Rukmani Devi Garg Agro Impex is set to list today on the BSE SME platform.
The IPO raised ~₹23.52 crore and was oversubscribed ~29.59x.
Strong retail and HNI participation driven the demand.
The company may allocate proceeds for expansion and wor
king capital.
Grey Market Premium (GMP) is positive, hinting at a strong listing.
Listing day performance will set early tone for SME IPOs.
Market watchers will test how much upside it can sustain.
Performance could influence sentiment for small / emerging
names.
Also a test of liquidity in the SME segment on a regular trading d
ay.
If it succeeds, more SME IPOs may follow suit in coming weeks.