grey market premium today

    Grey Market Premium dpboss Market Undercurrent

    👉A legacy of 31 Years.
    India`s Oldest Investment & IPO website.
    👉Most Trusted by Investors across India.

    Updated @ 9.00 am on February 29, 2024. 
    (Every 60 Minutes update, next at 10.00 am today)

    Frequently Asked Questions:

    IPO-MARKET GUPSHUP

    👉J.G.Chemicals Mainboard IPO: Price and dates are now final. Strong fancy expected in the premium market. The traders are waiting to accumulate the Maal, once the trades start by 12 today.
    👉Sona Machinery  SME IPO:
    the profits have moved up sharply which raises eyebrows, and yet strong volume expected in premium-trades, since the IPO is managed by Hem Securities.
    👉Pune E-stockbroking  SME IPO: Price and dates are final, Premium and subject to trades have shot up to Rs. 70. Business of the company has been stagnant. Premium trade-Volume at current rate is very low. 
    👉Purv Flexipack  SME IPO: Premium cooling down to Rs. 115 from Rs. 125 yesterday (144.71T on Day2)
    👉Exicom main board IPO, “EV-charging” story helped to push up the premium. Small IPO, and yet not so impressive subscription till Day 1
    (just 30.70 times subscription on Day 2 is nothing)
    👉
    Platinum Industries IPO  Just 22.35 T subscription on Day 3. Fancy in the premium market down. Premium declined to Rs. 91 from Rs. 100 yesterday morning.
    👉Owais Metal SME IPO, reasonably good subscription on Day 2. Premium now cooling down. High premium was considered to be highly speculative, the way the profits of the company have shot up in the year prior to the IPO. May not bring in listing in accordance with the premium. Remain cautious.
    👉GPT Healthcare. Not so impressive subscription has affected sentiment. Now premium has been steady. Unimpressive listing still being feared.
    👉Mukka Proteins Mainboard IPO, very small IPO of just Rs. 225 Cr., Business of fishoil and fishmeal. Many of the investors dislike such businesses. The premium has started downward journey.

    POST LISTING REVIEW


    Pune E-stockbroking IPO Grey market premium
    Price Rs 83, Lot ? Sh, Size Rs.38.23 Cr.
    Op 7Mar Cl 12Mar BoA 13Mar, Listing 15Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 70 IPO grey market
    Subject to Rs.85100

    J.G.Chemicals IPO Grey market premium
    Price Rs 221, Lot 67 Sh, Size Rs.251.19 Cr.
    Op 5Mar Cl 7Mar BoA 11Mar, Listing 13Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. strong fancy expected
    Small Subject to Rs.-IPO grey market
    big Subject to Rs. –

    Sona Machinery IPO Grey market premium
    Price Rs 143, Lot 1000 Sh, Size Rs.62.58 Cr.
    Op 5Mar Cl 7Mar BoA 11Mar, Listing 13Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 25
    Subject to Rs.19000

    V R Infraspace IPO Grey market premium
    Price Rs 85, Lot 1600 Sh, Net Size Rs.19.37 Cr.
    Op 4Mar Cl 7Mar BoA 7Mar, Listing 12Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. –
    Subject to Rs.-

    R K Swamy IPO Grey market premium
    Price Rs 288, Lot 50 Sh, Size Rs.225 Cr.
    Op 4Mar Cl 6Mar BoA 7Mar, Listing 11Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. –
    Small Subject to Rs.-
    big Subject to Rs. –

    MVK AgroFood IPO Grey market premium
    Price Rs 120, Lot 1200 Sh, Size Rs.62.58 Cr.
    Op 29Feb Cl 4Mar BoA 5Mar, Listing 7Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 30 IPO grey market
    Subject to Rs.27400

    Mukka Proteins IPO Grey market premium
    Price Rs 28, Lot ? Sh, Size Rs.225 Cr.
    Op 29Feb Cl 4Mar BoA 5Mar, Listing 7Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 15 low volume
    Small Subject to Rs.6100
    big Subject to Rs. 85400

    Platinium Industries IPO Grey market premium
    Price Rs 171, Lot 87Sh, Size Rs.235.32 Cr.
    Op 27Feb Cl 29Feb BoA 1Mar, Listing 5Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 95
    Small Subject to Rs.6300
    big Subject to Rs. 88200

    Exicom Telesystem IPO Grey market premium
    Price Rs 142, Lot 100 Sh, Size Rs.429 Cr.
    Op 27Feb Cl 29Feb BoA 1Mar, Listing 5Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 165 IPO grey market
    Small Subject to Rs.12500
    big Subject to Rs.187500 IPO grey marketIPO grey market

    Owais Metals SME IPO Grey market premium
    Price Rs 87, Lot 1600 Sh, Size Rs.39.70 Cr.
    Op 26Feb Cl 28Feb BoA 29Feb, Listing 1Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 125 IPO grey market
    Subject to Rs. 152000

    Purv Flexipack SME IPO Grey market premium
    Price Rs 71, Lot 1600 Sh, Size Rs.37.74 Cr.
    Op 27Feb Cl 29Feb BoA 1Mar, Listing 5Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 115 IPO grey market
    Subject to Rs. 139800

    Sadhav Shipping SME IPO Grey market premium
    Price Rs 95, Lot 1200 Sh, Size Rs.36.25 Cr.
    Op 23Feb Cl 27Feb BoA 28Feb, Listing 1Mar
    Study Our to-the-point Guidance, Click
    Premium: Rs. 30
    Subject to Rs. 27400

    GPT Healthcare Mainboard IPO Grey market premium
    Price Rs 186, Lot 80 Sh, Size Rs.367.60 Cr.
    Op 22Feb Cl 26Feb BoA 27Feb, Listing 29Feb
    Premium: Rs.17, 
    Small Subject to Rs.1100 
    big Subject to Rs. 15400

    Juniper Hotels Mainboard IPO Grey market premium
    Price Rs 360, Lot 40 Sh, Size Rs.1800 Cr.
    Op 21Feb Cl 23Feb BoA 26Feb, Listing 28Feb
    Post Listing Review: On 28th February, the scrip is listed at Rs.365, compared to the Issue-price of Rs.360, at a premium of 1.39 %. The listing has been in line with the expectation of the grey market players.
    Premium:
    0
    Small Subject to Rs.0
    big Subject to Rs.0

    Deem Roll Tech SME IPO Grey market premium
    Price Rs 127, Lot 1000 Sh, Size Rs.29.26 Cr.
    Op 20Feb Cl 22Feb BoA 23Feb, Listing 27Feb
    Study Our to-the-point Guidance, Click
    Post Listing Review: On 27th February, the scrip is listed at Rs.200, compared to the Issue-price of Rs.129, at a premium of 55.04%. The listing has been below the expectations of the grey market
    Premium: Rs. 82IPO grey market
    Subject to Rs. –

    Zenith Drugs SME IPO Grey market premium
    Price Rs 79, Lot 1600 Sh, Size Rs.28.22 Cr.
    Op 19Feb Cl 22Feb BoA 23Feb, Listing 27Feb
    Study Our to-the-point Guidance, Click
    Post Listing Review: On 27th February, the scrip is listed at Rs.110, compared to the Issue-price of Rs.79, at a premium of 39.24%. The listing has been in line with the expectations of the grey market players.Premium: Rs. 35 IPO grey market
    Subject to Rs. –

    ♣  Esconet Tech SME IPO Grey market premium
    Price Rs 84, Lot 1600 Sh, Size Rs.28.22 Cr.
    Op 16Feb Cl 20Feb BoA 21Feb, Listing 23Feb
    Premium: Rs. 93IPO grey market
    Subject to Rs.113600

    Interiors & More SME IPO Grey market premium
    Price Rs 227, Lot 600 Sh, Size Rs.42.00
    Op 15Feb Cl 20Feb BoA 21Feb, Listing 23Feb
    Post Listing Review: On 23th February, the scrip is listed at Rs.270, compared to the Issue-price of Rs.227, at a a premium of 18.94%. The listing has been above the expectations of the grey market players.
    Premium: Rs. 33
    Subject to Rs. 15500

    Atmastco SME IPO Grey market premium
    Price Rs 77, Lot 1600 Sh, Size Rs.56.25
    Op 15Feb Cl 20Feb BoA 21Feb, Listing 23Feb
    Study Our to-the-point Guidance, Click
    Post Listing Review: On 23th February, the scrip is listed at Rs.91, compared to the Issue-price of Rs.77, at a premium of 18.18%. The listing has been in line with the expectations of the grey market players.
    Premium: Rs. 6
    Subject to Rs. 7300

    ♣  Kalahridhaan SME IPO Grey market premium
    Price Rs 45, Lot 1000 Sh, Size Rs.94.68
    Op 15Feb Cl 20Feb BoA 21Feb, Listing 23Feb
    Post Listing Review: On 23th February, the scrip is listed at Rs.47.15, compared to the Issue-price of Rs.45, at a a premium of 4.78%. The listing has been in line with the expectations of the grey market players.
    Premium: Rs. 3
    Subject to Rs. 6800

    ♣  Thaai Casting SME IPO Grey market premium
    Price Rs 77, Lot 1600 Sh, Size Rs.47.20 Cr.
    Op 15Feb Cl 20Feb BoA 21Feb, Listing 23Feb
    Post Listing Review: On 23th February, the scrip is listed at Rs.186, compared to the Issue-price of Rs.77, at a a premium of 141.13%. The listing has been much above the expectations of the grey market players.
    Premium: Rs. 80
    Subject to Rs. 97300

    ♣  Vibhor Steel Tubes Mainboard IPO Grey market premium
    Price Rs 151, Lot 99 Sh, Size Rs.72.17 Cr.
    Op 13Feb Cl 15Feb BoA 16Feb, Listing 20Feb
    Post Listing Review: On 20th February, the scrip is listed at Rs.425, compared to the Issue-price of Rs.151, at a a premium of 181.46%. The listing has been beyond the expectations of the grey market players.
    Premium: Rs.140 No trades seen
    Small Subject to Rs.10500
    big Subject to Rs. 140000

    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.

    Quicklinks

    >> What is DP Boss?

    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.

    GMP

     POST LISTING REVIEW

    👉Juniper Hotels IPO Post Listing Review: On 28th February, the scrip is listed at Rs.365, compared to the Issue-price of Rs.360, at a premium of 1.39 %. The listing has been in line with the expectation of the grey market players.
    👉Deem Rolls IPO Post Listing Review: On 27th February, the scrip is listed at Rs.200, compared to the Issue-price of Rs.129, at a premium of 55.04%. The listing has been below the expectations of the grey market

    👉Zenith Drugs IPO Post Listing Review: On 27th February, the scrip is listed at Rs.110, compared to the Issue-price of Rs.79, at a premium of 39.24%. The listing has been in line with the expectations of the grey market

    Grey Market Premium

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    Grey market premium today

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    121 Comments on “GMP & Subject to Rates at a Glance

    1. RAMARAO VENKATESHA MURTHY

      I want to buy pre ipo in Grey market. Pl give me phone or mobil2 number to connect. My mobile 8149143309

      Reply
    2. Santosh Jain, Jaipur

      Good that you have separated Mainboard IPO subscriptions and SME IPO subscriptions. Gives better clarity.

      Reply
    3. Anuja Sheth, Mumbai

      Your initiative to update the content every 60 minutes is very useful and get 360 degree view of the IPO market. Your subscription status updates are with comments are also very useful.

      Reply
    4. Bhanwar Sheth, New Delhi

      I found the content Well researched and highly informative. I provides useful indications for IPO applications.

      Reply
    5. Jaya Prasad, Pune

      Your initiatives are excellent. In stead of dry figures, you provide expert comments and I feel your comments and observations have better value and usefulness.
      Based on your observation about fall premium in Innova IPO, I got rid of premium shares and Now I avoided huge loss. Thanks a lot

      Reply
    6. Daya Nand Aggarwal

      Now a days
      1. GMP crashes just before listing date
      2. Listing happens even less than crashed GMP.
      3. Since then downing of shares price starts.
      4. Even in so rising market, one recent past shares is rising.

      May you investigate.

      Reply
    7. राजेश कुमार

      कल्याणी कास्ट टेक आ पी ओ मे एक लोट मे 1000 सेयर है। और यंहा 1600 सेयर लिखा है। कैसे ईनके द्वारा जी जानकारी हमलोगों के लिये फायदेमंद होगा। ये हमारे नुकसान का करण भी बन सकता है। पढ़ने वाले दूसरे वेबसाइट पर सेयर की की तुलना जरूर करे।

      Reply
    8. Daya Nand Aggarwal

      Sir , if possible on GMP page main line and SME IPO may be separated and also posted chronological order. It will be great help to read.

      Reply
    9. Anand Patel, CA

      Rightly said, legacy of 31 years.
      You enjoy love of the readers since last many decades. In this era of large number of competitors enter the market every day, you have retained your No. 1 position. It quite impressive.
      Being a CA, I have been following your newspaper since last 20 years and your site since last 2 years.

      Reply
    10. Sushma Patel, Ahmedabad

      Very informative site. You also provide allotted application rates and also over subscription estimate. This is quite impressive. Now there is no need to check information on any other site.
      Congrats

      Reply
      1. admin Post author

        Only if the fundamentals are strong and the valuation is okay. Otherwise donot buy such shares. Because of low liquidity, most of the times, you will be stuck.

        Reply
      1. admin Post author

        Since last 3/4 days, because of large number of IPOs, the market seems confused and no trades are seen at most of the IPO counters. What you see is just rates, no actual trades.

        Reply
      1. admin Post author

        In reality, there are no trades except premium, Rates of kostak and subject to are old rates at Chanakya and also other sites. Current/live rates are marked in Red, which we specifically inform on the top of the page.

        Reply
    11. Akshay

      Please remove Old IPO’s from this page. Better to remove after 1 week of listing. Also, do post GMP with Rs and Percentage for easier understanding.

      Reply
    12. R C Garg

      Admin Sir,

      I wish to know GMP & Listing Price of all past IPOs (Main Board + SME IPO – Both ) from 01-01-2023 for analytical study purpose. Can you retrieve old data from your site and help me please.

      R C Garg

      Reply
    13. Anurag Sheth, Mumbai

      Very indepth reporting. Many a times I have observed that the subject to rates reported by you is first of its kind. No other sites report such actively.

      Reply
    14. Sujata Mehta, Mumbai

      Not just reporting old rates.Your GMP page gives indication of live rates by marking them in red ink. Good efforts.
      Time to time updation is also a welcome feature.

      Reply
    15. Sushma Patel, Ahmedabad

      Since one month I have observed impressive changes in the grey market reporting.You cover subject to rates and even fixed application rates/ kostak in very detail. No other sites provide such details.
      Congrats and all the best.

      Reply
    16. Daya Nand Aggarwal

      Sir generally in SME ipos allotment is not received even though it is subscribed one time. Why is it so what are difficulty in sme ipo. May you publish on article on it.

      Reply
      1. admin Post author

        Similar problem is faced by most of the investors/ applicants. We are going to carry out research on the same and will inform soon

        Reply
    17. Sagar

      GMP of SAH POLYMERS as per Chittorgarh is only 3.
      Chanakya shows 15, not sure which to believe.
      Can you please clarify?

      Reply
      1. admin Post author

        There can be difference in GMP and also subject to rates because of difference of updation time and also source of the same.

        Reply
      1. admin Post author

        Maybe you are right. In earlier website, the readers requested that to study grey market rates or subscription figures, they had to check on 10 posts. So, they asked for single page for all GMPs and single page for all data on subscriptions. We also agreed to the said suggestion and so we have adopted new format of providing grey market premium and subscription data.
        We would like to know why you did not like new format. so that changes if any can be done.

        Reply
    18. PARTH

      One should also include the expert opinion for IPOs like must apply, may apply, avoid etc. For the IPOs and most for SMEs to build up balance and knowledge for the IPOs

      Reply
    19. Sudhir Mehta, Vadodara

      Information you provide is always very genuine. Some other websites, give data but in reality, you will not find any trades at those rates.

      It is good that you remove past rates or show them in different colour.

      Reply
    20. Vinod kumar

      @admin are all sme IPOs are traded.I think no and contain technology is highly subsidised sme ipo but you still not showing.

      Reply
    21. Nobita

      @Admin, first of all a very happy new year to you and the whole staff of chanakya ni pothi.

      I appreciate that you guys have started covering sme IPOs.

      Please if you can manage to provide your kind analysis and review to guide whether to apply or leave or any recommendation that you deemed fit will be very helpful for the member of the forum.

      Regards

      Reply
    22. Malleswar Akasam

      VIVO listing Issue. There must be a technical issue intentional or mistake. During price discovery the upper circuit must be 164.(It was 664.2) lower circuit 41 (correct). Now the VIVO will go on for lower circuit for sometime.

      Reply
      1. admin Post author

        Since , there is very small investor class for SMEs, we donot cover SME IPO analysis. Soon will decide on this.

        Reply
    23. Khemchand agarwal

      Sir iwant to know about the new ipo nupur
      Can i apply or not iam a long term invester
      I also wNt to become member

      Reply
    24. Shyam Gupta, Jaipur

      @ Kavita mam,

      Like Main board IPO, even SME IPOs have to be evaluated . I have observed that Chanakya ni pothi provide accurate analysis of SME IPOs in each edition. So you can study the same and apply. For example at present this dental company is fundamentally strong and you can apply in it

      Reply

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