Resourceful Automobile IPO GMP Today
The Resourceful Automobile IPO GMP is ₹105 (+89.7% over the upper price band of ₹117) as of 26 Aug 2024, giving an estimated listing price of ₹222 per share. On a minimum application of 2,400 shares, that is an estimated gain of ₹2,52,000. GMP has risen by ₹85 since tracking began on 18 Aug.
Last updated
- Issue Price
- ₹117
- GMP
- ₹105
- GMP %
- +89.7%
- Est. listing
- ₹222
- Est. gain / application
- +₹2,52,000
Resourceful Automobile IPO GMP trend
Tracked for 10 days. High ₹105 on 26 Aug, low ₹20 on 18 Aug.
Resourceful Automobile IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (2,400 sh) |
|---|---|---|---|---|---|
| (latest) | ₹105 | +₹20 | 89.74% | ₹222 | +₹2,52,000 |
| ₹85 | 0 | 72.65% | ₹202 | +₹2,04,000 | |
| ₹85 | +₹35 | 72.65% | ₹202 | +₹2,04,000 | |
| ₹50 | -₹5 | 42.74% | ₹167 | +₹1,20,000 | |
| ₹55 | -₹15 | 47.01% | ₹172 | +₹1,32,000 | |
| ₹70 | -₹10 | 59.83% | ₹187 | +₹1,68,000 | |
| ₹80 | -₹5 | 68.38% | ₹197 | +₹1,92,000 | |
| ₹85 | +₹65 | 72.65% | ₹202 | +₹2,04,000 | |
| ₹20 | 0 | 17.09% | ₹137 | +₹48,000 | |
| ₹20 | — | 17.09% | ₹137 | +₹48,000 |
Est. listing = upper price band (₹117) + GMP. Est. gain = GMP × 2,400 shares (2 lots, the minimum application).
Resourceful Automobile IPO subscription status
| Retail | 496.22x |
|---|---|
| Total | 418.82x |
Reading the Resourceful Automobile IPO GMP
The grey market premium is the price above the issue price at which Resourceful Automobile IPO shares are informally traded before listing. A GMP of ₹105 on an upper band of ₹117 suggests the shares could open around ₹222, 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.
Resourceful Automobile IPO GMP: FAQs
- What is Resourceful Automobile IPO GMP today?
- The latest grey market premium (GMP) for the Resourceful Automobile IPO is ₹105 as of 26 August 2024, which is 89.74% over the upper price band of ₹117.
- What is the expected listing price of Resourceful Automobile IPO?
- Based on the current GMP, the estimated listing price of Resourceful Automobile IPO is ₹222 per share (₹117 issue price + ₹105 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Resourceful Automobile IPO?
- The lot size is 1,200 shares. The minimum application is 2 lots (2,400 shares), which costs ₹2,80,800 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.