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IPO GMP is trending for Bajaj Housing Finance, Tolins Tyres, Shubhshree Biofuels Energy, Kross, P N Gadgil Jewellers, SPP Polymer, Western Carriers (India), Innomet Advanced Materials, Trafiksol ITS Technologies, Arkade Developers, Deccan Transcon Leasing, Sodhani Academy of Fintech Enablers, Osel Devices, Northern Arc Capital 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 | 15-Sep 17:30 | |||||
SD Retail Logo NSE SMEUpcoming | 131 | -- | 131 (0.00%) | ₹64.98 Cr | 1000 | 20-Sep | 24-Sep | 25-Sep | 27-Sep | 15-Sep 17:30 | |
BikeWo GreenTech NSE SMEUpcoming | 62 | -- | 62 (0.00%) | ₹24.09 Cr | 2000 | 18-Sep | 20-Sep | 23-Sep | 25-Sep | 15-Sep 17:30 | |
Pelatro NSE SMEUpcoming | 200 | -- | 200 (0.00%) | ₹55.98 Cr | 600 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 15-Sep 17:30 | |
Northern Arc Capital IPOUpcoming | 263 | 158 | 421 (60.08%) | ₹777.00 Cr | 57 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 15-Sep 17:29 | |
Paramount Speciality Forgings NSE SMEUpcoming | 59 | -- | 59 (0.00%) | ₹32.34 Cr | 2000 | 17-Sep | 19-Sep | 20-Sep | 24-Sep | 15-Sep 17:27 | |
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Osel Devices NSE SMEUpcoming | 160 | 110 | 270 (68.75%) | ₹70.66 Cr | 800 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 15-Sep 17:31 | |
Arkade Developers IPOUpcoming | 128 | 70 | 198 (54.69%) | ₹410.00 Cr | 110 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 15-Sep 17:30 | |
Envirotech Systems NSE SMEOpen (Sub:2.71x) | 56 | -- | 56 (0.00%) | ₹30.24 Cr | 2000 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 15-Sep 17:30 | |
Deccan Transcon Leasing NSE SMEOpen (Sub:3.97x) | 108 | 55 | 163 (50.93%) | ₹65.06 Cr | 1200 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 15-Sep 17:29 | |
Popular Foundations BSE SMEOpen (Sub:1.19x) | 37 | -- | 37 (0.00%) | ₹19.87 Cr | 3000 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 15-Sep 17:32 | |
Western Carriers (India) IPOOpen (Sub:0.85x) | 172 | 57 | 229 (33.14%) | ₹492.88 Cr | 87 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 15-Sep 17:28 | |
Sodhani Academy of Fintech Enablers BSE SMEOpen (Sub:9.9x) | 40 | 10 | 50 (25.00%) | ₹6.12 Cr | 3000 | 12-Sep | 17-Sep | 18-Sep | 20-Sep | 15-Sep 17:32 | |
Innomet Advanced Materials NSE SMEClose (Sub:323.92x) | 100 | 95 | 195 (95.00%) | ₹34.24 Cr | 1200 | 11-Sep | 13-Sep | 16-Sep | 18-Sep | 15-Sep 17:30 | |
Excellent Wires and Packaging NSE SMEClose (Sub:20.37x) | 90 | -- | 90 (0.00%) | ₹12.60 Cr | 1600 | 11-Sep | 13-Sep | 16-Sep | 19-Sep | 15-Sep 17:25 | |
SPP Polymer NSE SMEClose (Sub:43.29x) | 59 | 15 | 74 (25.42%) | ₹24.49 Cr | 2000 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 15-Sep 17:26 | |
Trafiksol ITS Technologies BSE SMEClose (Sub:345.65x) | 70 | 85 | 155 (121.43%) | ₹44.87 Cr | 2000 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 15-Sep 17:29 | |
P N Gadgil Jewellers IPOClose (Sub:59.41x) | 480 | 300 | 780 (62.50%) | ₹1100.00 Cr | 31 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 15-Sep 17:31 | |
Bajaj Housing Finance IPOClose (Sub:67.43x) | 70 | 76 | 146 (108.57%) | ₹6560.00 Cr | 214 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:24 | |
Tolins Tyres IPOClose (Sub:25.03x) | 226 | 30 | 256 (13.27%) | ₹230.00 Cr | 66 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:24 | |
Aditya Ultra Steel NSE SMEClose (Sub:10.58x) | 62 | -- | 62 (0.00%) | ₹45.88 Cr | 2000 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:23 | |
Shubhshree Biofuels Energy NSE SMEClose (Sub:132.89x) | 119 | 75 | 194 (63.03%) | ₹16.56 Cr | 1200 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:28 | |
Kross IPOClose (Sub:17.66x) | 240 | 24.50 | 264.5 (10.21%) | ₹500.00 Cr | 62 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:32 | |
Share Samadhan BSE SMEClose (Sub:14.59x) | 74 | -- | 74 (0.00%) | ₹24.06 Cr | 1600 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:26 | |
Gajanand International NSE SMEClose (Sub:15.27x) | 36 | -- | 36 (0.00%) | ₹20.65 Cr | 3000 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 15-Sep 17:24 | |
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 | |
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 | |
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 | |
Namo eWaste Management NSE SME[email protected] (90.00%) | 85 | 82 | 167 (96.47%) | ₹51.20 Cr | 1600 | 4-Sep | 6-Sep | 9-Sep | 11-Sep | 11-Sep 9:23 | |
Mach Conferences and Events BSE SME[email protected] (33.33%) | 225 | 145 | 370 (64.44%) | ₹125.28 Cr | 600 | 4-Sep | 6-Sep | 9-Sep | 11-Sep | 11-Sep 9:29 | |
Naturewings Holidays BSE SME[email protected] (28.38%) | 74 | 30 | 104 (40.54%) | ₹7.03 Cr | 1600 | 3-Sep | 5-Sep | 6-Sep | 10-Sep | 10-Sep 9:23 | |
Gala Precision Engineering IPO[email protected] (36.31%) | 529 | 245 | 774 (46.31%) | ₹167.93 Cr | 28 | 2-Sep | 4-Sep | 5-Sep | 9-Sep | 9-Sep 9:26 | |
Jeyyam Global Foods NSE SME[email protected] (0.00%) | 61 | 24 | 85 (39.34%) | ₹81.94 Cr | 2000 | 2-Sep | 4-Sep | 5-Sep | 9-Sep | 9-Sep 9:24 | |
Baazar Style Retail IPO[email protected] (0.00%) | 389 | 33 | 422 (8.48%) | ₹834.68 Cr | 38 | 30-Aug | 3-Sep | 4-Sep | 6-Sep | 6-Sep 9:26 | |
Boss Packaging Solutions NSE SME[email protected] (25.00%) | 66 | 5 | 71 (7.58%) | ₹8.41 Cr | 2000 | 30-Aug | 3-Sep | 4-Sep | 6-Sep | 6-Sep 9:23 | |
Travels & Rentals BSE SME[email protected] (37.50%) | 40 | 20 | 60 (50.00%) | ₹12.24 Cr | 3000 | 29-Aug | 2-Sep | 3-Sep | 5-Sep | 5-Sep 9:28 | |
Aeron Composite NSE SME[email protected] (20.00%) | 125 | 34 | 159 (27.20%) | ₹56.10 Cr | 1000 | 28-Aug | 30-Aug | 2-Sep | 4-Sep | 4-Sep 9:28 | |
ECOS (India) Mobility IPO[email protected] (16.77%) | 334 | 126 | 460 (37.72%) | ₹601.20 Cr | 44 | 28-Aug | 30-Aug | 2-Sep | 4-Sep | 4-Sep 9:27 | |
Paramatrix Technologies NSE SME[email protected] (4.59%) | 110 | -- | 110 (0.00%) | ₹33.84 Cr | 1200 | 27-Aug | 30-Aug | 2-Sep | 4-Sep | 4-Sep 9:31 | |
Vdeal System NSE SME[email protected] (51.79%) | 112 | 30 | 142 (26.79%) | ₹18.08 Cr | 1200 | 27-Aug | 29-Aug | 30-Aug | 3-Sep | 3-Sep 9:25 |
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.