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The IPO of Rockingdeals, a small company, has been well received. People invested heavily in Rockingdeals IPO on day one. The Rockingdeals Circular IPO has been subscribed more than 16 times on the first day itself. The company’s IPO opened for subscription on November 22 and will remain open till November 24. The gray market is also bullish on shares of Rockingdeals. The company’s shares are trading at a premium of 40 percent in the gray market.
Shares of the company may be listed around Rs 195
The price band of Rockingdeals circular IPO is Rs. 136-140 are. At the same time, the company’s shares are trading at a premium of Rs 55 in the gray market. If shares of Rockingdeals in the IPO are priced at Rs. 140 if the shares of the company are allotted Rs. 195 may be listed around. That is, investors who will be allotted company shares in the IPO can expect a 40% profit on the day of listing. Total Size of Rockingdeals IPO Rs. 21 crores.
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The IPO was subscribed more than 16 times on the first day
The Rockingdeals Circular IPO has been subscribed a total of 16.32 times on the first day. The retail quota of the company’s IPO was subscribed a total of 26.36 times on the first day. At the same time, non-institutional investors (NII) have subscribed 14.19 times the quota in the IPO. While the quota of Qualified Institutional Buyers (QIB) has been subscribed 0.02 times on the first day. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO has 1000 shares. Circular Shares of Rockingdeals may be listed on NSE SME Exchange on November 30, 2023.
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