Chemcon Speciality Chemicals IPO opened today for subscription. Priced in the range of INR338 – 340 per share, the IPO will end up mobilizing up to INR318 crore. The manufacturer of specialized chemicals which are used in the pharmaceuticals and oilfields industry, has attracted a strong fancy in grey market. With premiums in the informal market soaring to nearly 70% of the IPO price, the offer is eagerly awaited. Check out the latest Chemcon IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.
Chemcon IPO details
|Subscription Dates||21 – 23 September 2020|
|Price Band||INR338 – 340 per share|
|Fresh issue||INR165 crore|
|Offer For Sale||45,00,000 shares (INR152.1 – 153 crore)|
|Total IPO size||INR317.1 – 318 crore|
|Minimum bid (lot size)||44 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
The manufacturer of specialty chemicals is leader in most products it deals in and counts a long list of customers in pharma and chemicals industries. It is important to note that Chemcon IPO grey premium is currently trading high, the rates can change overnight. Therefore, please contact your financial advisor before investing.
Chemcon IPO GMP (Grey Market Premium) rates
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda (in INR)|
|30 Sep 2020||340||–||–|
|29 Sep 2020||380||–||–|
|28 Sep 2020||400||500||12,000|
|26 Sep 2020||290||300||9,000|
|25 Sep 2020||290||400||9,000|
|24 Sep 2020||250||300||8,000|
|23 Sep 2020||250||300||7,500|
|22 Sep 2020||200||450||6,000|
|21 Sep 2020||230||500||6,500|
|19 Sep 2020||200||500||6,500|
|18 Sep 2020||200||450||5,500|
|17 Sep 2020||200||300||4,500|
|16 Sep 2020||180||300||4,500|
|15 Sep 2020||180||250||4,500|
|14 Sep 2020||160||250||4,000|
Important points about IPO grey market and IPO GMP
IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
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.
IPO GMP is the rate of premium an IPO commands per share in the informal grey market. This is the leading indicator of how the market perceives the IPO.
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.