- Happiest Minds shares listed at Rs 351 with 111% premium on BSE
- IRCTC and Dmart left behind in terms of returns, 100% return on the first day
Happiest Minds IPO
Today, Thursday, Happiest Minds was listed in the stock market and it made investors happy. Along with this, companies like IRCTC and DMart also defeated in terms of returns. According to the data, the company’s stock was listed with a jump of 111 percent from the issue price. While the listing of big companies like IRCTC and DMart was done with a 100% increase from the issue price. After the listing in the market, by 1 pm, Happiest Minds has become a company of more than 5600 crore rupees.
Also read: Happiest Minds IPO: Allotment of Happiest Mind’s IPO has been finalized
The company’s shares rose more than 9 percent
Currently, the company’s stock is trading at 9 per cent. While the company’s share was listed, the price was at Rs 351, which was 111 per cent higher than Rs 166. By 1 pm, the company’s share price has reached Rs 384. Which is 218 rupees or 130 percent more than the issue price. Whereas the highest share price of the company reached Rs 395 during the trading level. At the same time, the company’s market cap has reached Rs 5616 crore.
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Better than expected
The promoter of Happiest Minds Company is IT sector veteran Ashok Suta. The company received 151 times of bids for an IPO of Rs 702 crore. In the grey market, Happiest Minds was trading at a premium of Rs 142-146. It was expected that its listing price could be 308 to 312 rupees. The company performed better than expected, giving investors a chance to be happy. Such performance of many companies is seen.
Also read: IPO: Allotment, a new entry from listing, next few days in IPO market
Performance of these companies in listings
| name of the company | Investors benefit at the time of listing (in percentage) |
| Salasar Techno Engineering | 139.95 |
| Astron Paper & Board Mill | 128 |
| Avenue Supermart | 102 |
| IRCTC | 101 |
| Religare Enterprises | 75 |
| Apollo Micro Systems | 73.81 |
| Central Depository Services | 67.78 |
| Capacit’e Infraprojects | 59.6 |
| Ujjivan Small Finance Bank | 56.7 |
| Quess Corp | 57.41 |
| Amber Enterprises India | 37.76 |
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Source: www.patrika.com
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