Rajesh Power Services Limited: IPO Allotment Is LIVE NOW Here’s How To Check The IPO Allotment: BSE Guideline

November 30, 2024

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Rajesh Power Services: Rajesh Power Services IPO allocation has been finalized. Investors can visit the BSE website, Bigshare Services, or the registrar website to verify their allotment status. The initial public offering (IPO), which was oversubscribed by 59 times, had a strong reaction from investors during its November 25–27 subscription period.

notably, the QIB portion was oversubscribed 46.39 times, and the NII segment was oversubscribed 138.46 times. According to the exchange data, the retail portion has also been booked 31.96 times. Between ₹319 to ₹335 per share was the IPO price.

Shares will be distributed proportionately to retail individual investors (RIIs) due to the significant amount of retail oversubscription. The refund procedure is expected to begin on November 29, 2024, for those who fail to get an allocation.

On the same day as the reimbursements, the allocated shares will be credited to the investors’ demat accounts. With a tentative date of December 02, 2024, the SME IPO is expected to be listed on the BSE SME platform. The corporation plans to use the net proceeds for a number of important things, such as capital expenditures for the acquisition of equipment for fault location, testing, and cable identification.

Rajesh Power Services IPO Status – On BSE:

Step 1: On the official BSE website, go to the allotment page: https://www.bseindia.com/appli_check.aspx
Step 2: Choose “Equity” under “Issue Type.”
Step 3: From the “Issue Name” drop-down menu, select the IPO.
Step 4: Type the application number – PAN.
Step 5: Verify your identity by clicking “I am not a robot,” then click “Submit.”

GMP For The Rajesh Power Services:

According to share market experts, the Rajesh Power Services IPO’s grey market premium (GMP) is ₹70 per share today, indicating that the shares are probably going to list ₹70 over their issue price. The expected listing price is approximately ₹405, which represents a 21% premium above the issue price, given this GMP and an issue price of ₹335 per share.

The difference between an IPO’s issue price and its expected listing price in the unofficial market is known as the “grey market premium.” Before the stock formally starts trading, it represents the demand and emotion of investors. It’s important to remember that GMP is just an early predictor of the listing price and shouldn’t be the only factor considered when making investing selections.

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(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)

Authored by – Deepa Trivedi