Ratnaveer Precision's Grey Market Premium of Rs 50 Hints at Strong Debut Gains for Investors on Listing Day. Read more>>
Ratnaveer Precision Engineering's stock debuts with a 25.7% premium on NSE and 30.6% on BSE, making history.
RPEL becomes the first company to debut on Indian bourses within three days of the issue closing, thanks to new SEBI rules.
A day before listing, RPEL shares commanded a Rs 50 premium in the grey market, signalling a strong debut for investors.
RPEL's IPO garners robust investor interest, with a 94 times subscription rate, particularly in the non-institutional and QIB categories.
Proceeds from the IPO to be used for working capital and general corporate purposes, while OFS money benefits selling shareholders.
RPEL's net profit grew by 164.3% in FY23, with strong EBITDA and revenue growth. The company excels in stainless steel products.