BusinessAI imageRentMojo IPO Debuts 19% Above Issue Price, Shares Surge 26%
RentMojo's IPO debuted strongly, listing at a 19.42% premium over its issue price of Rs 404. The IPO saw high investor demand, with bids for approximately 158.68 crore shares against an offer of 2.18 crore shares, resulting in an overall subscription of 72.88 times. Investors earned Rs 2,902 per lot on listing day gains.
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