Updater Services IPO GMP / Grey Market Premium, Kostak Rates & SS TodayLast Updated Date: Sep 26, 2023
Updater Services is about to release its IPO on September 25, 2023. The issue is closing on September 27, 2023, and is currently having an active grey market. The Updater Services 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 Updater Services IPO. The company intends to raise Rs 640.00 Cr by the released issue.
Updater Services 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 listing details, and more.
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda (in INR)|
Check out Related IPO Links:
|Review Updater Services IPO|
|Updater Services IPO Allotment|
|LIVE Subscription – Updater Services IPO|
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Updater Services 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||–|
|IPO Close Date||–|
|Basis of Allotment Date||–|
|Initiation of Refunds||–|
|Credit of Shares to Demat Account||–|
|IPO Listing Date||–|
Updater Services 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 Updater Services IPO.
|Amount (in INR & Million)|
|Profit After Tax||346.05||
Earnings per Equity Share (in Million)
|Basic & Diluted||6.77||
FAQs Related to Updater Services IPO GMP
Check out FAQs on Updater Services IPO Grey Market Premium here –
What is the current Updater Services IPO GMP Price?
As of today, the Updater Services IPO GMP is Rs. NA.
What is the current Updater Services IPO Kostak Rate?
The Kostak rate is Rs NA for Updater Services IPO.
What is today’s Updater Services IPO Subject to Sauda Rate?
As of today, the Updater Services IPO Subject to Sauda is Rs NA.
Where to Check Updater Services 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”.
The Updater Services 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.