Shares of Udaipur based Mewar Hi-Tech Engineering, were listed today on the Small and Medium Enterprise (SME) platform of BSE. The shares closed at a 20% premium to their issue price.

Director, Mewar Hi-Tech Engineering, C.A. Rathore informed that the 10Rs face value shares were issued at a 12 Rs premium (amounting to issue price of Rs 22). This share closed on the stock exchange at Rs 26.4 indicating a gain of 20% for the investors.

Reena Rathore, Director, informed that the company had issued 10.62 Lakh shares via IPO and garnered Rs 2.34 Cr through the same. Pantomath Advisory Service Group were advisors to Mewar Hi-Tech on this IPO