Story thread · 2 reports / 2 sources

Rentomojo shares jump 9% after listing at 19% premium over IPO price. Can the debut-day mojo last?

economictimes.indiatimes.com · 3hShare

Shares of Rentomojo surged 9% on Thursday, taking their debut-day gains to 30% above the IPO price. The stock had listed earlier in the day at a 19% premium to its issue price.Rentomojo shares opened at Rs 482.45 apiece on the NSE, marking a premium of more than 19% over the IPO price of Rs 404 apiece. In less than an hour of its debut, the stock rallied sharply by over 9% to trade at Rs 526.70 apiece, adding more than Rs 460 crore to the company’s market capitalisation and taking it to nearly Rs 5,484 crore.Also read | Rentomojo shares list at 19% premium over IPO priceAbout Rentomojo IPOThe strong market debut comes after Rentomojo’s Rs 1,255.57 crore IPO saw strong investor interest during its three days of public bidding, being subscribed 73 times its offer size between September 9 and September 11.Qualified institutional buyers (QIBs) led the demand, subscribing their reserved portion over 177 times. The portions kept for retail investors and non-institutional investors (NII) mean

First report: Glass Wall Systems shares list at nearly 7% premium over IPO price — businesstoday.in, 1d