New Delhi: RNFI Services IPO GMP today shot up ahead of day two of the Rs 70 crore public issue. The Small and Medium Enterprise Initial Public Offer (IPO) of Financial solutions provider RNFI Services Limited had opened for subscription on Monday July 22. Within three hours of the opening of the bidding windows, RNFI Services IPO Subscription Status stood double its size. Let’s check how much is latest GMP and subscription status.
RNFI Services IPO GMP today
According to Investor Gain, RNFI Services IPO GMP today has increased to Rs 65. The premium of the company’s stock has been on an upward trajectory in the grey market in last few days. Considering the latest GMP and RNFI Services IPO price band upper limit of Rs 98-105, it can be estimated that the company might may have listing gains of nearly 62 per cent on NSE SME. Albeit, GMP cannot be considered as an official figure.
RNFI Services IPO Subscription Status
RNFI Services IPO Subscription Status stood 6X ahead of day two on Tuesday. Retail portion was oversubscribed 10 times, while, Non-Institutional Investors oversubscribed their allotted issue size fout times.
RNFI Services IPO Review
Ravi Singh of Religare Retail Research said to Money9 that retail investors may avoid subscribing to the SME IPO as he didn’t think it would be fruitful. Despite of the fact that the company has received decent response from investors, according to Singh it won’t be too profitable to apply. There might be better option available elsewhere.
RNFI Services IPO Allotment Date
RNFI Services IPO allotment date is expected to be Thursday, July 25. Refund process should commence from the following day. The IPO shares of the New Delhi based RNFI Services Limited will tentatively list on Monday, July 29.
RNFI Services IPO Lot Size
The minimum lot size is 1,200 shares. Retail investors will have to invest minimum of Rs 1.17 lakh to participate in the bidding process. The issue is entirely a fresh issue of 67.44 lakh shares.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
RNFI Services IPO GMP today shot up ahead of day two of the Rs 70 crore public issue. RNFI Services IPO Subscription Status stood 6X. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
