Bengaluru-based Rentomojo emerged as the most actively traded stock by turnover, with shares worth ₹2,349 crore changing hands on the NSE, followed by Kanohar Electricals at ₹1,916 crore and Glass Wall Systems (India) at ₹1,546 crore.
Shares of Rentomojo, an online rental and subscription platform, began trading at ₹489.90 apiece on Thursday and climbed to a high of ₹547 during the session. About 4.6 crore shares changed hands, generating a turnover of ₹2,349 crore. The traded value was equivalent to about 42% of the company’s market capitalisation of ₹5,562 crore at Thursday’s close.
Rentomojo shares ended the session at ₹534.25, up 32.2% from the IPO price of ₹404. The company raised ₹1,256 crore through its initial public offering.
Kanohar Electricals, which debuted on the NSE on Wednesday, was the second-most traded stock among the three, with shares worth ₹1,916 crore changing hands on Thursday. About 2.3 crore shares were traded on the exchange, against a market capitalisation of around ₹6,500 crore.
The stock extended its gains after a 19% surge on its debut day, rising nearly 9% on Thursday to close at ₹817 on the NSE. The closing price was about 29% above its IPO price of ₹632. The company raised ₹1,056 crore through the IPO.
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Glass Wall Systems (India) was the third-most traded among the recent listings, with a turnover of ₹1,546 crore on the NSE. About 6.4 crore shares changed hands during the session, pushing the stock to its upper circuit. The company had a market capitalisation of around ₹2,267 crore at Thursday’s close, making the day’s traded value equivalent to more than 68% of its market capitalisation.
Together, the three newly listed companies generated a turnover of ₹5,812 crore on Thursday, accounting for nearly 6% of the NSE’s total cash-market turnover of ₹98,222 crore.
The heavy trading activity comes amid strong interest in recent IPO listings, with all three stocks seeing substantial trading volumes in their early sessions on the exchange.
