The IPO Grey Market Date Will Be Updated Soon
The IPO grey market premium, also known as the IPO GMP, is information computed based on the demand for an IPO by a firm.
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GMP
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IPO Grey Market GMP
The IPO Grey Market IPO GMP is ₹[0].
IPO Overview
Grey Market Premium, commonly known as GMP, is the difference between the price at which IPO shares are traded in the grey market and the IPO issue price. For example, if the IPO issue price is Rs 850 and an investor is willing to pay an additional Rs 300 to get the IPO share. This means that the GMP of the IPO is Rs 300 per share.
IPO GMP helps predict listing prices. In the example above, investors anticipate a listing price of Rs 1,150 (IPO issue price plus GMP, i.e. 850 + 300). Although there is no guarantee that the IPO listing price will match the GMP, the GMP is one of the most critical indicators that generally help investors predict the IPO price and make an investment decision accordingly.
IPO Kostak & Subject to Sauda Rates
| IPO Name | Type | Kostak Rates | Subject to Sauda |
| DOMS IPO | Mainline | ₹- | ₹7,000 |
| India Shelter Finance | Mainline | ₹400 | ₹3,500 |
| Inox India | Mainline | ₹500 | ₹9,000 |
| Motisons Jewellers | Mainline | ₹- | ₹22,000 |
| Suraj Estate Developers | Mainline | ₹- | ₹2,000 |
| Muthoot Microfin | Mainline | ₹- | ₹2,000 |
| Happy Forgings | Mainline | ₹- | ₹5,500 |
| Credo Brands | Mainline | ₹- | ₹5,000 |
| RBZ Jewellers | Mainline | ₹- | ₹- |
| Azad Engineering | Mainline | ₹400 | ₹9,000 |
| Innova Captab | Mainline | ₹- | ₹5,000 |
| Presstonic Engineering | NSE SME | ₹- | ₹65,000 |
| S J Logistics | NSE SME | ₹- | ₹95,000 |
| Siyaram Recycling | BSE SME | ₹- | ₹80,000 |
| Shree OSFM E-Mobility | NSE SME | ₹- | ₹- |
| Benchmark Computer Solutions | BSE SME | ₹- | ₹50,000 |
| Sahara Maritime | BSE SME | ₹- | ₹- |
| Shanti Spintex | BSE SME | ₹- | ₹- |
| Electro Force India | NSE SME | ₹- | ₹- |
| Trident Techlabs | NSE SME | ₹- | ₹120,000 |
| Supreme Power Equipment | NSE SME | ₹- | ₹75,000 |
| Indifra | NSE SME | ₹- | ₹- |
| Sameera Agro and Infra | NSE SME | ₹- | ₹- |
| Allied Blenders and Distillers | Mainline | ₹- | ₹- |
| SPC Life Sciences | Mainline | ₹- | ₹- |
| Balaji Speciality Chemicals | Mainline | ₹- | ₹- |
| EbixCash | Mainline | ₹- | ₹- |
Current IPO GMP Rates
| IPO Name | Date | IPO GMP | IPO Price | Listing Gain |
| IKIO Lighting | 6-8 Jun | ₹100 | ₹285 | 36% |
| HMA Agro | 20-24 Jun | ₹– | ₹585 | -% |
| IdeaForge | Soon | ₹400 | ₹- | -% |
| Sonalis Consumer Products | 7-9 Jun | ₹4 | ₹30 | 13% |
| Spectrum Talent Management | 9-14 Jun | ₹20 | ₹173 | 12% |
| Urban Enviro | 12-14 Jun | ₹40 | ₹100 | 40% |
| Bizotic Commercial | 12-15 Jun | ₹– | ₹175 | -% |
| Cosmic CRF | 14-16 Jun | ₹15 | ₹320 | 4% |
| Cell Point | 15-20 Jun | ₹10 | ₹100 | 10% |
| Vilin Bio Med | 16-21 Jun | ₹– | ₹30 | -% |
IPO Kostak & Subject to Sauda Rates
| IPO Name | Type | Kostak | Subject to Sauda |
| IKIO Lighting | Mainline | ₹600 | ₹3500 |
| HMA Agro | Mainline | ₹- | ₹- |
| IdeaForge | Mainline | ₹- | ₹- |
| Sonalis Consumer Products | BSE SME | ₹- | ₹- |
| Spectrum Talent Management | NSE SME | ₹- | ₹10000 |
| Urban Enviro | NSE SME | ₹- | ₹30000 |
| Bizotic Commercial | BSE SME | ₹- | ₹- |
| Cosmic CRF | BSE SME | ₹- | ₹5000 |
| Cell Point | NSE SME | ₹- | ₹10000 |
| Vilin Bio Med | NSE SME | ₹- | ₹- |
Past IPO Grey Market Premium of IPO 2022-2023
| IPO Name | Price | GMP | Listed |
| Nexus Select Trust | ₹100 | ₹5 | ₹103 |
| Mankind Pharma | ₹1080 | ₹100 | ₹1300 |
| Avalon Technologies | ₹436 | ₹10 | ₹436 |
| Udayshivakumar Infra | ₹35 | ₹5 | ₹30 |
| Global Surfaces | ₹140 | ₹15 | ₹164 |
| Divgi TorqTransfer Systems | ₹590 | ₹40 | ₹620 |
| Sah Polymers | ₹65 | ₹10 | ₹85 |
| Radiant Cash Management | ₹99 | ₹3 | ₹103 |
| Elin Electronics | ₹247 | Disc | ₹244 |
| KFin Technologies | ₹366 | Disc | ₹267 |
Company Profile
After the IPO date and price band announcements, the grey market begins unofficially in the unregulated market. Before investing in an IPO, investors always look at the premium, which might fluctuate depending on market conditions, demand, and subscription numbers. Let’s look at how to compute the projected listing price after factoring in a premium. If the grey market IPO rate is 100 and the IPO price is approximately 200, then the expected listing price is around 300. According to the computation, the listing gain will be 50% of the IPO price. Due to the bull/bear market or demand for the company’s shares, the listing price of an IPO may differ from the expected listing price provided by the grey market.
We have seen that certain IPOs had a lesser grey market but listed with more significant gains, whilst a few IPOs in 2021 had a higher grey market but listed at lower prices. Although the grey market usually plays a crucial role in calculating IPO listing gains, we strongly advise investors to utilise the grey market rates for information only and not to trade based on the statistics.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
