Resurgere lists slighty above issue price
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Last Updated: Mon, Sep 01, 2008 12:49 hrs
Mumbai: Shares of Resurgere Mines and Minerals Ltd listed at Rs 272.05 on the BSE on Monday, marginally higher from its issue price of Rs 270 a share.
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The shares were trading at Rs 281.70 on the BSE at 9.56 a.m., after touching a high of Rs 296.
The company raised Rs 120 crore through its 4.45-million-share initial public offer. The funds are to be deployed for setting up extracting and crushing facilities and to purchase six railway wagons.
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