- Six companies debuted on the stock market with gains of up to 31%
- LCC Projects led listing gains, surging 31.44% on debut.
- Manipal Payment & Identity Solutions opened at a 2.06% discount.
The shares of six companies– Karmtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, Asset Reconstruction, and Rentomojo—made their stock market debut on Thursday, September 17, registering a listing gain of up to 31 per cent. Mainboard initial public offerings (IPOs) of these companies were closed last week.
Rentomojo, LCC Projects, Steamhouse India Shares Listing
IPO Name | IPO Price (in Rs ) | Listing Price (in Rs ) | Listing Gain (in %) |
Karmtara Engineering | 254 | 320 | 25.98 |
LCC Projects | 146 | 191.90 | 31.44 |
Steamhouse India | 81 | 94.50 | 16.67 |
Manipal Payment & Identity Solutions | 339 | 332 | -2.06 |
Asset Reconstruction | 139 | 139 | 0 |
Rentomojo | 404 | 482.45 | 19.42 |
Who Wins Listing Gain Race
LCC Projects emerged as the top performer in the listing gain race with an impressive 31.44 per cent surge over its issue price of Rs 146 to list at Rs 191.90. Karmtara Engineering followed closely in second place with a 25.98 per cent gain, while Rentomojo (19.42 per cent) and Steamhouse India (16.67 per cent) also delivered strong positive returns.
On the other hand, Asset Reconstruction saw a flat debut, whereas Manipal Payment & Identity Solutions was the sole outlier, opening at a 2.06 per cent discount.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.