Newmalayalam Steel IPO GMP Today
The Newmalayalam Steel IPO GMP is ₹30 (+33.3% over the upper price band of ₹90) as of 27 Dec 2024, giving an estimated listing price of ₹120 per share. On a minimum application of 3,200 shares, that is an estimated gain of ₹96,000. GMP has held steady at ₹30 since tracking began on 18 Dec.
Last updated
- Issue Price
- ₹90
- GMP
- ₹30
- GMP %
- +33.3%
- Est. listing
- ₹120
- Est. gain / application
- +₹96,000
Newmalayalam Steel IPO GMP trend
Tracked for 10 days. High ₹30 on 18 Dec, low ₹30 on 18 Dec.
Newmalayalam Steel IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (3,200 sh) |
|---|---|---|---|---|---|
| (latest) | ₹30 | 0 | 33.33% | ₹120 | +₹96,000 |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | 0 | 33.33% | ₹120 | +₹96,000 | |
| ₹30 | — | 33.33% | ₹120 | +₹96,000 |
Est. listing = upper price band (₹90) + GMP. Est. gain = GMP × 3,200 shares (2 lots, the minimum application).
Newmalayalam Steel IPO subscription status
| QIB | 1.26x |
|---|---|
| Retail | 87.71x |
| Total | 50.74x |
Reading the Newmalayalam Steel IPO GMP
The grey market premium is the price above the issue price at which Newmalayalam Steel IPO shares are informally traded before listing. A GMP of ₹30 on an upper band of ₹90 suggests the shares could open around ₹120, 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.
Newmalayalam Steel IPO GMP: FAQs
- What is Newmalayalam Steel IPO GMP today?
- The latest grey market premium (GMP) for the Newmalayalam Steel IPO is ₹30 as of 27 December 2024, which is 33.33% over the upper price band of ₹90.
- What is the expected listing price of Newmalayalam Steel IPO?
- Based on the current GMP, the estimated listing price of Newmalayalam Steel IPO is ₹120 per share (₹90 issue price + ₹30 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Newmalayalam Steel IPO?
- The lot size is 1,600 shares. The minimum application is 2 lots (3,200 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.