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Mainboard IPO GMP is trending for Indegene, TBO Tek, Aadhar Housing Finance 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 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 |
---|---|---|---|---|---|---|---|---|---|---|---|
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 | |
Indigo Paints IPO[email protected] (74.97%) | 1490 | 750 | 2240 (50.34%) | ₹ 1176 Crore | 10 | 20-Jan | 22-Jan | 28-Jan | 2-Feb | 30-Jan 9:13 | |
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 | |
Veranda Learning IPO[email protected] (14.60%) | 137 | 15 | 152 (10.95%) | ₹200 Cr | 100 | 29-Mar | 31-Mar | 5-Apr | 11-Apr | 10-Apr 13:06 | |
Global Surfaces IPO[email protected] (17.14%) | 140 | 18 | 158 (12.86%) | ₹154.98 Cr | 100 | 13-Mar | 15-Mar | 20-Mar | 23-Mar | 23-Mar 9:37 | |
Exicom Tele-Systems IPOL@265 (86.62%) | 142 | 160 | 302 (112.68%) | ₹429.00 Cr | 100 | 27-Feb | 29-Feb | 1-Mar | 5-Mar | 5-Mar 7:58 | |
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Mazagon Dock IPO[email protected] (48.21%) | 145 | 105 | 250 (72.41%) | ₹443.69 Cr | 103 | 29-Sep | 1-Oct | 7-Oct | 12-Oct | 12-Oct 9:07 | |
Yatra Online IPO[email protected] (-10.21%) | 142 | -- | 142 (0.00%) | ₹775.00 Cr | 105 | 15-Sep | 20-Sep | 25-Sep | 28-Sep | 28-Sep 9:31 | |
Valiant Laboratories IPO[email protected] (15.82%) | 140 | 20 | 160 (14.29%) | ₹152.46 Cr | 105 | 27-Sep | 3-Oct | 5-Oct | 6-Oct | 6-Oct 9:32 | |
Fedbank Financial Services IPO[email protected] (-1.61%) | 140 | -- | 140 (0.00%) | ₹1092.26 Cr | 107 | 22-Nov | 24-Nov | 28-Nov | 30-Nov | 30-Nov 8:30 | |
BLS E-Services IPO[email protected] (125.93%) | 135 | 155 | 290 (114.81%) | ₹310.91 Cr | 108 | 30-Jan | 1-Feb | 2-Feb | 6-Feb | 6-Feb 8:27 | |
Entero Healthcare Solutions IPO[email protected] (-2.33%) | 1258 | 2 | 1260 (0.16%) | ₹1600.00 Cr | 11 | 9-Feb | 13-Feb | 14-Feb | 16-Feb | 16-Feb 8:25 | |
Laxmi Organic IPO[email protected] (19.62%) | 130 | 40 | 170 (30.77%) | ₹600 Cr. | 115 | 15-Mar | 17-Mar | 22-Mar | 25-Mar | 25-Mar 9:47 | |
SAMHI Hotels IPO[email protected] (6.75%) | 126 | 8 | 134 (6.35%) | ₹1370.10 Cr | 119 | 14-Sep | 18-Sep | 22-Sep | 22-Sep | 22-Sep 9:31 | |
CAMS IPO[email protected] (23.41%) | 1230 | 328 | 1558 (26.67%) | ₹2242 Cr | 12 | 21-Sep | 23-Sep | 28-Sep | 1-Oct | 30-Sep 22:57 | |
Nykaa IPO[email protected] (79.38%) | 1125 | 775 | 1900 (68.89%) | ₹5,351.92 Cr | 12 | 28-Oct | 1-Nov | 8-Nov | 10-Nov | 10-Nov 8:32 | |
Sapphire Foods IPO[email protected] (14.41%) | 1180 | 130 | 1310 (11.02%) | ₹2,073 Cr | 12 | 9-Nov | 11-Nov | 16-Nov | 18-Nov | 18-Nov 8:00 | |
Likhitha Infrastructure IPO[email protected] (8.33%) | 120 | 6 | 126 (5.00%) | ₹61.20 Cr | 125 | 29-Sep | 7-Oct | 12-Oct | 15-Oct | 13-Oct 12:40 | |
Exxaro Tiles IPO[email protected] (5.00%) | 120 | 5 | 125 (4.17%) | ₹161.09 Cr | 125 | 4-Aug | 6-Aug | 11-Aug | 16-Aug | 16-Aug 7:46 | |
Shriram Properties IPO[email protected] (-23.73%) | 118 | -10 | 108 (-8.47%) | ₹600 Cr. | 125 | 8-Dec | 10-Dec | 15-Dec | 20-Dec | 20-Dec 11:39 | |
JSW Infrastructure IPOL@143 (20.17%) | 119 | 30 | 149 (25.21%) | ₹2800.00 Cr | 126 | 25-Sep | 27-Sep | 28-Sep | 3-Oct | 3-Oct 9:27 | |
Mankind Pharma IPO[email protected] (20.37%) | 1080 | 121 | 1201 (11.20%) | ₹4326.36 Cr | 13 | 25-Apr | 27-Apr | 3-May | 9-May | 9-May 9:18 | |
Nazara Technologies IPO[email protected] (80.74%) | 1101 | 740 | 1841 (67.21%) | ₹582.91 Cr | 13 | 17-Mar | 19-Mar | 24-Mar | 30-Mar | 25-Mar 9:49 | |
Tatva Chintan Pharma IPO[email protected] (95.00%) | 1083 | 1110 | 2193 (102.49%) | ₹500 Cr | 13 | 16-Jul | 20-Jul | 26-Jul | 29-Jul | 29-Jul 9:33 | |
Aeroflex Industries IPO[email protected] (75.93%) | 108 | 71 | 179 (65.74%) | ₹351.00 Cr | 130 | 22-Aug | 24-Aug | 29-Aug | 31-Aug | 31-Aug 9:30 | |
R R Kabel IPOL@1180 (14.01%) | 1035 | 104 | 1139 (10.05%) | ₹1964.01 Cr | 14 | 13-Sep | 15-Sep | 21-Sep | 20-Sep | 20-Sep 9:31 | |
MapmyIndia IPO[email protected] (51.50%) | 1033 | 670 | 1703 (64.86%) | ₹1040 Cr | 14 | 9-Dec | 13-Dec | 16-Dec | 21-Dec | 21-Dec 6:52 | |
LIC IPO[email protected] (-8.11%) | 949 | -26 | 923 (-2.74%) | ₹20,557 Cr | 15 | 4-May | 9-May | 12-May | 17-May | 17-May 9:29 | |
Krsnaa Diagnostics IPO[email protected] (5.40%) | 954 | 222 | 1176 (23.27%) | ₹1,213.33 Cr. | 15 | 4-Aug | 6-Aug | 11-Aug | 16-Aug | 16-Aug 7:49 | |
Policybazaar IPO[email protected] (17.35%) | 980 | 135 | 1115 (13.78%) | ₹6,017.5 Cr | 15 | 1-Nov | 3-Nov | 10-Nov | 15-Nov | 15-Nov 7:59 | |
Bharat Highways InvIT IPO[email protected] (1.10%) | 100 | 2 | 102 (2.00%) | ₹2500.00 Cr | 150 | 28-Feb | 1-Mar | 6-Mar | 12-Mar | 12-Mar 9:26 | |
Vishnu Prakash R IPOL@165 (66.67%) | 99 | 62 | 161 (62.63%) | ₹308.88 Cr | 150 | 24-Aug | 28-Aug | 31-Aug | 5-Sep | 5-Sep 9:28 | |
Ratnaveer Precision Engineering IPO[email protected] (25.71%) | 98 | 52 | 150 (53.06%) | ₹165.03 Cr | 150 | 4-Sep | 6-Sep | 7-Sep | 11-Sep | 11-Sep 9:31 | |
Radiant Cash Management IPOL@104 (5.05%) | 99 | 6 | 105 (6.06%) | ₹256.64Cr | 150 | 23-Dec | 27-Dec | 30-Dec | 4-Jan | 4-Jan 7:00 | |
RBZ Jewellers IPOL@100 (0.00%) | 100 | -- | 100 (0.00%) | ₹100.00 Cr | 150 | 19-Dec | 21-Dec | 22-Dec | 27-Dec | 27-Dec 5:03 | |
RailTel IPO[email protected] (15.96%) | 94 | 10 | 104 (10.64%) | ₹ 819.24 Crore | 155 | 16-Feb | 18-Feb | 23-Feb | 26-Feb | 24-Feb 20:29 | |
TBO Tek IPOOpen (Sub:0.55x) | 920 | 540 | 1460 (58.70%) | ₹1550.81 Cr | 16 | 8-May | 10-May | 13-May | 15-May | 8-May 13:58 | |
Clean Science and IPO[email protected] (95.00%) | 900 | 615 | 1515 (68.33%) | ₹1,546.622 Cr. | 16 | 7-Jul | 9-Jul | 14-Jul | 19-Jul | 19-Jul 9:06 | |
Rolex Rings IPO[email protected] (38.89%) | 900 | 455 | 1355 (50.56%) | ₹731 Cr. | 16 | 28-Jul | 30-Jul | 4-Aug | 9-Aug | 8-Aug 9:57 | |
Star Health IPO[email protected] (-6.11%) | 900 | -80 | 820 (-8.89%) | ₹7249.18 Cr | 16 | 30-Nov | 2-Dec | 7-Dec | 10-Dec | 10-Dec 8:07 |
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.