Mumbai: Stock Sigachi Industries, manufacturers of ingredients that enter the production of drugs, are registered on Monday more than three times an initial public offering (IPO).
This makes it one of the biggest enhancers in the list of Indian market history.
Compared to the price of his IPO RS 163 per share, the stock was registered at RS 575 and closed the first day of the exchanges with RS 604 – appreciation of 253% on the price of his offer, according to BSE data.
The IPO Frenzy, who currently gripped Dalal Street also helped PB Fintech, which operates under the Polikebazaar brand, to register with a 17% premium with the offer price and close the day with its shareholders.
Compared to the offer price of Rs 980 per share, the shares of the Bazaars were listed at Rs 1,150 and closed at Rs 1,203.
Two blockbuster lists Monday follow the other by online cosmetic retailers FSN E-commerce Ventures, which operates under the Nykaa brand, last week.
Stock, offered at Rs 1,125 per share, registered at Rs 2.001 – Get 77%, which also catapulted his main promoter Falguni Narggun to the richest Indian League.
However, on Monday, the stock lost more than 7% in intraday trading after the company announced during the 96% decline in the consolidated net income for the Quarter of July-September to Rs 1.2 Crore.
It ended more than 3% at Rs 2,281 on the close of trading Monday at BSE.
However, there are several list of disappointments also in D-Street.
On Monday, SJS Enterprises, a decorative aesthetic manufacturer for the automotive and consumer equipment industry, registered with marginal discounts with RS 542 offer prices per share.
It lost further land through a session to close at Rs 510, a discount of almost 6% with bid prices and down 6% on that day, BSE data showed.
On Friday, the list of Fino Payments Bank also with a 5% discount at Rs 544 from the price of IPO RS 577.
On Monday, Stock – one of the leading payment banks in India – Closed at RS 516, a discount of more than 10% with offers.
The market is now preparing for a list of payment solutions driven by Pioneer One97 Communications technology, which operates under the Paytm brand, on Thursday.
The company closed the IPO RS 18,300 Crore, the largest in the history of the country, last week with a subscription problem of 1.9 times.