The shares of Highway Infrastructure continued to record significant gains for its IPO investors, jumping 5 percent to hit the upper circuit for the second consecutive day after strong market debut.
The shares of Anthem Biosciences and GNG Electronics, which also recently debuted on stock markets, rose 2 percent each on August 13.
Highway Infrastructure share price:
Highway Infrastructure shares made a strong market debut on August 12, listing at Rs 115 apiece on NSE. This implies a premium of more than 64 percent over the IPO price of Rs 70 per share. The stock then jumped 5 percent to close at the upper circuit at Rs 120.75 apiece on its debut day.
The newly-listed stock continued to record significant gains for its investors, jumping another 5 percent to hit the upper circuit at Rs 126.78 on August 13, its second day on the stock markets. The shares have now gained more than 10 percent from its listing price, and are currently higher over 81 percent from its IPO price.
Highway Infrastructure’s Rs 130-crore IPO had seen strong investor interest during its three days of public bidding, being subscribed a whopping 301 times between August 5 to August 7.
Anthem Biosciences share price:
Anthem Biosciences shares made a decent market debut on July 21, listing at Rs 723 apiece on NSE. This marks a premium of nearly 27 percent over the IPO price of Rs 570 apiece. The Rs 3,395 crore IPO was subscribed 64 times during its three days of public bidding.
The shares of the company jumped more than 2 percent on August 13 to hit an intraday high of Rs 761.85 apiece. The stock has now gained more than 5 percent since listing, and is up 34 percent from its IPO price.
GNG Electronics share price:
GNG Electronics shares gained more than 5 percent on August 13. The stock made a strong market debut on July 30, listing at Rs 355 apiece on NSE. This marks a premium of nearly 50 percent over the IPO price of Rs 237 per share.
The maiden public issue of GNG Electronics saw bumper investor interest during its three days of public bidding. The Rs 460-crore IPO was subscribed nearly 147 times its offer size between July 23 and July 25, with Qualified Institutional Buyers (QIBs) booking their reserved portion a whopping 266 times.
The shares of the company have dropped more than 4 percent since listing, but are up more than 43 percent from their IPO price.
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