Nexxus Petro Industries IPO GMP Today
The Nexxus Petro Industries IPO GMP is ₹0 (0.0% over the upper price band of ₹105) as of 4 Oct 2024, giving an estimated listing price of ₹105 per share. On a minimum application of 2,400 shares, that is an estimated gain of ₹0.
Last updated
- Issue Price
- ₹105
- GMP
- ₹0
- GMP %
- 0.0%
- Est. listing
- ₹105
- Est. gain / application
- ₹0
Nexxus Petro Industries IPO GMP trend
Tracked for 1 day. High ₹0 on 4 Oct, low ₹0 on 4 Oct.
Nexxus Petro Industries IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (2,400 sh) |
|---|---|---|---|---|---|
| (latest) | ₹0 | — | 0.00% | ₹105 | ₹0 |
Est. listing = upper price band (₹105) + GMP. Est. gain = GMP × 2,400 shares (2 lots, the minimum application).
Nexxus Petro Industries IPO subscription status
| Retail | 8.48x |
|---|---|
| Total | 8.50x |
Reading the Nexxus Petro Industries IPO GMP
The grey market premium is the price above the issue price at which Nexxus Petro Industries IPO shares are informally traded before listing. A GMP of ₹0 on an upper band of ₹105 suggests the shares could open around ₹105, 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.
A zero GMP means grey market participants currently expect little or no premium on listing.
Nexxus Petro Industries IPO GMP: FAQs
- What is Nexxus Petro Industries IPO GMP today?
- The latest grey market premium (GMP) for the Nexxus Petro Industries IPO is ₹0 as of 4 October 2024, which is 0.00% over the upper price band of ₹105.
- What is the expected listing price of Nexxus Petro Industries IPO?
- Based on the current GMP, the estimated listing price of Nexxus Petro Industries IPO is ₹105 per share (₹105 issue price + ₹0 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Nexxus Petro Industries IPO?
- The lot size is 1,200 shares. The minimum application is 2 lots (2,400 shares), which costs ₹2,52,000 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.