India Pesticides IPO GMP Today, India Pesticides IPO Grey Market Premium Updates | India Pesticides IPO Listing Gain, Latest target, Opening gain

India Pesticides initial public offer (IPO) is set to open for subscription on June 23 and close on June 25, after it received capital market regulator Sebi’s go-ahead to raise Rs 800 crore through public issue.

India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 1 Technicals and 2. Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs).

It is the sole Indian manufacturer of several Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The company also manufactures 30+ formulations of insecticides, fungicides, and herbicides.

Check out India Pesticides IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

India Pesticides IPO Details:

Issuer India Pesticides Limited (IPL)
Issue Type Book Built Issue IPO
Issue Period Issue Opens: June 23, 2021
Issue Closes: June 25, 2021
Price Brand ₹ 290 to ₹ 296 Per Share
Issue Size ₹800 Crores
Face Value Rs. 1 per Equity Share
Market Lot 50 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
Fresh Issue ₹ 100 Cr
Offer for Sale ₹ 700 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 23648648 Shares
Grey Market Price India Pesticides IPO GMP Today


India Pesticides IPO REVIEW

India Pesticides IPO Allotment

India Pesticides IPO Listing

India Pesticides IPO GMP Rates day by day

India Pesticides IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
05 July 2021      
04 July 2021 61   3000
03 July 2021 50    
02 July 2021 50    
01 July 2021 36    
30 June 2021 31    
29 June 2021 38    
28 June 2021 45 150 1000
27 June 2021 45    
26 June 2021 45    
25 June 2021 33    
24 June 2021 45 250  
23 June 2021 60 500 2500
22 June 2021 90 200 2500
21 June 2021 103 300 3000
20 June 2021 103 300 3000
19 June 2021 105    
18 June 2021 95    
17 June 2021 No Trades    

How to Apply for India Pesticides IPO :

If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join 1 million+ family of happy customers.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

India Pesticides IPO Market Lot:

 Lot Size:  Minimum 50 Shares & Maximum 650 Shares
 Minimum Amount:  ₹14800
 Maximum Amount: ₹192400

India Pesticides IPO Allotment & Listing:

 Basis of Allotment: June 30, 2021
 Refunds: July 1, 2021
 Credit to Demat Account: July 2, 2021
 Listing Date: July 5, 2021

Check:- India Pesticides 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:


India Pesticides Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means India Pesticides Limited applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

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.


What is the Grey Market Premium (GMP) price of INDIA PESTICIDES IPO?

The Grey Market Premium of INDIA PESTICIDES IPO is approx. Rs.1000 at the moment.

What is the Subject to Sauda price for INDIA PESTICIDES IPO?

The Subject to Sauda price for INDIA PESTICIDES IPO is approx. Rs. 00/-

How much will be listing gain in INDIA PESTICIDES IPO?

INDIA PESTICIDES IPO listing gain will be approx. Rs.1000/- (update on a daily basis)

What is kostak price of INDIA PESTICIDES IPO?

The Kostak price of INDIA PESTICIDES IPO is approx. Rs 150/-.