Shares in construction firm Roman Tarmat Ltd made their debut at Rs 295 on Monday, 69 per cent higher than their initial offer price of Rs 175 each.
The shares were trading at Rs 335.10 at 9:57 am on the BSE, after touching a high of Rs 376. The Mumbai-based road construction firm raised Rs 507.5 million through the IPO.
The proceeds would be used to buy equipment and fund working capital. The company operates a ready-mix concrete plant and crushing units near Mumbai.
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