India's Transrail Lighting gains on trading debut
27/12/2024 09:38
** Shares of engineering and construction firm Transrail
Lighting TRNR.NS up 30% at 563 rupees vs IPO price of 432
rupees
** Stock listed around 37% higher at 590 rupees before
trimming some gains
** Company valued at $882 million at current price vs
targeted valuation of $677 million
** TRNR's 8.39-billion-rupees IPO subscribed nearly 81 times
(Reporting by Nishit Navin in Bengaluru)
((nishit.navin@thomsonreuters.com;))
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