Shares of Karamtara Engineering and Rentomojo made a positive debut on the bourses, while Manipal Payment listed at a discount to the issue price. Karamtara Engineering shares listed at Rs 320 on the National Stock Exchange (NSE) and BSE, a premium of 25.98 per cent overย the issue price of Rs 254. Similarly, the stock of online furniture and appliance rental platform Rentomojo was listed at Rs 482.45, a premium of 19.42 per cent to the issue price of Rs 404. On the BSE, the stock got listed at Rs 480.ย
While Rentomojo Ltd was subscribed 72.88 times on the final day of bidding on Friday, Karamtara Engineering and Manipal Payment also received full subscription as their share sales closed. While Karamtara Engineering’s Rs 875-crore IPO got subscribed 62.63 times on the last day of share sale, Manipal Payment’s Rs 805-crore initial share sale got subscribed 1.42 times.ย
Karamtara Engineering share price
Shares of Karamtara Engineering surged after listing and touched the intraday high of Rs 351.95 and got locked in a 10 per cent upper circuit. The market cap of the company stood at Rs 11,326.55 crore.
Rentomojo share price
Rentomojo shares also saw firm buying after listing and touched an intraday high of Rs 526, a gain of 30 per cent from the issue price. Last seen, the stock traded at Rs 505.65, up Rs 25.65, or 5.34 per cent, from the opening price. The market cap of the company stood at Rs 5,290.59 crore.
Manipal Payment share priceย
The stock fell further after the muted debut and touched the low of Rs 320.80. It briefly touched the high of Rs 340.05. Last seen, the stock was trading at Rs 324.90.
Karamtara Engineering IPO GMP
Ahead of the listing, Karamtara Engineering’s unlisted shares were trading at a grey market premium (GMP) of Rs 48. With an upper price band of Rs 254.00, the GMP suggested a listing around Rs 302, reflecting an 18.90 per cent grey market premium.
Manipal Payment IPO GMP
Investorgain suggested a discounted listing. With an upper price band of Rs 339.00, the estimated listing price, based on current market trends, is Rs 333.
Rentomojo IPO GMP
Ahead of the listing, Rentomojo’s unlisted shares were trading at a grey market premium (GMP) of Rs 86. With an upper price band of Rs 404.00, the GMP suggested a listing around Rs 490, reflecting a 21.29 per cent grey market premium.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)