Prince Pipes IPO Grey Market Premium, Prince Pipes IPO GMP Trend


Last updated on August 24, 2022

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 INR250  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)  
Subject to Sauda Rate
(in INR)  
27 December 2019– 5
26 December 2019– 5
24 December 2019
23 December 2019
20 December 20198
19 December 201910 200
18 December 201915 200
17 December 201918 – 20
16 December 201927
14 December 201930
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. 

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.


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