Nashik-based Rishabh Instruments IPO to open from today, know all details including latest GMP before investing
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What is price band
The company has fixed a price band of Rs 418-441 per share under this IPO. Along with this, the lot size of 34 shares has been fixed under this issue. In this way, at least Rs 14,994 will be needed to bet on Rishabh Instruments IPO. Retail investors will be able to bid for a maximum of 13 lots.
4000 crore company made by selling pencil-rubber to children, now preparing to bring IPO
What is GMP
According to market analysts, the Rishabh Instruments IPO is available at a premium of Rs 75 in the gray market. In such a situation, if this trend continues, then the listing of the company’s shares can be done at Rs 520 per share. With this, investors can benefit about 18 per cent on the day of listing. Please tell that the listing of shares of Rishabh Instruments in the stock market will be on 11 September 2023.
The company will allot 33,38,656 shares to anchor investors. Anchor investors who placed bets on the IPO of Rishabh Instruments have to shell out Rs 441 per share.
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