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RKEC Projects share get listed on NSE, stock surges 20% on debut

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Spiritual leader Sri Sri Ravi Shankar graces the momentous occasion
Bangalore/Mumbai October 9, 2017: RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, Andhra Pradesh, became 89th SME Company to get listed on NSE Emerge on 9th October 2017. Guest of Honor, Spiritual leader Sri Sri Ravi Shankar ji graced the momentous occasion along with other dignitaries at the listing ceremony held at the Art of Living Yoga Centre in Bengaluru.
RKEC Projects stock made a strong debut listing at a 20% premium. The stock opened at Rs 54 and currently trading at the upper circuit.
RKEC Projects Ltd’s Rs 28.70 cr IPO comprising 63,80,000 equity shares of face value of Rs. 10 each  for cash at a price of Rs. 45 per equity share, received overwhelming response from investors. The issue which opened for bids at NSE SME Emerge platform on September 25, 2017, subscribed 18.23 times on the final day.  The HNI and RII portion subscribed 30.37 and 7.92 times, respectively, as per d…