Initial Public Offerings (IPO) have become quite popular among investors who indulge in the share market.The business stops taking bids from investors after an IPO closes. The shares are credited to the demat accounts of the investors, the allotment procedure starts, and any excess payments are returned. Next, the business opens up public trading for its shares. Three IPOs recently closed on December 21. All three of the IPOs had good GMPs. It is quite likely that the investor will earn on the day of listing if they are allocated any of these IPOs. The three IPOs that closed yesterday are RBZ Jewellers, Credo Brands (Mufti) and Happy Forgings. Allow us to tell you about them in detail.
Happy Forgings is expected to make an announcement on Friday, December 22, about the basis for sharing its shares. Over the weekend, or at the latest by Tuesday, bidders will receive notifications, alerts, or emails regarding the debiting of their funds or the revocation of their IPO mandate. Happy Forgings held an initial public offering (IPO) between December 19 and December 21, with a lot size of 17 shares and a price range of Rs 808-850 per share. Through its primary offering, which comprised an offer-for-sale (OFS) of up to 47,05,882 equity shares and a new share sale of Rs 400 crore, the company hoped to raise about Rs 1,008.59 crore. Its GMP was running at Rs 435 on December 21.
Credo Brands’ (MUFTI) IPO was open for subscription from December 19 to December 21.The IPO has been subscribed 13 times. The price range for the book building initial public offering (IPO) has been set between Rs 266 and 280 per share. Credo Brands Marketing Ltd (MUFTI) has shares with a face value of Rs 2 per share. Its GMP is running at Rs 145 on December 21.
RBZ Jewelers was also open between December 19 and December 21. Its price range is Rs 95-100. Retail investors have subscribed 19 times. Its GMP is running at Rs 5. If the upper end of this price range is listed with this GMP, there will be a profit of about 5 percent.
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