RR Kabel IPO: What does the latest GMP signal ahead of listing?
1 year, 6 months ago

RR Kabel IPO: What does the latest GMP signal ahead of listing?

Live Mint  

RR Kabel is set to make its debut on stock exchanges on September 20 and according to the latest trend in the grey market, the stock could be listed at a premium. In the RR Kabel IPO, the company reserved not more than 50 per cent of the shares for qualified institutional buyers and 15 per cent for non-institutional investors, while 35 per cent of the offer is reserved for retail investors. RR Kabel IPO GMP today According to market participants, the grey market premium of RR Kabel IPO today is ₹96. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of RR Kabel's IPO share price is ₹1,131, which is 9.3 per cent higher than the IPO price of ₹1,035. RR Kabel IPO details The ₹1,964.01 crore worth RR Kabel IPO opened for public subscription on September 13 and closed on September 15.

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