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Ratnaveer Precision Engineering IPO: Next week will be an opportunity to bet on the IPO of Ratnaveer Precision Engineering Ltd. It will be open from 4 September to 6 September 2023. Retail investors can place bets during this period. The issue price of this IPO is fixed at ₹93 to ₹98 per equity share and it aims to raise ₹165.03 crore from the IPO.
Strong Response in Gray Market: Ratnaveer Precision Engineering Limited’s IPO is getting a strong response in the gray market. Its shares were available at a premium of ₹40 in the gray market on Saturday. From this point of view, the listing of IPO per share is Rs. 135 (₹40 + ₹98) may cross. Explain that the gray market premium is one way of valuing an IPO. However, many experts say that it is not advisable to completely depend on it.
What are the details of IPO?
At least one lot has to be bid under IPO. One lot will have 150 shares of the company. The share allotment date is September 11, 2023. This can change. At the same time, Link Intime India Private Limited has been appointed as the official registrar of the IPO. The IPO is proposed for listing on NSE and BSE. The shares of this engineering company are expected to be listed on September 14, 2023.