IPO Subscription Status on day 2 was 1.40 times, and day 1 was 25%. RR Kabel IPO aims to raise ₹1,964.01 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.
The company plans to utilise the fresh issue proceeds mainly for repaying debt amounting to ₹136 crore, and for general corporate purposes. RR Kabel IPO GMP today or grey market premium is +118 similar to the previous trading session. This indicates RR Kabel IPO share price were trading at a premium of ₹118 in the grey market on Friday, according to topsharebrokers.com Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of RR Kabel share price is ₹1,153 apiece, which is 11.4% higher than the IPO price of ₹1,035.
Also Read: RR Kabel IPO: Issue subscribed 1.40 times on day 2; check GMP, subscription status, other key details Zaggle Prepaid IPO has opened for subscription on Thursday, September 14, and will close on Monday, September 18. Zaggle Prepaid Ocean Services IPO subscription status on day 1 was 19%. Zaggle IPO is made up of fresh issue comprises of shares worth ₹392 crore and offer for sale (OFS) portion consists of 10,449,816 shares of ₹1, which aggregates to ₹171.38 crore sold by promoter selling shareholder Raj P Narayanam, Avinash Ramesh Godkhindi, and other selling shareholders .
Zaggle IPO total issue size is ₹563.38 crores. Zaggle IPO GMP today or grey market premium is +33, similar to previous trading session. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Zaggle share price
. Read more on livemint.com