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IPO GMP is trending for Finelistings Technologies, ABS Marine Services, Mandeep Auto Industries, Slone Infosystems, Indegene, Winsol Engineers, Refractory Shapes, TBO Tek, Aadhar Housing Finance, Energy Mission Machineries, Silkflex Polymers, Premier Roadlines, Aztec Fluids &, Indian Emulsifier, Veritaas Advertising 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 |
---|---|---|---|---|---|---|---|---|---|---|---|
Indian Emulsifier NSE SMEUpcoming | 132 | 185 | 317 (140.15%) | ₹42.39 Cr | 1000 | 13-May | 16-May | 17-May | 22-May | 8-May 10:24 | |
Mandeep Auto Industries NSE SMEUpcoming | 67 | 10 | 77 (14.93%) | ₹25.25 Cr | 2000 | 13-May | 15-May | 16-May | 21-May | 8-May 10:28 | |
Veritaas Advertising NSE SMEUpcoming | 114 | 50 | 164 (43.86%) | ₹8.48 Cr | 1200 | 13-May | 15-May | 16-May | 21-May | 8-May 10:32 | |
ABS Marine Services NSE SMEUpcoming | 147 | 40 | 187 (27.21%) | ₹96.29 Cr | 1000 | 10-May | 15-May | 16-May | 21-May | 8-May 10:31 | |
Piotex Industries BSE SMEUpcoming | 94 | -- | -- | ₹14.47 Cr | 1200 | 10-May | 14-May | 15-May | 17-May | 8-May 8:32 | |
Premier Roadlines NSE SMEUpcoming | 67 | 11 | 78 (16.42%) | ₹40.36 Cr | 2000 | 10-May | 14-May | 15-May | 17-May | 8-May 10:31 | |
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Aztec Fluids & BSE SMEUpcoming | 67 | 35 | 102 (52.24%) | ₹24.12 Cr | 2000 | 10-May | 14-May | 15-May | 17-May | 8-May 10:32 | |
Energy Mission Machineries NSE SMEUpcoming | 138 | 90 | 228 (65.22%) | ₹41.15 Cr | 1000 | 9-May | 13-May | 14-May | 16-May | 8-May 10:23 | |
Silkflex Polymers NSE SMEOpen (Sub:1.23x) | 52 | 5 | 57 (9.62%) | ₹18.11 Cr | 2000 | 7-May | 10-May | 13-May | 15-May | 8-May 10:30 | |
TGIF Agribusiness BSE SMEOpen (Sub:0.15x) | 93 | -- | 93 (0.00%) | ₹6.39 Cr | 1200 | 8-May | 10-May | 13-May | 15-May | 8-May 10:30 | |
Aadhar Housing Finance IPOOpen (Sub:0.04x) | 315 | 70 | 385 (22.22%) | ₹3000.00 Cr | 47 | 8-May | 10-May | 13-May | 15-May | 8-May 10:29 | |
TBO Tek IPOOpen (Sub:0.09x) | 920 | 530 | 1450 (57.61%) | ₹1550.81 Cr | 16 | 8-May | 10-May | 13-May | 15-May | 8-May 10:24 | |
Finelistings Technologies BSE SMEOpen (Sub:2.67x) | 123 | 25 | 148 (20.33%) | ₹13.53 Cr | 1000 | 7-May | 9-May | 10-May | 14-May | 8-May 10:32 | |
Winsol Engineers NSE SMEOpen (Sub:129x) | 75 | 170 | 245 (226.67%) | ₹23.36 Cr | 1600 | 6-May | 9-May | 10-May | 14-May | 8-May 10:28 | |
Refractory Shapes NSE SMEOpen (Sub:22.15x) | 31 | 15 | 46 (48.39%) | ₹18.60 Cr | 4000 | 6-May | 9-May | 10-May | 14-May | 8-May 10:26 | |
Indegene IPOClosing Today (Sub:8.76x) | 452 | 255 | 707 (56.42%) | ₹1841.76 Cr | 33 | 6-May | 8-May | 9-May | 13-May | 8-May 10:27 | |
Slone Infosystems NSE SMEClose (Sub:667.81x) | 79 | 70 | 149 (88.61%) | ₹11.06 Cr | 1600 | 3-May | 7-May | 8-May | 10-May | 8-May 10:25 | |
Sai Swami Metals BSE SME[email protected] (90.00%) | 60 | 50 | 110 (83.33%) | ₹15.00 Cr | 2000 | 30-Apr | 3-May | 6-May | 8-May | 8-May 9:30 | |
Amkay Products BSE SME[email protected] (90.00%) | 55 | 62 | 117 (112.73%) | ₹12.61 Cr | 2000 | 30-Apr | 3-May | 6-May | 8-May | 8-May 9:23 | |
Racks & Rollers BSE SME[email protected] (90.00%) | 78 | 60 | 138 (76.92%) | ₹29.95 Cr | 1600 | 30-Apr | 3-May | 6-May | 8-May | 8-May 9:30 | |
Emmforce Autotech BSE SME[email protected] (90.00%) | 98 | 130 | 228 (132.65%) | ₹53.90 Cr | 1200 | 23-Apr | 25-Apr | 26-Apr | 30-Apr | 30-Apr 9:31 | |
JNK India IPO[email protected] (49.64%) | 415 | 135 | 550 (32.53%) | ₹649.47 Cr | 36 | 23-Apr | 25-Apr | 26-Apr | 30-Apr | 30-Apr 9:23 | |
Varyaa Creations BSE SME[email protected] (90.00%) | 150 | -- | 150 (0.00%) | ₹20.10 Cr | 1000 | 22-Apr | 25-Apr | 26-Apr | 30-Apr | 30-Apr 9:31 | |
Shivam Chemicals BSE SME[email protected] (9.09%) | 44 | 2 | 46 (4.55%) | ₹20.18 Cr | 3000 | 23-Apr | 25-Apr | 26-Apr | 30-Apr | 30-Apr 9:23 | |
Faalcon Concepts BSE SME[email protected] (53.23%) | 62 | 5 | 67 (8.06%) | ₹12.09 Cr | 2000 | 19-Apr | 23-Apr | 24-Apr | 26-Apr | 26-Apr 9:55 | |
VI FPO[email protected] (9.09%) | 11 | 1.40 | 12.4 (12.73%) | ₹18000.00 Cr | 1298 | 18-Apr | 22-Apr | 23-Apr | 25-Apr | 25-Apr 15:01 | |
Grill Splendour Services NSE SME[email protected] (1.08%) | 120 | 8 | 128 (6.67%) | ₹16.47 Cr | 1200 | 15-Apr | 18-Apr | 19-Apr | 23-Apr | 23-Apr 9:31 | |
Ramdevbaba Solvent NSE SME[email protected] (31.76%) | 85 | 9 | 94 (10.59%) | ₹50.27 Cr | 1600 | 15-Apr | 18-Apr | 19-Apr | 23-Apr | 23-Apr 9:25 | |
Greenhitech Ventures BSE SME[email protected] (90.00%) | 50 | 42 | 92 (84.00%) | ₹6.30 Cr | 3000 | 12-Apr | 16-Apr | 18-Apr | 22-Apr | 22-Apr 9:32 | |
Teerth Gopicon NSE SME[email protected] (12.61%) | 111 | 16 | 127 (14.41%) | ₹44.40 Cr | 1200 | 8-Apr | 10-Apr | 12-Apr | 16-Apr | 16-Apr 9:23 | |
DCG Cables And NSE SME[email protected] (-10.00%) | 100 | -- | 100 (0.00%) | ₹49.99 Cr | 1200 | 8-Apr | 10-Apr | 12-Apr | 16-Apr | 16-Apr 9:24 | |
Bharti Hexacom IPO[email protected] (32.46%) | 570 | 140 | 710 (24.56%) | ₹4275.00 Cr | 26 | 3-Apr | 5-Apr | 8-Apr | 12-Apr | 12-Apr 9:29 | |
Creative Graphics Solutions NSE SME[email protected] (105.88%) | 85 | 66 | 151 (77.65%) | ₹54.40 Cr | 1600 | 28-Mar | 4-Apr | 5-Apr | 9-Apr | 9-Apr 9:26 | |
Aluwind Architectural NSE SME[email protected] (0.00%) | 45 | 5 | 50 (11.11%) | ₹29.70 Cr | 3000 | 28-Mar | 4-Apr | 5-Apr | 9-Apr | 9-Apr 9:29 | |
Yash Optics & NSE SME[email protected] (11.11%) | 81 | 14 | 95 (17.28%) | ₹53.15 Cr | 1600 | 27-Mar | 3-Apr | 4-Apr | 8-Apr | 8-Apr 9:29 | |
Jay Kailash Namkeen BSE SME[email protected] (16.44%) | 73 | 12 | 85 (16.44%) | ₹11.93 Cr | 1600 | 28-Mar | 3-Apr | 4-Apr | 8-Apr | 8-Apr 9:29 | |
K2 Infragen NSE SME[email protected] (40.34%) | 119 | 63 | 182 (52.94%) | ₹40.54 Cr | 1200 | 28-Mar | 3-Apr | 4-Apr | 8-Apr | 8-Apr 9:26 | |
TAC Infosec NSE SME[email protected] (173.58%) | 106 | 113 | 219 (106.60%) | ₹29.99 Cr | 1200 | 27-Mar | 2-Apr | 3-Apr | 5-Apr | 5-Apr 9:31 | |
Radiowalla NSE SME[email protected] (58.09%) | 76 | 38 | 114 (50.00%) | ₹14.25 Cr | 1600 | 27-Mar | 2-Apr | 3-Apr | 5-Apr | 5-Apr 9:27 | |
Trust Fintech NSE SME[email protected] (41.83%) | 101 | 45 | 146 (44.55%) | ₹63.45 Cr | 1200 | 26-Mar | 28-Mar | 2-Apr | 4-Apr | 4-Apr 9:31 |
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.