Garuda Construction IPO GMP Today
The Garuda Construction IPO GMP is ₹5 (+5.3% over the upper price band of ₹95) as of 7 Oct 2024, giving an estimated listing price of ₹100 per share. On a minimum application of 157 shares, that is an estimated gain of ₹785. GMP has held steady at ₹5 since tracking began on 15 Oct.
Last updated
- Issue Price
- ₹95
- GMP
- ₹5
- GMP %
- +5.3%
- Est. listing
- ₹100
- Est. gain / application
- +₹785
Garuda Construction IPO GMP trend
Tracked for 6 days. High ₹22 on 6 Oct, low ₹5 on 15 Oct.
Garuda Construction IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (157 sh) |
|---|---|---|---|---|---|
| (latest) | ₹5 | 0 | 5.26% | ₹100 | +₹785 |
| ₹5 | 0 | 5.26% | ₹100 | +₹785 | |
| ₹5 | -₹13 | 5.26% | ₹100 | +₹785 | |
| ₹18 | -₹4 | 18.95% | ₹113 | +₹2,826 | |
| ₹22 | +₹17 | 23.16% | ₹117 | +₹3,454 | |
| ₹5 | — | 5.26% | ₹100 | +₹785 |
Est. listing = upper price band (₹95) + GMP. Est. gain = GMP × 157 shares (1 lot, the minimum application).
Garuda Construction IPO subscription status
| QIB | 1.24x |
|---|---|
| bNII | 7.93x |
| sNII | 11.23x |
| Retail | 10.81x |
| Total | 7.55x |
Reading the Garuda Construction IPO GMP
The grey market premium is the price above the issue price at which Garuda Construction IPO shares are informally traded before listing. A GMP of ₹5 on an upper band of ₹95 suggests the shares could open around ₹100, 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.
Garuda Construction IPO GMP: FAQs
- What is Garuda Construction IPO GMP today?
- The latest grey market premium (GMP) for the Garuda Construction IPO is ₹5 as of 7 October 2024, which is 5.26% over the upper price band of ₹95.
- What is the expected listing price of Garuda Construction IPO?
- Based on the current GMP, the estimated listing price of Garuda Construction IPO is ₹100 per share (₹95 issue price + ₹5 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Garuda Construction IPO?
- The lot size is 157 shares. The minimum application is 1 lot, which costs ₹14,915 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.