Friday was a special day for the stock market. On this day, the Sensex opened with a gain of 200 points at 81,036.22 and closed at 80,956.33 with a gain of 0.14%. Similarly, the National Stock Exchange's Nifty-50 also closed at 24,467.45 with a gain of 10.30 points. Banking stocks performed well on Friday. But, there was one stock which wreaked havoc in the stock market on the day of listing itself. This stock gave a return of 99.45 percent to its investors in one day. That is, the investors' money almost doubled in just one day. Let us know in detail about this stormy stock.

Which share is that

The name of the stock we are talking about is Ganesh Infraworld Limited. This stock was listed on the Indian stock market on 6 December and on the day of listing, this stock doubled the money of its investors who were allotted its IPO. Let us tell you, Ganesh Infraworld Limited was open for subscription on 29 November and the last date to apply for this IPO was 3 December. Whereas, it was listed on the Indian stock market on 6 December 2024.

Got strong subscription on the very first day

Ganesh Infraworld Limited's IPO got 1.48 times subscription on the very first day. While it got 2.43 times subscription in the retail category, it was subscribed 1.24 times in the NII category. This IPO was a fresh issue of 1.18 crore shares altogether. Whose value was Rs 98.6 crore.

what the company does

Ganesh Infraworld Limited engages in construction and related works for industrial construction projects, residential and commercial buildings as well as power projects, road construction, railroad infrastructure projects and water supply projects in India.