RR Kabel IPO listing date today. GMP, experts predict listing price at 'moderate' premium

livemint.com:

IPO listing date has been fixed on 20th September 2023. As per the BSE notice, "effective from Wednesday, September 20, 2023, the equity shares of R R KABEL LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." RR Kabel IPO listing price would become available at 10:00 AM during Wednesday deals in special pre-open session. According to stock market experts, RR Kabel IPO received moderate response from investors in categories other than QIB.

However, the public issue is expected to benefit from the bull trend continuing on Dalal Street. They said that in case the Indian stock market extends its rally for yet another session today, we may see RR Kabel share price listing at around ₹1320 whereas in case of profit-booking trigger, the listing may took place around ₹1200 apiece levels. But, experts maintained that RR Kabel listing price would be higher than RR Kabel IPO price of ₹983 to ₹1035 apiece.

They said that the book build issue was priced at higher valuations and hence listing of RR Kabel shares may take place at 'moderate' premium. Meanwhile, grey market is also expecting moderate listing of RR Kabel IPO. According to market observers, shares of RR Kabel are available at a premium of ₹103 in grey market today.

This means RR Kabel IPO GMP (grey market premium) today is ₹103. Expecting 'moderate' listing of RR Kabel shares, Ravi Singhal, CEO at GCL Broking said, "RR Kabel IPO is going to create history by listing on Indian bourses on a T+2 trading day. However, the public issue was priced at higher valuations due to which the stock received moderate demand in all categories except QIB segment.