Danish Power IPO GMP Today
The Danish Power IPO GMP is ₹246 (+64.7% over the upper price band of ₹380) as of 29 Oct 2024, giving an estimated listing price of ₹626 per share. On a minimum application of 600 shares, that is an estimated gain of ₹1,47,600. GMP has risen by ₹96 since tracking began on 19 Oct.
Last updated
- Issue Price
- ₹380
- GMP
- ₹246
- GMP %
- +64.7%
- Est. listing
- ₹626
- Est. gain / application
- +₹1,47,600
Danish Power IPO GMP trend
Tracked for 11 days. High ₹300 on 24 Oct, low ₹150 on 19 Oct.
Danish Power IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (600 sh) |
|---|---|---|---|---|---|
| (latest) | ₹246 | 0 | 64.74% | ₹626 | +₹1,47,600 |
| ₹246 | 0 | 64.74% | ₹626 | +₹1,47,600 | |
| ₹246 | +₹16 | 64.74% | ₹626 | +₹1,47,600 | |
| ₹230 | -₹30 | 60.53% | ₹610 | +₹1,38,000 | |
| ₹260 | -₹40 | 68.42% | ₹640 | +₹1,56,000 | |
| ₹300 | +₹10 | 78.95% | ₹680 | +₹1,80,000 | |
| ₹290 | +₹25 | 76.32% | ₹670 | +₹1,74,000 | |
| ₹265 | 0 | 69.74% | ₹645 | +₹1,59,000 | |
| ₹265 | +₹105 | 69.74% | ₹645 | +₹1,59,000 | |
| ₹160 | +₹10 | 42.11% | ₹540 | +₹96,000 | |
| ₹150 | — | 39.47% | ₹530 | +₹90,000 |
Est. listing = upper price band (₹380) + GMP. Est. gain = GMP × 600 shares (2 lots, the minimum application).
Danish Power IPO subscription status
| QIB | 104.79x |
|---|---|
| Retail | 79.88x |
| Total | 129.11x |
Reading the Danish Power IPO GMP
The grey market premium is the price above the issue price at which Danish Power IPO shares are informally traded before listing. A GMP of ₹246 on an upper band of ₹380 suggests the shares could open around ₹626, if grey market sentiment holds until listing day.
GMP is not set by the company, the exchanges or SEBI. It moves daily with market conditions and subscription demand, and SME GMP in particular can swing sharply on low volumes. Check it together with the subscription numbers and the company's financials before applying.
Danish Power IPO GMP: FAQs
- What is Danish Power IPO GMP today?
- The latest grey market premium (GMP) for the Danish Power IPO is ₹246 as of 29 October 2024, which is 64.74% over the upper price band of ₹380.
- What is the expected listing price of Danish Power IPO?
- Based on the current GMP, the estimated listing price of Danish Power IPO is ₹626 per share (₹380 issue price + ₹246 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Danish Power IPO?
- The lot size is 300 shares. The minimum application is 2 lots (600 shares), which costs ₹2,28,000 at the upper price band.
- Is IPO GMP reliable?
- GMP reflects unofficial trades before listing and changes daily with market mood and subscription demand. It is a useful sentiment indicator but often differs from the actual listing price, so use it alongside the company's financials and subscription data.
GMP is an unofficial indicator compiled from grey market sources and is not investment advice. Actual listing prices can differ significantly. Read the offer document before investing.