ICICI Securities), Mr. DK Agarwal (CFO, PNC), Mr. Anil K. Rao (Director, PNC), Mr. Chakresh K. Jain (MD, PNC), Mr. Pradeep Kumar Jain (CMD, PNC), Mr. Naveen K. Jain (Director), Mr. Yogesh K Jain (MD, PNC), Mr. Sunil Chawla (Non-Executive Director), Mr. DK Maheshwari (AVP, PNC) and Mr. Venkatraghavan S (IDFC Securities) at the listing ceremony of PNC Infratech Ltd. at NSE   
PNC Infratech Ltd. is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item rate basis for various infrastructure projects. They also execute projects on a BOT (including on a DBFOT basis), operate them during the concession period on toll or annuity basis and subsequently transfer the projects. The company has executed or is executing projects across various states in India covering Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. The Company has executed 42 major infrastructure projects on an EPC basis, acquiring experience particularly in the timely execution of EPC contracts since its incorporation. They have an established track record in executing large construction projects particularly in the roads and highways and airport runways sectors. The Company’s order book in terms of total value of contracts including escalation was Rs. 78,497.00 million as on March 31, 2015 and Rs. 60,857.80 million as on March 31, 2014
Labels:

Comments

Post a Comment

Popular posts from this blog

CARE Ratings shares list at 25% premium on NSE

Credit Analysis and Research Limited (  CARE ) has listed at Rs 940, a 25% premium against its issue price of Rs 750 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 955 and low of Rs 930 so far. A combined 1.41 million shares have changed hands on the counter in opening deals on the NSE and BSE. CARE, the second-largest credit rating agency in India, has raised Rs 540 crore by issuing 7.2 million shares through initial public offer (IPO). The company has fixed the issue price at higher price band at Rs 700-750 per share. The IPO attracted bids for 245.56 million shares against 7.2 million shares on offer, translating to 34.11 times subscription, according to information available in basis of allotment.   The category reserved for qualified institutional buyers (QIBs) was subscribed 43 times, while non-institutional investor’s portion received 110 times subscription. Shares reserved for retail investors got subscribed 6.11 tim...
Post a Comment
Read more

Tree House features as India’s Most Trusted Pre-School Brand

: Tree House Education & Accessories Limited (Tree House) , a leading educational service provider operating the largest number of branded self-operated pre-schools in India, today announced that it has been listed among the country’s most trusted educational institutes. In the first ever study conducted by TRA (formerly Trust Research Advisory), Tree House received the highest rank for any pre-school in India. Commenting on this, Mr. Rajesh Bhatia, Managing Director of Tree House, said “Over the last ten years, the Tree House team has focused on creating a high quality knowledge platform for Indian children, with the belief that education is one of life’s most important investments. It is our sincere endeavour to inspire and nurture young talent to grow and accomplish great things. This accolade of being India’s most trusted pre-school brand recognizes our commitment and accomplishments in the field of education.”  The report was based on findings from 7 million data...
Post a Comment
Read more

GJF launches monthly B2B magazine – ‘G&J Times’

Empowering members with latest Information on Gold & Jewellery trade The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery (G&J) Industry across India, hosted an exciting 6 th edition of its signature GJF NITE 2014 amid gusto and glitter at Renaissance Hotel, Powai, Mumbai. The fun filled, entertaining and musical fashion extravaganza event, presented by R. M. Jewellery and powered by CVM, was attended by over 1500 members, industry dignitaries and foreign delegates, who used the platform to engage and network with the fellow industry people. Amid the applauding celebration, GJF announced the  launch of its monthly B2B magazine – ‘G&J Times’ on the domestic gems & jewellery business covering the latest trend, development and challenges in the industry.  The magazine was unveiled by Ms Rupa Dutta, Economic Advisor, Ministry Of Commerce, Government of Indi...
Post a Comment
Read more