Shiprocket IPO: GMP signals over 25% listing gains; 5 key things to know from RHP
New Delhi, Aug. 10 -- Shiprocket IPO is set to open for public subscription on Wednesday, 12 August, and will remain so until Friday, 14 August. The IPO is a book-build issue of Rs.1,617 crore, with a price band fixed at Rs.92 to Rs.97 per share.
Meanwhile, the grey market premium (GMP) of Shiprocket shares on Monday afternoon was Rs.26, suggesting the stock could list at a 27% premium to the issue price.
As the issue is scheduled to conclude on Friday, share allotment is expected to be finalised on the next business day on Monday, 17 August. Shiprocket shares will list on the NSE and the BSE on Wednesday, 19 August.
Here are the 10 key things that investors should know about Shiprocket IPO from the Red Herring Prospectus (RHP):
Shipr...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.