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The initial public offer (IPO) of Rishabh Instruments IPO was subscribed 2.46 times on the second day of issue on Thursday. As per data available on the National Stock Exchange (NSE), bids were received for 1,91,33,738 shares. IPO. While the offer is for 77,90,202 shares.
Ghadar is discounting this cheap stock, since 3 days on upper circuit, price below Rs 10
How much allowance was received in which department?
The non-institutional investors segment subscribed 4.65 times while the retail individual investors segment subscribed 2.79 times. The Qualified Institutional Buyers (QIB) category garnered 22 percent subscription. Under IPO Rs. 75 crores of new equity shares have been issued. In addition, up to 94.3 lakh equity shares have been put up for Offer for Sale (OFS) by promoter group shareholders and existing investors. For the IPO, the company has raised Rs. A price band of 418-441 has been fixed. Rishabh Instruments on Tuesday raised Rs. 147.23 crore was collected.
Money doubled in 6 months, shares are running at the speed of a bullet train
What is GMP today? (Rishabh Instruments IPO GMP Today)
According to a report of a top stock broker, the shares of the company are trading at a premium of Rs 48 in the gray market today. If the situation remains unchanged till the listing, the company will trade in the stock market at Rs. Around 500 can be listed. Tomorrow, stock market investors will also get an opportunity to subscribe to this IPO.