Check out the Latest India Shelter Finance IPO GMP price aka Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. The company is going to raise1,200 crore via IPO and will open for subscribers on 13th December 2023 and it will remain open till 15th December 2023.
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India Shelter Finance Corporation Limited, established in 1998, specializes in housing finance. As an unlisted public company headquartered in Gurgaon, Haryana, it offers a range of mortgage financing services. These include TV Commercial Loans, loans for new home purchases, construction loans, and loans against property. The company has a well-established network of 214 branches across 15 states and focuses on making affordable housing accessible to a wide audience. The IPO price band is fixed at ₹ 469 to ₹ 493 Per Equity Share. The India Shelter Finance IPO is going to be listed on BSE and NSE both.
What is India Shelter Finance IPO GMP Price Today?
The India Shelter Finance IPO GMP Price aka Grey Market Premium is ₹ 143 as of Today.
What is India Shelter Finance IPO Kostak Rates Today?
The India Shelter Finance IPO Kostak Rate is ₹-.
What is India Shelter Finance IPO Subject to Sauda Price Today?
The India Shelter Finance IPO subject to sauda rates is ₹ 3300.
What is India Shelter Finance IPO Expected Returns?
The India Shelter Finance IPO expected return is 29.01%.
To Check Out India Shelter Finance IPO Complete Details Click Here
India Shelter Finance IPO GMP Live Rates Day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
|---|---|---|---|
| 15 December | ₹ 143 | ₹- | ₹ 3300 |
| 14 December | ₹ 151 | ₹- | ₹ 3400 |
| 13 December | ₹ 170 | ₹- | ₹ 3900 |
| 12 December | ₹ 135🔻 | ₹- | ₹ 3200🔻 |
| 11 December | ₹ 150🔻 | ₹- | ₹ 3400🔻 |
| 10 December | ₹ 190 🔻 | ₹- | ₹ 4300 🔻 |
| 9 December | ₹ 210 | ₹- | ₹ 4800 |
| 8 December | ₹- | ₹- | ₹- |
| 7 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.