InvestorQ : How was the Route Mobile IPO listing on 21 September?
ishika Banerjee made post

How was the Route Mobile IPO listing on 21 September?

Answer
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1 month ago


Route Mobile also made a stellar listing, just like Happiest Minds. The stock listed at a 105% premium at Rs.717. However, after touching a high of Rs.735, the stock could not sustain higher levels due to the crash in the market and closed the day with 86% gains at Rs.650.

In a way, this is history repeating because just 4 days back, Happiest Minds had also doubled money in the IPO. The Rs.600 crore Route Mobile IPO had received a very strong response from all classes of investors. The IPO was subscribed 73.3 times.