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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 September, 2019
Current IPO Grey Market Premium in India Grey Market FAQs
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30th Sept - Offer Opens
03rd Oct - Offer Closes
09th Oct - Finalisation of Basis of Allotment
10th Oct - Unblocking of ASBA Accounts
10th Oct - Credit of Equity Shares to Depository Accounts
14th Oct - Commencement of Trading
IRCTC IPO - Issue Information *(FINAL)*
Issue Opens on: 30 September 2019
Issue Closes on: 03 October 2019
Issue Type: Book Built Issue IPO
Issue Size: 2,01,60,000 Equity Shares
Face Value: Rs.10/- per Equity Share
Issue Price: Rs.315 - Rs.320 per Equity Share (Discount of Rs.10 to Retail & Employees)
Market Lot: 40 shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 160,000,000 Equity Shares
Offer for Sale of 2,01,60,000 Equity Shares @320 = Rs.637.96 Crores
Equity Shares outstanding after the Issue = 160,000,000 Equity Shares
Category-wise Break up:
QIB - 1,00,00,000 Shares = 320.00Crs
NII - 30,00,000 Shares = 96.00Crs
RII - 70,00,000 Shares = 217.00Crs (Lot size: 40 = 1,75,000 Forms)
Empl. - 1,60,000 Shares = 4.96Crs
Total Issue - 2,01,60,000 Equity Shares = 1200.94Crs.
Subscription required for 1X
RII = 1,75,000 Forms
NII = 96.00Crs
Interest cost @7.5%p.a. for 7days = 46.03paise for 1X
IRCTC IPO - Financial Information (Basis of Valuation)
EPS for FY16-17 >>> Rs.14.32 (Page #78 of RHP)
EPS for FY17-18 >>> Rs.13.79 (Page #78 of RHP)
EPS for FY18-19 >>> Rs.17.04 (Page #78 of RHP)
RoNW for FY16-17 >>> 29.12% (Page #79 of RHP)
RoNW for FY17-18 >>> 23.11% (Page #79 of RHP)
RoNW for FY18-19 >>> 26.14% (Page #79 of RHP)
NAV as on March 31, 2019 was Rs.65.18 (Page #79 of RHP)
Listed Industry Peer Group (Page #79 of RHP): NONE