Check out the Latest Happy Forgings Limited IPO GMP price aka Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today.
Table of Contents
Happy Forgings Limited IPO is open for subscription on December 19, 2023 and will close on December 21, 2023. The company is to raise ₹ 1208.59 crores via IPO. The IPO price band is fixed at ₹ 808 to ₹850 Per Equity Share. The Happy Forgings Limited IPO is to be listed on BSE and NSE.
What is Happy Forgings Limited IPO GMP Price Today?
The Happy Forgings IPO Happy Forgings Limited Price aka Grey Market Premium ₹ 460 as of Today.
What is Happy Forgings Limited IPO Kostak Rates Today?
The Happy Forgings Limited IPO Kostak Rate is ₹-.
What is Happy Forgings Limited IPO Subject to Sauda Price Today?
The Happy Forgings Limited IPO subject to sauda rates is ₹ 5900
What is Happy Forgings Limited IPO Expected Returns?
The Happy Forgings Limited IPO expected return is 54.12%.
Happy Forgings Limited IPO GMP Live Rates Day by day.
| Date | IPO Price | GMP | Subject to | Expected Listing Gain |
|---|---|---|---|---|
| 15 December | ₹ 850 | ₹ 460 | 5900 | ₹1310 (54.12%) |
| 14 December | ₹ 850 | ₹ 450 | 5800 | ₹1300 (52.94%) |
| 13 December | ₹- | ₹- | ₹- | ₹- |
What is Grey Market Premium (GMP)?
The grey market premium (GMP) in the context of an Initial Public Offering (IPO) refers to the difference between the unofficial market price of the shares and the IPO price. The grey market is an informal over-the-counter market where trading of shares takes place before they are officially listed on a stock exchange. This trading occurs among investors and brokers, and it is not regulated by stock exchanges or securities regulators. A positive GMP indicates demand at a higher price than the IPO. It serves as an informal indicator of market sentiment and demand but lacks regulatory oversight. Investors should approach GMP with caution, considering it may not accurately reflect actual market conditions post-listing.
What is Kostak Rate?
The Kostak rate is the amount that one buyer pays to the seller of an IPO application before the IPO listing. As the grey market reacts, the Kostak rates also react the same way. One can buy and sell their full IPO application on Kostak rates outside the market and fix their profit. The buyer must pay the Kostak rates for application, whether the investor gets the IPO allotment or not.
What is Subject to Sauda in IPO Grey Market?
“Subject to Sauda” on an IPO application is the agreed-upon amount when investors receive allotment for their IPO shares. Buying or selling the IPO application subject to sauda implies that the specified amount can be obtained upon allotment; otherwise, the sauda arrangement will be canceled. Profit cannot be fixed, as it depends on the share allotment in IPO application.
Dislcaimer:
- IPO Grey Market Premium mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Do not subscribe for IPO by just seeing the premium Price as it may change any time before listing. Subscribe only considering the fundamentals of the companies.