Sadbhav Infrastructure Makes Strong Debut, Shares Surge 8%

Sadbhav Infrastructure Project made a strong debut on the Dalal Street. Its shares listed at Rs 111 on NSE as compared to its issue price of Rs 103, a gain of nearly 8 per cent. The Rs 425-crore initial public offering (IPO) of Sadbhav Infrastructure Project was subscribed 2.22 times. It was open for subscription between August 31 and September 2. Vasistha Patel, MD at Sadbhav Infrastructure Project, told NDTV that the company has ...