Happiest Minds Technologies makes bumper mkt debut; shares zoom over 111 pc
PTI, Sep 17, 2020, 11:35 AM IST
New Delhi: Shares of Happiest Minds Technologies Ltd were off to a flying start on domestic bourses on Thursday as they got listed with a premium of over 111 per cent against an issue price of Rs 166 per share.
The stocks of the IT services firm listed at Rs 351 apiece, reflecting a gain of 111.14 per cent from the issue price on the BSE. Later, they rose to a high of Rs 395 – a jump of 137.95 per cent.
On the NSE, they opened at Rs 350 apiece, zooming 110.84 per cent against the issue price.
The Rs 702-crore initial public offering of Happiest Minds Technologies, promoted by Ashok Soota, garnered massive response from investors as it was subscribed a whopping 151 times.
The price band for the offer, which closed for subscription on last Wednesday, was fixed at Rs 165-166 per equity share.
ICICI Securities and Nomura Financial Advisory and Securities (India) were the managers for the offer.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
IndiGo, Air India plan to purchase up to 170 wide-body planes in little over a year
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Four-day market rally makes investors richer by Rs 8.48 lakh crore
MUST WATCH
Latest Additions
IPL 2024: ‘Cricket is turning into baseball’, says Sam Curran after PBKS’ world record run chase
‘Taarak Mehta Ka Ooltah Chashmah’ actor Gurucharan Singh missing
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Congress to discuss candidates for Amethi, Raebareli seats on Saturday
BJP’s CT Ravi Booked for Promoting Hatred and Enmity Through Social Media Post