Highway Infrastructure, Anthem Biosciences and GNG Electronics Shares Rise: Market Watch

Market Performance

The stock market witnessed notable gains from newly-listed companies, with Highway Infrastructure continuing its strong rally, while Anthem Biosciences and GNG Electronics also recorded healthy increases on August 13.

• Highway Infrastructure: Jumped 5%, hitting the upper circuit for the second consecutive day.
• Anthem Biosciences: Rose 2% during intraday trading.
• GNG Electronics: Gained over 5% in intraday sessions.

Investors showed keen interest in these recent IPOs, reflecting strong market confidence.

Highway Infrastructure Share Price

Highway Infrastructure shares made a remarkable market debut on August 12, listing at Rs 115 on NSE. Key highlights:

• Listing premium of 64% over IPO price of Rs 70 per share.
• Debut day close at upper circuit Rs 120.75.
• Second day (August 13) surged 5% to upper circuit Rs 126.78.
• Total gain since IPO: 81%.

IPO Details:

• Size: Rs 130 crore
• Subscribed: 301 times during August 5–7

The stock continues to attract attention for its consistent gains and strong listing performance.

Anthem Biosciences Share Price

Anthem Biosciences shares made a stable market debut on July 21, listing at Rs 723 on NSE. Key points:

• Premium of 27% over IPO price of Rs 570.
• Rs 3,395 crore IPO was subscribed 64 times.
• August 13 intraday high: Rs 761.85, up 2%.
• Total gain since listing: 5%, and 34% from IPO price.

The stock shows a steady upward trend, reflecting growing investor confidence.

GNG Electronics Share Price

GNG Electronics shares gained momentum on August 13, rising over 5% intraday. IPO highlights:

• Market debut: July 30, listed at Rs 355 per share.
• Listing premium: 50% over IPO price of Rs 237.
• IPO size: Rs 460 crore, subscribed nearly 147 times.
• Qualified Institutional Buyers (QIBs) reserved portion booked 266 times.
• Shares currently up 43% from IPO price, despite slight decline since listing.

The stock continues to attract interest from both retail and institutional investors.

Summary

• Highway Infrastructure leads with strong gains, hitting upper circuits for two days in a row.
• Anthem Biosciences and GNG Electronics continue to show positive momentum, reflecting robust investor interest.
• All three companies’ IPOs witnessed high subscription rates, highlighting strong market demand.

Investors and market watchers continue to monitor these newly-listed companies closely as they demonstrate significant post-listing performance.