LAXMI ORGANIC IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Laxmi Organic IPO GMP Today, Laxmi Organic Industries Ltd IPO Grey Market Premium Updates | Laxmi Organic IPO Listing Gain, Latest target, Opening gain

LAXMI ORGANIC initial public offer (IPO) is set to open for subscription on March 15 and close on March 18, after it received capital market regulator Sebi’s go-ahead to raise Rs 600 crore through public issue.

Laxmi Organic is the leading manufacturer of ethyl acetate with over 30% market share in the Indian ethyl acetate market and the only manufacturer of diketene derivatives in India.

Laxmi Organic Industries Ltd is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI).

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

Laxmi Organic IPO Details:

Issuer Laxmi Organic Industries Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: March 15, 2021
Issue Closes: March 17, 2021
Price Brand ₹129 to ₹130 Per Share
Issue Size ₹600 Crores
Face Value Rs.2 per Equity Share
Market Lot 115 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 ₹  300 Cr
Fresh Issue ₹  300 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 55,43,052 Shares
Grey Market Price Laxmi Organic IPO GMP Today

Laxmi Organic Listing

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Laxmi Organic IPO Review

LAXMI ORGANIC IPO GMP Rates day by day

LAXMI ORGANIC Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
24 MAR 2021 65    
23 MAR 2021 70    
22 MAR 2021 55    
21 MAR 2021 60 400 6000
20 MAR 2021 60 400 6500
19 MAR 2021 75 400 6500
18 MAR 2021 70 500 6500
17 MAR 2021 85 400 7000
16 MAR 2021 90 400 6000
15 MAR 2021 95 400 7000
14 MAR 2021 90 450 7000
13 MAR 2021 90 450 7000
12 MAR 2021 85 450 7000
11 MAR 2021 85    
10 MAR 2021 90 300 4000
09 MAR 2021 125 400 4000
08 MAR 2021 125 300 4000
07 MAR 2021 ₹N/A ₹N/A ₹N/A

LAXMI ORGANIC IPO Market Lot:

 Lot Size:  Minimum 115 Shares & Maximum 1495 Shares
 Minimum Amount:  ₹14,950
 Maximum Amount: ₹194,350

LAXMI ORGANIC 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:- LAXMI ORGANIC IPO Allotment Status

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.

LAXMI ORGANIC IPO GMP FAQs

What is the Grey Market Premium of LAXMI ORGANIC IPO?

The Grey Market Premium of LAXMI ORGANIC IPO is approx. 125 at the moment.

What is the Subject to Sauda price for LAXMI ORGANIC IPO?

The Subject to Sauda price for LAXMI ORGANIC IPO is approx. ₹4000

How much will be listing gain in LAXMI ORGANIC IPO?

LAXMI ORGANIC IPO listing gain will be approx. ₹13000 (update on a daily basis)

What is kostak price of LAXMI ORGANIC IPO?

The Kostak price of LAXMI ORGANIC IPO is approx. ₹300

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