BS TransComm soars on debut

Settles at Rs 378.50 on BSE

BS TransComm settled at Rs 378.50 on BSE, a 52.6% premium over the initial public offer price of Rs 248. The stock debuted at Rs 251, a 1.2% premium over the initial public offer (IPO) price. The stock hit a high of Rs 399 and a low of Rs 247.80. A total of 2.29 crore shares were traded on the counter on BSE

BS Transcomm IPO Analysis

BS Transcomm, promoted by Sunil Agarwal, Mukesh Agarwal and Rakesh Agarwal, is enaged in the business of manufacturing towers and turnkey services for telecom and power transmission sector.