Rajesh Power Services IPO allotment: Check status, GMP, likely listing gain

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Rajesh Power Services IPO allotment: Check status, GMP, likely listing gain - Business Standard

Quick Summary:

By the close, the Rajesh Power Services IPO was oversubscribed by 59 times.

The unlisted shares were trading at a premium of approximately Rs 81 over the upper end of the IPO price band of Rs 335, reflecting a GMP of 24.11 percent, according to sources tracking grey market activities.

HKRP's services include IoT and cloud-based solutions for power grids and renewable energy.