RK Swamy share price makes a weak debut, stock opens with 13.2% discount at ₹250 apiece on NSE
₹250 per share, 13.19% lower than the issue price of ₹288. On BSE, RK Swamy share price today opened at ₹252 apiece, down 12.50% than the issue price. Experts anticipated RK Swamy share price to list in the range of ₹288 to ₹296 per share range.
Also Read: RK Swamy IPO listing date today. What GMP, experts say on share debut? RK Swamy IPO subscription status was 25.94 times on the last day, as per BSE data. The issue received heavy interest from retail investors and non institutional investors.
On the third day, the retail portion was subscribed to 34.03 times, non institutional investors (NII) were booked 34.36 times, Qualified Institutional Buyers (QIB) portion was booked 20.58 times. The employee portion was subscribed to 2.52 times. Also Read: RK Swamy IPO listing tomorrow: Here's what latest GMP, subscription status indicate ahead of listing It reserved not less than 75% of the shares in the public issue for QIB, not more than 15% for NII, and not more than 10% of the offer is reserved for retail investors.
The employee portion has been reserved equity shares aggregating up to ₹7.50 crores. The employee discount comes in at ₹27 per share. "Exciting news! Mint is now on WhatsApp Channels
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