Happiest Minds Technologies makes bumper mkt debut; shares zoom over 111 pc
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.
- Country:
- India
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 percent 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 percent from the issue price on the BSE. Later, they rose to a high of Rs 395 - a jump of 137.95 percent.
On the NSE, they opened at Rs 350 apiece, zooming 110.84 percent against the issue price. The Rs 702-crore initial public offering of Happiest Minds Technologies, promoted by Ashok Soota, garnered a massive response from investors as it was subscribed to 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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Happiest Minds Technologies Ltd
- NSE
- BSE
- ICICI
- India
- Ashok Soota
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