Karamtara Engineering, Manipal Payment, Rentomojo Shares to Debut on Bourses Today: Check GMP Ahead of Listing
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6 Articles
Rentomojo, Karamtara Engineering, LCC Projects among 6 mainboard IPOs making market debut today
Six mainboard IPOs debuted on the stock exchanges today, with four stocks — Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India — listing at a premium to their IPO prices, while Manipal Payment opened at a discount and Asset Reconstruction Company (India) made a flat debut. LCC Projects posted the highest listing premium at 31.4 per cent on the BSE, followed by Karamtara Engineering at 25.9 per cent.
IPOs listing: Rentomojo, Karamtara Engineering to LCC Projects — six IPOs list today, delivers up to 30% premium
Several IPO stocks debuted on 17 September, with Rentomojo, LCC Projects, Steamhouse India, and Karamtara Engineering opening at premiums. Asset Reconstruction Co had a flat debut, while Manipal Payment & Identity Solutions opened lower than its issue price.
Karamtara Engineering, Manipal Payment, Rentomojo shares to debut on bourses today: Check GMP ahead of listing
Ahead of the listing, Karamtara Engineering's unlisted shares were trading at a grey market premium (GMP) of Rs 48. With an upper price band of Rs 254.00, the GMP suggested a listing around Rs 302, reflecting an 18.90 per cent grey market premium.
Six IPOs were listed in the stock market today. Many shares including Rentomojo, LCC Projects and Karamtara Engineering opened at a premium. Whereas some stocks were listed flat or at a discount.
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