Tecpro Systems Ltd., an Indian engineering company, rushed forward as much as 28 percent on its trading debut in Mumbai subsequent to the investors demanded 24.4 times the stock on sale in its early public proposal past month.

The shares which were listed at 425 rupees, mount to 454.25 rupees in Mumbai. They altered hands at 423 rupees at 1:23 p.m. The corporation sold 6.25 million shares and an investor Metmin Investments Holdings Ltd. sold 1.3 million shares at 355 rupees per share to elevate a entirety 2.68 billion rupees.

Tecpro which is located in New Delhi is an engineering, procurement and construction corporation that put up bulk material handling systems, captive power plants and pollution control systems for customers such as Bharat Heavy Electricals Ltd., NTPC Ltd., Reliance Infrastructure Ltd. and ACC Ltd.

Tecpro is having an order backlog of 23 billion rupees, Chairman Ajay Kumar Bishnoi expressed in Mumbai today. Sales can increase as much as 40 percent in the year finishing March 31, he stated further. Tecpro’s profit and sales increase twofold past year, as per its sale document stated.