Shares of Travels & Rentals were trading at Rs 57.75 on the BSE, a premium of 44.38% compared with the issue price of Rs 40.
The scrip was listed at Rs 55, a premium of 37.50% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.
The counter hit a high of Rs 57.75 and a low…