Mumbai: Aishwarya Telecom Ltd today listed at a premium of 43.14 per cent over its issue price of Rs 35 on the Bombay Stock Exchange.

The scrip opened at Rs 50.10 and touched an intra-day high of Rs 75.25 within minutes of opening. The company listed over 1.06 crore shares on the bourse.

The shares later parted with some gains and was trading at Rs 71.20 at 1005 hours. Over 36.42 lakh shares changed hands on the BSE.

The company, engaged in manufacturing fibre optic test equipments and cable fault locators, had raised about Rs 14 crore through its initial public offer.

Aishwarya Telecom's future plans include joint ventures with leading fibre optic and electronic test equipment manufacturers to export ATL products to other countries, as per information available on the company website.
Source : PTI