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IPO Grey Market Premium (February, 2020 Messages)

IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. The deals are usually facilitated by the broker in neighborhood. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange.

IPO Grey Market Premium (IPO GMP) is the premium at which the IPO shares are traded in the grey market. Kostak Rate is the rate at which you can sell the IPO application for a fixed price irrespective to you get IPO allotment or not.

Note: The messages express the views of the author of the message. We do not actively monitor the contents of posted messages on this forum. We are not responsible for the contents of any messages posted. Do not vouch for or warrant the accuracy, completeness or usefulness of any message.

This page shows the archived IPO Grey Market Messages received in February, 2020

Current IPO Grey Market Premium in India  Grey Market FAQs


IPO Grey Market Discussion

February, 2020 Messages

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Uchit Patel
10. Uchit Patel  Feb 26, 2020 13:48 I Like It. | Report Abuse
- SBI Cards IPO

Lots of fancy talk is going on and investors are very excited about this IPO. Investors believed good earning in near future.

No peers available in India to compare. In foreign countries it is hard to compare apple to apple. I tried my best to do some research.


Some of my concerns:
- Asking price is very high. Asking price is about 45 times of EPS.
If we compare with major parent companies VISA, MASTER, AMERICANEX, DISCOVER then they are available at P/E from 15 to 38. These companies have monopoly in cards business. Anyone wants to issue card (credit or debit) then they needs to go with these parent companies.
If we compare with major world banks or financial institutes BofA, JP Morgan CHASE, Citi, CapitalOne, Barklays who are in credit card business then they are available at P/E from 8 to 15.

- Issue is very big. Enough stock is available for trading on listing day.

- FII knows credit card business from world and other world peers are available at low price.

- Credit card business is risky. SBI cards growth is very high. Very high risk. Chances are more to get defaulters.

- Only dependency on DII after listing.

- Grey market premium looks very high.

Conclusion:

- Apply with your own money. Don't get external finance. Don't expect much listing gain. Apply one lot in retail category. Chances are more in retail category.
D Pandey
10.2. D Pandey  Mar 16, 2020 17:18 I Like It. | Report Abuse
Kudos to Uchit Sir. Thank you very much.

Your prediction is right for this ipo. I don't know it is because of corona effect or your advice I saved my money by not applying this ipo.

Though gmp of more than 300 but you advised gmp is very high.
You gave very good comparison of international peers. Your prediction of enough stock is available on listing day because of huge ipo is right.

We need seniors like you in this group for good guidance.
MAHESH FWC FINANACE
10.3. MAHESH FWC FINANACE  Mar 22, 2020 19:23 I Like It. | Report Abuse
YOU ARE GREAT SIR ,I ADVICE TO MY ALL FRIEND OR CUSTOMER ,DONT APPLY THIS IPO ,,,
NILESH DOSHI
9. NILESH DOSHI  Feb 26, 2020 21:43 I Like It. | Report Abuse
Pls give right email of SBI for removing of unhold amount of ITI LTD shares
NILESH DOSHI
8. NILESH DOSHI  Feb 26, 2020 19:32 I Like It. | Report Abuse
This message has been removed by a moderator.
NILESH DOSHI
7. NILESH DOSHI  Feb 26, 2020 14:00 I Like It. | Report Abuse
MY SBI BANK NOT RELEASE HOLD AMOUT PLS LET ME KNOW WHAT IS THE PROCEDURE FOR REMOVING HOLD AMOUNT I VISIT IN BANK MANY TIME NO ONE HAVE ANY ANSWER PLS GUIDE ME WHAT CAN I DO
Prakash Manavadariya
6. Prakash Manavadariya  Feb 26, 2020 11:31 I Like It. | Report Abuse
SBI CARD TODAY'S GREY MARKET PREMIUM....
Leadinvest
5. Leadinvest  Feb 22, 2020 20:37 I Like It. | Report Abuse
Premium and form price please
SHARMI
4. SHARMI  Feb 21, 2020 11:07 I Like It. | Report Abuse
Please inform me that can I apply for two categories with one PAN No. (ie) Retail and Share holder category under 2 Lac each individually.

Thanking You

Sharmila T N
Madurai
Tamilnadu
DINESH SHARMA
4.1. DINESH SHARMA  Feb 22, 2020 07:25 I Like It. | Report Abuse
If you already hold share of SBI than you can apply in both category. It's your choice to bid minimum or maximum.
SHARMI
4.2. SHARMI  Feb 22, 2020 08:09 I Like It. | Report Abuse
Thank you for your valuable information.
DHARMENDRA SINGHAL
3. DHARMENDRA SINGHAL  Feb 19, 2020 19:08 I Like It. | Report Abuse
why alok industries price shown rs 19 today
Pooja Jain
2. Pooja Jain  Feb 12, 2020 12:10 I Like It. | Report Abuse
GMP on 12 Feb 2020

GMP: Rs 285/290 (all around buy)
Application: Rs 3500/3600
Subject to Rates : Rs 4100 (No trades)
A.DOSHI
2.1. A.DOSHI  Feb 12, 2020 23:30 I Like It. | Report Abuse
its a fake digit ma'm
gmp rate is 248 to between 252 only
Eagleye
1. Eagleye  Feb 3, 2020 18:20 I Like It. | Report Abuse
THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 31th January 2020)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Indian Railway Finance Corporation >>> DRHP date 17-Jan-20
2) Likhitha Infrastructure >>> DRHP date 13-Jan-20
3) Computer Age Management Services >>> DRHP date 09-Jan-20
4) Esaf Small Finance Bank >>> DRHP date 06-Jan-20
5) Apeejay Surrendra Park Hotels >>> DRHP date 31-Dec-19
6) UTI Asset Management Company >>> DRHP date 18-Dec-19
7) Rossari Biotech >>> DRHP date 18-Dec-19
8) Equitas Small Finance Bank >>> DRHP date 16-Dec-19
9) Home First Finance Company India >>> DRHP date 29-Nov-19
10) SBI Cards and Payment Services >>> DRHP date 26-Nov-19
11) Mukesh Trends Lifestyle >>> DRHP date 30-Sep-19

B) SEBI Approval *Received* *(within the past 5 months)*:

1) Easy Trip Planners >>> SEBI Approval 31-Jan-20
2) Puranik Builders >>> SEBI Approval 31-Jan-20
3) Montecarlo >>> SEBI Approval 28-Jan-20
4) Chemcon Speciality Chemicals >>> SEBI Approval 28-Jan-20
5) Burger King India >>> SEBI Approval 24-Jan-20
6) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
7) Route Mobile >>> SEBI Approval 24-Dec-19
8) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
9) Samhi Hotels >>> SEBI Approval 29-Nov-19
10) Indian Renewable Energy Development Agency >>> SEBI Approval 27-Sep-19
11) Shyam Steel Industries >>> SEBI Approval 20-Sep-19

C) SEBI Approval *Received* *(>5 months ago)*:

12) Bajaj Energy >>> SEBI Approval 30-Aug-19
13) Angel Broking >>> SEBI Approval 26-July-19
14) Annai Infra Developers >>> SEBI Approval 12-July-19
15) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
16) Powerica >>> SEBI Approval 07-June-19

D) SEBI Approval *Received* *(>8 months ago)*:

17) Penna Cement Industries >>> SEBI Approval 31-May-19
18) Emami Cement >>> SEBI Approval 15-May-19
19) Shriram Properties >>> SEBI Approval 09-Apr-19
20) T & T Infra >>> SEBI Approval 22-Mar-19
21) Coldex >>> SEBI Approval 15-Mar-19
22) Antony Waste Handling >>> SEBI Approval 08-Mar-19
23) Senco Gold >>> SEBI Approval 06-Mar-19
MAPatel
1.1. MAPatel  Feb 28, 2020 13:07 I Like It. | Report Abuse
where are you ?
Please share valuable information regarding this IPO
like gray prem., subscription in all category wise etc.....