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IPO GMP is trending for Western Carriers (India), Envirotech Systems, Arkade Developers, Deccan Transcon Leasing, Sodhani Academy of Fintech Enablers, Osel Devices, Northern Arc Capital, BikeWo GreenTech, SD Retail, Phoenix Overseas, KRN Heat Exchanger, Avi Ansh Textile, Kalana Ispat, TechEra Engineering, Thinking Hats Entertainment Solutions 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 | Close | BoA Dt | Listing | GMP Updated |
---|---|---|---|---|---|---|---|---|---|---|---|
Archit Nuwood Industries BSE SMEUpcoming | 270 | -- | 270 (0.00%) | ₹168.48 Cr | 400 | 21-Sep 6:03 | |||||
Sahasra Electronics Solutions NSE SMEUpcoming | 283 | 43 | 326 (15.19%) | ₹186.16 Cr | 400 | 26-Sep | 30-Sep | 1-Oct | 4-Oct | 21-Sep 6:03 | |
Forge Auto International NSE SMEUpcoming | 108 | -- | 108 (0.00%) | ₹31.10 Cr | 1200 | 26-Sep | 30-Sep | 1-Oct | 4-Oct | 21-Sep 6:03 | |
KRN Heat Exchanger IPOUpcoming | 220 | 223 | 443 (101.36%) | ₹341.95 Cr | 65 | 25-Sep | 27-Sep | 30-Sep | 3-Oct | 21-Sep 6:03 | |
TechEra Engineering NSE SMEUpcoming | 82 | 10 | 92 (12.20%) | ₹35.90 Cr | 1600 | 25-Sep | 27-Sep | 30-Sep | 3-Oct | 21-Sep 6:03 | |
Thinking Hats Entertainment Solutions NSE SMEUpcoming | 44 | 15 | 59 (34.09%) | ₹15.09 Cr | 3000 | 25-Sep | 27-Sep | 30-Sep | 3-Oct | 21-Sep 6:03 | |
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Unilex Colours and Chemicals NSE SMEUpcoming | 87 | -- | 87 (0.00%) | ₹31.32 Cr | 1600 | 25-Sep | 27-Sep | 30-Sep | 3-Oct | 21-Sep 6:03 | |
WOL3D NSE SMEUpcoming | 150 | 55 | 205 (36.67%) | ₹25.56 Cr | 1000 | 23-Sep | 25-Sep | 26-Sep | 30-Sep | 21-Sep 6:03 | |
Rappid Valves (India) NSE SMEUpcoming | 222 | -- | 222 (0.00%) | ₹30.41 Cr | 600 | 23-Sep | 25-Sep | 26-Sep | 30-Sep | 21-Sep 6:03 | |
Manba Finance IPOUpcoming | 120 | 60 | 180 (50.00%) | ₹150.84 Cr | 125 | 23-Sep | 25-Sep | 26-Sep | 30-Sep | 21-Sep 6:03 | |
Avi Ansh Textile NSE SMEOpen (Sub:1.16x) | 62 | 8 | 70 (12.90%) | ₹25.99 Cr | 2000 | 20-Sep | 24-Sep | 25-Sep | 27-Sep | 21-Sep 6:03 | |
BikeWo GreenTech NSE SMEOpen (Sub:1.28x) | 62 | 15 | 77 (24.19%) | ₹24.09 Cr | 2000 | 20-Sep | 24-Sep | 25-Sep | 27-Sep | 21-Sep 6:03 | |
SD Retail NSE SMEOpen (Sub:0.7x) | 131 | 40 | 171 (30.53%) | ₹64.98 Cr | 1000 | 20-Sep | 24-Sep | 25-Sep | 27-Sep | 21-Sep 6:03 | |
Phoenix Overseas NSE SMEOpen (Sub:1.09x) | 64 | 25 | 89 (39.06%) | ₹36.03 Cr | 2000 | 20-Sep | 24-Sep | 25-Sep | 27-Sep | 21-Sep 6:03 | |
Kalana Ispat NSE SMEOpen (Sub:4.5x) | 66 | 25 | 91 (37.88%) | ₹32.59 Cr | 2000 | 19-Sep | 23-Sep | 24-Sep | 26-Sep | 21-Sep 6:03 | |
Paramount Speciality Forgings NSE SMEClose (Sub:73.88x) | 59 | 10 | 69 (16.95%) | ₹32.34 Cr | 2000 | 17-Sep | 20-Sep | 23-Sep | 25-Sep | 21-Sep 6:03 | |
Western Carriers (India) IPOClose (Sub:31.69x) | 172 | 20 | 192 (11.63%) | ₹492.88 Cr | 87 | 13-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Envirotech Systems NSE SMEClose (Sub:91.67x) | 56 | 45 | 101 (80.36%) | ₹30.24 Cr | 2000 | 13-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Arkade Developers IPOClose (Sub:113.49x) | 128 | 63 | 191 (49.22%) | ₹410.00 Cr | 110 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Deccan Transcon Leasing NSE SMEClose (Sub:102.6x) | 108 | 55 | 163 (50.93%) | ₹65.06 Cr | 1200 | 13-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Pelatro NSE SMEClose (Sub:21.94x) | 200 | -- | 200 (0.00%) | ₹55.98 Cr | 600 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Northern Arc Capital IPOClose (Sub:117.19x) | 263 | 128 | 391 (48.67%) | ₹777.00 Cr | 57 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Osel Devices NSE SMEClose (Sub:194.24x) | 160 | 110 | 270 (68.75%) | ₹70.66 Cr | 800 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Popular Foundations BSE SMEClose (Sub:9.21x) | 37 | -- | 37 (0.00%) | ₹19.87 Cr | 3000 | 13-Sep | 19-Sep | 20-Sep | 24-Sep | 21-Sep 6:03 | |
Sodhani Academy of Fintech Enablers BSE SMEClose (Sub:438.72x) | 40 | 12 | 52 (30.00%) | ₹6.12 Cr | 3000 | 12-Sep | 17-Sep | 18-Sep | 20-Sep | 21-Sep 6:03 | |
Trafiksol ITS Technologies BSE SMEClose (Sub:345.65x) | 70 | -- | 70 (0.00%) | ₹44.87 Cr | 2000 | 10-Sep | 12-Sep | 13-Sep | 21-Sep 6:03 | ||
Innomet Advanced Materials NSE SME[email protected] (90.00%) | 100 | 95 | 195 (95.00%) | ₹34.24 Cr | 1200 | 11-Sep | 13-Sep | 16-Sep | 18-Sep | 18-Sep 9:31 | |
Excellent Wires and Packaging NSE SME[email protected] (-5.56%) | 90 | -- | 90 (0.00%) | ₹12.60 Cr | 1600 | 11-Sep | 13-Sep | 16-Sep | 19-Sep | 19-Sep 9:32 | |
P N Gadgil Jewellers IPO[email protected] (72.92%) | 480 | 303.50 | 783.5 (63.23%) | ₹1100.00 Cr | 31 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 17-Sep 9:30 | |
SPP Polymer NSE SME[email protected] (6.78%) | 59 | 15 | 74 (25.42%) | ₹24.49 Cr | 2000 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 17-Sep 9:31 | |
Aditya Ultra Steel NSE SME[email protected] (12.74%) | 62 | -- | 62 (0.00%) | ₹45.88 Cr | 2000 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:24 | |
Bajaj Housing Finance IPO[email protected] (114.29%) | 70 | 72 | 142 (102.86%) | ₹6560.00 Cr | 214 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:28 | |
Tolins Tyres IPO[email protected] (0.88%) | 226 | 30 | 256 (13.27%) | ₹230.00 Cr | 66 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:27 | |
Shubhshree Biofuels Energy NSE SME[email protected] (58.82%) | 119 | 75 | 194 (63.03%) | ₹16.56 Cr | 1200 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:26 | |
Gajanand International NSE SME[email protected] (16.67%) | 36 | -- | 36 (0.00%) | ₹20.65 Cr | 3000 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:31 | |
Share Samadhan BSE SME[email protected] (-1.28%) | 74 | -- | 74 (0.00%) | ₹24.06 Cr | 1600 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:27 | |
Kross IPO[email protected] (0.00%) | 240 | 24.50 | 264.5 (10.21%) | ₹500.00 Cr | 62 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 16-Sep 9:27 | |
Vision Infra Equipment Solutions NSE SME[email protected] (25.77%) | 163 | 95 | 258 (58.28%) | ₹106.21 Cr | 800 | 6-Sep | 10-Sep | 11-Sep | 13-Sep | 13-Sep 9:27 | |
Shree Tirupati Balajee IPO[email protected] (8.43%) | 83 | 27 | 110 (32.53%) | ₹169.65 Cr | 180 | 5-Sep | 9-Sep | 10-Sep | 12-Sep | 12-Sep 9:29 | |
My Mudra Fincorp NSE SME[email protected] (18.18%) | 110 | 36 | 146 (32.73%) | ₹33.26 Cr | 1200 | 5-Sep | 9-Sep | 10-Sep | 12-Sep | 12-Sep 9:24 |
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.