Penna Cement Industries IPO GMP – Check Latest IPO Grey Market Premium
Penna Cement Industries is about to release its IPO on NA, 2021. The issue is closing on NA and is currently having an active grey market. The Penna Cement Industries 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 Penna Cement Industries IPO. The company is intended to raise Rs NA crore by the released issue.
Penna Cement Industries 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 related to know the IPO size, price band along with listing details and more.
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda (in INR)|
Check out Related IPO Links:
|Review Penna Cement Industries IPO|
|Penna Cement IPO Allotment|
|LIVE Subscription – Penna Cement IPO|
|Penna Cement Share Price|
Penna Cement Industries 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||NA|
|IPO Close Date||NA|
|Basis of Allotment Date||–|
|Initiation of Refunds||–|
|Credit of Shares to Demat Account||–|
|IPO Listing Date||–|
Penna Cement Industries IPO – Financial Performance
The below given table will give you the overall idea of the company’s financial performance. Check their net profit and loss statement about Penna Cement Industries IPO.
|Amount (in INR & millions)|
|Profit After Tax||1,520.73||230.24||851.33|
Earnings per Equity Share (in Millions)
|Basic & Diluted||11.36||1.72||6.36|
FAQs Related to Penna Cement Industries IPO GMP
What is the current Penna Cement Industries IPO GMP Price?
As on today, the Penna Cement Industries IPO GMP is Rs NA.
What is the current Penna Cement Industries IPO Kostak Rate?
The Kostak rate is Rs NA for Penna Cement Industries IPO.
What is today’s Penna Cement Industries IPO Subject to Sauda Rate?
As on today, the Penna Cement Industries IPO Subject to Sauda is Rs NA.
Where to Check Penna Cement Industries 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: https://top10stockbroker.com/ipo-allotment-status/
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded for in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically a 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 any time. Hence, it is an unofficial trading and hence, not “illegal”.
The Penna Cement Industries IPO GMP which is mentioned in the table here is only valid for 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 of the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on IPO Grey market.
It is also requested that please do not subscribe for any 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 Fundamental of the companies.