Indian Phosphate IPO GMP Today
The Indian Phosphate IPO GMP is ₹100 (+101.0% over the upper price band of ₹99) as of 29 Aug 2024, giving an estimated listing price of ₹199 per share. On a minimum application of 2,400 shares, that is an estimated gain of ₹2,40,000. GMP has fallen by ₹10 since tracking began on 26 Aug.
Last updated
- Issue Price
- ₹99
- GMP
- ₹100
- GMP %
- +101.0%
- Est. listing
- ₹199
- Est. gain / application
- +₹2,40,000
Indian Phosphate IPO GMP trend
Tracked for 11 days. High ₹135 on 28 Aug, low ₹0 on 21 Aug.
Indian Phosphate IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (2,400 sh) |
|---|---|---|---|---|---|
| (latest) | ₹100 | -₹35 | 101.01% | ₹199 | +₹2,40,000 |
| ₹135 | +₹10 | 136.36% | ₹234 | +₹3,24,000 | |
| ₹125 | +₹125 | 126.26% | ₹224 | +₹3,00,000 | |
| ₹0 | 0 | 0.00% | ₹99 | ₹0 | |
| ₹0 | 0 | 0.00% | ₹99 | ₹0 | |
| ₹0 | -₹50 | 0.00% | ₹99 | ₹0 | |
| ₹50 | -₹40 | 50.51% | ₹149 | +₹1,20,000 | |
| ₹90 | 0 | 90.91% | ₹189 | +₹2,16,000 | |
| ₹90 | 0 | 90.91% | ₹189 | +₹2,16,000 | |
| ₹90 | -₹20 | 90.91% | ₹189 | +₹2,16,000 | |
| ₹110 | — | 111.11% | ₹209 | +₹2,64,000 |
Est. listing = upper price band (₹99) + GMP. Est. gain = GMP × 2,400 shares (2 lots, the minimum application).
Reading the Indian Phosphate IPO GMP
The grey market premium is the price above the issue price at which Indian Phosphate IPO shares are informally traded before listing. A GMP of ₹100 on an upper band of ₹99 suggests the shares could open around ₹199, 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.
Indian Phosphate IPO GMP: FAQs
- What is Indian Phosphate IPO GMP today?
- The latest grey market premium (GMP) for the Indian Phosphate IPO is ₹100 as of 29 August 2024, which is 101.01% over the upper price band of ₹99.
- What is the expected listing price of Indian Phosphate IPO?
- Based on the current GMP, the estimated listing price of Indian Phosphate IPO is ₹199 per share (₹99 issue price + ₹100 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Indian Phosphate IPO?
- The lot size is 1,200 shares. The minimum application is 2 lots (2,400 shares), which costs ₹2,37,600 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.