RateGain IPO: Subscription for public issue worth ₹1,335.74 crore is closed and bidders are anxiously waiting for announcement of share allocation, which is expected on 14th December 2021.
It has come down from ₹80 to ₹45 in last three days, indicating weak sentiment in regard to the public issue ahead of share allotment date, which is most likely on 14th December 2021.
According to market observers, GMP of a public issue means expected listing gain by grey market.