J Kumar Infraprojects on Tuesday listed on the NSE at Rs109, which was below the issue price of Rs110. The scrips unable to hold on at that price and fell to touch a low of Rs92. However, it touched a high of Rs119. On BSE the scrip opened at Rs100 and touched a low of Rs84.20 and high of Rs116.95. J Kumar Infraprojects is a civil engineering and infrastructure development company which primary focus is on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport contracts. The company plans to deploy the issue proceeds of Rs 71.50 crore for the purchase of capital equipments and funding working capital requirements.

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