Indian IT firm Happiest Minds doubles in market debut

Happiest Minds Technologies

17/09/2020 05:33

BENGALURU, Sept 17 (Reuters) - Shares of India's Happiest
Minds Technologies Ltd  HAPP.NS  more than doubled in their
stock market debut on Thursday, underscoring strong investor
interest in IT services firms during the coronavirus pandemic.
    The stock opened at 350 rupees, well above its initial
public offering (IPO) price of 166 rupees, and hit a high of 388
rupees in early trading.
    Investors had bid for nearly 151 times the number of shares
offered by the Bengaluru-based company, exchange data showed.

 (Reporting by Sachin Ravikumar; Editing by Anil D'Silva)
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