Ratnaveer IPO listing date fixed on 11th September. GMP signals strong listing gain for allottees
Ratnaveer IPO: After announcement of Ratnaveer IPO allotment status, listing date for the initial public offering (IPO) of Ratnaveer Precision Engineering Ltd has been fixed on 11th September 2023. As per the BSE notice, effective from Monday, September 11, 2023, the equity shares of Ratnaveer Precision Engineering Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' group of securities. Further in terms of SEBI circular No.
CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in Trade-for-Trade segment for 10 trading days. Ratnaveer shares will be listed on BSE and NSE in a special pre-open session on Monday. Meanwhile, after trend reversal on Dalal Street, grey market has gone highly bullish on Ratnaveer IPO.
According to market observers, shares of Ratnaveer Precision Engineering Limited are available at a premium of ₹60 in grey market today. As per the market observers, Ratnaveer Precision Engineering grey market premium (GMP) today is ₹60, which is ₹10 higher from its Friday GMP of ₹50 per equity share. They said that strong response by investors and positive sentiments at Indian stock market have improved grey market sentiments.
They went on to add that market mood is expected to remain bullish after Nifty's closure above 19,800 levels. They said that ahead of rejig in Sensex and FTSE index, some more inflows are expected in Nifty heavy weights like HDFC Bank, SBI, Axis Bank, etc. So, in case of further upside in Indian indices, grey market mood may further improve and in that case one may expected Ratnaveer IPO GMP to move further upside ahead of listing date.
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