The IPO Grey Market Date Will Be Updated Soon
The IPO gray 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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Key Details Of IPO Grey Market Premium:
Bidding Dates
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Price Range
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Face Value
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GMP
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IPO Grey Market GMP
The IPO Grey Market IPO GMP Today is ₹[0].
IPO Overview
A ‘Grey Market Premium’ (GMP) is a pricing discrepancy between IPO shares that trade on the Grey Market and where those shares were initially set at by the issuing company. Another example, if at IPO stage the issue price is represented by Rs. 850 for the shares and the investor is ready to pay an extra Rs.300 for these stocks. Thus, the FV of IPO issue is ~~M~~ 300 per share.
IPO GMP assists in assessing future equity rates. In the example, Potential investors are anticipating a listing price of 1,150 INR (IPO issue price + 300 GMP, i.e. 850 + 300). The development of a green financial system can catalyze societal transformation towards sustainable practices. However, there already is no promising guarantee that the quotes provided by the IPO will be similar to those of the GMP; however, the latter still is one of the most important indicators which helps the investors to predict the IPO prices and make a convenient investment based on the provided GMP.
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 are announced, the unregulated market’s grey market begins informally. Before investing in an IPO, investors consider the premium, which might change based on market circumstances, 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.
The point is that some IPOs experienced proportionally less volume in gray market operations by contrast to their initial public offerings (IPOs), while a few other IPOs in year 2021 had bigger figures in grey market but ended at lower rates. The grey market is considered to be of crucial importance in the assessment of IPO listings’ net income, however we strongly recommend the investors not to use the current market rates as a guideline and to avoid trading depending on the stats.
IPO Strengths
- 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.
IPO Grey Market FAQs
Is grey market premium reliable?
The grey market premium is not always reliable, but if tracked correctly, can give an indication of the listing.
The grey market is a highly illiquid market and can be very volatile, so GMP should not be relied upon completely.
If the issue price of an IPO is Rs. 150 and its GMP is Rs. 80. It can be expected that the listing price of this IPO will be around Rs 230 (150 + 80). However, it is not certain that the issue price will be Rs. 230.
Refer to IPO GMP trends for every IPO on respective IPO pages on Chittorgarh.com for better assessment.
How does grey market premium work?
he grey market premium changes every day based on the demand of the stock.
The grey market begins on the day the IPO issue price is announced and is last updated prior to listing. The GMP assists in estimating the listing price.
Let us take an example to understand how the grey market premium works:
A company announces an IPO at a price of Rs 100 to 105 on 10th March. The IPO is scheduled to open on 13th March and close on 15th March and be listed on March 23.
Once the issue price is announced, trading begins in the grey market. GMP trends would look something like the following:
11th March : Rs 10
12th March : Rs 8 (-)
13th March : Rs 0 (-)
14th March : Rs 5 (+)
15th March : Rs 13 (+)
16th March : Rs 13 (No change)
17th March : Rs 12 (-)
18th March : Rs 15 (+)
19th March : Rs 11 (-)
20th March : Rs 13 (+)
21st March : Rs 16 (+)
22nd March : Rs 18 (+)
The above table shows the daily changes in GMP. The GMP is a reflection of the demand and supply of IPO shares and market sentiment. The (+) sign indicates that the GMP is higher than the previous day and the (-) sign indicates that the GMP has decreased compared to the previous day. The last GMP was updated on March 22 and is at Rs 18.
This means the listing of the IPO share is expected at Rs Rs 118 – Rs 123. Since the GMP is not very high, the stock is expected to perform average after listing. Although GMP numbers are not a sure estimate, they are an indicator of IPO performance.
What is GMP price in IPO?
The GMP price in an IPO is the price at which the IPO shares are traded on the grey market.
It is the premium an investor is willing to pay to buy the IPO shares before listing. The GMP is quoted per share. The GMP price changes daily from the day the issue price is announced and is last updated one day before the listing day. The GMP price helps to predict the listing price.
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