IPO Grey Market Premium (April, 2018 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 April, 2018

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April, 2018 Messages

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30. Eagleye Apr 27, 2018 17:21

IndoStar IPO - Schedule (Pg #377 of RHP)
02nd May - Price Band to be Announced
08th May - Anchor List
09th May - Offer Opens
11th May - Offer Closes
16th May - Finalisation of Basis of Allotment
17th May - Unblocking of ASBA
18th May - Credit to Demat Accounts
21st May - Listing on NSE & BSE

IndoStar IPO - Issue Information *(TENTATIVE)*

Issue Opens on: 09 May 2018
Issue Closes on: 11 May 2018
Issue Type: Book Built Issue IPO
Issue Size: 3,07,69,231 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.640 - Rs.650 per Equity Share
Market Lot: 23 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 7,89,01,199 Equity Shares
Offer for Sale of 2,00,00,000 Equity Shares @650 = Rs.1300 Crores
Fresh Issue of 1,07,69,231 Equity Shares @650 = Rs.700 Crores
Equity Shares outstanding after the Issue = 8,96,70,430 Equity Shares

Category-wise Break up:.
Anchor - 92,30,769 Shares = 600Crs
QIB - 61,53,846 Shares = 400Crs
NII - 46,15,385 Shares = 300Crs
RII - 1,07,69,231Shares = 700Crs (Lot size: 23 = 4,68,227 Forms)

Total Issue - 3,07,69,231 Equity Shares = 2,000Crs.

Subscription required for 1X
RII = 4,68,227 Forms
NII = 300Crs

Interest cost @5%p.a. for 7days = 62.33paise for 1X

IndoStar IPO - Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.21.43 (Page #117 of RHP)
EPS for FY15-16 >>> Rs.26.41 (Page #117 of RHP)
EPS for FY16-17 >>> Rs.26.31 (Page #117 of RHP)
EPS for 9M17-18 >>> Rs.18.82 (Page #117 of RHP)

RoNW for FY14-15 >>> 11.08% (Page #118 of RHP)
RoNW for FY15-16 >>> 12.43% (Page #119 of RHP)
RoNW for FY16-17 >>> 11.60% (Page #119 of RHP)
RoNW for 9M17-18 >>> 07.90% (Page #119 of RHP)

NAV as on December 31, 2017 was Rs.263.96 (Page #119 of RHP)

Peer Group (Page #120 of DRHP):
L&T Finance Holdings
Piramal Enterprises
Aditya Birla Capital
Capital First
Shriram Transport Finance Co.
Sundaram Finance
Cholamandalam Investment and Finance Co.
Repco Home Finance

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30.2. Eagleye Apr 27, 2018 17:53

Subscription Expected
RII = 12L Forms = 2.56X Applic. wise (Avg allotment of ~9 shares per lot)
NII = 24K Crs. = ~80X

Interest cost @5%p.a. for 7days = 62.33paise for 1X

Thus, for NII the costing = 80 X 62.33 paise = Rs.50/- per share (GMP)

And, for RII the costing = 50/- X 9 = Rs. ~450/- (Kostak)

30.3. satish krs Apr 27, 2018 22:10

Thanks eagleye........

29. SAJAL SHETH Apr 25, 2018 10:04

**** NOTE ****

REAL EAGLEYE is
Eagleye (9583)
Eagleye (9583)
Eagleye (9583)

Beware

28. Eagleye Group Apr 23, 2018 21:24

This message has been removed by a moderator.

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28.2. Eagleye Apr 24, 2018 06:57

Caveat Emptor ...

I have nothing to do with this group

Buyer Beware ...

28.3. MANU AGGARWAL Apr 24, 2018 10:24

Thanks for Reply real eagleye....Fake get Exposed........
Very sad that people are so cunning that they can go any way to deceit small innocent investors.....

CA Manu

27. Eagleye Apr 24, 2018 06:55

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE (Status as on 20th April 2018)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Crystal Crop Protection >>> DRHP date 04-Apr-18
2) Genius Consultants >>> DRHP date 29-Mar-18
3) Dinesh Engineers >>> DRHP date 28-Mar-18
4) Varroc Engineering >>> DRHP date 28-Mar-18
5) Rail Vikas Nigam >>> DRHP date 28-Mar-18
6) Mazagon Dock Shipbuilders >>> DRHP date 28-Mar-18
7) IRCON International >>> DRHP date 27-Mar-18
8) Garden Reach Shipbuilders & Engineers >>> DRHP date 26-Mar-18
9) K P R Agrochem >>> DRHP date 26-Mar-18
10) Atria Convergence Technologies >>> DRHP date 26-Mar-18
11) HDFC AMC >>> DRHP date 14-Mar-18
12) Nekkanti Sea Foods >>> DRHP date 12-Mar-18
13) Devi Seafoods >>> DRHP date 05-Mar-18
14) TCNS Clothing Co. >>> DRHP date 26-Feb-18
15) Sandhya Marines >>> DRHP date 24-Feb-18
16) SembCorp Energy India >>> DRHP date 22-Feb-18
17) John Energy >>> DRHP date 15-Feb-18
18) Flemingo Travel Retail >>> DRHP date 15-Feb-18
19) Fine Organic Industries >>> DRHP date 07-Feb-18
20) Nazara Technologies >>> DRHP date 31-Jan-18
21) CreditAccess Grameen >>> DRHP date 24-Jan-18
22) Route Mobile >>> DRHP date 22-Jan-18
23) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17
24) Srei Equipment Finance >>> DRHP date 28-Nov-17

B) SEBI Approval *Received* *(within the past 4 months)*:

1) Nazara Technologies >>> SEBI Approval 20-Apr-18
2) Capricorn Food Products India >>> SEBI Approval 12-Apr-18
3) IndoStar Capital Finance >>> SEBI Approval 03-Apr-18
4) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
5) Patel Infrastructure >>> SEBI Approval 05-Mar-18
6) RITES >>> SEBI Approval 20-Feb-18
7) Indian Renewable Energy Development Agency >>> SEBI Approval 16-Feb-18
8) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18

C) SEBI Approval *Received* *(>4 months ago)*:

9) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
10) CMS Info Systems >>> SEBI Approval 30-Nov-17
11) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
12) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
13) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
14) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17

26. Ipo tracker Apr 23, 2018 16:29

The initial public offering (IPO) market is gearing up for a burst of activity, with at least 12 companies planning to raise more than Rs17,000 crore over the next two months, after a quiet start to the June quarter.
Experts attributed the introduction of the new Indian accounting standards (IndAS) as one of the reasons why IPO-bound companies have not approached the market so far this quarter.
"Companies now have to move to the IndAS from the Indian GAAP (generally accepted accounting principles). So, for the fresh numbers that companies will put in the documents, they have to be audited under the IndAS and also the past stated numbers have to be stated according to the IndAS," said Girish Nadkarni, managing director at Motilal Oswal Investment Advisors Pvt. Ltd. "That is taking some time which is why you are seeing less activity post-March."

25. ABHAYOBEROI Apr 23, 2018 15:54

I HAVE SHARES IN BROKER'S DP , POA IS GIVEN.I AM TRADING DAILY.
DO I HAVE ANY RISK IF BROKERS GOES DEFAULT...PLS COOMENT....

24. ABHAYOBEROI Apr 23, 2018 15:51

WHAT DOES TRANSIT SHARES MEANS......

23. Vadher meera Apr 16, 2018 11:25

Any IPO this month??

23.1. Kichhi Apr 16, 2018 17:51

HDFC SECURITIES NEXT IPO

22. Mukeshkr Apr 12, 2018 18:29

HLA 24 share are allocated @1190

What i am do sale or hold

21. ChitChat Apr 12, 2018 17:50

have metropolitan stock exchange share
is any one interested then let me know

20. Annonyamas Apr 12, 2018 17:48

I have metropolitan stock exchange share
is any one interested then let me know

19. dpcdsl Apr 7, 2018 14:11

When brokers go bankrupt

Last week, two discount brokers (F6 Finserve & Ficus Securities) were declared as defaulters by SEBI. Some clients have lost their transit shares to this bankruptcy. These brokers were aggressively advertising their Zero Brokerage plans. In fact one of them was giving a tablet free if you open an account.

Be careful of free lunches.
Please be careful if something is being offered free. These discount brokers use your transit shares to offer margin funding to their high trading clients. This can get really risky when markets fall sharply. Most discount brokers started after 2012 and are yet to see a bad cycle. Two of the above got bankrupt in the recent fall.

Penny wise, pound foolish?
Your decision to save a few bucks on brokerage could end up jeopardizing your stock holdings. Zerodha and RKSV are India's largest discount brokers and offer attractive schemes. Please do your due diligence before you or your friends get attracted to discount brokers.

Load more comments (6 replies)

19.1. BGRJVB Apr 9, 2018 22:31

Thanks for the sharing. But What are transit shares. Should i be careful for my shares lying in Zerodha Dmat. My shares are not offered for any funding. Just shares lying in zerodha account for investment purpose. Kindly suggest. Thanks.

19.2. dpcdsl Apr 10, 2018 15:50

You have to monitor each and every movement of shares in your demat account, whether as per your trade or not. SMS Alert facility must be availed. Create login for EASI online view of holding and transaction at https://web.cdslindia.com/easieasiest/
Mobile app also available for 'easi' service with same login id. All these are free of charge.

Any unwanted movement of shares must be questioned and if no satisfactory reply obtained and/or any malpractice found, email be sent immediately to complaints@cdslindia.com and/or post at https://www.cdslindia.com/investors/grievances.aspx immediately.

Balance confirmation are sent by BSE and NSE through SMS and email, that should also be monitored for fund balances.

19.3. BGRJVB Apr 10, 2018 16:22

Thank you so much DPCDSL. Already availed the same and have access to view Easi-CDSL. But my question is in case of bankruptcy problem, when you do not find shares in your cdsl account, who will be their to address clients concerns

19.4. dpcdsl Apr 11, 2018 00:55

if shares are in your demat a/c, you shall not be impacted by their bankruptcy. CDSL shall hold those shares and shall service you if DP is closed or not serving.

But if the shares are taken by them in their a/c by virtue of POA, you shall be impacted, if they go bust or bankrupt.

19.5. BGRJVB Apr 11, 2018 16:36

Thank you so much DPCDSL for you guidance. Just a followup question. While opening dmat account they generally ask for signature to give them POA so that they can execute our sell or buy orders, Does this means that they have power to sell or transfer our shares which are lying with CDSL. Thx in advance. Best Regds

19.6. dpcdsl Apr 11, 2018 23:20

Through POA broker has power to give instruction to DP on clients behalf for pay-in and transfer to their margin account. By both the means shares are transferred from client's a/c to brokers a/c.

The safe way is transfer shares to broker's pool or margin a/c only when the same is sold, electronically through "EASIEST". Broker may ask for margin which is 10% to 20% only for executing sell order which can be given to broker as fund or though margin shares.

Broker insist on POA but they can not make it mandatory as the same is violation of SEBI guidelines. If POA already given the same may be revoked by giving request letter to DP.

19.7. BGRJVB Apr 11, 2018 23:52

Thank you so much DPCDSL. Really appreciate your help. I hope it will be useful for many other readers as well. Thanks once again. Kind Regards.

19.8. Dhulev Apr 17, 2018 15:34

Very useful and educative info. I agree with your post. I have never fallen for the POA trap. Most investor have lost money on the POA route. I invest (I do not trade) through Website or the mobile app but never allowed the agents of my broker (a giant listed bank) to trade on my behalf. They stop talking to me when I refuse to allow to trade on my behalf. I didn't know that shares in transit are used by some of the discount brokers as margin. Thanks for educating.

18. UVES Apr 11, 2018 10:44

dear sir,
i want information about kostak price and subject to sauda
where i can give my application to other and how can i get MONEY form kostak price and SS.

17. nilesh mehta Apr 10, 2018 19:24

Mmp subject to and Grey Market premium please???

16. Eagleye Apr 10, 2018 12:52

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE (Status as on 06th April 2018)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Crystal Crop Protection >>> DRHP date 04-Apr-18
2) Genius Consultants >>> DRHP date 29-Mar-18
3) Dinesh Engineers >>> DRHP date 28-Mar-18
4) Varroc Engineering >>> DRHP date 28-Mar-18
5) Rail Vikas Nigam >>> DRHP date 28-Mar-18
6) Mazagon Dock Shipbuilders >>> DRHP date 28-Mar-18
7) IRCON International >>> DRHP date 27-Mar-18
8) Garden Reach Shipbuilders & Engineers >>> DRHP date 26-Mar-18
9) K P R Agrochem >>> DRHP date 26-Mar-18
10) Atria Convergence Technologies >>> DRHP date 26-Mar-18
11) HDFC AMC >>> DRHP date 14-Mar-18
12) Nekkanti Sea Foods >>> DRHP date 12-Mar-18
13) Devi Seafoods >>> DRHP date 05-Mar-18
14) TCNS Clothing Co. >>> DRHP date 26-Feb-18
15) Sandhya Marines >>> DRHP date 24-Feb-18
16) SembCorp Energy India >>> DRHP date 22-Feb-18
17) John Energy >>> DRHP date 15-Feb-18
18) Flemingo Travel Retail >>> DRHP date 15-Feb-18
20) Fine Organic Industries >>> DRHP date 07-Feb-18
21) Capricorn Food Products India >>> DRHP date 06-Feb-18
22) Nazara Technologies >>> DRHP date 31-Jan-18
23) CreditAccess Grameen >>> DRHP date 24-Jan-18
24) Route Mobile >>> DRHP date 22-Jan-18
25) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17
26) Srei Equipment Finance >>> DRHP date 28-Nov-17

B) SEBI Approval *Received* *(within the past 6 months)*:

1) IndoStar Capital Finance >>> SEBI Approval 03-Apr-18
2) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
3) Patel Infrastructure >>> SEBI Approval 05-Mar-18
4) RITES >>> SEBI Approval 20-Feb-18
5) Indian Renewable Energy Development Agency >>> SEBI Approval 16-Feb-18
6) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
7) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
8) CMS Info Systems >>> SEBI Approval 30-Nov-17
9) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
10) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
11) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
12) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17

16.1. dr vyas Apr 10, 2018 18:10

Dear eagleye
What about mmp sme ipo
Gmp?
Listing expected.?
Pl tell me

15. dr vyas Apr 10, 2018 11:01

Mmp subjects to price ..?

14. dr vyas Apr 10, 2018 11:00

Mmp allotment out

13. Padali srinivasan Apr 4, 2018 20:39

Dear friends,
132. Padali srinivasan Apr 4, 2018 1:53:15 PM IST I Like It. 2 | Report Abuse
Government is coming out without next set of four PSU IPOs. Pl do not apply at all.
All our PSU are created by nehru for value addition.
This government is targeting at destruction of people's wealth.
See the value of NEW INDIA, GIC, BDL, HAL and MISHRA DHATU.
How many crores got destroyed. Pl send this message to all your friends and relatives so that our wealth is protected
REGARDS

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13.3. dpcdsl Apr 7, 2018 20:26

Has BJP govt. taken money in their pocket? Non sense!

Fund raised through disinvestment comes to exchequer and being spent as per budget requirements. By disinvestment general public become able to invest directly in PSU.

Most important thing is that on listing company's information become transparent and available in public domain.

In spite of high pricing of PSU companies, discount rate is less than that of many private companies in last few months.

13.4. ANKITDEVIL Apr 9, 2018 01:41

mr Padali u r right this gov. suck all money from market through all gov. IPO

12. Kichhi Apr 6, 2018 17:08

KARDI CONSTRUCTION TODAY AT UC.

12.1. dpcdsl Apr 7, 2018 20:12

Karda not Kardi.
UC on 06/04/18 was 173.45 and touched high only @171.90 in BSE and 170.75 in NSE, both were opening price.

11. Kichhi Mar 29, 2018 13:25

LIGHTNING FAST ALLOTMENT BY ICICI SECURITIES .WITHIN 3 DAYS OF CLOSING..
DO NOT SELL ON LISTING. wait for the announcment of enabling of sme shares trading which may come during the year. SME shares are of minimum value more than 1lakh. Hence will boost their Brokerage Revenues.

11.1. Kichhi Apr 5, 2018 22:02

As expected mail received from icicidirect that from tommorow trading in SME segment is allowed. a Big Positive for ICICI Securities AS THE MINIMUM DEALING in SME segment is over 1.5 lakhs and ICICI securities Brokerage charges are very high.

10. Vadher meera Apr 5, 2018 14:06

Any upcoming IPO... Which date??

9. nilesh mehta Apr 5, 2018 06:54

Hello.... I want to know the subscription data of Mmip (sme iPo) and it's Grey Market premium and interest

8. Padali srinivasan Apr 4, 2018 20:38

132. Padali srinivasan Apr 4, 2018 1:53:15 PM IST I Like It. 2 | Report Abuse
Government is coming out without next set of four PSU IPOs. Pl do not apply at all.
All our PSU are created by nehru for value addition.
This government is targeting at destruction of people's wealth.
See the value of NEW INDIA, GIC, BDL, HAL and MISHRA DHATU.
How many crores got destroyed. Pl send this message to all your friends and relatives so that our wealth is protected

Regards

7. chirag pharmacist Apr 4, 2018 08:23

Pls advice me what price should mishra dhatu listing...
Any idea. I have 22 application.
Pls pls who have any idea reply fast.

7.1. D S patel Apr 4, 2018 08:49

Chirag mishra dhatu sale in pri opening sedation

6. Vishh Apr 2, 2018 14:12

anyone tracking Lex Nimble Solution GMP/D?

5. B K SHARMA Apr 2, 2018 10:26

All IPOs are not paying. It is the time to take care of your capital only. Profit is not sure.

4. IPO GRUP Apr 2, 2018 00:38

New gmp 52 100℅℅℅ ...so market defenataliy pay 400 +++++
Ans KARDA IS 200 ++. LISTING UC DEFINITELY
BSE ???? NSE

3. IPO GRUP Apr 2, 2018 00:25

K A R D A / LISTING 200 + DEFINET PLEASE NOT PENIC
AND
SANDHAR 400+.
EXPECTED 408 TO 415 IN HOPE
BEST OF ALL BOTH ALLOTY
,,@

2. Knowledge Share Mar 27, 2018 16:14

Once again
It is not you or me decide price on NSE screen

But speculator common price as per their game which is evident from Bandhan Bank listing where nobody asked for GMP of Rs. 100.

So avoid your price but follow speculators.

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2.4. Knowledge Share Apr 1, 2018 08:36

Dear Manu

Agreed

2.5. MANU AGGARWAL Apr 1, 2018 16:35

Appreciate...nice

1. Nakp Mar 31, 2018 19:41

Sandbar g/p i's only 3

1.1. eisco Apr 1, 2018 09:17

SANDHAR PRIMIUM???

1.2. Srinivas munupally Apr 1, 2018 14:09

you didn"t alloted ?

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