Craftsman Automation IPO GMP Today, Craftsman IPO Grey Market Premium Updates | Craftsman Automation IPO Listing Gain, Latest target, Opening gain
Craftsman Automation initial public offer (IPO) is set to open for subscription on March 15 and close on March 17, after it received capital market regulator Sebi’s go-ahead to raise Rs 823.70 crore through public issue.
Craftsman Automation Ltd is a leading engineering organization that is engaged in manufacturing precision components. The company designs, develop, and manufactures a range of engineering products. It is one of the leading players in the machining of cylinder blocks for the tractor segment.
The initial public offering comprises a fresh issue of 1,006,711 equity shares by the company and an offer for sale of 4,521,450 equity shares by promoters and investors.
Check out Craftsman Automation IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
Craftsman Automation IPO Details:
|Issuer||Craftsman Automation Ltd|
|Issue Type||Book Built Issue IPO|
|Issue Period||Issue Opens: March 15, 2021|
|Issue Closes: March 17, 2021|
|Price Brand||₹1488 to ₹1490 Per Share|
|Issue Size||₹823.70 Crores|
|Face Value||Rs.5 per Equity Share|
|Market Lot||10 Shares|
|Maximum Bid amount for Retail||Rs. 2 Lakhs|
|QIB||50% of the issue size|
|NIB||15% of the issue size|
|Retail Individual Bidders||35% of the issue size|
|Offer for Sale||₹ 673 Cr|
|Fresh Issue||₹ 150 Cr|
|Listing at||NSE & BSE|
|Apply With||Upstox Free DEMAT Account|
|Grey Market Price||Craftsman IPO GMP Today|
|UPCOMING IPO||UPCOMING DIVIDEND|
|UPCOMING BUYBACK||UPCOMING NCD 2021|
|Best Stocks to buy||Latest IPO Grey Market Premium|
UPCOMING IPO IN MARCH
Craftsman Automation IPO Review
LAXMI ORGANIC Vs ANUPAM VS CRAFTSMAN IPO
Craftsman IPO GMP Rates day by day
Craftsman Automation Grey market premium as on today
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda|
|24 MAR 2021||30|
|23 MAR 2021||33|
|22 MAR 2021||40|
|21 MAR 2021||35|
|20 MAR 2021||38|
|19 MAR 2021||35|
|18 MAR 2021||50 (Few Trades)|
|17 MAR 2021||83 (Few Trades)||₹N/A|
|16 MAR 2021||₹N/A||₹N/A|
|15 MAR 2021||170||275||₹N/A|
|14 MAR 2021||170||₹N/A|
|13 MAR 2021||170||300||₹N/A|
|12 MAR 2021||400||300||₹N/A|
|11 MAR 2021||350||300||₹N/A|
|10 MAR 2021||₹N/A||₹N/A||₹N/A|
|EaseMyTrip IPO GMP today|
|MTAR IPO GMP today|
|ANUPAM RASAYAN IPO GMP today|
|LAXMI ORGANIC IPO GMP today|
Craftsman Automation IPO Market Lot:
|Lot Size:||Minimum 10 Shares & Maximum 130 Shares|
Craftsman IPO Allotment & Listing:
|Basis of Allotment:||March 22, 2021|
|Refunds:||March 23, 2021|
|Credit to Demat Account:||March 24, 2021|
|Listing Date:||March 25, 2021|
Check:- Craftsman Automation IPO Allotment Status
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
What is Grey Market?
Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a kostak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:
– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600
As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.
Craftsman Automation IPO GMP FAQs
The Grey Market Premium of Craftsman Automation IPO is approx. 350 at the moment.
The Subject to Sauda price for Craftsman Automation IPO is approx. ₹1000
Craftsman Automation IPO listing gain will be approx. ₹3500 (update on a daily basis)
The Kostak price of Craftsman Automation IPO is approx. ₹300