Rentomojo IPO Day 1 LIVE: Issue subscribed 15% so far. GMP hints 33% listing pop. Should you apply?
New Delhi, Sept. 9 -- The Rentomojo IPO will open for subscription on Wednesday, 9 September, and will close today, Friday, 11 September. The Rentomojo IPO price band has been set at Rs.384- Rs.404 per equity share, with a face value of Re 1 per share. The Rentomojo IPO lot size is 37 equity shares, and bids can be placed in multiples of 37 shares thereafter. Rentomojo's IPO subscription for the public issue will open at 10:00 IST on Wednesday during the deals.
Rentomojo IPO GMP today, or grey market premium, is +134. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rentomojo share price was indicated at Rs.538 apiece, which is 33.17% higher than the IPO price of R...
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