Mumbai: Knowledge process outsourcing firm eClerx today got listed at Rs 320 with a premium of 1.59 per cent on the Bombay Stock Exchange. The scrip opened at Rs 320,touched a high of Rs 390 and over 9.89 lakh shares changed hands within minutes of listing on the bourse.

The scrip later parted with some gains and was trading at Rs 381.90 on the BSE. Similarly, on the National Stock Exchange the scrip opened at Rs 370,touched a high of Rs 390 and over 7.90 lakh shares got traded.

The company listed 1,88,68,849 equity shares at an issue price of Rs 315 per share. The IPO of eClerx received good response as it shares got subscribed over 26 times.

The issue proceeds would be utilised for augmenting working capital and expand production capacity by setting up manufacturing facilities in India, China and the Middle East.

Meanwhile, real estate firm Brigade Enterprises Ltd got listed at Rs 370,a discount of 5.13 per cent on the NSE. The scrip opened at Rs 370,touched a high of Rs 390 and over 13.61 lakh shares got traded.

Similarly on the BSE, the scrip touched an intra day high of Rs 409.40 and over 20.84 lakh shares changed hands. The Bangalore-based firm listed 11,08,31,455 shares on the bourses at an issue price of Rs 390. The company would utilise the issue proceeds to fund its future growth plans.

Source : PTI