- By Vaamanaa Sethi
- Sat, 09 Sep 2023 06:06 PM (IST)
- Source:JND
The listing date of Ratnaveer Precision Engineering IPO has been fixed on September 11, 2023. The BSE notice revealed that the equity shares of Ratnaveer shall be listed and admitted to dealings on the Exchange in the list of 'T' group of securities, effective from Monday.
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As per the SEBI circular No. CIR/MRD/DP/02/2012 dated January 20, 2012; the scrip will be in the Trade-for-Trade segment for 10 trading days. Ratnaveer shares will be listed on BSE and NSE in a special pre-open session on Monday.
Some reports suggest that the grey market premium has been trading higher for Ratnaveer IPO. According to market observers, shares of Ratnaveer Precision Engineering Limited are available at a premium of ₹60 in the grey market today.
Ratnaveer Precision Engineering grey market premium (GMP) today is ₹60, which is ₹10 higher from its Friday GMP of ₹50 per equity share.
Market observers, as quoted by Livemint, mentioned that the robust reaction from investors and the optimistic atmosphere in the Indian stock market have bolstered sentiments in the grey market. Furthermore, they predicted that the market sentiment is likely to remain bullish following Nifty's closure above the 19,800 level.
They also pointed out that with the impending reshuffle in the Sensex and FTSE indices, additional inflows are anticipated in heavyweight Nifty components such as HDFC Bank, SBI, Axis Bank, and others.
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Consequently, if Indian indices continue to rise, the grey market sentiment may see further improvement, potentially causing an upward movement in the Ratnaveer IPO Grey Market Premium (GMP) leading up to its listing date.
