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Resurgere Mines and Minerals India got on the BSE and NSE with a marginal premium over its issue price of Rs 270


Resurgere Mines Lists With Small Premium
Last Updated: 2008-09-01T15:01:13+05:30
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Resurgere Mines and Minerals India got listed at Rs 272.05 on the Bombay Stock Exchange on Septemner 1, 2008 with a marginal premium over its issue price of Rs 270.

Within minutes of listing, stock of the Resurgere Mines touched an intra-day high of Rs 299 and over 15 lakh shares traded on the benchmark bourse.On the National Stock Exchange the share opened at Rs 285, with a premium of 5.55 per cent from its issue price.

Resurgere Mines was listed with 2.85 crore shares. The company plans to utilise the issue proceeds for purchasing plant, machinery and railway rakes to set up its own logistics infrastructure facilities and for funding working capital requirements.

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