Today, there’s exciting news for people interested in investing in RK Swamy IPO. The IPO, which opens today, presents a great opportunity for investors.
The company aims to raise Rs 423.56 crore through this IPO, and there’s positive feedback even from the gray market.
For those wondering about the price range, the RK Swamy IPO offers shares between Rs 270 to Rs 288 each.
A single lot consists of 50 shares, meaning retail investors need to invest at least Rs 14,400. Also, the company is giving its employees a discount of Rs 27 per share.
Anchor investors had the chance to invest starting March 1, raising Rs 187.23 crore for the company.
These investors have a lock-in period of 30 days for 50 percent of their shares, set to end on April 6, 2024.
In the gray market, RK Swamy IPO is trading at a premium of Rs 90. This indicates a potential listing price around Rs 378.
If this holds true, investors could see a profit of 31 percent on the first day itself.
The company’s promoters currently hold 83.03 percent of the shares. Through this IPO, RK Swamy plans to issue 60 lakh new shares and offer for sale 97 lakh shares.
