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IPO GMP is trending for Trust Fintech, Vishwas Agri Seeds, Naman In-Store (India), SRM Contractors, Blue Pebble, Radiowalla, TAC Infosec, GConnect Logitech, Yash Optics &, Jay Kailash Namkeen, Aluwind Architectural, K2 Infragen, Creative Graphics Solutions, Bharti Hexacom 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 | BoA Dt | Listing | GMP Updated |
---|---|---|---|---|---|---|---|---|---|---|
Bharti Hexacom IPOUpcoming | 570 | 37 | 607 (6.49%) | ₹4275.00 Cr | 26 | 3-Apr to 5-Apr | 8-Apr | 12-Apr | 29-Mar 16:28 | |
Creative Graphics Solutions NSE SMEOpen (Sub:0.96x) | 85 | 52 | 137 (61.18%) | ₹54.40 Cr | 1600 | 28-Mar to 4-Apr | 5-Apr | 9-Apr | 29-Mar 16:23 | |
Aluwind Architectural NSE SMEOpen (Sub:0.38x) | 45 | 7 | 52 (15.56%) | ₹29.70 Cr | 3000 | 28-Mar to 4-Apr | 5-Apr | 9-Apr | 29-Mar 16:27 | |
Yash Optics & NSE SMEOpen (Sub:0.92x) | 81 | 23 | 104 (28.40%) | ₹53.15 Cr | 1600 | 27-Mar to 3-Apr | 4-Apr | 8-Apr | 29-Mar 16:26 | |
Jay Kailash Namkeen BSE SMEOpen (Sub:1.53x) | 73 | 38 | 111 (52.05%) | ₹11.93 Cr | 1600 | 28-Mar to 3-Apr | 4-Apr | 8-Apr | 29-Mar 16:26 | |
K2 Infragen NSE SMEOpen (Sub:0.85x) | 119 | 30 | 149 (25.21%) | ₹40.54 Cr | 1200 | 28-Mar to 3-Apr | 4-Apr | 8-Apr | 29-Mar 16:27 | |
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TAC Infosec NSE SMEOpen (Sub:24.86x) | 106 | 107 | 213 (100.94%) | ₹29.99 Cr | 1200 | 27-Mar to 2-Apr | 3-Apr | 5-Apr | 29-Mar 16:28 | |
Radiowalla NSE SMEOpen (Sub:15.66x) | 76 | 43 | 119 (56.58%) | ₹14.25 Cr | 1600 | 27-Mar to 2-Apr | 3-Apr | 5-Apr | 29-Mar 16:26 | |
Trust Fintech NSE SMEClose (Sub:108.63x) | 101 | 49 | 150 (48.51%) | ₹63.45 Cr | 1200 | 26-Mar to 28-Mar | 2-Apr | 4-Apr | 29-Mar 16:30 | |
SRM Contractors IPOClose (Sub:86.57x) | 210 | 125 | 335 (59.52%) | ₹130.20 Cr | 70 | 26-Mar to 28-Mar | 1-Apr | 3-Apr | 29-Mar 16:28 | |
Vruddhi Engineering Works BSE SMEClose (Sub:12.67x) | 70 | -- | 70 (0.00%) | ₹4.76 Cr | 2000 | 26-Mar to 28-Mar | 1-Apr | 3-Apr | 29-Mar 16:30 | |
Blue Pebble NSE SMEClose (Sub:56.32x) | 168 | 15 | 183 (8.93%) | ₹18.14 Cr | 800 | 26-Mar to 28-Mar | 1-Apr | 3-Apr | 29-Mar 16:27 | |
Aspire & Innovative NSE SMEClose (Sub:15.17x) | 54 | -- | 54 (0.00%) | ₹21.97 Cr | 2000 | 26-Mar to 28-Mar | 1-Apr | 3-Apr | 29-Mar 16:30 | |
GConnect Logitech BSE SMEClose (Sub:57.38x) | 40 | 9 | 49 (22.50%) | ₹5.60 Cr | 3000 | 26-Mar to 28-Mar | 1-Apr | 3-Apr | 29-Mar 16:31 | |
Naman In-Store (India) NSE SMEClose (Sub:309.03x) | 89 | 35 | 124 (39.33%) | ₹25.35 Cr | 1600 | 22-Mar to 27-Mar | 28-Mar | 2-Apr | 29-Mar 16:25 | |
Vishwas Agri Seeds NSE SMEClose (Sub:12.21x) | 86 | 9 | 95 (10.47%) | ₹25.80 Cr | 1600 | 21-Mar to 26-Mar | 27-Mar | 1-Apr | 29-Mar 16:29 | |
Omfurn India SME FPOClose (Sub:3.57x) | 75 | -- | 75 (0.00%) | ₹27.00 Cr | 2400 | 20-Mar to 22-Mar | 26-Mar | 28-Mar | 29-Mar 16:25 | |
Chatha Foods BSE SME[email protected] (30.36%) | 56 | 10 | 66 (17.86%) | ₹34.00 Cr | 2000 | 19-Mar to 21-Mar | 26-Mar | 27-Mar | 27-Mar 9:23 | |
Enser Communications NSE SME[email protected] (2.86%) | 70 | -- | 70 (0.00%) | ₹16.17 Cr | 2000 | 15-Mar to 19-Mar | 20-Mar | 22-Mar | 22-Mar 9:29 | |
Enfuse Solutions NSE SME[email protected] (19.79%) | 96 | 40 | 136 (41.67%) | ₹22.44 Cr | 1200 | 15-Mar to 19-Mar | 20-Mar | 22-Mar | 22-Mar 9:30 | |
KP Green Engineering BSE SME[email protected] (38.89%) | 144 | 50 | 194 (34.72%) | ₹189.50 Cr | 1000 | 15-Mar to 19-Mar | 20-Mar | 22-Mar | 22-Mar 9:33 | |
Krystal Integrated Services IPO[email protected] (9.79%) | 715 | 60 | 775 (8.39%) | ₹300.13 Cr | 20 | 14-Mar to 18-Mar | 19-Mar | 21-Mar | 21-Mar 9:30 | |
AVP Infracon NSE SME[email protected] (5.33%) | 75 | -- | 75 (0.00%) | ₹52.34 Cr | 1600 | 13-Mar to 15-Mar | 18-Mar | 20-Mar | 20-Mar 9:24 | |
Popular Vehicles & IPO[email protected] (-1.97%) | 295 | -- | 295 (0.00%) | ₹601.55 Cr | 50 | 12-Mar to 14-Mar | 15-Mar | 19-Mar | 19-Mar 9:32 | |
Royal Sense BSE SME[email protected] (90.00%) | 68 | 37 | 105 (54.41%) | ₹9.86 Cr | 2000 | 12-Mar to 14-Mar | 15-Mar | 19-Mar | 19-Mar 9:24 | |
Signoria Creation NSE SME[email protected] (101.54%) | 65 | 60 | 125 (92.31%) | ₹9.28 Cr | 2000 | 12-Mar to 14-Mar | 15-Mar | 19-Mar | 19-Mar 9:33 | |
Pratham EPC Projects NSE SME[email protected] (51.07%) | 75 | 27 | 102 (36.00%) | ₹36.00 Cr | 1600 | 11-Mar to 13-Mar | 14-Mar | 18-Mar | 18-Mar 9:29 | |
Pune E-Stock Broking BSE SMEL@130 (56.63%) | 83 | 40 | 123 (48.19%) | ₹38.23 Cr | 1600 | 7-Mar to 12-Mar | 13-Mar | 15-Mar | 15-Mar 9:24 | |
Koura Fine Diamond BSE SME[email protected] (36.36%) | 55 | 60 | 115 (109.09%) | ₹5.50 Cr | 2000 | 6-Mar to 11-Mar | 12-Mar | 14-Mar | 14-Mar 9:26 | |
Gopal Snacks IPO[email protected] (-12.47%) | 401 | -25 | 376 (-6.23%) | ₹650.00 Cr | 37 | 6-Mar to 11-Mar | 12-Mar | 14-Mar | 14-Mar 9:32 | |
Shree Karni Fabcom NSE SME[email protected] (14.54%) | 227 | 30 | 257 (13.22%) | ₹42.49 Cr | 600 | 6-Mar to 11-Mar | 12-Mar | 14-Mar | 14-Mar 9:27 | |
JG Chemicals IPOL@209 (-5.43%) | 221 | 5 | 226 (2.26%) | ₹251.19 Cr | 67 | 5-Mar to 7-Mar | 11-Mar | 13-Mar | 13-Mar 9:33 | |
Sona Machinery NSE SMEL@125 (-12.59%) | 143 | 30 | 173 (20.98%) | ₹51.82 Cr | 1000 | 5-Mar to 7-Mar | 11-Mar | 13-Mar | 13-Mar 9:31 | |
V R Infraspace NSE SMEL@90 (5.88%) | 85 | 6 | 91 (7.06%) | ₹20.40 Cr | 1600 | 4-Mar to 6-Mar | 7-Mar | 12-Mar | 12-Mar 9:33 | |
R K SWAMY IPOL@250 (-13.19%) | 288 | -- | 288 (0.00%) | ₹423.56 Cr | 50 | 4-Mar to 6-Mar | 7-Mar | 12-Mar | 12-Mar 9:32 | |
Mukka Proteins IPOL@40 (42.86%) | 28 | 35 | 63 (125.00%) | ₹224.00 Cr | 535 | 29-Feb to 4-Mar | 5-Mar | 7-Mar | 7-Mar 8:28 | |
M.V.K. Agro Food NSE SMEL@79 (-34.17%) | 120 | -- | 120 (0.00%) | ₹65.88 Cr | 1200 | 29-Feb to 4-Mar | 5-Mar | 7-Mar | 7-Mar 8:31 | |
Bharat Highways InvIT IPO[email protected] (1.10%) | 100 | 2 | 102 (2.00%) | ₹2500.00 Cr | 150 | 28-Feb to 1-Mar | 6-Mar | 12-Mar | 12-Mar 9:26 | |
Purv Flexipack NSE SMEL@260 (266.20%) | 71 | 130 | 201 (183.10%) | ₹40.21 Cr | 1600 | 27-Feb to 29-Feb | 1-Mar | 5-Mar | 5-Mar 7:58 | |
Platinum Industries IPOL@225 (31.58%) | 171 | 87 | 258 (50.88%) | ₹235.32 Cr | 87 | 27-Feb to 29-Feb | 1-Mar | 5-Mar | 5-Mar 8:03 |
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.