GNA Axles debuts on BSE, ends 18% over issue price

NEW DELHI: Shares of auto component maker GNA Axles on Monday surged over 18% on its debut on the bourses and settled at ₹245.15, up 18.45% over the issue price

NEW DELHI: Shares of auto component maker GNA Axles on Monday surged over 18% on its debut on the bourses and settled at ₹245.15, up 18.45% over the issue price on the BSE. The stock got listed with a premium of 20% on the BSE and 22% on the NSE. During the day, the stock surged over 25.60% to touch an intra-day high of ₹260 on the BSE, and jumped over 26.45% to a high of ₹261.80 on the NSE. The auto component maker’s market capitalisation stands at over ₹526 crore. GNA Axles’ ₹130-crore initial public offering (IPO) was oversubscribed nearly 55 times during September 14-16.

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