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The wait for investors who bet on the RR Kabel IPO ended today. The company has been successfully listed in the stock market. RR Kabel IPO listing on BSE at Rs. 1179 is listed. At the same time, the company listed on the NSE at Rs. 1180 is listed. Investors have benefited handsomely due to outstanding listings. Let us tell you that the price band of RR Cable’s IPO was fixed at Rs 983 to Rs 1035 per share.
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15% profit on first day (RR Kabel IPO News)
Due to R-R Cable’s stellar start, the company’s shares have debuted on the stock market at a premium of more than 15 percent. However, some profit booking has been seen after the listing. At 10.15 am, shares of RR Cable on BSE traded at Rs. was trading at 1160.40. Which is 1.58 percent less than the listing price.
Also read: Listing Rs. Crosses 200, 10 times subscription in 2 days, last chance to bet today
How was the delivery situation? (RR Kabel Share Price)
RR Cable’s IPO received 18.69 times subscription on third day. While on the first and second day only mixed response was seen from the investors. The IPO received more than 20 percent subscription during the 3-day subscription period. At the same time, RR Cable’s issue received a Rs. 585.62 crore was received as a response. Let us tell you that this IPO was opened for anchor investors on 12 September 2023. The lock-in period of anchor investors is till 1 February 2023.
What was the size of the lot?
RR Cable’s IPO lot size was 14 shares. Due to which the investor had to invest at least Rs 14,490. Any retail investor can subscribe to a maximum of 980 lots. Let us tell you that the RR Cable IPO was opened for investors between September 13 and 15.