Godavari Biorefineries IPO GMP Today
The Godavari Biorefineries IPO GMP is ₹5 (+1.4% over the upper price band of ₹352) as of 30 Oct 2024, giving an estimated listing price of ₹357 per share. On a minimum application of 42 shares, that is an estimated gain of ₹210. GMP has fallen by ₹20 since tracking began on 23 Oct.
Last updated
- Issue Price
- ₹352
- GMP
- ₹5
- GMP %
- +1.4%
- Est. listing
- ₹357
- Est. gain / application
- +₹210
Godavari Biorefineries IPO GMP trend
Tracked for 8 days. High ₹25 on 23 Oct, low ₹5 on 25 Oct.
Godavari Biorefineries IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (42 sh) |
|---|---|---|---|---|---|
| (latest) | ₹5 | 0 | 1.42% | ₹357 | +₹210 |
| ₹5 | 0 | 1.42% | ₹357 | +₹210 | |
| ₹5 | 0 | 1.42% | ₹357 | +₹210 | |
| ₹5 | 0 | 1.42% | ₹357 | +₹210 | |
| ₹5 | 0 | 1.42% | ₹357 | +₹210 | |
| ₹5 | -₹10 | 1.42% | ₹357 | +₹210 | |
| ₹15 | -₹10 | 4.26% | ₹367 | +₹630 | |
| ₹25 | — | 7.10% | ₹377 | +₹1,050 |
Est. listing = upper price band (₹352) + GMP. Est. gain = GMP × 42 shares (1 lot, the minimum application).
Godavari Biorefineries IPO subscription status
| QIB | 2.76x |
|---|---|
| bNII | 0.54x |
| sNII | 1.63x |
| Retail | 1.71x |
| Total | 1.83x |
Reading the Godavari Biorefineries IPO GMP
The grey market premium is the price above the issue price at which Godavari Biorefineries IPO shares are informally traded before listing. A GMP of ₹5 on an upper band of ₹352 suggests the shares could open around ₹357, 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.
Godavari Biorefineries IPO GMP: FAQs
- What is Godavari Biorefineries IPO GMP today?
- The latest grey market premium (GMP) for the Godavari Biorefineries IPO is ₹5 as of 30 October 2024, which is 1.42% over the upper price band of ₹352.
- What is the expected listing price of Godavari Biorefineries IPO?
- Based on the current GMP, the estimated listing price of Godavari Biorefineries IPO is ₹357 per share (₹352 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 Godavari Biorefineries IPO?
- The lot size is 42 shares. The minimum application is 1 lot, which costs ₹14,784 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.