Friday, March 7, 2008

REC IPO - Listing status

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Rural Electrification Corporation (REC) Ltd shares got listed on stock exchanges today. It had fixed the price at Rs 105 per equity share and the issue was oversubscribed 27 times.

REC has touched an intraday high/low of 129.90 and Rs 118.75, before closing the day at Rs 120.25, up by Rs 15.25 or 14.52% on the NSE. It traded with volumes of 11,16,71,336 shares and turnover was at Rs 1,364 crore.

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