Salasar Techno Engineering Limited Zoomed On Listing
Salasar Techno Engineering Limited zoomed on listing.
The share closed higher by 151.95% at Rs 272.1 per share in Tuesday’s trading session on BSE. The stock was offered at Rs 108 per share.
It touched an intraday high of Rs 272.10 and closed at the same level when the market ends.
This IPO consisted of issuing equity shares of face value of Rs 10 each for cash, comprising of a fresh issue of equity shares aggregating up to Rs 35.87 Cr and an offer for sale of up to 3,321,000 equity shares by selling shareholders.
Salasar Techno Engineering Limited is a leading provider of Steel Solutions in India. Incorporated in the year 2001, the company offers customized steel fabrication and infrastructure solutions for Telecommunication Towers, Transmission Towers & Substation Structures, and Solar Module Mounting Structures. Its services include
providing complete Engineering, Procurement, and Control for projects such as rural electrification, power transmission lines, and solar power plant projects.
The initial public offer (IPO) of the optical and data networking products company was opened for subscription during June 14-16.
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