R K Swamy IPO booked 6 times on Day 2 of bidding: Reports
R K Swamy Limited's IPO was booked six times on the second day of the bidding, as per media reports. The issue closes on March 6 and has been subscribed 18 times in the retail section and 9.7 times in NII, the reports said. The Chennai-based company had proposed to open an Initial Public Offering (IPO) of up to Equity Shares of Face Value of ?5 each for cash at a Price Band from Rs 270 to Rs 288 per Equity Share. As per reports, in the unlisted market RK Swamy's shares are trading at Rs 50 GMP. Analysts have been quoted as saying that investors can subscribe to the issue as the company has shown capability to generate digital content at scale and are established players in the market research sector.
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