The much-anticipated initial public offering (IPO) of RK Swamy Limited is scheduled for listing today, March 12, 2024. The equity shares of RK Swamy will be available on both BSE and NSE during a special pre-open session starting at 10:00 AM.
The BSE notice confirms that RK Swamy shares will be listed in the ‘B’ Group of Securities. Ahead of the IPO listing, market experts have noted that the company’s shares are trading at a premium of ₹25 in the grey market.
Despite a strong response from investors during the public issue, experts anticipate a potentially flat but positive listing for RK Swamy IPO. The expected listing price is predicted to be in the range of ₹288 to ₹296 per share. Some market analysts suggest a listing at a premium of up to ₹8 per share.
Commenting on the listing, analysts point out the seasonality and volatility in the company’s business model, cautioning that it may impact the debut. However, RK Swamy Limited, a leading integrated marketing services group in India, has received decent subscription demand.
Experts like Prashanth Tapse from Mehta Equities and Amit Goel from Pace 360 expect a positive debut, acknowledging the company’s enduring relationships and repeat business. On the other hand, analysts like Dhruv Mudaraddi from StoxBox anticipate a tepid listing, considering the relatively lower subscription rate compared to recent IPOs.
As for the grey market premium (GMP), it currently stands at zero, suggesting that the grey market expects the RK Swamy IPO listing price to be in line with the upper price band of ₹288.
Investors and lucky allottees are advised to observe the market mood post-listing before making any decisions regarding exiting or holding the RK Swamy shares.”
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