Rentomojo’s shares finished the session at ₹534.25, a 32.2% lift from the ₹404 IPO price, while touching a high of ₹547. About 4.6 crore shares changed hands, translating into ₹2,349 crore in turnover – roughly 42% of the company’s ₹5,562 crore market cap at close.
Kanohar Electricals, debuting a day earlier, closed at ₹817, 29% above its IPO price of ₹632. The stock traded 2.3 crore shares, delivering ₹1,916 crore in turnover and rallying 9% after a 19% debut surge. The firm raised ₹1,056 crore through its IPO, with a market cap hovering around ₹6,500 crore.
Glass Wall Systems followed suit, turning over ₹1,546 crore as 6.4 crore shares hit the upper circuit. Its market cap at close was about ₹2,267 crore, meaning the Thursday trading value exceeded 68% of its capitalization. The stock’s debut gains of roughly 22% set a solid precedent.
Collectively, the three new listings generated ₹5,812 crore in turnover on Thursday, representing almost 6% of the NSE’s total cash‑market turnover of ₹98,222 crore. The spike reflects a renewed appetite for early‑session liquidity among high‑profile IPOs.
Looking ahead, the sustained volume suggests that investors are willing to engage aggressively with nascent equities. Rentomojo’s ₹1,256 crore IPO proceeds and the strong post‑listing performance position the firm for potential follow‑on offerings or strategic expansions. Market watchers should monitor the NSE for further listings that may emulate this high‑activity pattern.