Neelam Linens and Garments IPO GMP Today
The Neelam Linens and Garments IPO GMP is ₹14 (+58.3% over the upper price band of ₹24) as of 18 Nov 2024, giving an estimated listing price of ₹38 per share. On a minimum application of 12,000 shares, that is an estimated gain of ₹1,68,000. GMP has risen by ₹4 since tracking began on 12 Nov.
Last updated
- Issue Price
- ₹24
- GMP
- ₹14
- GMP %
- +58.3%
- Est. listing
- ₹38
- Est. gain / application
- +₹1,68,000
Neelam Linens and Garments IPO GMP trend
Tracked for 7 days. High ₹14 on 14 Nov, low ₹10 on 12 Nov.
Neelam Linens and Garments IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (12,000 sh) |
|---|---|---|---|---|---|
| (latest) | ₹14 | 0 | 58.33% | ₹38 | +₹1,68,000 |
| ₹14 | 0 | 58.33% | ₹38 | +₹1,68,000 | |
| ₹14 | 0 | 58.33% | ₹38 | +₹1,68,000 | |
| ₹14 | 0 | 58.33% | ₹38 | +₹1,68,000 | |
| ₹14 | +₹4 | 58.33% | ₹38 | +₹1,68,000 | |
| ₹10 | 0 | 41.67% | ₹34 | +₹1,20,000 | |
| ₹10 | — | 41.67% | ₹34 | +₹1,20,000 |
Est. listing = upper price band (₹24) + GMP. Est. gain = GMP × 12,000 shares (2 lots, the minimum application).
Neelam Linens and Garments IPO subscription status
| QIB | 15.40x |
|---|---|
| Retail | 57.84x |
| Total | 92.05x |
Reading the Neelam Linens and Garments IPO GMP
The grey market premium is the price above the issue price at which Neelam Linens and Garments IPO shares are informally traded before listing. A GMP of ₹14 on an upper band of ₹24 suggests the shares could open around ₹38, 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.
Neelam Linens and Garments IPO GMP: FAQs
- What is Neelam Linens and Garments IPO GMP today?
- The latest grey market premium (GMP) for the Neelam Linens and Garments IPO is ₹14 as of 18 November 2024, which is 58.33% over the upper price band of ₹24.
- What is the expected listing price of Neelam Linens and Garments IPO?
- Based on the current GMP, the estimated listing price of Neelam Linens and Garments IPO is ₹38 per share (₹24 issue price + ₹14 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Neelam Linens and Garments IPO?
- The lot size is 6,000 shares. The minimum application is 2 lots (12,000 shares), which costs ₹2,88,000 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.