IPO Grey Market Premium or IPO GMP is a very important metric which every individual should check before subscribing to an upcoming IPO. Although GMP is an unofficial way of predicting the listing price of an IPO but it is an effective tool for any IPO investor who wish to subscribe to an IPO.
What is IPO Grey Market Premium?
IPO Grey Market Premium is price decided in the Grey Market between buyers & sellers of the IPO even before the IPO application or shares are available in the exchange for trading.
Grey Market Price or Grey Market Premium helps in a great way to the IPO investors to whether subscribe to the IPO or not.
Premium is decided on the simple formula of demand & supply. If the demand is high & supply is low then the premium is high & if the demand is less & supply is abundant then the premium is low.
This entire process happens in an unofficial way, so there is no guarantee that the GMP is giving perfect indication of the listing price.
Although, Routine Investors understands that Grey Market Premium is a very good indicator of whether the IPO will perform or not. Hence, it is a very important tool to check before subscribing to any IPO.
List of Recent IPOs with their GMP or Grey Market Premium
| IPO Name | Issue Price | GMP |Kostak| Subject to Sauda | Listing Price | Profit/Loss – Per Share |
| Prince Pipes IPO | Rs 177 – 178 | 40-45| 350| NA | 160 | Loss – Rs. 42.36 |
| CSB Bank IPO | Rs. 193 – 195 | 65-70 | 180-200| 2500 | 275 | Loss – Rs. 36.87 |
| Ujjivan Small Finance Bank IPO | Rs 36-37 | 10-12 | 400-450| 4500 | 58 | Profit – Rs. 10.54 |
| SBI Cards IPO | NA | 185-190 | X | 0 | NA | NA |
| IRCTC IPO | Rs 315 – 320 | GMP 230-235 | 644 | Profit- Rs. 268.14 |
| Aavas Financiers IPO | Rs.818 – Rs.821 | Rs.10 | Rs.781.40 | Loss – Rs.36 |
| Garden Reach Shipbuilders IPO | Rs.115 – Rs.118 | NIL | Rs.101.40 | Loss – Rs.16 |
| IRCON International IPO | Rs.470- Rs.475 | Rs.8 – Rs.10 | Rs.415.30 | Loss – Rs.60 |
| Lodha Developers IPO | – | – | – | – |
| CreditAccess Grameen IPO | Rs.422 | Rs.0-10 | Rs.385 | Loss – Rs.37 |
| HDFC AMC IPO | Rs.1100 | Rs.550 – Rs.600 | Rs.1815.95 | Profit – Rs.716 |
| TCNS Clothing IPO | Rs.716 | Rs.10 – Rs.20 | Rs.659.15 | Loss – Rs.57 |
| Varroc Engineering IPO | Rs.967 | Rs.50 – Rs.60 | Rs.1037.35 | Profit – Rs.70 |
| Fine Organic IPO | Rs.783 | Rs.65 – Rs.75 | Rs.822.80 | Profit Rs.40 |
| Rites Limited IPO | Rs.185 | Rs.30 – Rs.40 | Rs.213.30 | Profit Rs.28 |
| Indostar Capital IPO | Rs.572 | Rs.10 – Rs.20 | Rs.586.10 | Profit – Rs.14 |
(Data as on 16-03-2020)
Recent IPO Performance
| Date | IPO Name | Issue Size (in Rs. crores) | Issue (Rs.) | Listing Open (Rs.) | Listing Close (Rs.) | Listing Gains(%) | CMP (Rs.) | Current Gains (%) |
| 12/12/2019 | Ujjivan IPO | 750 | 37 | 58.75 | 55.9 | 51.08 | 57.15 | 54.46 |
| 4/12/2019 | CSB Bank IPO | 409.68 | 195 | 275 | 300.1 | 53.9 | 240.75 | 23.46 |
| 14/10/19 | IRCTC IPO | 635.04 | 320 | 644 | 728.6 | 127.69 | 882.3 | 175.72 |
| 20/08/19 | Sterling & Wilson IPO | 3125 | 780 | 700 | 725.35 | -7.01 | 309.1 | -60.37 |
| 4/7/2019 | Indiamart IPO | 474.12 | 973 | 1180 | 1302.55 | 33.87 | 2,028.00 | 108.43 |
| 8/5/2019 | Neogen IPO | 131.48 | 0 | 251 | 263.55 | 0 | 361 | |
| 15/04/19 | Metropolis IPO | 1200.18 | 880 | 960 | 959.55 | 9.04 | 1,292.50 | 46.88 |
| 11/4/2019 | Rail Vikas IPO | 430.88 | 19 | 19 | 19.05 | 0.26 | 23.2 | 22.11 |
| 1/4/2019 | Embassy Office IPO | 4750 | 300 | 300 | 314.1 | 4.7 | 425.85 | 41.95 |
| 29/03/19 | MSTC IPO | 213.81 | 128 | 111 | 114.2 | -10.78 | 141.75 | 10.74 |
| 7/2/2019 | Chalet Hotels IPO | 1628.84 | 280 | 291 | 290.4 | 3.71 | 341.85 | 22.09 |
| 4/2/2019 | Xelpmoc Design IPO | 23 | 66 | 56 | 58.8 | -10.91 | 64.6 | -2.12 |
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Disclaimer –
- IPO Grey Market Premium (IPO GMP) mention is valid for the specific date only.
- Top10stockbroker.com is not buying and selling IPO forms on IPO Gery Market.
- Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing.