Shares of Happiest Minds Technologies Ltd had been off to a flying begin on home bourses on Thursday as they acquired listed with a premium of over 111 per cent towards a problem price of Rs 166 per share. The shares of the IT companies agency listed at Rs 351 apiece, reflecting a acquire of 111.14 per cent from the problem price on the BSE. Later, they rose to a excessive of Rs 395 – a leap of 137.95 per cent.
On the NSE, they opened at Rs 350 apiece, zooming 110.84 per cent towards the problem price.
The Rs 702-crore preliminary public providing of Happiest Minds Technologies, promoted by Ashok Soota, garnered a large response from traders because it was subscribed a whopping 151 instances.
The price band for the supply, which closed for subscription on final Wednesday, was fastened at Rs 165-166 per fairness share.
ICICI Securities and Nomura Financial Advisory and Securities (India) had been the managers for the supply.
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