IRFC IPO GMP Today, Latest IRFC IPO Grey Market Premium Updates

IRFC IPO GMP Today, IRFC IPO Grey Market Premium Updates | Indian Railway Finance Corporation IPO Listing Gain, Latest target, Opening gain

Indian Railway Finance Corporation (IRFC), is expected to launch its initial public offering (IPO) for subscription next week. This will be the fifth railways company to hit the Stock market since 2017.

The IRFC IPO will see sale of 178.21 crore equity shares, comprising a fresh issue of 118.80 crore equity shares, and an offer for sale of 59.4 crore equity shares by the Government of India.

This translates into an issue size of Rs 4,600 crore, out of which the fresh issuance will comprise Rs 3,100 crore and OFS Rs 1,500 crore. Stay tuned for IRFC IPO date, price band and market lot details.

IRFC IPO Details:

Issuer Indian Railway Finance Corporation
Issue Type Book Built Issue IPO
Issue Period Issue Opens: January 18, 2021
Issue Closes: January 20, 2021
Price Brand ₹25 to ₹26 Per Share
Issue Size ₹4633 Crores (Approx.)
Face Value Rs.10 per Equity Share
Market Lot 575 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 ₹1544 Cr
Fresh Issue ₹3088Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 178.21 CR Equity Shares
Grey Market Price IRFC IPO GMP Today

LATEST IPO GMP UPDATES

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IRFC IPO Review

IRFC IPO GMP Rates day by day

IRFC Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
       
29 JAN 2021      
28 JAN 2021      
27 JAN 2021 0.30 ₹N/A ₹400
26 JAN 2021 0.50 ₹N/A ₹400
25 JAN 2021 0.50 ₹N/A ₹400
24 JAN 2021 1 ₹N/A ₹400
23 JAN 2021 0.60 100 ₹N/A
22 JAN 2021 0.80 100 ₹N/A
21 JAN 2021 0.70 300 ₹N/A
20 JAN 2021 1 300 ₹N/A
19 JAN 2021 1.25 350 ₹N/A
18 JAN 2021 1.50 350 ₹N/A
17 JAN 2021 1.30 350 ₹N/A
16 JAN 2021 1.50 400 ₹N/A
15 JAN 2021 1.40 400 ₹N/A
14 JAN 2021 1.40 400 ₹N/A
13 JAN 2021 1.75 600 1300
12 JAN 2021 1.75 600 1300
11 JAN 2021 1.75 600 1300
10 JAN 2021 2 600 1300
09 JAN 2021 2 600 1300
08 JAN 2021 3 600 1300
07 JAN 2021 3.5 600 1300
06 JAN 2021 3.5 650 1500
05 JAN 2021 3.5 600 1500
04 JAN 2021 2.5 550 ₹N/A
03 JAN 2021 2.5 550 ₹N/A
02 JAN 2021 2.5 550 ₹N/A
01 JAN 2021 2 550 ₹N/A
31 DEC 2020 2.5 550 ₹N/A
30 DEC 2020 2 550 ₹N/A
13 DEC 2020 2 550 ₹N/A
12 DEC 2020 2 550 ₹N/A
11 DEC 2020 3 550 ₹N/A
10 DEC 2020 3 550 ₹N/A
09 DEC 2020 2.5 550 ₹N/A
08 DEC 2020 2 550 ₹N/A
07 DEC 2020 2 550 ₹N/A

UPCOMING IPO IN JANUARY 2021

IRFC IPO Market Lot:

 Lot Size:  Minimum 575 Shares & Maximum 7475 Shares
 Minimum Amount:  ₹14950/-
 Maximum Amount:  ₹194350/-

IRFC IPO Allotment & Listing:

 Basis of Allotment: January 25, 2021
 Refunds: January 27, 2021
 Credit to Demat Account: January 28, 2021
 Listing Date: January 29, 2021

Disclaimer:

– 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.

IRFC IPO GMP FAQs

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

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

What is the Subject to Sauda price for IRFC IPO?

The Subject to Sauda price for IRFC IPO is approx. Rs. 500/-

How much will be listing gain in IRFC IPO?

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

What is kostak price of IRFC IPO?

The Kostak price of IRFC IPO is approx. Rs 550/-.

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