Introduction:
Invest in RR Cable IPO and earn huge profits
RR Cable IPO | Now open for investment
From today, the IPO of RR Cable, a consumer electrical products company, is open for investment. The IPO will remain open for investment till September 15, 2023. Anchor investors have already started investing in the company’s IPO.
RR Cable GMP: Trading at a premium price
The IPO shares of RR Cable Company are currently trading at a premium price of Rs 128 in the gray market. This indicates a premium of Rs 218 over their IPO issue price. The gray market, which operates outside the stock market, has no control from SEBI.
IPO Details: Share price band and capital raised
RR Cable has announced a share price band of Rs 983-1,035 per share in its IPO. If allotted at the upper band, the company can raise capital of Rs 1,964 crore. The IPO includes fresh equity shares worth Rs 180 crore and 1.72 crore equity shares worth Rs 1,784 crore under the Offer for Sale.
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