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Kundan Edifice was listed on the stock exchange on 26-09-2023. The IPO was subscribed 42.27x. The last GMP for Kundan Edifice IPO was ₹5, updated on Sep 26th 2023 09:31 AM. As per the last GMP, the expected profit/loss for the IPO was 5.49%.

The issue price of Kundan Edifice IPO (KEL) was ₹91.00, listed at a price of ₹75, which is -17.58% lower than the allotment price.

The expected IPO listing price as per grey market was ₹96, listed below GMP price and marked as negative listing for GMP.

**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.

Kundan Edifice Day-wise IPO GMP Trend

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing PriceLast Updated
26-09-2023 Listing91.00₹5 4600₹96 (5.49%)26-Sep-2023 10:31
25-09-2023 91.00₹5 4600₹96 (5.49%)26-Sep-2023 0:23
24-09-2023 91.00₹5 4600₹96 (5.49%)24-Sep-2023 23:58
23-09-2023 91.00₹6 5500₹97 (6.59%)24-Sep-2023 0:23
22-09-2023 91.00₹6 5500₹97 (6.59%)23-Sep-2023 0:24
21-09-2023 Allotment91.00₹10 9100₹101 (10.99%)22-Sep-2023 0:29
20-09-2023 91.00₹16 14600₹107 (17.58%)20-Sep-2023 23:02
19-09-2023 91.00₹16 14600₹107 (17.58%)20-Sep-2023 0:23
18-09-2023 91.00₹16 14600₹107 (17.58%)19-Sep-2023 0:32
17-09-2023 91.00₹16 14600₹107 (17.58%)18-Sep-2023 0:31
16-09-2023 91.00₹16 14600₹107 (17.58%)17-Sep-2023 0:31
15-09-2023 Close91.00₹16 14600₹107 (17.58%)16-Sep-2023 0:25
14-09-2023 91.00₹22 20100₹113 (24.18%)15-Sep-2023 0:26
13-09-2023 91.00₹27  24600₹118 (29.67%)14-Sep-2023 0:25
12-09-2023 Open91.00₹25 22800₹116 (27.47%)13-Sep-2023 0:31
11-09-2023 91.00₹32 29200₹123 (35.16%)12-Sep-2023 0:30
10-09-2023 91.00₹37 33700₹128 (40.66%)11-Sep-2023 0:27
09-09-2023 91.00₹37 33700₹128 (40.66%)10-Sep-2023 0:32
08-09-2023 91.00₹40  36500₹131 (43.96%)9-Sep-2023 0:32
07-09-2023 91.00₹38  34700₹129 (41.76%)8-Sep-2023 0:26
06-09-2023 91.00₹34 31000₹125 (37.36%)7-Sep-2023 0:30

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IPO grey market premium (GMP)

The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premium signals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.

It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Kundan Edifice SME IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Kundan Edifice SME IPO or not.

Kundan Edifice SME IPO Dates

Latest and updated information on Kundan Edifice SME IPO. Dates will be updated as they are announced.

SME IPO Activity Date
SME IPO Open Date 12-09-2023
SME IPO Close Date 15-09-2023
Basis of Allotment
Finalisation Date*
Refunds Initiation* 22-09-2023
Credit of Shares
to Demat Account*
SME IPO Listing Date* 26-09-2023

* - Tentative Dates

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DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.

Last Updated on Sep 26th 2023 10:31 AM


The Current GMP of Kundan Edifice SME IPO is ₹5 . The Kundan Edifice SME IPO GMP (Grey Market Premium) is the rate of premium, on which, the SME IPO is trading in the grey market or over-the-counter (OTC) market or off-exchange trading between two persons. The GMP price last updated on Sep 26th 2023 10:31 AM.


The estimated listing price for Kundan Edifice SME IPO is ₹96 which is approx 5.49% gain. The latest GMP of Kundan Edifice SME IPO is ₹5. The GMP price last updated on Sep 26th 2023 10:31 AM.


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