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IPO GMP is trending for Emmforce Autotech, JNK India, Shivam Chemicals, Amkay Products, Sai Swami Metals, Slone Infosystems, Indegene 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 |
---|---|---|---|---|---|---|---|---|---|---|---|
Indegene IPOUpcoming | NA | 160 | -- | TBD | TBD | 6-May | 8-May | 9-May | 13-May | 28-Apr 10:59 | |
Gland Pharma IPO[email protected] (14.00%) | 1500 | 118 | 1618 (7.87%) | Aggregating up to ₹6,479.55 Cr | 10 | 9-Nov | 11-Nov | 17-Nov | 20-Nov | 18-Nov 13:54 | |
Markolines Traffic Controls BSE SME[email protected] (-20.26%) | 78 | -5 | 73 (-6.41%) | 40 Cr | 1600 | 15-Sep | 20-Sep | 23-Sep | 27-Sep | 18-Sep 9:24 | |
Nureca Limited IPO[email protected] (53.75%) | 400 | 70 | 470 (17.50%) | 100 Cr | 35 | 15-Feb | 17-Feb | 23-Feb | 25-Feb | 25-Feb 8:29 | |
Equitas SFB IPO[email protected] (-6.06%) | 33 | 1 | 34 (3.03%) | ~₹ Cr | 450 | 20-Oct | 22-Oct | 27-Oct | 2-Nov | 22-Oct 9:39 | |
Baweja Studios NSE SME[email protected] (1.67%) | 180 | 2 | 182 (1.11%) | ₹97.20 Cr | 800 | 29-Jan | 1-Feb | 2-Feb | 6-Feb | 6-Feb 8:25 | |
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Khazanchi Jewellers BSE SME[email protected] (1.64%) | 140 | -- | 140 (0.00%) | ₹97.00 Cr | 1000 | 24-Jul | 28-Jul | 2-Aug | 7-Aug | 7-Aug 8:54 | |
G R Infraprojects IPO[email protected] (105.00%) | 837 | 575 | 1412 (68.70%) | ₹962 Cr | 17 | 7-Jul | 9-Jul | 14-Jul | 19-Jul | 19-Jul 9:06 | |
Sula Vineyards IPOL@358 (0.28%) | 357 | -15 | 342 (-4.20%) | ₹960.35Cr | 42 | 12-Dec | 14-Dec | 19-Dec | 22-Dec | 22-Dec 8:15 | |
Muthoot Microfin IPO[email protected] (-5.40%) | 291 | 27 | 318 (9.28%) | ₹960.00 Cr | 51 | 18-Dec | 20-Dec | 21-Dec | 26-Dec | 26-Dec 8:27 | |
WTI Cabs NSE SME[email protected] (32.65%) | 147 | 71 | 218 (48.30%) | ₹94.68 Cr | 1000 | 12-Feb | 14-Feb | 15-Feb | 19-Feb | 19-Feb 8:32 | |
Apeejay Surrendra Park IPOL@186 (20.00%) | 155 | 38 | 193 (24.52%) | ₹920.00 Cr | 96 | 5-Feb | 7-Feb | 8-Feb | 12-Feb | 12-Feb 8:29 | |
Shyam Metalics and IPO[email protected] (24.18%) | 306 | 130 | 436 (42.48%) | ₹909 cr | 45 | 14-Jun | 16-Jun | 21-Jun | 24-Jun | 24-Jun 9:13 | |
Oneclick Logistics India NSE SME[email protected] (41.41%) | 99 | 50 | 149 (50.51%) | ₹9.91 Cr | 1200 | 27-Sep | 3-Oct | 6-Oct | 11-Oct | 11-Oct 9:25 | |
Royal Sense BSE SME[email protected] (90.00%) | 68 | 37 | 105 (54.41%) | ₹9.86 Cr | 2000 | 12-Mar | 14-Mar | 15-Mar | 19-Mar | 19-Mar 9:24 | |
Mish Designs BSE SME[email protected] (31.15%) | 122 | 70 | 192 (57.38%) | ₹9.76 Cr | 1000 | 31-Oct | 2-Nov | 6-Nov | 7-Nov | 7-Nov 8:30 | |
Euphoria Infotech India BSE SMEL@190 (90.00%) | 100 | 85 | 185 (85.00%) | ₹9.60 Cr | 1200 | 19-Jan | 24-Jan | 25-Jan | 30-Jan | 30-Jan 8:29 | |
Arham Technology NSE SME[email protected] (42.86%) | 42 | 25 | 67 (59.52%) | ₹9.58Cr | 3000 | 5-Dec | 7-Dec | 12-Dec | 15-Dec | 15-Dec 8:06 | |
HRH Next Services NSE SMEL@41 (13.89%) | 36 | 9 | 45 (25.00%) | ₹9.57 Cr | 3000 | 27-Dec | 29-Dec | 1-Jan | 3-Jan | 3-Jan 8:30 | |
WomenCart NSE SMEL@117 (36.05%) | 86 | 30 | 116 (34.88%) | ₹9.56 Cr | 1600 | 16-Oct | 18-Oct | 23-Oct | 27-Oct | 27-Oct 9:31 | |
Quicktouch Technologies NSE SME[email protected] (50.82%) | 61 | 20 | 81 (32.79%) | ₹9.33 Cr | 2000 | 18-Apr | 21-Apr | 26-Apr | 2-May | 2-May 9:41 | |
Signoria Creation NSE SME[email protected] (101.54%) | 65 | 60 | 125 (92.31%) | ₹9.28 Cr | 2000 | 12-Mar | 14-Mar | 15-Mar | 19-Mar | 19-Mar 9:33 | |
Agarwal Float Glass NSE SME[email protected] (4.76%) | 42 | -5 | 37 (-11.90%) | ₹9.20 Cr | 3000 | 10-Feb | 15-Feb | 20-Feb | 23-Feb | 23-Feb 8:11 | |
Maagh Advertising And BSE SME[email protected] (3.83%) | 60 | -- | 60 (0.00%) | ₹9.12 Cr | 2000 | 26-Sep | 4-Oct | 10-Oct | 13-Oct | 13-Oct 9:07 | |
Saroja Pharma Industries NSE SMEL@65 (-22.62%) | 84 | -- | 84 (0.00%) | ₹9.11 Cr | 1600 | 31-Aug | 5-Sep | 8-Sep | 13-Sep | 13-Sep 9:27 | |
Srivari Spices and NSE SME[email protected] (141.67%) | 42 | 27 | 69 (64.29%) | ₹9.00 Cr | 3000 | 7-Aug | 9-Aug | 14-Aug | 18-Aug | 18-Aug 9:22 | |
Zomato IPO[email protected] (52.63%) | 76 | 22 | 98 (28.95%) | ₹9,375 Cr | 195 | 14-Jul | 16-Jul | 21-Jul | 23-Jul | 23-Jul 9:07 | |
Bikaji Foods International IPO[email protected] (7.60%) | 300 | 21 | 321 (7.00%) | ₹881 Cr | 50 | 3-Nov | 7-Nov | 11-Nov | 16-Nov | 16-Nov 6:51 | |
TVS Supply Chain IPO[email protected] (5.10%) | 197 | 3 | 200 (1.52%) | ₹880.00 Cr | 76 | 10-Aug | 14-Aug | 18-Aug | 23-Aug | 23-Aug 9:24 | |
Jupiter Life Line IPO[email protected] (32.38%) | 735 | 233 | 968 (31.70%) | ₹869.08 Cr | 20 | 6-Sep | 8-Sep | 13-Sep | 18-Sep | 18-Sep 9:28 | |
Avalon Technologies IPO[email protected] (0.00%) | 436 | 7 | 443 (1.61%) | ₹865.00 Cr | 34 | 3-Apr | 6-Apr | 12-Apr | 18-Apr | 18-Apr 9:24 | |
Kaynes Technology India IPO[email protected] (32.54%) | 587 | 185 | 772 (31.52%) | ₹857.82Cr | 25 | 10-Nov | 14-Nov | 17-Nov | 22-Nov | 22-Nov 6:24 | |
CFF Fluid Control BSE SME[email protected] (6.06%) | 165 | 6 | 171 (3.64%) | ₹85.80 Cr | 800 | 30-May | 2-Jun | 7-Jun | 12-Jun | 12-Jun 8:43 | |
UTI AMC IPO[email protected] (-9.75%) | 554 | -14 | 540 (-2.53%) | ₹8420.74 Cr | 27 | 29-Sep | 1-Oct | 7-Oct | 12-Oct | 12-Oct 9:06 | |
Blue Jet Healthcare IPOL@380 (9.83%) | 346 | 22 | 368 (6.36%) | ₹840.27 Cr | 43 | 25-Oct | 27-Oct | 30-Oct | 1-Nov | 1-Nov 9:23 | |
Syrma SGS Technology IPO[email protected] (19.09%) | 220 | 48 | 268 (21.82%) | ₹840.13 Cr | 68 | 12-Aug | 18-Aug | 23-Aug | 26-Aug | 26-Aug 9:20 | |
Uniparts India IPO[email protected] (-0.35%) | 577 | 41 | 618 (7.11%) | ₹835.61Cr | 25 | 30-Nov | 2-Dec | 7-Dec | 12-Dec | 12-Dec 7:51 | |
ASK Automotive IPO[email protected] (7.55%) | 282 | 28 | 310 (9.93%) | ₹834.00 Cr | 53 | 7-Nov | 9-Nov | 10-Nov | 15-Nov | 15-Nov 8:27 | |
Tamilnad Mercantile Bank IPO[email protected] (-2.86%) | 525 | 14 | 539 (2.67%) | ₹831.60 Cr. | 28 | 5-Sep | 7-Sep | 12-Sep | 15-Sep | 15-Sep 8:54 | |
Craftsman Automation IPO[email protected] (-8.79%) | 1490 | 30 | 1520 (2.01%) | ₹823.70 Cr | 10 | 15-Mar | 17-Mar | 22-Mar | 25-Mar | 25-Mar 9:47 |
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.