Happiest Minds Technologies: Third best performer in last 4 years with listing gains of 111 per cent

The share of Happiest Minds Technologies opened at Rs 351, delivering investors a return of Rs 185 or 111 per cent compared to the IPO price band of Rs 165-Rs 166 per equity share.

The technology firm stock further rose 12.53 per cent to reach the intraday high of Rs 395 on BSE.

The stock beat the earlier performers namely, Avenue Supermarts Limited and Indian Railway Catering & Tourism Corporation that delivered over 100 per cent returns on their listing day. 

However, the listing lagged behind the listing gains achieved by the other two IPOs.

Salasar Techno Engineering had delivered a 139.95 per cent premium to its issue price of Rs 108 per share. The stock was listed at Rs 259.15 on BSE. While Astron Paper & Board Mill had delivered a 128 per cent premium to its issue price of Rs 50 per share. The stock had listed at Rs 114 on BSE.