Mufti Menswear IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Dec 27, 2023Mufti Menswear is about to release its IPO on December 19, 2023. The issue is closing on December 21, 2023, and is currently having an active grey market. The Mufti Menswear IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of the Mufti Menswear IPO. The company intends to raise Rs 549.78 Cr. by the released issue.
Mufti Menswear IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table to know the IPO size, price band listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 27 Dec 2023 | Rs 100 | NA | Rs 3000 |
| 26 Dec 2023 | Rs 100 | NA | Rs 3500 |
| 25 Dec 2023 | Rs 125 | NA | Rs 5000 |
| 22 Dec 2023 | Rs 125 | NA | Rs 5000 |
| 21 Dec 2023 | Rs 125 | NA | Rs 5000 |
| 20 Dec 2023 | Rs 125 | NA | Rs 5000 |
| 19 Dec 2023 | Rs 125 | NA | Rs 5000 |
| 18 Dec 2023 | Rs 125 | NA | Rs 5000 |
| 17 Dec 2023 | Rs 125 | NA | Rs 5000 |
Check out Related IPO Links:
| Review Mufti Menswear IPO |
| Mufti Menswear IPO Allotment |
| LIVE Subscription – Mufti Menswear IPO |
Open Free Demat Account Now!
Mufti Menswear IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | December 19, 2023 |
| IPO Close Date | December 21, 2023 |
| Basis of Allotment Date | December 22, 2023 |
| Initiation of Refunds | December 26, 2023 |
| Credit of Shares to Demat Account | December 26, 2023 |
| IPO Listing Date | December 27, 2023 |
Mufti Menswear IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Mufti Menswear IPO.
| Amount (in INR & Million) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 5,923.77 | 5,744.80 | 4,760.49 | 4,169.90 |
| *Total Revenue | 1,194.30 | 5,093.22 | 3,548.35 | 2,611.54 |
| Total Expense | 1,081.18 | 4,055.10 | 3,070.02 | 2,571.46 |
| Profit After Tax | 85.75 | 775.14 | 357.40 | 34.41 |
Earnings per Equity Share (in Million)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 1.33 | 12.06 | 5.60 | 0.54 |
FAQs Related to Mufti Menswear IPO GMP
Check out FAQs on Mufti Menswear IPO Grey Market Premium here –
What is the current Mufti Menswear IPO GMP Price?
As of today, the Mufti Menswear IPO GMP is Rs. 100.
What is the current Mufti Menswear IPO Kostak Rate?
The Kostak rate is Rs NA for Mufti Menswear IPO.
What is today’s Mufti Menswear IPO Subject to Sauda Rate?
As of today, the Mufti Menswear IPO Subject to Sauda is Rs 3000.
Where to Check Mufti Menswear IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
What is Kostak’s Price?
To apply for an IPO, there is an application price or application charges that come along and is known as the Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buying or selling shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange.
It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The Mufti Menswear IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. They can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.