Rashi Peripherals IPO opens on Wednesday. What GMP signals ahead of subscription

Ace investor Madhu Kela-backed Rashi Peripherals IPO will open for subscription on Wednesday. Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 70 in the unlisted market. The IPO is entirely a fresh equity issue of Rs 600 crore with no offer-for-sale component. About 50% of the issue is … Read more