MUMBAI, Nov 23 (Reuters) - Shares in steel bar maker Rathi
Bars Ltd <RATH.BO> debuted at 37.80 rupees on Friday, up 8
percent from the issue price of 35 rupees each.
The shares were trading at 36.25 rupees at 9:57 a.m. after
touching a high of 45 rupees.
The company offered 7.14 million shares or 43.74 percent of
post-issue capital to raise 250 million rupees through the
initial public offer. It plans to use the money to expand to
100,000 tonnes a year by December 2008 from 75,000 tonnes.
Rathi Bars reported a net profit of 19.2 million rupees on
sales of 557.1 million rupees in the quarter to June 2007.
(Reporting by Narayanan Somasundaram; editing by Sunil Nair )
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Keywords: RATHI LISTING/