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News India Live, Digital Desk: Stock Market News: Today was a great day for investors waiting for the IPO of Home Service and Beauty Platform Urban Company. The company’s shares today made a bang entry in the stock market and made investors rich on listing.
The investors who were allotted shares in IP, were like a lottery! The stock listed at a tremendous premium of 57% from its issue price, making investors a big profit on the first day.
What are the listing figures?
- Listing Price: When the market opened this morning, Urban Company shares were listed at the Bombay Stock Exchange (BSE) at a price of Rs 2850.
- Profit on Listing: This means that investors directly gained Rs 1030 on each stock, which is a great return of 57%.
This bang listing is an indication that investors are very excited about the company’s business model and future growth.
Why did you get such a tremendous response?
Urban Company is the market leader of his sector. For services like plumber, electrician, beautician and cleaning, people now prefer to book directly to the app. The trend of taking service at home has increased even faster since the Korona epidemic, which has directly benefited the company. During the IPO too, it received tremendous response from investors, especially qualified Institutional Buyers (QIBS), which was already expected of a strong listing.
Now the biggest question: What to do investors?
People who have received shares in IPOs, now have the question in their mind whether to put this bumper profit in the pocket or hold the shares for a long period? At the same time, those who missed investing in IPO, are wondering if it would be right to buy shares at this level? Let’s know what is the opinion of market experts on this.
- Sell (Sell): Investors who had only invested money for the first day’s profit, can be happy with this bumper profit. Experts recommend that such short-term investors may extract their cost by selling 50% to 75% of their profits and leave the remaining shares for a longer period.
- Hold (Keep): If you rely on the company’s growth story and can take a little risk, you can hold these shares. Experts believe that this stock can give even more good returns in the coming few years.
Last decision your
It is very important to assess the ability to take your risk and financial goals before taking any decision in the stock market. The listing of Urban Company has definitely been fantastic, but now the performance of the share from here will depend on the results of the company and the market sentiments.