Read on the application
Small company Rockingdeals circular’s IPO has been subscribed more than 213 times. Rockingdeals shares are also performing well in the gray market. Rockingdeals IPO shares are trading at a premium of 40 percent in the gray market. The gray market premium (GMP) of the company’s shares suggests that Rockingdeals could make a great entry into the market. The company’s IPO was open for subscription on November 22 and remained open till November 24.
Shares may list around Rs 195
The price band of Rockingdeals circular IPO is Rs. 136-140 are. At the same time, the company’s shares are at a premium of Rs 95 in the gray market. Rs. At the upper price band of 140, shares of Rockingdeals traded at Rs. 195 may be listed around. That is, investors can get a profit of around 40% on the day of listing. The allotment of the company’s shares in the IPO will be finalized on November 28. At the same time, the company’s shares will be listed on the NSE SME Exchange on November 30.
Also Read- Over 150000 Crore Stakes on Tata IPO, GMP Also Rises
Bets have been placed on the IPO more than 213 times
Total bets on Rockingdeals circular IPO is 213.64 times. The quota of retail investors has been subscribed 201.42 times in the company’s IPO. At the same time, non-institutional investors have subscribed 458.60 times the quota. While the quota of qualified institutional buyers (QIB) has been subscribed 47.38 times. The total public issue size of the company is Rs. 21 crores. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO has 1000 shares. That means retail investors had to invest 140000 rupees.
Also Read- 15% increase in DA once again, Govt gives good news to these employees