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Stock market buzz: Fresh listings Groww, Lenskart, ICICI AMC spark massive rally on Dalal Street!
Mumbai/IBNS: New listings like Groww, Lenskart, and ICICI Prudential AMC sparked excitement on Dalal Street on Monday, with their shares surging.
Billionbrains Garage Ventures Ltd., Groww’s parent company, saw its shares jump 20% over the last three sessions. Lenskart also recorded gains for the third consecutive session.
ICICI Prudential AMC made a strong market debut, opening 20% above its issue price, with trading volumes reaching nearly ₹887.26 crore.
The stock listed at ₹2,600 per share on the NSE, marking a 20.09% premium over the issue price, and at ₹2,606.20 on the BSE, up 20.38%.
The company’s ₹10,600-crore IPO, entirely an offer-for-sale (OFS), was subscribed nearly 39 times, reflecting robust investor demand.
The issue was priced in the ₹2,061–₹2,165 range, with no fresh capital raised.
Indian equity benchmarks on Monday opened higher, with the BSE Sensex surging nearly 500 points and the NSE Nifty 50 trading above 26,100 in early deals.
Jupiter Wagons, GE Vernova T&D India, and KEC International were the top gainers, while Reliance Power and Vodafone Idea lagged.
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