Rentomojo share price rises 44% above IPO price: What should investors watch now?
New Delhi, Sept. 18 -- Rentomojo share price slipped over 1% on Friday, 18 September, in its second trading session after the online furniture and appliance rental platform made its stock market debut on Thursday. Despite the decline, the stock continued to trade around 44% above its IPO issue price of Rs.404.
Rentomojo share price today opened at Rs.566.95 apiece on the BSE, the stock touched an intraday low of Rs.524.95 per share, and an intraday high of Rs.581.45 apiece.
Rentomojo shares had delivered a strong debut, ending more than 32% above the IPO issue price of Rs.404 on the first day of trading.
On the BSE, the stock opened at Rs.480, marking an 18.81% premium over the issue price, before ending the session at Rs.532.95, up 31...
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