RK Swamy IPO GMP

RK Swamy IPO Craze: Should You Subscribe to the Buzz?

Discover the frenzy around the RK Swamy IPO- Should you jump on the bandwagon or stay put?

The RK Swamy IPO has taken the market by storm, with day 1 subscriptions soaring to 2.19 times, driven mainly by retail investors. The IPO consists of a fresh issue of ₹173 crore and an offer-for-sale of up to 8700000 equity shares, including notable shareholders like Srinivasan K Swamy. Analysts are bullish on the IPO, highlighting the company's strong digital content generation capabilities.

Investors are pondering whether to subscribe to the ₹423-crore RK Swamy IPO, which includes a fresh issue of 60 lakh shares valued at ₹173 crore and an offer for sale of 87 lakh shares worth ₹250.56 crore. The gray market premium (GMP) for the IPO has witnessed a significant surge, indicating high market demand for the company's shares.

With the IPO opening at a price band of Rs 270-280, retail investors are considering their options for the minimum subscription of 50 shares, amounting to Rs 14,400. The company also secured a substantial investment from anchor investors, further fueling the IPO excitement.

As the RK Swamy IPO garners heavy retail bidding and full subscription on the first day, the buzz around the company continues to grow. In the unlisted markets, the company's shares are trading with a GMP of Rs 50, reflecting investor confidence in the IPO's potential.