look news india
New Delhi, July 12 (HS). Afva Infra and Research and Ganesh Green India made a strong debut in the stock market today. The shares of these two companies were listed on the SME platform of the National Stock Exchange today. Both the shares were listed at a premium of 90 percent. Due to strong buying after listing, both these shares jumped by 5 percent, due to which an upper circuit was imposed on them in the initial trading itself.
The Rs 51.27 crore IPO of Afva Infra and Research, a company working in the field of controlling water pollution, opened for subscription on July 5 and closed on July 9. The company had issued 53.17 lakh new shares worth Rs 43.60 crore through this IPO. Along with this, 9.36 lakh shares worth Rs 7.68 crore were also offered under offer for sale in the IPO. This IPO was subscribed 313.65 times. Today National
The company's shares were listed on the SME platform of the stock exchange at a premium of 90 percent at Rs 155.80. Immediately after listing, due to a buying spree, the stock jumped 5 percent to Rs 163.55, causing an upper circuit.
Similarly, shares of Ganesh Green India were also listed today on the SME platform of the National Stock Exchange at a premium of 90 percent at Rs 361. Due to buying starting immediately after listing, the company's shares jumped 5 percent to reach the level of Rs 379.05, due to which an upper circuit was imposed on them.
Ganesh Green India's Rs 125.23 crore IPO closed on July 9 after opening on July 5. This IPO was subscribed 229.92 times. Through this IPO, the company has issued 65.91 lakh new shares. This company supplies electric goods and services to various government bodies. Along with this, it also does work like installation, testing and commissioning of these goods.