Check out the Latest Muthoot Microfin IPO GMP price aka Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today.
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Muthoot Microfin IPO is open for subscription on December 2023 and will close on December 2023. The company is going to raise ₹1350 crores via IPO. They are the fourth largest NBFC-MFI in India in terms of gross loan portfolio and also the third largest amongst NBFC-MFIs in South India in terms of gross loan portfolio, the largest in Kerala in terms of MFI market share, and a key player in Tamil Nadu with an almost 16% market share as of December 31, 2022. The Muthoot Microfin IPO price band is fixed at ₹ 277 to ₹ 291 Per Equity Share. The IPO is going to be listed on BSE and NSE both.
What is Muthoot Microfin IPO GMP Price Today?
The Muthoot Microfin IPO GMP Price aka Grey Market Premium is ₹88 as of Today.
What is Muthoot Microfin IPO Kostak Rates Today?
The Muthoot Microfin IPO Kostak Rate is ₹-.
What is Muthoot Microfin IPO Subject to Sauda Price Today?
The Muthoot Microfin IPO subject to sauda rates is ₹-3400.
What is Muthoot Microfin IPO Expected Returns?
The Muthoot Microfin IPO expected return is 30.24%.
Check Muthoot Microfin IPO Complete Details, Date, Price Band, Promoters and complete Analysis
Muthoot Microfin IPO GMP Live Rates Day by day
| Date | Price | GMP | Subject to Sauda | Expecte Listing Pice | Last Updated at |
|---|---|---|---|---|---|
| December 15, 2023 | ₹ 291 | ₹ 88 | ₹ 3400 | ₹ 379 (30.24%) | 15-Dec-2023 22:55 |
| December 14, 2023 | ₹ 291 | ₹ 90 | ₹ 3500 | ₹ 381 (30.93%) | 14-Dec-2023 20:46 |
| December 13, 2023 | ₹ 291 | ₹ 105 | ₹ 4100 | ₹ 396 (36.08%) | 13-Dec-2023 21:01 |
| December 12, 2023 | ₹ | ₹ 160 | ₹ | ₹ | 12-Dec-2023 21:07 |
| 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.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- 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.