RK Swamy Closes at ₹262.6 on NSE

12 Mar 2024 , 08:23 PM

Today’s launch of the RK Swamy share price on the bourses was lacklustre. The closeing share price of RK Swamy on the NSE was ₹262.6, which was 8.8% less than the ₹288 issue price. RK Swamy’s share price started on the BSE today at ₹252 per share, which is 12.50% less than the issue price.

According to BSE data, the RK Swamy IPO subscription status was 25.94 times on the final day. Retail and non-institutional investors showed strong interest in the issue. The retail component was subscribed 34.03 times on the third day, while the portion for qualified institutional buyers (QIBs) was booked 20.58 times and the amount for non-institutional investors (NII) 34.36 times. There were 2.52 subscriptions made to the employee section.

In the public offering, it set aside a minimum of 75% of the shares for QIB, a maximum of 15% for NII, and a maximum of 10% for retail investors. A total of ₹7.50 crores in reserved equity shares have been allocated to the employee component. At ₹27 per share, the employee discount is calculated.

Monday, March 4 was the start of the RK Swamy IPO subscription period, which ended on Wednesday, March 6. The price band for each equity share with a face value of ₹5 was set at ₹270 to ₹288. 50 equity shares made up each RK Swamy IPO lot, and afterward, 50 equity shares were issued in multiples of 50.

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