Home / Companies / News / Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price

Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price

This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent

Ashol Soota, Mindtree, Wipro, IT industry

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The blockbuster listing was also a happy day for the 77-year-old Founder and Chief Executive Officer Ashok Soota, who started the company less than a decade ago.

Sundar Sethuraman Thiruvananthapuram

2 min read Last Updated : Sep 17 2020 | 11:45 PM IST

Happiest Minds Technologies had a stellar stock market debut on Thursday, with the IT firm’s shares closing 123 per cent above the IPO price.

Compared to the issue price of Rs 166, the stock closed at Rs 371 on the NSE, where shares worth Rs 1,945 crore changed hands.

This was the best debut for an IPO since IRCTC in October 2019, when shares of the state-owned firm gained 127 per cent on day one. Further, this was among the best day-one performances for an IT company since HCL Technologies’ listing over two decades ago.

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