The allotment for the Noida-based technology-driven solutions provider Exato Technologies will be finalised on Wednesday,…
IPO GMP: Ravelcare Among 5 SME IPOs To Close Today; Grey Market Indicates Bumper Listing — Check Details
The latest GMP for the Ravelcare IPO was Rs 80 on December 3. With an upper price band of Rs 130, the GMP indicates an estimated listing price of Rs 210 per share. This means that investors can expect a potential gain of 61.54% at listing.
The IPO has been subscribed 135.62 times so far with investors bidding for 18,02,45,000 shares against the 13,29,000 on offer. Non-institutional and retail investors lead the demand for the public issue.
Ravelcare IPO is a book-built issue of Rs 24.1 crore. The SME issue is entirely a fresh issuance of 0.19 crore shares. The price band has been fixed at Rs 123–Rs 130 per share. The lot size comprises 1,000 shares.
Marwadi Chandarana Intermediaries Brokers Pvt.Ltd is the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the issue. SS Corporate Securities Ltd. is the company’s market maker.
The share allotment status for the Ravelcare IPO will be finalised on Thursday, December 4, and shares will debut on BSE SME on Monday, December 8.
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