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Grey Market Premium 2022

The grey market premium aka IPO GMP is information that is calculated based totally on the demand of the company that is arising with an IPO. The grey marketplace starts unofficially within the unregulated market after the IPO date and price band announced. IPO Investors always look at the premium of an IPO before investing it but it might vary as per the market conditions, demand, and subscription numbers.

IPO NameGMP (₹)IPO Prize (₹) Estimated Listing Price (₹)IPO StatusIPO DateGMP Last Updated
SVS Ventures-52015 (-25.00%)[email protected]30-04 Jan12 Jan
Sah Polymers6572 (10.77%)[email protected]30-04 Jan12 Jan
Rex Sealing and Packing Industries-7135128 (-5.19%)[email protected]30-04 Jan12 Jan
RBM Infracon73643 (19.44%)[email protected]23-27 Dec04 Jan
Anlon Technology Solutions62 100162 (62.00%)[email protected]27-30 Dec10 Jan
Homesfy Realty25197222 (12.69%)[email protected]21-23 Dec23 Dec
Moxsh Overseas Educon48 153201 (31.37%)[email protected]21-23 Dec23 Dec
Elin Electronics2247249 (0.81%)[email protected]20-22 Dec23 Dec
Radiant Cash Management699105 (6.06%)[email protected]23-27 Dec04 Jan
KFin Technologies10 366376 (2.73%)[email protected]19-21 Dec23 Dec
Arihant Academy43 90133 (47.78%)[email protected]16-21 Dec23 Dec
Uma Converter3337 (12.12%)[email protected]15-21 Dec23 Dec
Dollex Agrotech-13534 (-2.86%)Lis[email protected]15-21 Dec23 Dec
Droneacharya Aerial Innovations72 54126 (133.33%)[email protected]13-15 Dec23 Dec
Landmark Cars-15506491 (-2.96%)[email protected]13-15 Dec23 Dec
Abans Holdings3270273 (1.11%)[email protected]12-15 Dec23 Dec
Sula Vineyards-15357 342 (-4.20%)[email protected]12-14 Dec22 Dec
All E Technologies45 90135 (50.00%)[email protected]09-13 Dec21 Dec
Gargi Fashion Jewellery IPO30 3060 (100.00%)[email protected]08-13 Dec20 Dec
Arham Technologies 25  4267 (59.52%)[email protected]05-07 Dec15 Dec
Uniparts India41 577618 (7.11%)[email protected]30-02 Dec12 Dec
Baheti Recycling Industries52 4597 (115.56%)[email protected]28-30 Nov8 Dec
Dharmaj Crop Guard48 237285 (20.25%)[email protected]28-30 Nov8 Dec
Pritika Engineering Components11 2940 (37.93%)[email protected]25-30 Nov8 Dec
AMBO Agritec13 3043 (43.33%)[email protected]21-24 Nov2 Dec
Keystone Realtors Rustomjee5541546 (0.92%)[email protected]14-16 Nov24 Nov
Inox Green Energy-16564 (-1.54%)[email protected]11-15 Nov23 Nov
Kaynes Technology 150 587737 (25.55%)[email protected]10-14 Nov22 Nov
Fusion Micro Finance-2368366 (-0.54%)[email protected]02-04 Nov16 Nov
Five Star Business Finance-2474472 (-0.42%)[email protected]09-11 Nov21 Nov
Global Health30368366 (8.93%)[email protected]03-07 Nov16 Nov
Archean Chemical127 407534 (31.20%)[email protected]09-11 Nov21 Nov
Bikaji Foods International23 336323 (7.67%)[email protected]03-07 Nov16 Nov
Technopack Polymers5555 (0.00%)[email protected]02-07 Nov16 Nov
Amiable Logistics (India)50 81131 (61.73%)[email protected]02-07 Nov16 Nov
DAPS Advertising183048 (60.00%)[email protected]31-03 Nov14 Nov
Vital Chemtech80 101181 (79.21%)[email protected]31-03 Nov14 Nov
DCX Systems90 207297 (43.48%)[email protected]31-02 Nov11 Nov
Rite Zone Chemcon47579 (5.33%)[email protected]31-02 Nov11 Nov
Integrated Personnel Services65965 (10.17%)[email protected]31-02 Nov11 Nov
Phantom Digital Effects7595170 (78.95%)[email protected]12-14 Oct20 Oct
Tracxn Technologies-38077 (-3.75%)[email protected]10-12 Oct21 Oct
Electronics Mart India315990 (52.54%)[email protected]04-07 Oct17 Oct
Vedant Asset164056 (40.00%)[email protected]30-04 Oct12 Oct
Frog Cellsat60102 162 (58.82%) [email protected]29-04 Oct13 Oct
Pace E-Commerce Ventures103103 (0.00%)[email protected]29-04 Oct21 Oct
Swastik Pipe100 100 (0.00%)[email protected]29-03 Oct12 Oct
Cargosol Logistics182846 (64.29%)[email protected]28-30 Sep10 Oct
Silicon Rental Solutions27880 (2.56%)[email protected]28-30 Sep10 Oct
Lloyds Luxuries34043 (7.50%)[email protected]28-30 Sep12 Oct
Trident Lifeline2101 103 (1.98%) [email protected]26-29 Sep10 Oct
Reetech International Cargo1105106 (0.95%)[email protected]27-29 Sep10 Oct
Cargotrans Maritime364581 (80.00%)[email protected]27-29 Sep10 Oct
Steelman Telecom5296148 (54.17%) [email protected]26-29 Sep10 Oct
Concord Control Systems7155126 (129.09%)[email protected]27-29 Sep10 Oct
Maagh Advertising6060[email protected]26-29 Sep13 Oct
QMS Medical Allied2121 123 (1.65%)[email protected]27-30 Sep11 Oct
Cyber Media Research 33180213 (18.33%)[email protected]27-29 Sep10 Oct
Mafia Trends32831 (10.71%)[email protected]22-27 Sep06 Oct
Maks Energy62026 (30.00%)[email protected]16-20 Sep03 Oct
Insolation Energy403878 (105.26%)[email protected]26-29 Sep10 Oct
Containe Technologies41519 (26.67%)[email protected]20-22 Sep30 Sep
Kandarp Digi Smart BPO53035 (16.67%)[email protected]16-20 Sep28 Sep
Ishan International88088 (10.00%)[email protected]9-14 Sep27 Sep
Tapi Fruit Processing14849 (2.08%)[email protected]12-14 Sep27 Sep
Varanium Cloud 4122126 (3.28%)[email protected]16-20 Sep27 Sep
Annapurna Swadisht5670126 (80.00%)[email protected]15-19 Sep27 Sep
Sabar Flex India61117 (54.55%)[email protected]8-13 Sep23 Sep
Mega Flex Plastics244064 (60.00%)[email protected]6-9 Sep23 Sep
Viviana Power Tech245579 (43.64%)[email protected]5-8 Sep23 Sep
Harsha Engineers International131330461 (39.70%)[email protected]14-16 Sep26 Sep
Virtuoso Optoelectronics5656 (0.00%)[email protected]2-7 Sep15 Sep
Tamilnad Merchantile Bank12525537 (2.29%)[email protected]5-7 Sep15 Sep
EP Biocomposites126126 (0.00%)[email protected]29-5 Sep13 Sep
Jay Jalaram Technologies3636 (0.00%)[email protected]26-30 Aug8 Sep
Dreamfloks Services148326474 (45.40%)[email protected]24-26 Aug6 Sep
Ameya Precision Engineers3434 (0.00%)[email protected]25-30 Aug6 Sep
Naturo Indiabull43034 (13.33%)[email protected]22-24 Aug6 Sep
Rhetan TMT-3.507066.5 (-5.00%)[email protected]22-256 Sep
JFL Life Sciences6127 (0.00%)[email protected]25-30 August29 August
Olatech Solutions2727 (0.00%)[email protected]
12-19 August29 August
Fidel Softech3737 (0.00%)Listed @59.1030-02 June2nd June
Globesecure Technologies22931 (6.90%)Listed @36.5023-25 May2nd June
Aether Industries55642697 (8.57%)Listed @70420-24 May3rd June
eMudhra Limited256256 (0.00%Listed @271(6%)20-24 May1st June
Paradeep Phosphates0.304242.3 (0.71%)Listed @44(4.76%)17-19 May27th May
Ethos Limited-5878873 (-0.57%)[email protected]18-20 May31st May
Prudent Corporate Advisory Services18630648 (2.86%)[email protected](3.17%)10-12 May23th May
487477 (-2.05%)[email protected](1.68%)11-13 May24th May
Venus Pipes & Tubes20326346 (6.13%)[email protected](2.76%)11-13 May24th May
Sonu Infratech IPO₹36Listed @3729-05 May9th May
Rainbow Children Medicare-10542532 (-1.85%)[email protected](-5.90%)27-29 Apr10th May
Campus Activewear40292332 (13.70%)Listed @360 (23.29%)26-28 Apr9th May
Fone4 Communications2.501012.5 (25.00%)[email protected](0.00%)25-27 Apr5th May
Global Longlife Hospital1140141 (0.71%)[email protected](0.79%)21-25 Apr5th May
Le Merite Exports97584 (12.00%)[email protected](0.00%)25-28 Apr5th May
LIC-26949923 (-2.74%)[email protected](-8.11%)04-09 May17th May
Vedant Fashions-20866846 (-2.31%)Listed @935(7.97%)04-08 Feb15 Feb
Precision Metaliks 185169 (35.05%)Listed @75(50.00%)19-24 Jan1 Feb
Adani Wilmar23230253 (15.22%)Listed @227(-1.30%)27-31 Jan8 Feb
AGS Transact Techno-6175169 (-3.43%)Listed @175(0.00%)19-21 Jan2 Feb

Let’s examine the way to calculate the listing price after including a premium. If the grey marketplace shows the charge of an IPO is ₹100 and the IPO price is around ₹200 then the predicted list charge will be round ₹300. Primarily based on the calculation the list benefit will be 50% towards the IPO price.

The listing of an IPO might vary against the estimated listing price suggested by the grey market due to the bull / bear market or the demand of the company shares. We have witnessed that some of the IPOs had lower grey market but listing with higher gain while few IPOs in 2021 where the grey market was on a higher side but the listing was at the lower levels. As the grey market is always one of the strong factor for the IPO listing gain calculation but we highly recommend investors to use the grey market rates for just information, do not trade based on the numbers.

Important Points to Consider about IPO GMP:

  • The grey market transactions are unofficial and that is an involvement of IPO investors and the stockbrokers. It depends on the trust between both parties.
  • Read our IPO analysis before applying for an IPO.
  • The grey market rates are calculated and provided or sourced from the market research or the experts.
  • We do not recommend trading in the Grey Market as it’s illegal.
  • Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
  • Do not subscribe to the IPO on the premium given above. It may change anytime before listing.
  • Subscribe only considering Fundamentals of the companies.

IPO Grey Market FAQs:

What is Grey Market Premium?

The “grey market premium” aka “IPO GMP” is a term people use in the IPO market to check what is the estimated price the IPO might list on. The gmp is unofficial but investors looking at the grey market price of an IPO to get the fixed gain of the stock. The grey market works before the IPO listing and during the days from IPO start date to the allotment date.

The grey market premium indicates how the IPO might react on a listing day with an estimated price. Let’s see how the calculation goes on. If the company comes up with an IPO of ₹100 and the grey market premium is around ₹20 then we can assume that the IPO might list around ₹120 on its listing day. But the fact is, there is no reliability. In most cases, IPO GMP works but in some cases its not. If the IPO is in high demand, the IPO will list around the given price with estimated IPO GMP..

What is Kostak Rate?

The Kostak rate is the amount that one investor pays to the seller of IPO application before the IPO listing. As the grey market reacts the Kostak rates also react that way. One can buy and sell their full IPO application on Kostak rates outside the market and fix their profit. Whether an investor receives an IPO allotment, the buyer must pay the Kostak rates.

If one did 5 applications for one IPO and sold the same at ₹1000 per application it means he or she secured the IPO profit at ₹5000 rupees. If he gets the allotment in 2 applications still his profit will be ₹5000. After selling the stock for ₹10000, the seller must give the remaining ₹5000 to the investor who bought the application. This is the secure way to sell your application in the IPO grey market.

What is Subject to Sauda?

As per the Kostak rate, the Subject to Sauda on the application is the amount decided when the investors get the firm allotment on their IPO Application. If one buys or sells the IPO application on the subject to sauda it means one can get the said amount if one will get the allotment otherwise sauda will be canceled. In this one can not fix their profit as it depends on the allotment. Again if one gets an allotment and he or she sold the application around ₹10000 and the profit goes high on listing day around ₹15000 then one should pay ₹5000 to the guy who bought the application.

How to Calculate Grey Market Premium?

The IPO GMP aka grey market premium is a price that is traded in the grey market before the IPO listing process. The calculation is done based on the company’s performance, its demand in the grey market, and the probability of the subscription. Let’s assume that if the X IPO price is fixed at ₹200 and the grey market is showing the rate of ₹100 it means the IPO might list at ₹300 (ie: ₹200+₹100). Still, this is an assumption but the actual listing might vary from the grey market price.

Are Grey Market Stocks Safe?

It depends on the broker or the trading person and We suggest it is not safe. If you are trading in the grey market it will be at your own risk. There might be fluctuations on a higher side so one needs to do it with precautions. As we suggest just refer to the IPO GMP for the listing gain purpose. Be wise and trade in the primary market after listing only.

How Do I Buy / Sell IPO Application in Grey Market?

There are no official people or businesses associated with the grey market. Some brokers buy and sell IPO applications on Kostak Rates or Subject to Sauda Rates based on the IPO GMP. One should find local brokers who stay between buyers and sellers and do the grey market trading of IPO applications. Be aware of the rates and then do the buying or selling.

Checkout Grey Market Premium of 2021. Click HERE

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