Ratnaveer Precision IPO Oversubscribed 90.58 Times in Just Two Days
The IPO of Ratnaveer Precision Company has received an overwhelming response from investors. In just two days, the IPO was oversubscribed 90.58 times. The company opened its IPO for investment from September 4 to September 6, 2023, and witnessed huge bids on the last day. Retail investors subscribed to the IPO 53.77 times, while non-institutional investors and qualified institutional buyers (QIBs) oversubscribed their quotas by 135.17 times and 133.05 times respectively. With such strong demand, experts predict that the stock may list at Rs 158, offering investors a potential profit of 61.22%.
Ratnaveer Precision IPO Performance in Gray Market
The gray market for Ratnaveer Precision Company’s IPO shares is showing a strong performance. Shares are currently trading at a premium price of Rs 60. This indicates positive market sentiment and suggests a potential listing price of Rs 158. However, it is important to note that investing in the stock market involves risks, and investors should consult with their financial advisors before making any investment decisions.
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Upcoming Date: Ratnaveer Precision IPO for Investment on September 7, 2023
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