Indo-MIM debuts with 53% premium

New Delhi: Shares of precision engineering components maker Indo-MIM Ltd on Thursday made a remarkable stock market debut and ended with a premium of nearly 53 per cent against the issue price of Rs 485.

The stock started trading at Rs 703, up 44.94 per cent from the issue price on the BSE. During the day, it jumped 56.18 per cent to Rs 757.50. Shares of the firm ended at Rs 741.80, rallying 52.94 per cent.

At the NSE, the stock listed at Rs 700, registering a jump of 44.32 per cent. It ended at Rs 741.75, up 52.93 per cent. The company’s market valua-tion stood at Rs 36,680.59 crore. In traded volume terms, 97.38 lakh shares of the firm were traded at the BSE and 727.03 lakh shares at the NSE during the day.