HG Infra makes flat debut at Rs 270, listed peers look better, say experts
"Valuation-wise, the company looks expensive. The management intends to deploy IPO proceeds to repay debt. Secondly, listed peers such as KNR Construction, PNC Infratech, NBCC, and NCC are more efficient than HG Infra," said Gaurang Shah of Geojit Financial Services.
HG Infra had raised Rs 462 crore through its initial public offer (IPO). Image source: Pixabay