IPO GMP | Cheap IPO open for investment, lottery to be held on first day, gray market boom – GMP IPO
IPO GMP | There is good news for those investing in stock market IPO. From November 26, investors will be able to invest in the IPO of a new company. The IPO is of Rajputana Biodiesel Limited Company. Rajputana Biodiesel Limited Company produces biofuel and its co-products glycerine and fatty acids.
IPO share price band
Rajputana Biodiesel Ltd is planning to raise Rs 24.7 crore through IPO. Rajputana Biodiesel Limited Company has fixed the price band of Rs 123-130 for the IPO shares. Investors can invest in the IPO of Rajputana Biodiesel Limited Company till 28 November.
What is IPO GMP?
According to InvestorGain.com, shares of Rajputana Biodiesel Limited Company are available in the gray market at a premium of Rs 80. In other words, there are indications that Rajputana Biodiesel Limited will make big profits on the day of share listing. Shares of Rajputana Biodiesel Limited Company can be listed at Rs 210. This means that investors can get 62 percent profit on the first day. Shares of Rajputana Biodiesel Limited Company are likely to be listed on December 3. Rajputana Biodiesel Limited IPO consists entirely of 19 lakh equity shares. Retail investors can bid at least Rs 1.3 lakh for Rajputana Biodiesel Limited Company IPO. One lot consists of 1,000 equity shares of Rajputana Biodiesel Limited Company.
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