India's Sandhar Technologies shares rise over 5 pct on debut

Sandhar Technologies

02/04/2018 05:38

April 2 (Reuters) - Shares of India's Sandhar Technologies
Ltd  SNTL.NS  rose over 5 percent in their market debut on
Monday following a warm response to the automotive parts maker's
5.12 billion rupees ($78.64 million) initial public offering.
    Sandhar Technologies's shares were trading at 343 rupees at
0430 GMT, compared with the IPO issue price of 332 rupees.
    The IPO was subscribed more than six times on the last day
of the sale last month.  urn:newsml:reuters.com:*:nL3N1R3312


($1 = 65.1100 Indian rupees)

 (Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu
Sahu)
 ((tanvi.mehta@thomsonreuters.com; +91 80 67494756 ; Reuters
Messaging: tanvi.mehta.thomsonreuters.com@reuters.net))