Shares of Route Mobile and Happiest Minds-whose IPOs witnessed a massive subscription—are under pressure. The Happiest Minds IPO was 150 times subscribed, and Route Mobile IPO was subscribed 74 times.
Trading in shares of Route Mobile has been frozen at the lower end of the 10 percent circuit filter for want of buyers. Happiest Minds has taken a beating along with the rest of the IT pack.
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