Gala Precision Engineering IPO GMP Today
The Gala Precision Engineering IPO GMP is ₹260 (+49.1% over the upper price band of ₹529) as of 4 Sep 2024, giving an estimated listing price of ₹789 per share. On a minimum application of 28 shares, that is an estimated gain of ₹7,280. GMP has risen by ₹260 since tracking began on 27 Aug.
Last updated
- Issue Price
- ₹529
- GMP
- ₹260
- GMP %
- +49.1%
- Est. listing
- ₹789
- Est. gain / application
- +₹7,280
Gala Precision Engineering IPO GMP trend
Tracked for 10 days. High ₹268 on 2 Sep, low ₹0 on 27 Aug.
Gala Precision Engineering IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (28 sh) |
|---|---|---|---|---|---|
| (latest) | ₹260 | +₹30 | 49.15% | ₹789 | +₹7,280 |
| ₹230 | -₹38 | 43.48% | ₹759 | +₹6,440 | |
| ₹268 | +₹28 | 50.66% | ₹797 | +₹7,504 | |
| ₹240 | 0 | 45.37% | ₹769 | +₹6,720 | |
| ₹240 | +₹40 | 45.37% | ₹769 | +₹6,720 | |
| ₹200 | +₹200 | 37.81% | ₹729 | +₹5,600 | |
| ₹0 | 0 | 0.00% | ₹529 | ₹0 | |
| ₹0 | 0 | 0.00% | ₹529 | ₹0 | |
| ₹0 | 0 | 0.00% | ₹529 | ₹0 | |
| ₹0 | — | 0.00% | ₹529 | ₹0 |
Est. listing = upper price band (₹529) + GMP. Est. gain = GMP × 28 shares (1 lot, the minimum application).
Gala Precision Engineering IPO subscription status
| QIB | 232.54x |
|---|---|
| bNII | 439.67x |
| sNII | 364.53x |
| Retail | 91.95x |
| Total | 201.41x |
Reading the Gala Precision Engineering IPO GMP
The grey market premium is the price above the issue price at which Gala Precision Engineering IPO shares are informally traded before listing. A GMP of ₹260 on an upper band of ₹529 suggests the shares could open around ₹789, 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. Check it together with the subscription numbers and the company's financials before applying.
Gala Precision Engineering IPO GMP: FAQs
- What is Gala Precision Engineering IPO GMP today?
- The latest grey market premium (GMP) for the Gala Precision Engineering IPO is ₹260 as of 4 September 2024, which is 49.15% over the upper price band of ₹529.
- What is the expected listing price of Gala Precision Engineering IPO?
- Based on the current GMP, the estimated listing price of Gala Precision Engineering IPO is ₹789 per share (₹529 issue price + ₹260 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Gala Precision Engineering IPO?
- The lot size is 28 shares. The minimum application is 1 lot, which costs ₹14,812 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.