Happiest Minds Happy Investors As soon as they are listed in the stock market, know how much profit is made
new Delhi. Today, Thursday, Happiest Minds was listed in the stock market and it made investors happy. Along with this, companies like IRCTC and DeMart 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 DeMart was done with a 100% increase from the issue price. By the time of one o’clock in the market, Happiest Minds has become a company of more than 5600 crores.
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. While 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.
Better than expected
The promoter of Happiest Minds Company is IT sector veteran Ashok Suta. The company received 151 times bids for an IPO of Rs 702 crore. In the gray 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.
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|
|Apollo Micro Systems||73.81|
|Central Depository Services||67.78|
|Ujjivan Small Finance Bank||56.7|
|Amber Enterprises India||37.76|