Rulka Electricals IPO: Rulka Electricals IPO was opened on Thursday 16 May. Investors can place bets in this issue till Tuesday 21st May. This issue has been subscribed more than 13.76 times in two days. The price band of the IPO is between Rs 223 to Rs 235 per equity share. Its face value is Rs 10.
What’s going on GMP?
The current GMP of Rulka Electricals SME IPO on May 17, 2024 is Rs 240. The estimated listing price of Rulka Electricals SME IPO is Rs 475. It is expected to have a listing gain of 102.13% per share. Let us inform you that Rulka Electricals IPO will be listed on NSE SME, the probable listing date of which has been fixed as Friday, May 24, 2024.
Rs 7.5 crore from anchor investors
Anchor investors have already contributed Rs 7.5 crore through the sale of 3.19 lakh equity shares at Rs 235 per share, attracting marquee investors such as BofA Securities Europe SA – ODI, Negen Undiscovered Value Fund and Galaxy Noble Global Opportunities Is. Investors are required to apply for a minimum of 600 shares. The IPO comprises a fresh issue of 8.42 lakh equity shares and an offer for sale of 2.8 lakh equity shares through a book-building process.
Good news: Will the installment of PM-Kisan scheme increase? The government gave these indications
These 2 shares of Tata will grow like rocket! Expert said- buy for profit
what are the details
The IPO has allotted shares to different categories, including 56,400 shares for market makers, 1.6 lakh for HNIs, 2.13 lakh for QIBs and 3.73 lakh for retail investors. Beeline Capital Advisors Pvt Ltd acts as the sole book running lead manager, while BigShare Services Pvt Ltd acts as the registrar to the offering.
