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
Reliance Industries stock tumbles over 7 pc; ONGC tanks more than 13 pc
RBI ask banks to test note sorting machines on quarterly basis
India’s manufacturing sector activity eases to 9-month low in Jun amid price pressure
Bajaj Auto sales at 3,47,004 units in June
Govt hikes gold import duty to 15 pc
MUST WATCH
Latest Additions
AAP does what it says: Kejriwal after Punjab govt’s free power scheme comes into effect
‘Ashada Shukravara’: Massive footfall at Chamundi Hills
Manipur landslide: NDRF says 17 bodies recovered, rescue ops on
Karnataka govt approves setting up of 438 ‘Namma Clinics’
HC directs Maha govt to pay Rs 10 lakh insurance cover to 2 firemen who died on duty