grey market premium today ipo grey market premium GMP
Market Undercurrent
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Updated @ 1.00 pm on November 17, 2024.
(Next update will at 3.00 pm today)
Frequently Asked Questions:
GUPSHUP of IPO-MARKET
# NTPC Green Mainboard IPO, Premium, application rates and Subject to rates crashed today. Rajkot traders fear discount in next few sessions.
# Blackbuck SME IPO: size of the IPO very large and business not so great. Premium has now gone. Gandhidham traders suggest first selling the applications in the grey market and then only apply to this IPO.
# Onyx Biotec SME IPO: The premium moved up as envisaged by us because of strong fundamentals, along with expectations of significant oversubscription from grey market players. Traders in Rajkot recommend accumulating this stock at the even at the current premium/subject to rates.
# Neelam Linens SME IPO premium trades at small volume.
# Weak trend in the premium of Nivabupa may affect subscription trend. Mumbai traders fear listing at discount.
*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“
Rosmerta IPO GMP |
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GMP | Sub2 | Allotted |
| 22 | 16700 | Not yet | ||
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Upcoming | |||
| Price Rs 147 Lot 1000 |
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| Open .11.2024 Close .11.2024 |
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| Al .11.2024 List: .11.2024 |
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C2C IPO GMP |
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GMP | Sub2 | Allotted |
| 220 | 100300 | Not yet | ||
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Upcoming | |||
| Price Rs 226 Lot 600 |
– | |||
| Open 22.11.2024 Close 26.11.2024 |
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| Al 27.11.2024 List: 29.11.2024 |
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Lamosaic IPO GMP |
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GMP | Sub2 | Allotted |
| – | – | Not yet | ||
| Upcoming | ||||
| Price Rs 200 Lot 600 |
– | |||
| Open 21.11.2024 Close 26.11.2024 |
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| Al 27.11.2024 List: 29.11.2024 |
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NTPC Green IPO GMP |
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GMP | Sh Appl | Sh Sb2 |
| 1.00 buyer 5.25 Seller |
800 | 2500 | ||
| Upcoming | Appli. | Sub2 | ||
| Price Rs 108 Lot 138 | Retail | 150 | 300 | |
| Open 19 Nov 2024 Close 22 Nov 2024 |
Small HNIs | 700 | 2700 | |
| Al 25 Nov 2024 List: 27 Nov 2024 |
Big HNIS | 3500 | 6500 | |
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Zinka (Blackbuck) IPO GMP |
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GMP | ||
| IPO is open |
Appli. | Sub2 | ||
| Price Rs 273 Lot 54 | Retail | – | 0 | |
| Open 13 Nov 2024 Close 18 Nov 2024 |
Small HNIs | – | 0 | |
| Al 19 Nov 2024 List: 21 Nov 2024 |
Big HNIS | – | 0 | |
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Onyx Biotec IPO GMP |
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GMP | Sub2 | AlloAppli |
| 15 | 22800 | |||
| IPO is Open |
Appli. | Sub2 | ||
| Price Rs 61 Lot 2000 | ||||
| Open 13 Nov 2024 Close 18 Nov 2024 |
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| Al 19 Nov 2024 List: 21 Nov 2024 |
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Mangal Compu IPO GMP |
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GMP | Sub2 | AlloAppli |
| 2 | 4,600 | |||
| Closing Today |
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| Price Rs 45 Lot 3000 | ||||
| Open 12 Nov 2024 Close 14 Nov 2024 |
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| Al 18 Nov 2024 List: 20 Nov 2024 |
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Neelam Linens IPO GMP |
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GMP | Sub2 | Allo.Appli |
| 14 | – | 50,000 | ||
| Credit of Shares |
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| Price Rs 24 Lot 6000 | ||||
| Open 8 Nov 2024 Close 12 Nov 2024 |
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| Al 13 Nov 2024 List: 18 Nov 2024 |
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Niva Bupa IPO GMP |
|
GMP | ||
| 1 | ||||
| Listing@ Rs. 78.14 |
Appli. | Sub2 | ||
| Price Rs 74 Lot 200 | Retail | – | – | |
| Open 7 Nov 2024 Close 11 Nov 2024 |
Small HNIs | – | – | |
| Al 12 Nov 2024 List: 14 Nov 2024 |
Big HNIS | – | – | |
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Acme Solar IPO GMP |
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GMP | ||
| -4 | ||||
| Listed @ Rs. 251 |
Appli. | Sub2 | ||
| Price Rs 289 Lot |
Retail | 0 | ||
| Open 6 Nov 2024 Close 8 Nov 2024 |
Small HNIs | 0 | ||
| Al 11 Nov 2024 List: 13 Nov 2024 |
Big HNIS | – | 0 | |
Swiggy IPO GMP |
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GMP | ||
| 0.50 buyer | 4.50 seller | |||
| Listed @ Rs. 420 |
Appli. | Sub2 | ||
| Price Rs 390 Lot 51 |
Retail | 100 | ||
| Open 6 Nov 2024 Close 8 Nov 2024 |
Small HNIs | 1400 | ||
| Al 11 Nov 2024 List: 13 Nov 2024 |
Big HNIS | 6000 | 1400 | |
Sagility IPO GMP |
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GMP | ||
| 0.25 buyer | 1.20 Seller | No trades | ||
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Listed @ Rs.31.06 |
Appli. | Sub2 | |
| Price Rs 30 Lot 500 | Retail | |||
| Open 5 Nov 2024 Close 7 Nov 2024 |
Small HNIs | |||
| Al 8 Nov 2024 List: 12 Nov 2024 |
Big HNIS | |||
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.