Solid debut for ARSS Infrastructure

ARSS Infrastructure that listed today, opens with a premium at Rs640.00, up 42% over its issue price of Rs450. The stock hits a high of Rs711 on BSE.

The issue was subscribed 47.62 times. Non-institutional investors were the leading subscribers in this issue. Their reserved portion got subscribed 124.5 times. Qualified institutional and retail investors’ reserved portion subscribed 49.3 times and 18.55 times, respectively.

The stock is currently trading at Rs673.15 up by 49.79% with a volume of over 19.54 lakh shares on the BSE.