Pennar Engineered Building Systems made a weak debut on stock market with its shares getting listed at Rs 177.95 on the NSE, against issue price of Rs 178.
Pennar Engineered Building Systems shares ended at Rs 169.50, slipping 4.75 per cent on Thursday.
Pennar Engineered Building Systems raised Rs 156 crore through its IPO which was over-subscribed 1.15 times. A subsidiary of Pennar Industries, it deals with designing, manufacturing, supply and assembly of customs-designed building systems.
Its products and services include pre-engineered buildings and design and engineering services for various manufacturing, warehousing, industrial and custom-designed commercial buildings.
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