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IPO GMP is trending for Trust Fintech, Vishwas Agri Seeds, Naman In-Store (India), SRM Contractors, Blue Pebble, Radiowalla, TAC Infosec, GConnect Logitech, Yash Optics &, Jay Kailash Namkeen, K2 Infragen, Creative Graphics Solutions, Bharti Hexacom IPOs.
Grey Market is an unregulated market to trade IPO applications and IPO shares before listing of the stock. An investor may not want to trade in the grey market, but getting an idea of the GMP can be used to estimate the listing gain on the IPO share. GMP or Grey Market Premium adding to issue price gives the estimated listing price of the IPO share.
Here we are reporting the GMP of all upcoming and current SME and Mainboard IPOs along with Subject 2 Sauda price. Estimated Listing Price is also calculated by adding up GMP and IPO cap price.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
IPO | Price | GMP(₹) | Est Listing | Fire Rating | IPO Size | Lot | Open | BoA Dt | Listing | GMP Updated |
---|---|---|---|---|---|---|---|---|---|---|
Route Mobile IPO[email protected] (104.86%) | 350 | 310 | 660 (88.57%) | ₹600 Cr | 40 | 9-Sep to 11-Sep | 16-Sep | 21-Sep | 20-Sep 9:39 | |
Chemcon IPO[email protected] (115.00%) | 340 | 310 | 650 (91.18%) | ₹284 Cr | 44 | 21-Sep to 23-Sep | 28-Sep | 1-Oct | 30-Sep 22:57 | |
CAMS IPO[email protected] (23.41%) | 1230 | 328 | 1558 (26.67%) | ₹2242 Cr | 12 | 21-Sep to 23-Sep | 28-Sep | 1-Oct | 30-Sep 22:57 | |
Angel Broking IPO[email protected] (-10.13%) | 306 | -5 | 301 (-1.63%) | ₹600 Cr | 49 | 22-Sep to 24-Sep | 29-Sep | 5-Oct | 30-Sep 22:56 | |
UTI AMC IPO[email protected] (-9.75%) | 554 | -14 | 540 (-2.53%) | ₹8420.74 Cr | 27 | 29-Sep to 1-Oct | 7-Oct | 12-Oct | 12-Oct 9:06 | |
Mazagon Dock IPO[email protected] (48.21%) | 145 | 105 | 250 (72.41%) | ₹443.69 Cr | 103 | 29-Sep to 1-Oct | 7-Oct | 12-Oct | 12-Oct 9:07 | |
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Likhitha Infrastructure IPO[email protected] (8.33%) | 120 | 6 | 126 (5.00%) | ₹61.20 Cr | 125 | 29-Sep to 7-Oct | 12-Oct | 15-Oct | 13-Oct 12:40 | |
Equitas SFB IPO[email protected] (-6.06%) | 33 | 1 | 34 (3.03%) | ~₹ Cr | 450 | 20-Oct to 22-Oct | 27-Oct | 2-Nov | 22-Oct 9:39 | |
Gland Pharma IPO[email protected] (14.00%) | 1500 | 118 | 1618 (7.87%) | Aggregating up to ₹6,479.55 Cr | 10 | 9-Nov to 11-Nov | 17-Nov | 20-Nov | 18-Nov 13:54 | |
Burger King IPO[email protected] (92.25%) | 60 | 43 | 103 (71.67%) | ₹810 Crore | 250 | 2-Dec to 4-Dec | 9-Dec | 14-Dec | 9-Dec 8:25 | |
Mrs. Bectors Food IPO[email protected] (75.35%) | 288 | 215 | 503 (74.65%) | ₹ 540.54 Cr | 50 | 15-Dec to 17-Dec | 22-Dec | 28-Dec | 23-Dec 18:38 | |
Antony Waste Ltd IPO[email protected] (36.51%) | 315 | 175 | 490 (55.56%) | ₹299.99 Cr | 47 | 21-Dec to 23-Dec | 29-Dec | 1-Jan | 26-Dec 9:29 | |
IRFC IPO[email protected] (-3.85%) | 26 | -- | 26 (0.00%) | ₹4,633.38 Cr | 575 | 18-Jan to 20-Jan | 25-Jan | 29-Jan | 29-Jan 8:29 | |
Indigo Paints IPO[email protected] (74.97%) | 1490 | 750 | 2240 (50.34%) | ₹ 1176 Crore | 10 | 20-Jan to 22-Jan | 28-Jan | 2-Feb | 30-Jan 9:13 | |
HFFC Limited IPO[email protected] (18.18%) | 518 | 120 | 638 (23.17%) | ₹1153.72 Crore | 28 | 21-Jan to 25-Jan | 29-Jan | 3-Feb | 2-Feb 8:23 | |
Stove Kraft IPO[email protected] (21.30%) | 385 | 35 | 420 (9.09%) | ₹ 412.63 Cr | 38 | 25-Jan to 28-Jan | 2-Jan | 5-Feb | 4-Feb 13:26 | |
Nureca Limited IPO[email protected] (53.75%) | 400 | 70 | 470 (17.50%) | 100 Cr | 35 | 15-Feb to 17-Feb | 23-Feb | 25-Feb | 25-Feb 8:29 | |
RailTel IPO[email protected] (15.96%) | 94 | 10 | 104 (10.64%) | ₹ 819.24 Crore | 155 | 16-Feb to 18-Feb | 23-Feb | 26-Feb | 24-Feb 20:29 | |
Heranba Industries Limited IPO[email protected] (43.54%) | 627 | 270 | 897 (43.06%) | ₹700 Cr | 23 | 23-Feb to 25-Feb | 2-Mar | 5-Mar | 4-Mar 8:23 | |
MTAR Technologies IPO[email protected] (82.61%) | 575 | 580 | 1155 (100.87%) | ₹596.41 Cr | 26 | 3-Mar to 5-Mar | 10-Mar | 15-Mar | 13-Mar 10:55 | |
EaseMyTrip IPO[email protected] (13.50%) | 187 | 130 | 317 (69.52%) | ₹510 Cr | 80 | 8-Mar to 10-Mar | 16-Mar | 19-Mar | 21-Mar 10:32 | |
Anupam Rasayan IPO[email protected] (-6.31%) | 555 | 60 | 615 (10.81%) | ₹760 Cr. | 27 | 12-Mar to 16-Mar | 19-Mar | 24-Mar | 24-Mar 9:14 | |
Craftsman Automation IPO[email protected] (-8.79%) | 1490 | 30 | 1520 (2.01%) | ₹823.70 Cr | 10 | 15-Mar to 17-Mar | 22-Mar | 25-Mar | 25-Mar 9:47 | |
Laxmi Organic IPO[email protected] (19.62%) | 130 | 40 | 170 (30.77%) | ₹600 Cr. | 115 | 15-Mar to 17-Mar | 22-Mar | 25-Mar | 25-Mar 9:47 | |
Kalyan Jewellers IPO[email protected] (-15.00%) | 87 | -5 | 82 (-5.75%) | ₹1175 Cr | 172 | 16-Mar to 18-Mar | 23-Mar | 26-Mar | 25-Mar 9:51 | |
Nazara Technologies IPO[email protected] (80.74%) | 1101 | 740 | 1841 (67.21%) | ₹582.91 Cr | 13 | 17-Mar to 19-Mar | 24-Mar | 30-Mar | 25-Mar 9:49 | |
Suryoday Small Finance IPO[email protected] (-4.26%) | 305 | -10 | 295 (-3.28%) | ₹582.34 Cr | 49 | 17-Mar to 19-Mar | 24-Mar | 26-Mar | 25-Mar 9:49 | |
Shyam Metalics and IPO[email protected] (24.18%) | 306 | 130 | 436 (42.48%) | ₹909 cr | 45 | 14-Jun to 16-Jun | 21-Jun | 24-Jun | 24-Jun 9:13 | |
Sona Comstar IPO[email protected] (3.44%) | 291 | 3 | 294 (1.03%) | ₹5,550 Cr. | 51 | 14-Jun to 16-Jun | 21-Jun | 24-Jun | 23-Jun 9:26 | |
Navoday Enterprises BSE SME[email protected] (-7.25%) | 20 | 14 | 34 (70.00%) | ₹4.61 Cr | 6000 | 14-Jun to 17-Jun | 21-Jun | 24-Jun | 10-Aug 9:22 | |
Dodla Dairy IPO[email protected] (28.50%) | 428 | 80 | 508 (18.69%) | ₹520.18 Cr. | 35 | 16-Jun to 18-Jun | 23-Jun | 28-Jun | 26-Jun 11:54 | |
KIMS IPO[email protected] (22.30%) | 825 | 75 | 900 (9.09%) | ₹2,143.74 Cr. | 18 | 16-Jun to 18-Jun | 23-Jun | 28-Jun | 26-Jun 11:54 | |
India Pesticides IPO[email protected] (18.24%) | 296 | 35 | 331 (11.82%) | ₹800 Cr. | 50 | 23-Jun to 25-Jun | 30-Jun | 5-Jul | 4-Jul 12:00 | |
Clean Science and IPO[email protected] (95.00%) | 900 | 615 | 1515 (68.33%) | ₹1,546.622 Cr. | 16 | 7-Jul to 9-Jul | 14-Jul | 19-Jul | 19-Jul 9:06 | |
G R Infraprojects IPO[email protected] (105.00%) | 837 | 575 | 1412 (68.70%) | ₹962 Cr | 17 | 7-Jul to 9-Jul | 14-Jul | 19-Jul | 19-Jul 9:06 | |
Zomato IPO[email protected] (52.63%) | 76 | 22 | 98 (28.95%) | ₹9,375 Cr | 195 | 14-Jul to 16-Jul | 21-Jul | 23-Jul | 23-Jul 9:07 | |
Tatva Chintan Pharma IPO[email protected] (95.00%) | 1083 | 1110 | 2193 (102.49%) | ₹500 Cr | 13 | 16-Jul to 20-Jul | 26-Jul | 29-Jul | 29-Jul 9:33 | |
Glenmark Life Sciences IPO[email protected] (4.17%) | 720 | 82 | 802 (11.39%) | ₹1513.60 Cr | 20 | 27-Jul to 29-Jul | 3-Aug | 6-Aug | 6-Aug 9:35 | |
Rolex Rings IPO[email protected] (38.89%) | 900 | 455 | 1355 (50.56%) | ₹731 Cr. | 16 | 28-Jul to 30-Jul | 4-Aug | 9-Aug | 8-Aug 9:57 | |
Krsnaa Diagnostics IPO[email protected] (5.40%) | 954 | 222 | 1176 (23.27%) | ₹1,213.33 Cr. | 15 | 4-Aug to 6-Aug | 11-Aug | 16-Aug | 16-Aug 7:49 |
Explanation of Grey Market and GMP in simple terms:
This is the growing concern of many SME IPO investors that even though applied in many SME IPOs but have not got a single allotment. Are we doing something wrong? Do we need to use any other process to apply in SME IPO? To understand it, let's discuss this with a simple example.
Assume ABC Company SME IPO figures
With the above example for Rs 20 Cr IPO
It means, only 833 retail investor applications and 416 HNI applications are to be selected. With this one can understand why the probability of getting SME IPO is low. In conclusion, the size of SME IPO is very small and lot size is very big (1200 shares) so the numbers of allottees will be very less.
Whereas in Mainboard IPO, it is the complete opposite of SME IPO. Size of IPO is big and Lot Size is small (1000), So the numbers of allottees are much higher.
Second point to consider, is the number of times the IPO oversubscribe which contributes to the probability of getting an IPO allotment.
GMP is traded over the counter through GMP dealers. The GMP seller only means that there is no buyer in the GMP market. This is similar to the lower circuit where there are sellers but no buyers. This situation can be caused by low IPO subscription, overselling, or negative market sentiment. This means that the listing can be at par or below the GMP price. One should consider this as a negative point.
This scenario may be temporary and may change before the day of listing. Therefore, one should always check the fundamentals and business model of the company before applying.
For every seller, there must be a buyer in the market. The same is true in the GMP market. But at some point, there are only buyers and no sellers. In the stock market, we call this the upper circuit. The same thing can happen in the GMP market if no investor is willing to sell their application. They expect a better return on the day of listing or want to hold it for a long time. One should consider this as a positive point.