6 mainboard IPOs make market debut: Rentomojo, Karamtara Engineering, LCC Projects list at strong premiums
Investors welcomed the new listings with enthusiasm, as LCC Projects led the pack with a notable 31.4% premium, while Rentomojo and Karamtara Engineering also showcased strong performances, signalling a robust appetite for IPOs despite mixed results from other debuts.
Six mainboard IPOs debuted on stock exchanges today, with four companies listing at a premium and two making flat or discounted debuts. Rentomojo, Karamtara Engineering, and LCC Projects led the pack with strong premiums. Rentomojo shares opened 19.4 per cent higher than their IPO price on the NSE and 18.8 per cent higher on the BSE.
Karamtara Engineering's shares debuted 25.9 per cent above their IPO price on both exchanges. LCC Projects made the strongest debut, listing 31.4 per cent higher on the BSE and 29.4 per cent higher on the NSE. Steamhouse India and Manipal Payment also made their market debuts, with the latter opening at a 2 per cent discount to its IPO price.
Asset Reconstruction Company (India) made a flat debut, with shares trading at the same price as its IPO price on both exchanges. Investors are watching these initial listings for clues about the companies' initial performance and growth potential.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
