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|
|Listing at||NSE & BSE|
|Apply With||Upstox Free DEMAT Account|
|Equity||178.21 CR Equity Shares|
|Grey Market Price||IRFC IPO GMP Today|
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|UPCOMING IPO 2021||UPCOMING DIVIDEND|
|UPCOMING BUYBACK 2021||UPCOMING NCD 2021|
|Best Stocks to buy for 2021||Latest IPO Grey Market Premium|
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
|Indigo Paints IPO GMP Today|
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|Home First IPO GMP today|
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IRFC IPO Market Lot:
|Lot Size:||Minimum 575 Shares & Maximum 7475 Shares|
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|
– 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
The Grey Market Premium of IRFC IPO is approx. Rs.1000 at the moment.
The Subject to Sauda price for IRFC IPO is approx. Rs. 500/-
IRFC IPO listing gain will be approx. Rs.1000/- (update on a daily basis)
The Kostak price of IRFC IPO is approx. Rs 550/-.