Read on the application
IPO News Updates: The initial public offering (IPO) of Rishabh Instruments, a global provider of solutions for energy efficiency, received 73 per cent subscription on the first day of bidding on Wednesday.
According to data available on the National Stock Exchange, bids were received for 56,75,008 shares under the IPO while the offer is for 77,90,202 shares. The non-institutional investors segment received 1.24 times the subscription while the retail individual investors segment received 92 per cent subscription. Only one per cent subscription was received in the category of Qualified Institutional Buyers (QIBs).
DRDO gave the company work, looted stocks, imposed an upper circuit of 20 percent
Under IPO Rs. 75 crores of new equity shares have also been issued. In addition, up to 94.3 lakh equity shares from promoter group shareholders and existing investors have been brought under offer for sale. 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.
What is GMP? (Rishabh Instruments GMP Today)
Top stockbroker report company gray market Rs. It was trading at a premium of 83. If this trend continues, the company may list around Rs 524. That means investors can get more than 18 percent profit on the day of listing.