Precision Pipes Ltd shares listed with 4.95% premium

Thebullishtrends: Precision Pipes and Profiles shares listed and quoting at Rs.157.40. Share price did not get expected price due to heavy selling pressure on Mid-cap and Small-cap stocks. The share price has seen Rs.150 offer price level i.e., lower level and it has got high price Rs.175. In last month Precision Pipes issued shares at the price band of Rs.140-150 and issued shares at higher price band of Rs.150.

Precision Pipes and Profiles involves in the business of manufacturing automobile stealing systems and exterior products. It is having five manufacturing units. Precision Pipes overall IPO subscribed by 10.35 times.