Friday was a special day for the stock market. On this day, Sensex opened with a gain of 200 points at 81,036.22 and closed at 80,956.33 with a gain of 0.14%. Similarly, Nifty-50 of National Stock Exchange also closed at the level of 24,467.45 with a gain of 10.30 points. Banking stocks performed well on Friday. But, there was one share which created havoc in the stock market on the very day of its listing. This stock gave a return of 99.45 percent to its investors in one day. That means investors’ money almost doubled in just one day. Let us know in detail about this stormy stock.
which share is that
The name of the share we are talking about is Ganesh Infraworld Limited. This stock was listed in the Indian stock market on 6 December and on the very day of listing this stock doubled the money of its investors who were allotted its IPO. Let us tell you, Ganesh Infraworld Limited was open for subscription on 29th November and the last date to apply for this IPO was 3rd December. Whereas, it got listed in the Indian stock market on 6 December 2024.
Strong subscription was received on the very first day
The IPO of Ganesh Infraworld Limited received 1.48 times subscription on the very first day. In the retail category where it got 2.43 times subscription. Whereas, in NII category it was subscribed 1.24 times. This IPO was entirely a fresh issue of 1.18 crore shares. Whose value was Rs 98.6 crore.
what does the company do
Ganesh Infraworld Limited deals in construction and related works for industrial construction projects, residential and commercial buildings as well as power projects, road construction, railroad infrastructure projects and water supply projects in India.
Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)
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