New Delhi: Two companies, RNFI Services and VVIP Infratech, are offering their shares to the public via Initial Public offering (IPO). The RNFI Services IPO will close today, i.e on July 24. It has been subscribed 60.61 times as of day 3 till 12:49 PM. Meanwhile, the SME IPO of VVIP Infratech will close on July 25, and it has been subscribed 14.48 times as of July 24 by 12:55 PM.
RNFI Services IPO Details
RNFI Services IPO price is fixed in the range of Rs 98-105. The company, which provides financial technology solutions, intends to raise Rs 70.81 crore by issuing 67.44 lakh new shares. Retail investors are required to apply for a minimum lot size of 1200 shares for which ₹126,000 of investment is required. The minimum lot size investment for HNI is 2 lots which requires investment of ₹252,000. The funds raised will support RNFI Services’ needs for working capital and capital expenditures, including the purchase of micro ATMs, laptops, and servers.
VVIP Infratech IPO Details
The SME IPO of VVIP Infratech will close on July 25. The company plans to raise approximately Rs 61.21 crore by selling 65.82 lakh new shares. These shares will be listed on the NSE SME platform. Investors can buy shares at a price range of Rs 91 to Rs 93 each, with one lot consisting of 1200 shares.
RNFI Services IPO GMP
According to the website of Investor Gain, as of July 24th, 2024 at 10:29 AM, RNFI Services SME IPO’s grey market premium (GMP) is Rs 70. With a price band of Rs 105, the estimated listing price for RNFI Services SME IPO is expected to be Rs 175 (cap price + today’s GMP). This suggests an expected gain of 66.67 per cent per share.
VVIP Infratech IPO GMP
Similarly, as of July 24th, 2024 at 11:28 AM, VVIP Infratech SME IPO’s grey market premium is Rs 75. With a price band of Rs 93, the estimated listing price for VVIP Infratech SME IPO is expected to be Rs 168 (cap price + today’s GMP). This indicates an expected gain of 80.65 per cent per share.
(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.)
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Grey market premium (GMP) indicates the price at which shares are expected to be listed. The GMP for RNFI Services SME IPO is Rs 70 and VVIP Infratech SME IPO’s GMP is Rs 75, as per Investor Gain. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
