Jyoti CNC Automation IPO GMP Today
The Jyoti CNC Automation IPO GMP is ₹38 (+11.5% over the upper price band of ₹331) as of 16 Jan 2024, giving an estimated listing price of ₹369 per share. On a minimum application of 45 shares, that is an estimated gain of ₹1,710.
Last updated
- Issue Price
- ₹331
- GMP
- ₹38
- GMP %
- +11.5%
- Est. listing
- ₹369
- Est. gain / application
- +₹1,710
Jyoti CNC Automation IPO GMP trend
Tracked for 1 day. High ₹38 on 16 Jan, low ₹38 on 16 Jan.
Jyoti CNC Automation IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (45 sh) |
|---|---|---|---|---|---|
| (latest) | ₹38 | — | 11.48% | ₹369 | +₹1,710 |
Est. listing = upper price band (₹331) + GMP. Est. gain = GMP × 45 shares (1 lot, the minimum application).
Jyoti CNC Automation IPO subscription status
| QIB | 46.37x |
|---|---|
| bNII | 42.77x |
| sNII | 29.47x |
| Retail | 27.50x |
| Total | 40.49x |
Reading the Jyoti CNC Automation IPO GMP
The grey market premium is the price above the issue price at which Jyoti CNC Automation IPO shares are informally traded before listing. A GMP of ₹38 on an upper band of ₹331 suggests the shares could open around ₹369, 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.
Jyoti CNC Automation IPO GMP: FAQs
- What is Jyoti CNC Automation IPO GMP today?
- The latest grey market premium (GMP) for the Jyoti CNC Automation IPO is ₹38 as of 16 January 2024, which is 11.48% over the upper price band of ₹331.
- What is the expected listing price of Jyoti CNC Automation IPO?
- Based on the current GMP, the estimated listing price of Jyoti CNC Automation IPO is ₹369 per share (₹331 issue price + ₹38 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Jyoti CNC Automation IPO?
- The lot size is 45 shares. The minimum application is 1 lot, which costs ₹14,895 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.