GiftcityFinance.com will give you complete information about the Grey market premium of the new IPOs that have just opened in the market. You can find here IPO GMP TODAY, the Latest IPO Grey Market Premium 2024.
So many new IPOs have opened in the market, Live IPO
- Carraro India IPO
- Ventive Hospitality IPO
- Senores Pharmaceuticals IPO
- Unimech Aerospace IPO
Upcoming IPO in the Market
Live IPO GMP Today- Grey Market Premium Today
Check the latest IPO GMP 2024 with estimated listing gain, IPO Size, IPO base Price, Kotak rates, and subject to SAuda rates today.
| IPO Name | Price (₹) | GMP (₹) | Est Listing (₹) | IPO Size (₹ Cr) | Lot Size | Open Date | Close Date | BoA Date | Listing Date |
|---|---|---|---|---|---|---|---|---|---|
| Unimech Aerospace IPO | 785 | 510 | 1295 (64.97%) | ₹500.00 Cr | 19 | 23-Dec | 26-Dec | 27-Dec | 31-Dec |
| Senores Pharmaceuticals IPO | 391 | 230 | 621 (58.82%) | ₹582.11 Cr | 38 | 20-Dec | 24-Dec | 26-Dec | 30-Dec |
| Ventive Hospitality IPO | 643 | 54 | 697 (8.40%) | ₹1600.00 Cr | 23 | 20-Dec | 24-Dec | 26-Dec | 30-Dec |
| Carraro India IPO |
704 | — | 704 (0.00%) | ₹1250.00 Cr | 21 | 20-Dec | 24-Dec | 26-Dec | 30-Dec |
| Mobikwik IPO | 279 | ₹149 | ₹428 (53.41%) | ₹572.00 Cr | 53 | 11- Dec | 13- Dec | 16- Dec | 18- Dec |
| Vishal Mega Mart IPO |
₹78.00 | ₹21 | ₹99 (28.21%) | ₹8,000.00 Cr | 190 | 11- Dec | 13- Dec | 16- Dec | 18- Dec |
| Rosmerta Digital Services BSE SME | 147 | 22 | 169 (14.97%) | ₹206.33 Cr | 1000 | 4-Dec | |||
| Purple United Sales NSE SME | 126 | — | 126 (0.00%) | ₹32.81 Cr | 1000 | 11-Dec | 13-Dec | 16-Dec | 18-Dec |
| Jungle Camps India BSE SME | 72 | 75 | 147 (104.17%) | ₹29.42 Cr | 1600 | 10-Dec | 12-Dec | 13-Dec | 17-Dec |
| Dhanlaxmi Crop Science NSE SME | 55 | 20 | 75 (36.36%) | ₹23.80 Cr | 2000 | 9-Dec | 11-Dec | 12-Dec | 16-Dec |
| Emerald Tyre Manufacturers NSE SME | 95 | 95 | 190 (100%) | ₹49.26 Cr | 1200 | 5-Dec | 9-Dec | 10-Dec | 12-Dec |
| Nisus Finance Services BSE SME | 180 | 60 | 240 (33.33%) | ₹114.24 Cr | 800 | 4-Dec | 6-Dec | 9-Dec | 11-Dec |
| Property Share InvIT IPO | 1050000 | — | — | ₹352.91 Cr | 1 | 2-Dec | 4-Dec | 5-Dec | 9-Dec |
| Ganesh Infraworld NSE SME | 83 | 78 | 161 (93.98%) | ₹98.58 Cr | 1600 | 29-Nov | 3-Dec | 4-Dec | 6-Dec |
What is GMP (Grey Market Premium)?
The Grey Market Premium (GMP) refers to the premium at which shares of an upcoming IPO (Initial Public Offering) are traded in the grey market before their official listing. This unofficial market reflects investor sentiment and subscription trends. A higher GMP indicates strong demand for the IPO, while a lower or negative GMP suggests weaker demand.
If an IPO is in high demand but the share supply is limited, buyers may be willing to pay a premium over the IPO issue price to secure shares in advance. For example, if someone offers an additional ₹10 per share over the IPO price, that ₹10 is the GMP. However, not all IPOs command a premium; shares with low demand may even trade at a discount in the grey market.
Key Takeaways:
- High GMP often indicates positive market sentiment and potential listing gains.
- Low or Negative GMP suggests caution, reflecting weaker demand or less interest.
- GMP Accuracy: While helpful, GMP is not always a reliable predictor of listing performance. The grey market is unofficial and prone to price manipulation.
How to Calculate Grey Market Premium
Once you understand GMP, you can use it to assess an IPO’s potential. GMP is calculated as the difference between the grey market price and the IPO issue price.
The formula for GMP Calculation:
GMP Value = (Grey Market Price – Issue Price) * Number of Shares
For a percentage calculation:
GMP Percentage = (GMP ÷ Issue Price) × 100
Example:
- Issue Price: ₹100 per share
- Grey Market Price: ₹102 per share
- GMP Value: ₹102 – ₹100 = ₹2
- GMP Percentage: (2 ÷ 100) × 100 = 2%
If the shares are trading at a premium, it indicates strong demand. Conversely, trading at a discount suggests lukewarm interest.
Note: While GMP can give a rough idea of potential listing performance, it should not be the sole factor in investment decisions. The grey market is unofficial and operates outside regulatory oversight.
What is Kostak Rate?
The Kostak Rate refers to the price at which full IPO applications are traded in the grey market. Unlike GMP, which relates to individual shares, Kostak is the premium or discount offered for buying or selling the entire IPO application. The Kostak rate depends heavily on the likelihood of share allotment.
For example, if an investor wants to sell their IPO application before allotment, they can do so at a Kostak rate. If demand is high, Kostak rates will reflect that premium.
Conclusion
While the grey market provides useful insights into IPO demand through metrics like GMP and Kostak rates, it operates outside official regulations. Investors should use GMP as an indicator of market sentiment but approach it with caution. Ultimately, GMP can help gauge potential listing gains but may not always predict actual performance. Make informed decisions by combining GMP insights with other financial analysis tools.
IPO GMP FAQs
What is IPO GMP (Grey Market Premium)?
IPO GMP, or Grey Market Premium, refers to the unofficial premium at which shares of an IPO are traded before they are officially listed on the stock exchange. It reflects the market’s perception of the IPO’s potential demand and valuation. A higher GMP often indicates strong investor interest.
What is the Kostak Rate?
Kostak Rate is the fixed price paid by a buyer to an IPO applicant, regardless of whether the applicant gets the IPO allotment. Essentially, it ensures a guaranteed profit for the applicant, even if they don’t receive shares in the IPO.
What is “Subject to Sauda”?
“Subject to Sauda” refers to an agreement where a buyer promises to pay a specific price to the IPO applicant only if they receive an allotment. The agreed-upon rate is settled based on the deal terms.
What Happens if the GMP is High?
A high GMP signals strong demand for the IPO shares, potentially indicating a premium listing price. However, it’s important to note that GMP is not an official metric and doesn’t directly influence the IPO’s actual listing price.
How Does GMP Affect the IPO Listing Price?
While the GMP reflects market sentiment, it does not directly impact the IPO’s listing price. The grey market operates unofficially, outside regulatory oversight, and is not part of the formal IPO pricing process.
Is GMP a Reliable Indicator for IPO Performance?
GMP can provide insights into market sentiment but is not a foolproof indicator of an IPO’s performance. Grey market participants often include retail investors, whose assessments may not always align with actual market outcomes.
How is GMP Calculated?
GMP is determined based on investor sentiment, subscription levels, and demand trends. It is an informal figure shaped by market buzz and expectations rather than any official metrics.
Disclaimer
The Grey Market Premium (GMP) estimates provided are time-sensitive and subject to change without notice.
We do not engage in or facilitate the buying or selling of IPO applications in the grey market.
Please note that actual IPO listing prices may vary significantly from the estimated GMP due to market fluctuations.
All GMP rates mentioned are intended for educational purposes only. Investors should not rely solely on premium prices when making IPO subscription decisions. Instead, thoroughly evaluate the company’s fundamentals before subscribing to an IPO.