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.
Rentomojo
Rentomojo shares debuted at a 19.4 per cent premium on the NSE at ₹482.45, compared with the IPO price of ₹404. On the BSE, the stock listed at a 18.8 per cent premium at ₹480. At 10.18 am, it traded at around ₹505.
The listing ceremony of Rentomojo Limited will be starting soon at our exchange . Watch the ceremony live!
— NSE India (@NSEIndia)
Accel Partner Prashanth Prakash said Rentomojo has evolved from an early-stage bet into a category-defining business, with scale and profitability going hand in hand. He highlighted the company’s asset utilisation, technology and operational capabilities, and said the listing marks the beginning of its next phase of expansion and profitable growth.
Karamtara Engineering
Karamtara Engineering shares listed at a 25.9 per cent premium at ₹320, compared with the offer price of ₹254.
The listing ceremony of Karamtara Engineering Limited will be starting soon in Mumbai. Watch the ceremony live!
— NSE India (@NSEIndia)
LCC Projects
LCC Projects made the strongest debut among the six IPOs, listing at a 31.4 per cent premium at ₹191.90 on the BSE. On the NSE, it began trading at ₹189, marking a 29.4 per cent premium to its IPO price.
Steamhouse India
Steamhouse India debuted at a 16.6 per cent premium on the NSE at ₹94.50, compared with its IPO price of ₹81. On the BSE, it debuted at a 15 per cent premium at ₹93.
Manipal Payment
Manipal Payment made a 2 per cent discount debut on the NSE at ₹330, compared with its IPO price of ₹339. On the BSE, the stock began trading at ₹332.
Congratulations to Manipal Payment and Identity Solutions Limited on getting listed on NSE today.
Manipal Payment & Identity Solutions Limited is part of The Manipal Group. The Company provides payment solutions, identification solutions, secure solutions, and smart tagging and…— NSE India (@NSEIndia)
Asset Reconstruction Company (India)
Asset Reconstruction Company (India) made a flat and muted debut, listing at ₹139 on both the NSE and BSE, the same as its IPO price.
(This is a developing story. Stay tuned for more updates)