Excelsoft Technologies lists at premium as investors book strong per-lot gains on debut

Excelsoft Technologies debuted at a 12.5 percent premium, giving IPO allottees notable per-lot gains while the company prepares to deploy fresh funds across property expansion and infrastructure upgrades.

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Excelsoft Technologies lists at premium as investors book strong per-lot gains on debut

Excelsoft Technologies lists at premium as investors book strong per-lot gains on debut
Excelsoft Technologies delivered a firm stock market debut on November 26, listing at ₹135 per share on both the NSE and BSE. The debut price represented a 12.5 percent premium over the IPO issue price of ₹120. With each lot containing 125 shares, allottees secured gains of ₹16,875 per lot at listing. The ₹500 crore IPO included a ₹180 crore fresh issue and a ₹320 crore offer for sale by promoter Pedanta Technologies. 
Companies:
  • Excelsoft Technologies
  • Pedanta Technologies
Tags:
  • ipo
  • markets