NMDC Steel Limited shares debut on stock exchanges at Rs 30.25 apiece

The stock got listed at Rs 30.25 apiece on the BSE. It settled 4.96 per cent higher at Rs 31.75 per share

steel company, steel firms, ArcelorMittal, JSW Steel
Representative Image
Press Trust of India New Delhi
1 min read Last Updated : Feb 20 2023 | 7:51 PM IST

Shares of NMDC Steel Limited on Monday got listed on the stock exchanges -- BSE and NSE.

The equity shares of the company was also listed on the Calcutta Stock Exchange, NMDC Steel said in a regulatory filing.

"The equity shares of NMDC Steel commenced listing and trading today at BSE and NSE," it said.

The stock got listed at Rs 30.25 apiece on the BSE. It settled 4.96 per cent higher at Rs 31.75 per share.

On the NSE, the company shares debut at Rs 30.25 and closed 4.95 per cent higher.

The company's market valuation stood at Rs 9,304.67 crore on the BSE.

NMDC Steel is a newly formed entity post its demerger from mining giant NMDC Limited.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :NMDC shareBSENSE listing

First Published: Feb 20 2023 | 7:51 PM IST

Next Story