REC lists at Rs 125 at BSE, at Rs 129.90 at NSE

Mumbai, Mar 12 (UNI) Rural Electrification Corporation (REC) today got listed at Rs 125 on the Bombay Stock Exchange (BSE) with a premium of 19 per cent, while it was listed at Rs 129.90, with a premium of 23.7 per cent over its issue price.

The scrip witnessed good trading volume in the early trade and as much as 65.54 lakh shares exchanged hands on the NSE and over 68.65 lakh shares got traded on the BSE.

REC scrips, which hit the capital market with 15.62 crore equity shares on February 19, were subscribed over 27 times on whopping response from the investors and raised Rs 1,640 crore.

The company had set the IPO price band at Rs 90-105. The issue constituted about 18.18 per cent of the fully diluted post-issue capital of REC.

UNI PP AA AG1237