Check GMP and subscription standing of Rockingdeals Circular IPO.
Unlisted shares of Rockingdeals Circular Economy Ltd are buying and selling Rs 39 larger within the gray market, which is 39.29 per cent itemizing achieve from the general public situation
Rockingdeals Circular IPO: The preliminary public providing of Rockingdeals Circular Economy Ltd (RDCEL), opened for public subscription between November 22 and November 24, obtained a whopping 143.99 instances subscription until 2:30 pm on the final day of bidding on Friday. The investor response is the best as in comparison with even 5 different mainboard IPOs this week. The value band of the Rs 21-crore Rockingdeals SME IPO was fastened at Rs 136-140 a share.
The class meant for non-institutional traders obtained 262.5 instances subscription, whereas the quota for retail particular person traders (RIIs) acquired subscribed 157.06 instances. The portion for certified institutional patrons (QIBs) was subscribed 29.65 instances, based on chittorgarh.com.
A complete of 15,00,000 shares had been on supply within the IPO.
Rockingdeals Circular IPO GMP Today
According to market observers, unlisted shares of Rockingdeals Circular Economy Ltd had been buying and selling Rs 39 larger within the gray market as in contrast with its situation value. The Rs 39 gray market premium or GMP means the gray market is anticipating a 39.29 per cent itemizing achieve from the general public situation. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
The Rockingdeals Circular IPO goes to be listed on NSE SME on November 30, whereas the share allotment is prone to happen on November 28.
Rockingdeals Circular IPO Details
The IPO comprised a recent situation of 15 lakh fairness shares with a face worth of Rs 10 every. The firm fastened the value band at Rs 136-140 per fairness share for the IPO.
The supply was aimed to fetch as much as Rs 21 crore on the higher finish of the value band. The proceeds from the difficulty shall be utilised in the direction of working capital necessities, model positioning, advertising and promoting, and common company functions.
Corporate Capital Ventures Pvt Ltd is the only guide-working lead supervisor to the difficulty, and the shares of the corporate shall be listed on NSE Emerge. Founded by Yuvraj Aman Singh. RDCEL is a part of the Faridabad-headquartered Rockingdeals Group.
The firm’s income stood at Rs 15.01 crore, whereas the revenue after tax was Rs 1.54 crore in FY23.
