What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the price band for Gayatri Rubbers and Chemicals Limited IPO?

The price band for Gayatri Rubbers and Chemicals Limited IPO is set at ₹30 to ₹30 per equity share with a minimum lot size of 4000 shares.

When does Gayatri Rubbers and Chemicals Limited IPO open and close?

The Gayatri Rubbers and Chemicals Limited IPO opens on 2023-01-25 and closes on 2023-01-30. The allotment date is 2023-02-02 and the listing date is 2023-02-07.

What is the current GMP of Gayatri Rubbers and Chemicals Limited IPO?

The current grey market premium (GMP) for Gayatri Rubbers and Chemicals Limited IPO is ₹4, implying an estimated listing price of ₹34 (13.33% gain over the upper price band).

How do I check Gayatri Rubbers and Chemicals Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Skyline Financial Services Private Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Gayatri Rubbers and Chemicals Limited

ListedSME

Chemicals & Manufacturing · NSE

Formally incorporated in 2022, Gayatri Rubbers and Chemicals Limited is engaged in the manufacturing and trading of rubber profiles, aluminum rubber profiles, automobile rubber profiles, rubber compounds, various rubber components, and clear PVC profiles. These products are supplied to dealers such as Banco, Nalco, and Jindal in the aluminum sector, Motherson Sumi agents, and state transport authorities in the automobile sector, while the rubber compounds are used by various manufacturers and OEMs. The company’s product range broadly includes rubber profiles, rubber compounds, auto glass rubber, and sponge rubber for heavy industries. Under the leadership of promoter Mr. Manoj Kumar Aggarwal, who brings over two decades of industry experience, the company operates from its manufacturing unit in Ballabhgarh, spanning three floors with approximately 4,500 sq. ft. area each.

Price Band

₹30

Issue Size

₹4.58 Cr

Lot Size

4000 shares

GMP

₹4

+13.3%

Est. Listing

₹34

at current GMP

Subscribed

37.94x

overall

Open

25 Jan 2023

30 Jan 2023

Allotment

2 Feb 2023

Refund

3 Feb 2023

Demat Credit

4 Feb 2023

Listing

7 Feb 2023

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Chemicals & Manufacturing segment
•Price band established at ₹30 - ₹30 per equity share
•Minimum bid lot is 4000 shares
•Estimated listing target of ₹34 based on current grey market activity