Route Mobile stock open at 105% premium to IPO price


Route Mobile share price double up at stock market first appearance; stock opens at 105% premium to IPO price. Route Mobile shares hit up the stock market entrance today and traded at a price of Rs 708 per share, a premium of Rs 358 on the upper level of the issue price of Rs Rs 345-350 per equity.

The stock was listed on the (Bombay stock exchange) BSE at a price of Rs 708 per share. Route Mobile scrip got listed at Rs 717, a 104.86% premium over its issue price of Rs 350 on NSE. Share was trading at Rs 312 per share in the grey market ahead of opening. The Route Mobile IPO got a good response, it subscribes over 74 times on the last day of the bidding. Non-Institutional Investors (NII) had bid the highest for the stock.
In last week Happiest Minds Technologies today made a debut in Stock Exchange. The stock surge and made high of Rs 395/- as compared to its listing price of Rs 166. IT made all investor where happy who got subscription of this IPO as they received returns about 138% on day one.

Happiest Minds and Route Mobile stock even beat the stocks like IRCTC and DMart, both of which had delivered just over 100 per cent return on their debuts.

The IPO of CAMS opened today 10AM and close by 2:45 pm, it was nearly 50% subscribed. The share price has been fixed at ₹1,229-1,230. The issue will close on September 23. The ₹2,250 crore CAMS IPO raised over ₹660. The lot size is 12 shares, it means that investors must apply for a minimum of 12 shares and in multiples.

The shares of CAMS are planned to be listed on both BSE and NSE. According to brokerages, the share allocation is likely to be confirmed on 28 September and listing will be happen on October 1.


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