IPO GMP | New IPO will open for investment, will make money on the first day, boom in gray market – GMP IPO
IPO GMP | Stock market investors have another opportunity to invest in IPO. Soon the IPO of another company will open for investment. Ahmedabad-based Rajesh Power Services Limited is set to launch its IPO. The IPO of Rajesh Power Services Limited Company will open for investment on November 25. Investments in IPO can be made till November 27, 2020. The price band for the IPO of Rajesh Power Services Limited Company has been fixed at Rs 335. Shares of Rajesh Power Services Limited are trading at a premium of Rs 50 in the gray market. This means that the share of Rajesh Power Services can give at least 15 percent return on the day of listing in the stock market.
IPO details
IPO of Rajesh Power Services Limited Company at Rs. There is a book-built issue of Rs 160.47 crore. Rajesh Power Services Limited Company The face value of the offer is Rs 10 per share. The price band for Rajesh Power Services Limited Company IPO has been fixed at Rs 320-335. The lot size of the IPO is 400 shares. Rajesh Power Services Limited Company IPO expected date of allotment is Thursday 28th November. The refund process will also start from Friday 29th November. The IPO shares of Rajesh Power Services Limited Company will be credited to the demat accounts of investors on Friday, November 29. This share is also likely to be listed on the stock exchange on December 2.
About the company
Rajesh Power Services Limited provides consultancy services to state transmission and distribution companies and private utilities, industries, underground power transmission and infrastructure EPC sector. Rajesh Power Services Ltd has also invested in HKRP Innovations Ltd, an IoT and cloud-based solutions company.
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