RR Kabel IPO sees tepid demand on day 1, subscribed 12% so far
IPO Subscription Status: RR Kabel IPO was subscribed 12% on day 1 so far. RR Kabel IPO opened for subscription today (Wednesday, September 13), and will close on Friday, September 15. RR Kabel IPO received tepid response from non-institutional investors (NIIS) retail investors, and employee portion on day 1.
Qualified institutional buyers (QIBs) portion did not see any subscription so far. RR Kabel IPO retail investors portion was subscribed 19%, NII portion was subscribed 10%, and employee portion was subscribed 34%. The company has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.
In the RR Kabel IPO, the company has reserved ₹10.8 crore worth shares for its employees. It is offering shares to employees at a discount of ₹98 per share to the final offer price. Also Read: RR Kabel IPO opens today: GMP, price band, dates and other key details to know RR Kabel IPO has received bids for 16,18,148 shares against 1,33,17,737 shares on offer, at 13:15 IST, according to data from the BSE.
RR Kabel IPO retail investors' portion received bids for 12,86,922 shares against 66,01,237 shares on offer for this segment. RR Kabel IPO's non-institutional investors' portion received bids for 2,91,816 shares against 28,29,102 on offer for this segment. RR Kabel IPO's QIBs portion received bids for 980 shares against 37,72,137 on offer for this segment.
The employee portion received bids for 40,460 shares against 1,15,261 on offer. Also Read: RR Kabel IPO opens today: GMP, review, other key details. Should you subscribe? At the upper end of the price band, RR Kabel
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