IPO Launch Date, Evaluation, Pricing, and Allocation Particulars of Medicamen...
The grey market premium, also known as IPO GMP, is a measure derived from the demand for a company set to launch an IPO. Unofficially starting in the unregulated market after the IPO date and price band announcements, the grey market provides insights into investor sentiment. IPO investors often assess the upcoming IPO GMP before making investment decisions. However, it can fluctuate depending on market conditions, demand, and subscription numbers.
Explore the most recent IPO analysis and estimated IPO grey market rates for the upcoming IPO, including potential listing gains as outlined below:
| IPO Name | Date | Price | GMP(₹) | Est Listing | IPO Size | Lot | BoA Dt | Listing |
|---|---|---|---|---|---|---|---|---|
|
Mandeep Auto Industries NSE SME Upcoming |
|
67 |
-- |
-- |
₹25.25 Cr |
2000 |
|
|
|
Refractory Shapes NSE SME Upcoming |
6-9 May |
31 |
-- |
31 (0.00%) |
₹18.60 Cr |
4000 |
10 May |
14 May |
|
Finelistings Technologies BSE SME Upcoming |
7-9 May |
123 |
-- |
123 (0.00%) |
₹13.53 Cr |
1000 |
10 May |
14 May |
|
Winsol Engineers NSE SME Upcoming |
6-9 May |
75 |
60 |
135 (80.00%) |
₹23.36 Cr |
1600 |
10 May |
14 May |
|
Indegene IPO Upcoming |
6-8 May |
452 |
238 |
690 (52.65%) |
₹1841.76 Cr |
33 |
9 May |
13 May |
|
Slone Infosystems NSE SME Upcoming |
3-7 May |
79 |
40 |
119 (50.63%) |
₹11.06 Cr |
1600 |
8 May |
10 May |
|
Sai Swami Metals BSE SME Open (Sub:22.9x) |
30 April- 3 May |
60 |
45 |
105 (75.00%) |
₹15.00 Cr |
2000 |
6 May |
8 May |
|
Racks & Rollers BSE SME Open (Sub:2.98x) |
30 April- 3 May |
78 |
35 |
113 (44.87%) |
₹29.95 Cr |
1600 |
6 May |
8 May |
|
Amkay Products BSE SME Open (Sub:35.18x) |
30 April- 3 May |
55 |
45 |
100 (81.82%) |
₹12.61 Cr |
2000 |
6 May |
8 May |
|
Shivam Chemicals BSE SME L@48.00 (9.09%) |
23-25 April |
44 |
2 |
46 (4.55%) |
₹20.18 Cr |
3000 |
26 April |
30 April |
|
L@621.00 (49.64%) |
23-25 April |
415 |
135 |
550 (32.53%) |
₹649.47 Cr |
36 |
26 April |
30 April |
|
Emmforce Autotech BSE SME L@186.20 (90.00%) |
23-25 April |
98 |
130 |
228 (132.65%) |
₹53.90 Cr |
1200 |
26 April |
30 April |
|
Varyaa Creations BSE SME L@285.00 (90.00%) |
22-25 April |
150 |
-- |
150 (0.00%) |
₹20.10 Cr |
1000 |
26 April |
30 April |
|
Faalcon Concepts BSE SME L@95.00 (53.23%) |
19-23 April |
62 |
5 |
67 (8.06%) |
₹12.09 Cr |
2000 |
24 April |
26 April |
|
VI FPO
L@12.00 (9.09%)
|
18-22 April |
11 |
1.50 |
12.5 (13.64%) |
₹18000.00 Cr |
1298 |
23 April |
25 April |
|
Grill Splendour Services NSE SME L@121.30 (1.08%) |
15-18 April |
120 |
8 |
128 (6.67%) |
₹16.47 Cr |
1200 |
19 April |
23 April |
|
Ramdevbaba Solvent NSE SME L@112.00 (31.76%) |
15-18 April |
85 |
9 |
94(10.59%) |
₹50.27 Cr |
1600 |
19 April |
23 April |
|
Greenhitech Ventures BSE SME L@95.00 (90.00%) |
12-16 April |
50 |
42 |
92 (84.00%) |
₹6.30 Cr |
3000 |
18 April |
22 April |
|
Teerth Gopicon NSE SME L@125.00 (12.61%) |
8-10 April |
111 |
16 |
127 (14.41%) |
₹44.40 Cr |
1200 |
12 April |
16 April |
|
DCG Cables And NSE SME L@90.00 (-10.00%) |
8-10 April |
100 |
-- |
100(0.00%) |
₹49.99 Cr |
1200 |
12 April |
16 April |
|
L@755.00 (32.46%) |
3-5 April |
570 |
140 |
710 (24.56%) |
₹4275.00 Cr |
26 |
8 April |
12 April |
|
Creative Graphics Solutions NSE SME L@175.00 (105.88%) |
28 March- 4 April |
85 |
66 |
151 (77.65%) |
₹54.40 Cr |
1600 |
5 April |
9 April |
|
Aluwind Architectural NSE SME L@45.00 (0.00%) |
28 March- 4 April |
45 |
5 |
50 (11.11%) |
₹29.70 Cr |
3000 |
5 April |
9 April |
|
Yash Optics & NSE SME L@90.00 (11.11%) |
27 March- 3 April |
81 |
14 |
95 (17.28%) |
₹53.15 Cr |
1600 |
4 April |
8 April |
|
Jay Kailash Namkeen BSE SME L@85.00 (16.44%) |
28 March- 3 April |
73 |
12 |
85 (16.44%) |
₹11.93 Cr |
1600 |
4 April |
8 April |
|
K2 Infragen NSE SME L@167.00 (40.34%) |
28 March- 3 April |
119 |
63 |
182 (52.94%) |
₹40.54 Cr |
1200 |
4 April |
8 April |
|
TAC Infosec NSE SME L@290.00 (173.58%) |
27 March- 2 April |
106 |
113 |
219 (106.60%) |
₹29.99 Cr |
1200 |
3 April |
5 April |
|
Radiowalla NSE SME L@120.15 (58.09%) |
27 March- 2 April |
76 |
38 |
114 (50.00%) |
14.25 Cr |
1600 |
3 April |
5 April |
|
Trust Fintech NSE SME L@143.25 (41.83%) |
26-28 March |
101 |
45 |
146 (44.55%) |
₹63.45 Cr |
1200 |
2 April |
4 April |
|
SRM Contractors IPO L@215.25 (2.50%) |
26-28 March |
210 |
70 |
280(33.33%) |
₹130.20 Cr |
70 |
1 April |
3 April |
|
Vruddhi Engineering Works BSE SME L@71 (1.43%) |
26-28 March |
70 |
-- |
70 (0.00%) |
₹4.76 Cr |
2000 |
1 April |
3 April |
|
Blue Pebble NSE SME L@199.00 (18.45%) |
26-28 March |
168 |
15 |
183 (8.93%) |
₹18.14 Cr |
800 |
1 April |
3 April |
|
Aspire & Innovative NSE SME L@56.50 (4.63%) |
26-28 March |
54 |
4 |
58 (7.41%) |
₹21.97 Cr |
2000 |
1 April |
3 April |
|
GConnect Logitech BSE SME L@42.00 (5.00%) |
26-28 March |
40 |
9 |
49 (22.50%) |
₹5.60 Cr |
3000 |
1 April |
3 April |
|
Naman In-Store (India) NSE SME L@125.00 (40.45%) |
22-27 March |
89 |
50 |
139 (56.18%) |
₹25.35 Cr |
1600 |
28 March |
2 April |
|
Vishwas Agri Seeds NSE SME L@85.00 (-1.16%) |
21-26 March |
86 |
9 |
95 (10.47%) |
₹25.80 Cr |
1600 |
27 March |
1 April |
IPO GMP, or IPO Grey Market Premium, refers to the disparity between the issue price of an IPO and its trading price in the grey market. Before an IPO officially debuts on the stock exchanges for public trading, there’s a period wherein unofficial trading of the IPO shares occurs in the grey market. The grey market operates as an over-the-counter market where shares are bought and sold without involvement from the stock exchanges.
The IPO Grey Market Premium (IPO GMP) indicates the difference between the trading price of shares in the grey market and the price set by the company for its Initial Public Offering (IPO). This unofficial market enables trading of shares before their official listing on a stock exchange. GMP serves as a gauge of investor sentiment toward the IPO. A high GMP suggests bullish sentiment, anticipating a rise in share price upon listing. Conversely, a low GMP indicates bearish sentiment, expecting a decline in share price post-listing.
It’s essential to recognize that GMP doesn’t always accurately predict share price performance upon listing on the stock exchange. Numerous factors influence share price, such as demand from institutional investors and overall market conditions. GMP merely reflects investor sentiment at a specific time. Actual share performance depends on various factors, including company performance and market conditions.
The IPO Grey Market Premium offers insight into market sentiment regarding the IPO. A positive GMP suggests strong demand, with shares trading above the issue price, while a negative GMP indicates weak demand, with shares trading below the issue price.
Calculating the estimated listing price involves adding a premium. For instance, if the grey market rates an IPO at ₹100, and the IPO price is around ₹200, the estimated listing price could be around ₹300. This calculation suggests a listing gain of 50% against the IPO price.
However, the actual IPO listing may differ from the estimated listing price suggested by the grey market, influenced by factors such as market trends and demand for company shares. While the grey market is a significant factor in calculating IPO listing gains, it’s crucial for investors to use grey market rates for informational purposes only and refrain from trading solely based on these numbers.
The Grey Market Premium (GMP) for IPOs refers to the additional price at which IPO shares are traded unofficially before their official listing on a stock exchange. It indicates the market’s perception of the potential value and demand for the shares.
The term “grey market premium” or “IPO GMP” is commonly used in the IPO market to estimate the price at which the IPO might list. This unofficial market operates before the IPO listing and during the period from the IPO start date to the allotment date. The grey market premium provides an indication of how the IPO might perform on its listing day with an estimated price.
For instance, if a company launches an IPO at ₹100 per share and the grey market premium is around ₹20, it suggests that the IPO might list at around ₹120 on its listing day. However, it’s important to note that the reliability of GMP varies. While it works in most cases, there are instances where it may not accurately predict the IPO’s listing price. Factors such as demand for the IPO and the level of subscription from High Net Worth Individuals (HNIs) and Qualified Institutional Buyers (QIBs) can influence the IPO’s listing price.
The Kostak rate represents the sum an investor pays to the seller of an IPO application before the IPO listing. It fluctuates in response to the grey market dynamics. Investors can trade their entire IPO application at Kostak rates outside the market to secure their profits, regardless of whether they receive the IPO allotment or not.
For instance, if someone submits 5 applications for a particular IPO and sells each at ₹1000 per application, they secure a profit of ₹5000. Even if they receive allotment in only 2 applications, their profit remains ₹5000. Subsequently, if they sell the allotted shares for a profit of around ₹10000, they must share the remaining ₹5000 profit with the buyer of the application. This method provides a secure way to trade IPO applications in the grey market.
In line with the Kostak rate, Subject to Sauda denotes the amount agreed upon when investors receive firm allotment on their IPO application. Buying or selling an IPO application on a subject to sauda basis implies that the seller is entitled to the specified amount if allotted; otherwise, the agreement is annulled. This method doesn’t allow for profit fixation as it hinges on allotment. If, after allotment, the seller sells the application for around ₹10000, and the profit rises to ₹15000 on the listing day, the seller must pay ₹5000 to the buyer.
The Grey Market Premium (GMP) for an IPO is the price at which it trades in the grey market before listing. It’s determined by the company’s performance, demand in the grey market, and subscription probability. For example, if an IPO’s price is set at ₹200, and the grey market quotes it at ₹100, it suggests the IPO might list at ₹300 (i.e., ₹200 + ₹100). However, this remains an estimation, and the actual listing price may vary from the grey market prediction.
The safety of grey market stocks depends on the broker or trader involved, and it’s generally deemed risky. Engaging in grey market trading entails fluctuations that could result in losses. Hence, it’s advisable to exercise caution. For those seeking listing gains, referring to the IPO GMP is recommended. Prudence dictates engaging in primary market trading post-listing.
Grey market trading of IPO applications typically involves local brokers who facilitate transactions at Kostak Rates or Subject to Sauda Rates based on IPO GMP. It’s crucial to be mindful of prevailing rates before engaging in buying or selling activities.
The IPO Grey Market Premium serves as a barometer of market sentiment and the perceived value of IPO shares. It aids potential investors in assessing demand levels and the premium they might need to pay during the IPO. However, it’s imperative to recognize that GMP isn’t indicative of future performance and remains subject to fluctuations.
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