RateGain IPO: Subscription to the Public Issue Price 1,335.74 crores is closed and the bidders are eagerly awaiting the announcement of share allotment, which is expected to take place on 14th December 2021. In 3-day bidding from 7 to 9 December 2021, the public offer has been subscribed 17.41 times. The public issue has been subscribed 8.08 times in the retail category, 8.42 times in the QIB category and 42.04 times in the NII category. According to market observers, RateGain shares are available at a premium Today 45 in the gray market.
RateGain IPO GMP
Market Observers Said RateGain IPO GMP Is Today 45, which is 5 less than its Friday gray market premium (GMP) 50. He said that RateGain IPO GMP has been rumbling since last three days. it came down from from 80 45 in the last three days, reflecting weak sentiment with respect to the public issue ahead of the share allotment date, most likely on December 14, 2021.
What does this GMP mean?
According to market observers, the GMP of a public issue means the expected gain in listing by the gray market. As of today RateGain IPO is GMP 45, this means that the gray market is expecting the company’s shares to be listed around 470 ( 425+ 45), which is about 10 percent higher than its price band from 405 425 per equity share.
RateGain IPO Other Details
RateGain IPO allotment date is most likely on 14th December 2021. The commencement of refund will start from December 15, 2021, while the credit of shares in the demat account of the allottees is expected on December 16, 2021. Most likely the RateGain IPO listing date is 17th December 2021.
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