Check IPOÂ Grey Market Premium of all ongoing IPOs here: Chaman Metallics IPO GMP
Grey market premium is that the price which is traded in gray market is called grey market premium or GMP and this grey market premium shows that at what price a stock will be listed before it is listed in the stock market. grey market premium is called GMP in short form.
Here we give the gray market premium of all the upcoming IPOs and ongoing IPOs along with the estimated listing price with calculation.
IPO | Category | GMP (₹) | Estimated Listing Price | Star-Rating | IPO Price | IPO Status | Open Date | Close Date | Apply or Avoid |
Benchmark Computer Solutions Limited IPO | SME | 00 ⇔ | 0 (0.00%) | 0.5/5 | ₹00 to ₹00 per share | Upcoming | Nov 00, 2023 | Dec 00, 2023 | Coming Soon |
Sheetal Universal Limited IPO | SME | 00 ⇔ | 0 (0.00%) | 0.5/5 | ₹00 to ₹00 per share | Upcoming | Nov 00, 2023 | Dec 00, 2023 | Coming Soon |
Shanti Spintex Limited IPO | SME | 00 ⇔ | 0 (0.00%) | 0.5/5 | ₹00 to ₹00 per share | Upcoming | Nov 00, 2023 | Dec 00, 2023 | Coming Soon |
Graphisads Limited IPO | SME | 00 ⇔ | 111 (0.00%) | 0.5/5 | ₹111 per share | Upcoming | Nov 30, 2023 | Dec 5, 2023 | Coming Soon |
Marinetrans India Limited IPO | SME | 00 ⇔ | 26 (0.00%) | 0.5/5 | ₹26 per share | Upcoming | Nov 30, 2023 | Dec 5, 2023 | Coming Soon |
Net Avenue Technologies Limited IPO | SME | 00 ⇔ | 18 (0.00%) | 0.5/5 | ₹16 to ₹18 per share | Upcoming | Nov 30, 2023 | Dec 4, 2023 | Coming Soon |
Deepak Chemtex Limited IPO | SME | 12 🡅 | 92 (15.00%) | 0.5/5 | ₹76 to ₹80 per share | Upcoming | Nov 29, 2023 | Dec 1, 2023 | Coming Soon |
AMIC Forging Limited IPO | SME | 00 ⇔ | 126 (0.00%) | 0.5/5 | ₹121 to ₹126 per share | Upcoming | Nov 29, 2023 | Dec 1, 2023 | Coming Soon |
Swashthik Plascon Limited IPO | SME | 7 🡅 | 93 (8.14%) | 2.5/5 | ₹80 to ₹86 per share | Open | Nov 24, 2023 | Nov 29, 2023 | Avoid |
Mainline | 76 🡅 | 245 (44.97%) | 3.5/5 | ₹160 to ₹169 per share | Closed | Nov 22, 2023 | Nov 24, 2023 | Apply | |
Mainline | 2 🡇 | 142 (1.43%) | 3/5 | ₹133 to ₹140 per share | Closed | Nov 22, 2023 | Nov 24, 2023 | May Apply | |
Mainline | 82 🡅 | 386 (26.97%) | 3.5/5 | ₹288 to ₹304 per share | Closed | Nov 22, 2023 | Nov 24, 2023 | May Apply | |
SME | 55 🡅 | 195 (39.29%) | 2.5/5 | ₹136 to ₹140 per share | Closed | Nov 22, 2023 | Nov 24, 2023 | Apply | |
Mainline | 400 🡅 | 900 (80.00%) | 4/5 | ₹475 to ₹500 per share | Closed | Nov 22, 2023 | Nov 24, 2023 | Apply | |
Mainline | 12 🡅 | 44 (37.50%) | 3/5 | ₹30 to ₹32 per share | Closed | Nov 21, 2023 | Nov 23, 2023 | May Apply | |
SME | 25 🡅 | 258 (10.73%) | 2.5/5 | ₹233 per share | Closed | Nov 16, 2023 | Nov 20, 2023 | May Apply | |
SME | 50 🡅 | 189 (35.97%) | 3/5 | ₹137 to ₹139 | Listed | Nov 8, 2023 | Nov 10, 2023 | May Apply | |
Mainline | 50 🡅 | 332 (17.73%) | 3/5 | ₹268 to ₹282 | Listed | Nov 7, 2023 | Nov 9, 2023 | Apply | |
SME | 5 🡇 | 89 (5.95%) | 3.5/5 | ₹84 per share | Closed | Nov 7, 2023 | Nov 9, 2023 | May Apply | |
SME | 80 🡇 | 872 (10.10%) | 3.5/5 | ₹80 to ₹83 per share | Listed | Nov 7, 2023 | Nov 9, 2023 | May Apply | |
Mainline | 111 🡅 | 903 (14.02%) | 3/5 | ₹752 to ₹792 per share | Listed | Nov 6, 2023 | Nov 8, 2023 | May Apply | |
Mainline | 21 🡅 | 81 (35.00%) | 3.5/5 | ₹57 to ₹60 per share | Listed | Nov 3, 2023 | Nov 7, 2023 | Apply | |
SME | 5 🡇 | 86 (6.17%) | 3.5/5 | ₹81 per share | Listed | Nov 3, 2023 | Nov 7, 2023 | Apply | |
SME | 16 🡇 | 92 (21.05%) | 3.5/5 | ₹72 to ₹76 | Closed | Nov 3, 2023 | Nov 7, 2023 | Apply | |
SME | 39 🡅 | 94 (70.91%) | 3/5 | ₹52 to ₹55 | Listed | Nov 1, 2023 | Nov 3, 2023 | Apply | |
SME | 29 🡇 | 353 (8.95%) | 2.5/5 | ₹308 to ₹324 | Listed | Oct 31, 2023 | Nov 2, 2023 | Avoid | |
SME | 70 🡅 | 192 (57.38%) | 3.5/5 | ₹122 per share | Listed | Oct 31, 2023 | Nov 2, 2023 | Apply | |
Mainline | 160 🡅 | 808 (24.69%) | 4/5 | ₹617 to ₹648 | Listed | Oct 30, 2023 | Nov 1, 2023 | May Apply | |
SME | 12 🡅 | 82 (17.14%) | 3/5 | ₹67 to ₹70 per share | Listed | Oct 30, 2023 | Nov 1, 2023 | May Apply | |
SME | 7 🡇 | 115 (6.48%) | 3/5 | ₹108 per share | Listed | Oct 30, 2023 | Nov 1, 2023 | May Apply | |
SME | 75 🡅 | 157 (91.46%) | 2.5/5 | ₹78 to ₹82 per share | Listed | Oct 27, 2023 | Nov 1, 2023 | Apply | |
SME | 00 🡅 | 91 (0.00%) | 2/5 | ₹91 per share | Listed | Oct 27, 2023 | Oct 31, 2023 | Avoid | |
SME | 6 🡅 | 51 (13.33%) | 2.5/5 | ₹45 per share | Listed | Oct 27, 2023 | Oct 31, 2023 | Avoid | |
SME | 98 🡅 | 198 (98.00%) | 4/5 | ₹95 to ₹100 per share | Listed | Oct 26, 2023 | Oct 30, 2023 | Apply | |
Mainline | 23 🡅 | 369 (6.65%) | 3/5 | ₹329 to ₹346 per share | Listed | Oct 25, 2023 | Oct 27, 2023 | Avoid | |
SME | 10 🡇 | 218 (4.81%) | 2.5/5 | ₹208 per share | Listed | Oct 23, 2023 | Oct 27, 2023 | May Apply | |
Mainline | 37 🡇 | 542 (7.33%) | 4/5 | ₹480 to ₹505 per share | Listed | Oct 18, 2023 | Oct 20, 2023 | May Apply | |
SME | 5 🡇 | 55 (10.00%) | 2.5/5 | ₹47 to ₹50 per share | Listed | Oct 17, 2023 | Oct 20, 2023 | Apply | |
SME | 30 🡅 | 116 (34.88%) | 3/5 | ₹86 per share | Listed | Oct 16, 2023 | Oct 18, 2023 | May Apply | |
SME | 18 🡇 | 63 (40.00%) | 3.5/5 | ₹45 per share | Listed | Oct 12, 2023 | Oct 16, 2023 | Apply | |
SME | 12 🡇 | 87 (12.99%) | 4/5 | ₹77 per share | Listed | Oct 6, 2023 | Oct 10, 2023 | Apply | |
SME | 3 ⇔ | 79 (3.95%) | 2.5/5 | ₹76 per share | Listed | Sep 29, 2023 | Oct 4, 2023 | Avoid | |
Mainline | 23 🡅 | 77 (42.59%) | 4/5 | ₹51 to ₹54 per share | Listed | Sep 29, 2023 | Oct 4, 2023 | Apply | |
SME | 10 🡇 | 78 (14.71%) | 3.5/5 | ₹68 per share | Listed | Sep 29, 2023 | Oct 4, 2023 | Apply | |
SME | 10 🡇 | 68 (17.24%) | 3/5 | ₹58 per share | Listed | Sep 29, 2023 | Oct 4, 2023 | Apply | |
SME | 8 🡇 | 56 (16.67%) | 3/5 | ₹48 per share | Listed | Sep 29, 2023 | Oct 4, 2023 | Apply | |
SME | 00 ⇔ | 00 (00.00%) | 2/5 | ₹51 per share | Listed | Sep 27, 2023 | Oct 4, 2023 | Avoid | |
SME | 5 🡅 | 36 (16.13%) | 3/5 | ₹29 to ₹31 per share | Listed | Sep 27, 2023 | Oct 3, 2023 | Avoid | |
Mainline | 00 ⇔ | 00 (00.00%) | 3/5 | ₹133 to ₹140 per share | Listed | Sep 27, 2023 | Oct 3, 2023 | Apply | |
SME | 32 🡅 | 107 (42.67%) | 2.5/5 | ₹71 to ₹75 per share | Listed | Sep 27, 2023 | Oct 3, 2023 | Apply | |
SME | 7 🡅 | 100 (7.53%) | 3.5/5 | ₹93 per share | Listed | Sep 27, 2023 | Oct 3, 2023 | Avoid | |
SME | 00 ⇔ | 00 (00.00%) | 3/5 | ₹165 per share | Listed | Sep 27, 2023 | Oct 3, 2023 | Avoid | |
SME | 45 🡅 | 144 (45.45%) | 4/5 | ₹99 per share | Listed | Sep 27, 2023 | Oct 3, 2023 | Apply | |
SME | 00 ⇔ | 00 (00.00%) | 2/5 | ₹25 per share | Listed | Sep 26, 2023 | Sep 29, 2023 | Avoid | |
Mainline | 25 🡅 | 63 (65.79%) | 3.5/5 | ₹36 to ₹38 per share | Listed | Sep 26, 2023 | Sep 29, 2023 | Apply | |
SME | 20 🡇 | 165 (13.79%) | 3.5/5 | ₹145 per share | Listed | Sep 26, 2023 | Sep 29, 2023 | Avoid | |
Mainline | 18 🡅 | 137 (15.13%) | 4/5 | ₹113 to ₹119 per share | Listed | Sep 25, 2023 | Sep 27, 2023 | Apply | |
SME | 155 🡅 | 326 (90.64%) | 4/5 | ₹168 to ₹171 per share | Listed | Sep 25, 2023 | Sep 27, 2023 | Apply | |
SME | 30 ⇔ | 127 (30.93%) | 3.5/5 | ₹92 to ₹97 per share | Listed | Sep 25, 2023 | Sep 27, 2023 | Apply |
What is Grey Market Premium?
The grey market determines the share price of an IPO-bound company depending on the subscription data and investor sentiment. If the demand for shares is too high and the supply limited, the share quotes a premium over the allotment price. Buyers offer an additional amount over the IPO price to get the shares before listing. In the previous example, the additional Rs 100 per share offered to Mrs XYZ over the IPO price is the GMP. Shares of every company don’t command a premium in the grey market. If the response to the IPO is tepid, the shares may change hands at a discount in the grey market. Investors take cues from the GMP for the listing price and to gauge the overall response to an IPO. However, GMPs may not always be an accurate indicator as the grey market is susceptible to manipulation.
What is Kostak Rate?
The Kostak rate is the amount that one investor pays to the seller of an IPO application before the IPO listing. As the grey market reacts the Kostak rates also react that way. One can buy and sell their full IPO application on Kostak rates outside the market and fix their profit. The Kostak rates apply the investor gets the IPO allotment or not, the buyer should pay the Kostak rates for the IPO. If one did 4 applications for one IPO and sold the same at ₹500 per application it means he or she secured the IPO profit at ₹2000 rupees. If he gets the allotment in 2 applications still his profit will be ₹2000. Now if he sells the stock and gets a profit of around ₹8000 then he or she needs to give the remaining profit of ₹6000 to the investor who bought the application. This is the secure way to sell your application in the IPO grey market.
What is Subject to Sauda?
As per the Kostak rate, the Subject to Sauda on the application is the amount decided when the investors get the firm allotment on their IPO Application. If one buys or sells the IPO application on the subject to sauda it means one can get the said amount if one will get the allotment otherwise sauda will be cancelled. In this one can not fix their profit as it depends on the allotment. Again if one gets an allotment and he or she sold the application for around ₹15000 and the profit goes high on listing day around ₹21000 then one should pay ₹6000 to the guy who bought the application.
How to Calculate Grey Market Premium?
The IPO GMP aka grey market premium is a price that is traded in the grey market before the IPO listing process. The calculation is done based on the company’s performance, its demand in the grey market, and the probability of the subscription.
For Example; Let’s assume the issue price for share XYZ is Rs 100.
If the grey market premium is Rs 50, it means that people are ready to buy the shares of company XYZ for Rs 150; (i.e. 100 + 50).
Still, this is an assumption but the actual listing might vary from the grey market price.
What is Limit of IPO Grey Market Premium?
There is no limit of IPO Grey market premium, It is based on the demand of the shares. if the stocks have good demand before listing then they might open on higher profit. The IPO stocks have weak demand on the market then they might open at a negative price.
Is Grey Market Premium Changed Every Day?
Yes, the Grey market premium is changed every day based on the demand of the shares in the stock market.
Are Grey Market Stocks Safe?
It depends on the broker or the trading person and We suggest it is not safe. If you are trading in the grey market it will be at your own risk. There might be fluctuations on a higher side so one needs to do it with precautions. As we suggest just refer to the IPO GMP for the listing gain purpose. Be wise and trade in the primary market after listing only.
You can see how the initial public offering is applied from the demat account of different brokers by clicking on the name of the broker.
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