IPO investors get another chance at trying their luck with the upcoming IPO of Prince Pipes & Fittings. The IPO opens on 18 December and will be the last IPO of this calendar year (scroll down for more details). Following the strong listing of Ujjivan Bank IPO, investors will have high hopes from Prince Pipes IPO but will also be wary of the short window CSB Bank offered for booking profits post listing (the bank stock lost from INR300 per share to INR230 in six days). Meanwhile, grey market price movements indicate there is some interest in Prince Pipes & Fittings. Check out the latest Prince Pipes IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.
Prince Pipes IPO details
| Subscription Dates | 18 – 20 December 2019 |
| Price Band | INR177 – 178 per share |
| Fresh issue | INR250Â crore |
| Offer For Sale | INR250 crore |
| Total IPO size | INR500 crore |
| Minimum bid (lot size) | 84 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Prince Pipes IPO GMP (Grey Market Premium) rates
| Date |
Grey Market Premium (GMP in INR) |
Kostak Rate (in INR) Â |
Subject to Sauda Rate (in INR)Â Â |
| 27 December 2019 | – 5 | – | – |
| 26 December 2019 | – 5 | – | – |
| 24 December 2019 | – | – | – |
| 23 December 2019 | – | – | – |
| 20 December 2019 | 8 | – | – |
| 19 December 2019 | 10 | – | 200 |
| 18 December 2019 | 15 | – | 200 |
| 17 December 2019 | 18 – 20 | – | – |
| 16 December 2019 | 27 | – | – |
| 14 December 2019 | 30 | – | – |
| 13 December 2019 | 50 | – | – |
| 12 December 2019 | 50 | – | – |
Read Also: What is shareholder reservation in IPOs and how to benefit from it?
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.
Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!
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.Â
IPO GMP is the rate of premium an IPO commands per share in grey market.
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.
