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IPO GMP is trending for Bajaj Housing Finance, Mach Conferences and Events, Namo eWaste Management, My Mudra Fincorp, Shree Tirupati Balajee, Tolins Tyres, Kross, P N Gadgil Jewellers, SPP Polymer, Gajanand International, Trafiksol ITS Technologies 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 | 10-Sep 22:58 | |||||
Paramount Speciality Forgings NSE SMEUpcoming | 59 | -- | 59 (0.00%) | ₹32.34 Cr | 2000 | 17-Sep | 19-Sep | 20-Sep | 24-Sep | 10-Sep 23:01 | |
Arkade Developers IPOUpcoming | 128 | 48 | 176 (37.50%) | ₹410.00 Cr | 110 | 16-Sep | 19-Sep | 20-Sep | 24-Sep | 10-Sep 22:54 | |
Deccan Transcon Leasing NSE SMEUpcoming | 108 | 10 | 118 (9.26%) | ₹65.06 Cr | 1200 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 10-Sep 22:59 | |
Popular Foundations BSE SMEUpcoming | 37 | -- | 37 (0.00%) | ₹19.87 Cr | 3000 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 10-Sep 23:01 | |
Osel Devices NSE SMEUpcoming | 160 | 100 | 260 (62.50%) | ₹70.66 Cr | 800 | 16-Sep | 18-Sep | 19-Sep | 23-Sep | 10-Sep 22:59 | |
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Western Carriers (India) IPOUpcoming | 172 | -- | 172 (0.00%) | ₹492.88 Cr | 87 | 13-Sep | 18-Sep | 19-Sep | 23-Sep | 10-Sep 23:00 | |
Sodhani Academy of Fintech Enablers BSE SMEUpcoming | 40 | -- | 40 (0.00%) | ₹6.12 Cr | 3000 | 12-Sep | 17-Sep | 18-Sep | 20-Sep | 10-Sep 22:54 | |
Envirotech Systems NSE SMEUpcoming | 56 | -- | 56 (0.00%) | ₹30.24 Cr | 2000 | 13-Sep | 17-Sep | 18-Sep | 20-Sep | 10-Sep 22:59 | |
Innomet Advanced Materials NSE SMEUpcoming | 100 | -- | 100 (0.00%) | ₹34.24 Cr | 1200 | 11-Sep | 13-Sep | 16-Sep | 18-Sep | 10-Sep 22:56 | |
Excellent Wires and Packaging NSE SMEUpcoming | 90 | -- | 90 (0.00%) | ₹12.60 Cr | 1600 | 11-Sep | 13-Sep | 16-Sep | 19-Sep | 10-Sep 22:55 | |
SPP Polymer NSE SMEOpen (Sub:5.36x) | 59 | 15 | 74 (25.42%) | ₹24.49 Cr | 2000 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 10-Sep 22:53 | |
Trafiksol ITS Technologies BSE SMEOpen (Sub:22.88x) | 70 | 85 | 155 (121.43%) | ₹44.87 Cr | 2000 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 10-Sep 22:59 | |
P N Gadgil Jewellers IPOOpen (Sub:2.06x) | 480 | 258 | 738 (53.75%) | ₹1100.00 Cr | 31 | 10-Sep | 12-Sep | 13-Sep | 17-Sep | 10-Sep 22:58 | |
Bajaj Housing Finance IPOOpen (Sub:8.08x) | 70 | 70 | 140 (100.00%) | ₹6560.00 Cr | 214 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 22:54 | |
Tolins Tyres IPOOpen (Sub:5.56x) | 226 | 39 | 265 (17.26%) | ₹230.00 Cr | 66 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 23:00 | |
Aditya Ultra Steel NSE SMEOpen (Sub:4.5x) | 62 | -- | 62 (0.00%) | ₹45.88 Cr | 2000 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 23:02 | |
Shubhshree Biofuels Energy NSE SMEOpen (Sub:12.47x) | 119 | -- | 119 (0.00%) | ₹16.56 Cr | 1200 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 22:59 | |
Kross IPOOpen (Sub:2.73x) | 240 | 50 | 290 (20.83%) | ₹500.00 Cr | 62 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 22:53 | |
Gajanand International NSE SMEOpen (Sub:4.43x) | 36 | 5 | 41 (13.89%) | ₹20.65 Cr | 3000 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 22:58 | |
Share Samadhan BSE SMEOpen (Sub:3.55x) | 74 | -- | 74 (0.00%) | ₹24.06 Cr | 1600 | 9-Sep | 11-Sep | 12-Sep | 16-Sep | 10-Sep 22:58 | |
Vision Infra Equipment Solutions NSE SMEClose (Sub:68.14x) | 163 | 75 | 238 (46.01%) | ₹106.21 Cr | 800 | 6-Sep | 10-Sep | 11-Sep | 13-Sep | 10-Sep 22:59 | |
Shree Tirupati Balajee IPOClose (Sub:124.74x) | 83 | 28 | 111 (33.73%) | ₹169.65 Cr | 180 | 5-Sep | 9-Sep | 10-Sep | 12-Sep | 10-Sep 22:57 | |
My Mudra Fincorp NSE SMEClose (Sub:102.48x) | 110 | 41 | 151 (37.27%) | ₹33.26 Cr | 1200 | 5-Sep | 9-Sep | 10-Sep | 12-Sep | 10-Sep 23:02 | |
Namo eWaste Management NSE SMEClose (Sub:225.64x) | 85 | 82 | 167 (96.47%) | ₹51.20 Cr | 1600 | 4-Sep | 6-Sep | 9-Sep | 11-Sep | 10-Sep 22:53 | |
Mach Conferences and Events BSE SMEClose (Sub:196.7x) | 225 | 145 | 370 (64.44%) | ₹125.28 Cr | 600 | 4-Sep | 6-Sep | 9-Sep | 11-Sep | 10-Sep 23:00 | |
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 | |
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 | |
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 | |
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 | |
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 | |
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 | |
Premier Energies IPO[email protected] (120.00%) | 450 | 487 | 937 (108.22%) | ₹2830.40 Cr | 33 | 27-Aug | 29-Aug | 30-Aug | 3-Sep | 3-Sep 9:26 | |
Jay Bee Laminations NSE SME[email protected] (90.00%) | 146 | 157 | 303 (107.53%) | ₹88.96 Cr | 1000 | 27-Aug | 29-Aug | 30-Aug | 3-Sep | 3-Sep 9:28 | |
Indian Phosphate NSE SME[email protected] (90.00%) | 99 | 125 | 224 (126.26%) | ₹67.36 Cr | 1200 | 26-Aug | 29-Aug | 30-Aug | 3-Sep | 3-Sep 9:25 | |
Rapid Multimodel Logistics BSE SME[email protected] (22.62%) | 84 | 10 | 94 (11.90%) | ₹8.49 Cr | 1600 | 22-Aug | 27-Aug | 28-Aug | 30-Aug | 30-Aug 9:32 |
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.