Take a look at the current Grey Market Premium (GMP) for the Ratnaveer Precision Engineering IPO. The Grey Market Premium for Ratnaveer Precision Engineering IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
The Ratnaveer Precision Engineering IPO is scheduled to commence on September 04, aiming to raise ₹165 crores. Ratnaveer Precision Engineering Limited specializes in manufacturing stainless steel (“SS”) products, encompassing a range of items such as finished sheets, washers, solar roofing hooks, pipes, and tubes. In 2023, the company achieved a revenue of ₹481 crores, a significant increase from the ₹428 crores recorded in 2022. The IPO price range has been set at ₹93 to ₹98 per Equity Share, and the IPO will be listed on both BSE and NSE.
Ratnaveer Precision Engineering IPO GMP
Ratnaveer GMP is Rs. 57. It has an increasing trend for last 5-6 days. The IPO will be listed on 11th September 2023. Here is the GMP trend for last few days. For the latest update you can check this IPO GMP page as well.
| Date | GMP |
| 10 September | ₹57 |
| 9th September | ₹57 |
| 8th September | ₹57 |
| 7th September | ₹57 |
| 6th September | ₹57 |
| 5th September | ₹50 |
| 4th September | ₹50 |
| 3rd September | ₹50 |
| 2nd September | ₹48 |
| 1st September | ₹45 |
| 31 August | ₹40 |
| 30 August | ₹30 |
| 29 August | ₹30 |
| 28 August | ₹20 |
| 25 August | ₹20 |
Ratnaveer Precision Engineering IPO GMP FAQs
The GMP for Ratnaveer IPO GMP is Rs. 57 as on 10th September 2023.
The expected return for Ratnaveer Precision Engineering IPO is around 55% on the listing day.
It depends on your financial goal and time horizon. Also look at your risk appetite while investing in to any IPO.
The listing date for Ratnaveer Precision Engineering IPO is 14th September 2023.
The Grey Market Premium (GMP) is the additional price or premium that a stock or IPO (Initial Public Offering) commands in the unofficial or secondary market before it officially gets listed and traded on the stock exchange. It is essentially the difference between the price at which shares are being bought and sold in the grey market and the IPO’s issue price set by the company.
The grey market operates outside of the official stock exchanges, and it provides a platform for investors to trade shares of an IPO before they are available for trading on the stock market. The GMP reflects market sentiment and demand for the IPO shares before they become publicly accessible. If the GMP is positive, it means that the IPO is in high demand, and investors are willing to pay a premium to secure shares before they officially debut on the stock exchange. Conversely, a negative GMP indicates lower demand and suggests that investors are not willing to pay a premium for those shares.
Investors and market participants closely monitor the Grey Market Premium as it can provide insights into the perceived value and potential listing performance of an IPO. However, it’s important to note that GMP is unofficial and can fluctuate rapidly, so it should be considered cautiously when making investment decisions.
Disclaimer: The mention of IPO Grey Market Premium (Ratnaveer Precision Engineering IPO GMP) is applicable only for the specified date mentioned in the header. It is advised not to subscribe to an IPO solely based on the premium price, as it may fluctuate before listing. Make your subscription decisions based on the fundamental attributes of the companies involved.