Shyam Metalics IPO GMP Today, Shyam Metalics IPO Grey Market Premium Updates | Shyam Metalics IPO Listing Gain, Latest target, Opening gain
Shyam Metalics initial public offer (IPO) is set to open for subscription on June 14 and close on June 16, after it received capital market regulator Sebi’s go-ahead to raise Rs 909 crore through public issue.
Shyam Metalics and Energy Limited (SMEL) is India’s leading integrated metal producer company. The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India’s largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.
Check out Shyam Metalics IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
Shyam Metalics IPO Details:
|Issuer||Shyam Metalics and Energy Limited (SMEL)|
|Issue Type||Book Built Issue IPO|
|Issue Period||Issue Opens: June 14, 2021|
|Issue Closes: June 16, 2021|
|Price Brand||₹ 303 to ₹ 306 Per Share|
|Issue Size||₹909 Crores|
|Face Value||Rs. 10 per Equity Share|
|Market Lot||45 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||₹ 657 Cr|
|Offer for Sale||₹ 252 Cr|
|Listing at||NSE & BSE|
|Apply With||Upstox Free DEMAT Account|
|Grey Market Price||Shyam Metalics IPO GMP Today|
|UPCOMING IPO 2021||UPCOMING DIVIDEND|
|UPCOMING BUYBACK||UPCOMING NCD 2021|
|Best Stocks to buy||Latest IPO Grey Market Premium|
UPCOMING IPO IN JUNE 2021
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Shyam Metalics Subscription Status
Shyam Metalics IPO GMP Rates day by day
Shyam Metalics Grey market premium as on today
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda|
|20 June 2021|
|19 June 2021|
|18 June 2021|
|17 June 2021|
|16 June 2021|
|15 June 2021|
|14 June 2021||150||500||4500|
|13 June 2021||150||425||4500|
|12 June 2021||140||425||4000|
|11 June 2021||145||400||4200|
|10 June 2021||145||400||4200|
|09 June 2021||140||400||4000|
|08 June 2021||150||450||4500|
|07 June 2021||150||300||3000|
|06 June 2021||100|
|05 June 2021||100|
How to apply for Shyam Metalics IPO :
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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.
Shyam Metalics IPO Market Lot:
|Lot Size:||Minimum 45 Shares & Maximum 630 Shares|
Shyam Metalics IPO Allotment & Listing:
|Basis of Allotment:||June 21, 2021|
|Refunds:||June 22, 2021|
|Credit to Demat Account:||June 23, 2021|
|Listing Date:||June 24, 2021|
Check:- Shyam Metalics 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.
Shyam Metalics IPO GMP FAQs
The Grey Market Premium of Shyam Metalics IPO is approx. Rs.7000 at the moment.
The Subject to Sauda price for Shyam Metalics IPO is approx. Rs. 5000/-
Shyam Metalics IPO listing gain will be approx. Rs.7000/- (update on a daily basis)
The Kostak price of Shyam Metalics IPO is approx. Rs 550/-.