Page 2 - Deem Roll Tech News Today

Unlisted shares of Deem Roll Tech Ltd are trading Rs 45 higher in the grey market, which is a 34.88 per cent listing gain from the public issue, Deem Roll Tech IPO Day 2: Check Subscription Status, GMP Today

Deem Roll-Tech IPO GMP: The initial public offering (IPO) of Deem Roll-Tech Limited opened for subscription for retail investors on Tuesday. According to various observers that track unlisted market activities​​​​​​​​​, the Deem Roll-Tech IPO was commanding a GMP in the range of Rs 35-46 on the fixed price band of Rs 129 apiece. , Markets News, Times Now

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Deem Roll Tech IPO: The price band has been set at ₹129 per share with a face value of ₹10 per share. Check other details here

Experts say the positive momentum is expected to continue in the coming week, too, along with intermittent consolidation and correction.

"The market closed near its peak, with the Bank Nifty index emerging as a standout performer. Despite a rocky start, the PSU index demonstrated resilience, bouncing back from early declines. With few definitive signals this week, the market focus remains on the trajectory of the dollar index and US bond yields," said Santosh Meena, Head of Research, Swastika Investmart.

Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. - A Leading Mid-Market Investment Bank, said that the Indian IPO market will remain robust in CY2024.

Overall, analysts maintain a positive yet cautious stance as Nifty 50 is set to retest its record high level, but there could be bouts of intra-day volatility. A possible breakout attempt for Nifty 50 above 22,150 could lead to an uptrend to inch towards 22,500+.

The price band of the Deem Roll Tech IPO has been set at ₹129 per share, with a face value of ₹10 per share.

In the upcoming week, mainboard IPOs of Juniper Hotels and GPT Healthcare will hit the street to raise over Rs 2,000 crore. Meanwhile, SME companies Zenith Drugs and Dream Roll Tech are also scheduled to launch their issues.