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A small company has made investors rich on day one. This company is Rockingdeals circular. The company has made a great entry in the stock market. Shares of Rockingdeals traded at a premium of 114.29 percent at Rs. 300 are listed in the market. Shares of the company in IPO Rs. 140 were allotted. Now with the listing, investors can get Rs. 160 has made a huge profit. That is, the investors’ money has more than doubled on the first day itself.
After the listing, the company’s shares started racing
Immediately after the listing, shares of Rockingdeals rose further. Shares of the company rose 5% to Rs 315. That is, from the share issue price of the company to Rs. 175 have increased. The price band of Rockingdeals IPO is Rs. was 136-140. The company’s IPO was open for subscription on November 22 and remains open till November 24, 2023. Shares of Rocking Deals are listed on the NSE SME Exchange.
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The IPO has been subscribed more than 213 times
The IPO of Rockingdeals Circular has been subscribed a total of 213.64 times. The quota of retail investors has been subscribed 201.42 times in the company’s IPO. At the same time, the stake in the Non-Institutional Investors (NII) category is 458.60 times. While the share in the Qualified Institutional Buyers (QIB) category was 47.38 times. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO was 1000 shares. That means retail investors had to invest 140000 rupees.
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