Crizac Shares Surge 8% on Second Trading Day, Abakkus Asset Manager Acquires Stake
Crizac Limited's shares rose 8% to Rs 330.65 on its second day of trading. Abakkus Asset Manager acquired 36,72,914 shares at Rs 298.33 per share in a bulk deal. The company's IPO was oversubscribed 63 times and listed at a 14.70% premium on the NSE. The continued price appreciation suggests ongoing investor optimism.

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CRIZAC LIMITED shares surged 8% to Rs 330.65 on its second day of trading, continuing to make waves in the stock market. The impressive performance follows a strong debut, highlighting investor enthusiasm for the newly public entity.
Bulk Deal: Abakkus Asset Manager's Strategic Move
In a significant development, Abakkus Asset Manager has made a substantial investment in Crizac. The asset management firm acquired 36,72,914 shares at Rs 298.33 per share through a bulk deal. This move by Abakkus Asset Manager, known for its strategic investments, could be seen as a vote of confidence in Crizac's potential.
IPO Success and Strong Market Debut
The surge in Crizac's share price comes on the heels of a highly successful Initial Public Offering (IPO). The company's public issue was met with overwhelming investor interest, being oversubscribed 63 times. This robust demand was reflected in Crizac's market debut, where it listed at a premium of 14.70% on the National Stock Exchange (NSE).
Market Performance
Crizac's strong performance in the secondary market, with an 8% rise on the second trading day, suggests continued investor optimism. The stock's movement from its listing price to the current level of Rs 330.65 represents a significant gain for early investors.
The combination of a heavily oversubscribed IPO, a strong listing, and continued price appreciation indicates positive market sentiment towards Crizac. As the company settles into its life as a public entity, investors and market analysts will be keenly watching its performance and future prospects.
Historical Stock Returns for Crizac
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.42% | +9.02% | +9.02% | +9.02% | +9.02% | +9.02% |