Stock Market: Friday marked a significant day for the stock market. On this day, the Sensex began with a rise of 200 points at 81,036.22 and ended at 80,956.33 with an increase of 0.14%. Likewise, the Nifty-50 of the National Stock Exchange finished at 24,467.45, reflecting an increase of 10.30 points. Banking shares had a strong performance on Friday. However, there was one stock that caused chaos in the stock market right on its listing day. This stock provided a return of 99.45 percent to its investors in a single day. In other words, the investors’ funds nearly increased twofold in just a single day. Please provide detailed information about this volatile stock.
Which stock we’re talking about?
The stock we are discussing is called Ganesh Infraworld Limited. This stock debuted on the Indian stock market on 6 December, and on its listing day, it doubled the investment of its investors who received its IPO. We’d like to inform you that Ganesh Infraworld Limited opened for subscription on 29 November, with the final date to apply for this IPO being 3 December. However, it was registered on the Indian stock market on 6 December 2024.
Ganesh Infraworld Limited’s IPO received 1.48 times subscription on its opening day. It received 2.43 times subscription in the retail category, while it was subscribed 1.24 times in the NII category. This IPO involved a new issuance of 1.18 crore shares in total. Whose worth was Rs 98.6 crore.
Ganesh Infraworld Limited is involved in construction and associated activities for industrial building projects, residential and commercial structures, as well as energy projects, road construction, railway infrastructure initiatives, and water supply ventures in India.
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