<p>The scrip opened at Rs 400 and rallied Rs 138 a share, or 44.52 per cent, to a high of Rs 448 in the morning trade on the BSE.<br /><br />On the National Stock Exchange the scrip listed 16.65 per cent higher at Rs 361.60. It touched a high of Rs 447.30, up 44.29 per cent over the issue price.<br /><br />The company today listed four crore shares at an issue price of Rs 310 on the two bourses.<br />On the volume front, over one crore shares changed hands on the two bourses within the first hour of trade.<br /><br />The Pune-based company, which is engaged in niche offshore software product development services, had raised about Rs 168 crore from the capital markets last month through an initial public offer (IPO).<br /><br />The issue was priced in a band of Rs 290-310 and was oversubscribed 93.6 times at the end of final day.<br /><br />The company would utilise the IPO proceeds for expanding it's development facilities, procuring hardware and to capitalise its subsidiaries. <br /></p>
<p>The scrip opened at Rs 400 and rallied Rs 138 a share, or 44.52 per cent, to a high of Rs 448 in the morning trade on the BSE.<br /><br />On the National Stock Exchange the scrip listed 16.65 per cent higher at Rs 361.60. It touched a high of Rs 447.30, up 44.29 per cent over the issue price.<br /><br />The company today listed four crore shares at an issue price of Rs 310 on the two bourses.<br />On the volume front, over one crore shares changed hands on the two bourses within the first hour of trade.<br /><br />The Pune-based company, which is engaged in niche offshore software product development services, had raised about Rs 168 crore from the capital markets last month through an initial public offer (IPO).<br /><br />The issue was priced in a band of Rs 290-310 and was oversubscribed 93.6 times at the end of final day.<br /><br />The company would utilise the IPO proceeds for expanding it's development facilities, procuring hardware and to capitalise its subsidiaries. <br /></p>