grey market premium today ipo grey market premium GMP
Market Undercurrent
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Updated @ 9.30 am on December 25, 2024.
(Next update will at 10.30 am today)
Frequently Asked Questions:
GUPSHUP of IPO-MARKET
Strong Sensex today will have bullish impact on Grey market. Subject to and applications are in most of the mainboard IPOs show uptrend.
Technichem Organics, Ahmedabad based company with strong profitability. IPO is lead managed by Shreni Shares ltd. Offer price very reasonable. Small IPO, Rajkot traders anticipate solid premium fancy and suggest to accumulate once the trade starts.
Indofarm Equipments IPO. Premium rates are now live
Dam in focus. Strong listing anticipated by Mumbai traders.
Sanathan Textile and Transrail premium shoot up today morning. Strong listing anticipated by Rajkot traders.
Mamata Machinery, Premium rangebound. Less chance of allotment.
Unimech Aerospace: IPO Review
Premium to offer price ratio is now attractive. Further rise is not expected for two sessions. Premium to start uptrend from Monday afternoon
Ventive Hospitality, premium now stable but offer price considered costly, negligible listing gains anticipated.
Senores Pharma: Premium and subject to rates have steadily moved up
Newmalayalam Steel SME IPO: lead managed by Khandwala Securities; Rajkot traders anticipate strong fancy in the premium market for this IPO.
Identical Brains Studio SME IPO: GM players expect rangebound trend at this counter. Bumper listing expected.
- Main board IPO Subscription
- SME IPO Subscription
- SME Listing Estimates
- Mainboard IPO Listing Estimates
*Only website which provide “Application rates” अरजी बेचने खरीदने के भाव
*Subject to trades always stop on Allotment. After allotment, there are trades in Allotted Applications. Only we provide such “Rates for allotted Applications“
Leo Dry Fruits IPO GMP |
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GMP | Sub2 | Allotted |
| Not yet | ||||
| Upcoming | ||||
| Price Rs 52 Lot 2000 |
– | |||
| Open 01.01.2025 Close 03.01.2025 |
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| Al 06.01.2025 List: 08.01.2025 |
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Indofarm IPO GMP |
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GMP | – | – |
| 22 | – | – | ||
| Upcoming IPO |
Appli. | Sub2 | ||
| Price Rs 215 Lot 69 | Retail- | – | – | |
| Open 31 Dec 2024 Close 02 Jan 2025 |
Small HNIs | – | – | |
| Al 03 Jan 2025 List: 07 Jan 2025 |
Big HNIS | – | – | |
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Technichem Organics IPO GMP |
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GMP | Sub2 | Allotted |
| Not yet | ||||
| Upcoming | ||||
| Price Rs 55 Lot 2000 |
– | |||
| Open 31.12.2024 Close 02.01.2025 |
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| Al 03.01.2025 List: 07.01.2025 |
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Citichem India IPO GMP |
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GMP | Sub2 | Allotted |
| Not yet | ||||
| Upcoming | ||||
| Price Rs 70 Lot 2000 |
– | |||
| Open 27.12.2024 Close 31.12.2024 |
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| Al 1.01.2025 List: 3.01.2025 |
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Anya Polytech IPO GMP |
|
GMP | Sub2 | Allotted |
| 4 | Not yet | |||
| Upcoming | ||||
| Price Rs 14 Lot 10000 |
– | |||
| Open 26.12.2024 Close 30.12.2024 |
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| Al 1.01.2025 List: 2.01.2025 |
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Unimech Aerospace IPO GMP |
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GMP | – | – |
| 510 | – | – | ||
| IPO is open |
Appli. | Sub2 | ||
| Price Rs 785 Lot 19 | Retail- | 300 | 61000 | |
| Open 23 Dec 2024 Close 26 Dec 2024 |
Small HNIs | 2500 | 84000 | |
| Al 27 Dec 2024 List: 31 Dec 2024 |
Big HNIS | 2500 | 84000 | |
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Senores Pharma IPO GMP |
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GMP | – | – |
| 230 | – | – | ||
| Allotment on 26 Dec |
Appli. | Sub2 | ||
| Price Rs 391 Lot 38 | Retail- | 200 | 6200 | |
| Open 20 Dec 2024 Close 24 Dec 2024 |
Small HNIs | close | 84000 | |
| Al 26 Dec 2024 List: 30 Dec 2024 |
Big HNIS | 5200 | 84000 | |
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Ventive Hospitality IPO GMP |
 |
GMP | – | – |
| 72 | – | – | ||
| Allotment om 26 Dec |
Appli. | Sub2 | ||
| Price Rs 643 Lot 23 | Retail- | closed | 1300 | |
| Open 20 Dec 2024 Close 24 Dec 2024 |
Small HNIs | – | 17000 | |
| Al 26 Dec 2024 List: 30 Dec 2024 |
Big HNIS | 4000 | 13000 | |
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Carraro India IPO GMP |
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GMP | – | – |
| – | – | – | ||
| Allotment on 26 Dec |
Appli. | Sub2 | ||
| Price Rs 704 Lot 21 | Retail- | 2000 | ||
| Open 20 Dec 2024 Close 24 Dec 2024 |
Small HNIs | – | ||
| Al 26 Dec 2024 List: 30 Dec 2024 |
Big HNIS | closed | ||
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Sanathan Textile IPO GMP |
 |
GMP | – | – |
| 90 | – | – | ||
| Allotment Announced |
Appli. | Sub2 | ||
| Price Rs 321 Lot 46 | Retail- | 300 | 3100 | |
| Open 19 Dec 2024 Close 23 Dec 2024 |
Small HNIs | – | 43400 | |
| Al 24 Dec 2024 List: 27 Dec 2024 |
Big HNIS | 4700 | 43400 | |
Concord Enviro IPO GMP |
 |
GMP | – | – |
| 75 | – | – | ||
| Allotment Announced |
Appli. | Sub2 | ||
| Price Rs 701 Lot 21 | Retail- | 200 | 1200 | |
| Open 19 Dec 2024 Close 23 Dec 2024 |
Small HNIs | – | 16800 | |
| Al 24 Dec 2024 List: 27 Dec 2024 |
Big HNIS | 4400 | 16800 | |
DAM Capital IPO GMP |
 |
GMP | – | – |
| 170 | only buying | – | ||
| Allotment announced |
Appli. | Sub2 | ||
| Price Rs 283 Lot 53 | Retail- | 400 | 9000 | |
| Open 19 Dec 2024 Close 23 Dec 2024 |
Small HNIs | – | 98000 | |
| Al 24 Dec 2024 List: 27 Dec 2024 |
Big HNIS | 4500 | 98000 | |
Transrail Lighting IPO GMP |
 |
GMP | – | – |
| 194 | – | – | ||
| Allotment Announced |
Appli. | Sub2 | ||
| Price Rs 432 Lot 34 | Retail- | 350 | 5200 | |
| Open 19 Dec 2024 Close 23 Dec 2024 |
Small HNIs | – | 71000 | |
| Al 24 Dec 2024 List: 27 Dec 2024 |
Big HNIS | 4500 | 71000 | |
Mamata Machinery IPO GMP |
 |
GMP | – | – |
| 260 | – | – | ||
| Allotment announced |
Appli. | Sub2 | ||
| Price Rs 243 Lot 61 | Retail | 200 | 13000 | |
| Open 19 Dec 2024 Close 23 Dec 2024 |
Small HNIs | close | 178000 | |
| Al 24 Dec 2024 List: 27 Dec 2024 |
Big HNIS | closed | 178000 | |
NewMalayalam Steel IPO GMP |
 |
GMP | Sub2 | Allotted |
| 30 | 36500 | Not yet | ||
| Allotment Today |
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| Price Rs 90 Lot 1600 |
– | |||
| Open 19 .12.2024 Close 23 .12.2024 |
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| Al 24 .12.2024 List: 27.12.2024 |
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Identical Brains IPO GMP |
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GMP | Sub2 | Allotted |
| 40 | 60800 | Not yet | ||
| Credit of Shres |
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| Price Rs 54 Lot 2000 |
– | |||
| Open 18 .12.2024 Close 20 .12.2024 |
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| Al 23 .12.2024 List: 26.12.2024 |
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NACDAC Infrastructure IPO GMP |
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GMP | Sub2 | – |
| 50 | 152000 | – | ||
| Listed Rs. 66.50 |
Appli. | Sub2 | ||
| Price Rs 35 Lot 4000 | Retail | |||
| Open 17 Dec 2024 Close 19 Dec 2024 |
Small HNIs | |||
| Al 20 Dec 2024 List: 24 Dec 2024 |
Big HNIS | |||
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Quicklinks
Important 
# Information given on this post/page is only coverage of News related to Grey Market. We do not deal in today grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Movements in the grey market may not be based on any fundamental or other attractiveness of the IPO. It is based among other factors, on the estimate of oversubscription, interest-costs of the funds blocked, greediness of the IPO-applicants and also it may be affected by manipulations of the grey market operators/promoters.
# Investment decision based on Grey Market Premium can be faulty.
What is Grey market?
A Grey Market also know as a parallel market, is an unofficial stock and applications market.
In this market, the investors trade for shares or applications before the shares are officially listed for trading in the stock exchange. Trading in grey market stocks in India is done in cash and in person.
No third-party firms such as Stock Exchanges or SEBI back this transaction. Kostak and Grey Market Premium are the two well-known terms in the Initial Public Offering (IPO) Grey Market.
Grey markets in India have existed as a parallel market for stocks for a long time, and traders and investors verify their authenticity.
What is Grey market Premium?
Grey Market Premiu is popularly known as GMP. The amount at which the IPO shares are traded is known as grey market premium. The company’s stock that will come up with the IPO is bought and sold outside the stock market. The live grey market premium is believed to reflect how the IPO will react on its listing day.
Lets understand with an example
Let’s assume that the issue price of Stock WIN is Rs. 100. And the grey market premium is Rs. 300. This suggests that investors are ready to purchase the shares of Company WIN for Rs.400 (100+300).
What is Subject to rate in an IPO?
Subject to Sauda price is an extension to the IPO Kostak rate. In subject to sauda, the buyer of the application agrees to pay a fixed price against the IPO application only if the seller of the IPO application receives allotment in the IPO. The subject-to-Sauda rates are generally higher than the Kostak rates.
Considering the above example, the buyer of the applicant agrees to pay an additional Rs 4,000 for the entire application provided the IPO applicant receives the allotment.
In this case, if the applicant secures no allotment, the deal gets cancelled. However, if the IPO applicant receives the allotment the buyer of the IPO application pays Rs 4,000 as the premium. The seller of the applicant either passes the listing gains to the seller or shares to the buyer of the IPO application for Rs 11,500 (7,500 + 4,000).
Note: Rs 7,500 is the amount for 15 shares bought at Rs 500. Rs 4000 is the premium buyer paid for the entire application.
What is Kostak & Sauda rates?
The IPO Kostak price is an agreed-upon price at which IPO applications are sold and purchased, regardless of their allotment status. The Kostak Price is the fixed price paid by the buyer of the IPO Application to the seller of the IPO Application.
The Kostak rate is the price for the entire IPO application and not per share. It is a price mutually agreed between the buyer and seller.
For example, an investor has applied for 15 shares at Rs 500 in an IPO amounting to Rs 7500. Now there is another investor who is bullish about this upcoming IPO and agrees to pay Rs 1,000 as the premium to purchase the entire IPO application. In this case, the seller of the IPO application secures a fixed profit of Rs 1,000 irrespective of whether he secures an allotment or not.
If the seller receives allotment and the listing happens at a premium, the seller is required to pass the listing gains to the buyer or credit the shares to the purchaser against Rs 8,500 (7,500 +1,000).
If the seller does not receive the allotment, still the buyer of the IPO application needs to pay Rs 1,000 to the seller of the IPO application.
How GMP is calculated?
There are many variables which determine the price of an IPO on the grey market.
The Grey market Premium (GMP) over an above the IPO issue price is determined by demand and supply statistics, similar to stock prices. I expect the grey market pricing to be lower. The players in the grey market estimate the listing price for an IPO and the difference between the estimated listing price and the issue price is considered as GMP.
The profitability of an Issuer company and the valuation as which the shares are offered also affect the estimate of listing price.
How Subject to & Kostak rate is calculated?
Types of Trading in Grey market?
Types of Trading in Grey Market
There are two types of trading in the grey market-
1.Trading of Applications, i.e., selling or buying IPO applications at a particular rate or premium.
2. Trading of Allotted Shares, i.e., selling or buying the allocated IPO shares before they get listed in the stock exchanges.
How do you calculate listing price from GMP?
GMP or Grey market Premium is rough indication of the premium/discount over the IPO-issue-price. At this juncture, we shall not go into the nitty gritty of how GMP is arrived at or quoted in the Grey market. The players add up GMP to the IPO-Issue-price and estimate the IPO listing price.
Let’s understand:
The GMP of an IPO of company SUCCESS is Rs. 25 and the shares are offered at Rs. 50. Then the shares are estimated to get listed at Rs 75 (Rs. 50+ Rs. 25 GMP)
Is trading in grey market illegal?
Yes, in simple words, the trading in the grey market is not legal and disapproved by the market regulator SEBI. Under normal circumstances, market factors determine the GMP, so the chances of fraud are not high in such IPOs. However, many a times, the grey market operator in connivance with the IPO-promoter/its lead manager manipulates the GMP, to attract the gullible and innocent investors to apply for the IPO and the investors incur losses. To prevent such frauds, the market regulator discourages grey market trading.
Who should you contact to trade in Grey Market?
As we know trading in a grey market is not legal, the trading in the grey market is often carried out over phone calls. There are no such official registered persons or traders for grey market trading. An investor willing to trade in the grey market needs to find a local dealer who will help find the buyers and sellers.
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One thought on “GMP & Subject to Rates at a Glance”
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Good that you provide this valuable information.