India's Transrail Lighting gains on trading debut

Transrail Lighting

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;))