S&P BSE IPO Surges 2%, D-Mart Up 8.9%

S&P BSE IPO index is zooming 2% at 4155.58 levels with gradual upbeat at 13.10 hours, where D-Mart and Shankara Building Products remained the top gainers. Other supporters were RBL Bank, PNB Housing and CL Educate that gained 3% and more. 

Radhakishan Damani promoted D-Mart surged as much as 8.9% with 59 points or 8.9% gains. Yesterday CRISIL upgraded company’s long term bank facilities and NCDs to AA/stable from AA-/positive. D-Mart was listed at 100% premium. Shankara Building Products surged 4.3% just two days after listing at 32% premium.

CL Educate surged 3.5% at 381 after listing at 20% discount on listing day i.e. March 31. Otherwise, PNB Housing Finance and RBL Bank are among other IPOs gaining more than 3% each at 1215 and 564 respectively.

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About Suhani Varma

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