Garuda Construction and Engineering IPO GMP Today

Garuda Construction and Engineering IPO today gmp is ₹5, last updated Oct 5th 2024. With the price band of 95.00, Garuda Construction and Engineering IPO’s estimated listing price is ₹100 (cap price + today’s GMP).The expected percentage gain/loss per share is 5.26%.

We update GMP on a daily basis and based on last 5 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of Garuda Construction and Engineering IPO GMP with expected listing price.

Garuda Construction and Engineering Day-wise GMP 

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
08-10-2024 Open 95.00 ₹5  600/8400 ₹100 (5.26%) 8-Oct-2024
07-10-2024 95.00 ₹5  600/8400 ₹100 (5.26%) 7-Oct-2024
06-10-2024 95.00 ₹22   2600/36400 ₹117 (23.16%) 6-Oct-2024
05-10-2024 95.00 ₹18   2100/29400 ₹113 (18.95%) 5-Oct-2024
04-10-2024 95.00 ₹0  — ₹95 (0%) 4-Oct-2024
03-10-2024 95.00 ₹0  — ₹95 (0%) 3-Oct-2024
02-10-2024 95.00 ₹0  — ₹95 (0%) 2-Oct-2024
01-10-2024 95.00 ₹0  — ₹95 (0%) 1-Oct-2024

Garuda Construction and Engineering IPO Subscription Status

Garuda Construction and Engineering IPO today subscription status stands at  0.17 times. The public issue subscribed 0.31 times in the retail category, 0.00 times in QIB, and 0.09 times in the NII category by October 8, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)*
Anchor Investors 1 78,95,138 78,95,138 75.004
Qualified Institutions 0.00 60,04,862 0 0
Non-Institutional Buyers 0.09 41,70,000 3,95,012 3.753
  bNII (bids above ₹10L) 0.02 27,80,000 61,073 0.580
  sNII (bids below ₹10L) 0.24 13,90,000 3,33,939 3.172
Retail Investors 0.31 97,30,000 30,61,500 29.084
Total ** 0.17 1,99,04,862 34,56,512 32.837

Total Application : 114,663

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Garuda Construction and Engineering IPO Subscription Details (times)

Date QIB NII Retail Total
Day 1
Oct 8, 2024		 0.00 0.09 0.31 0.17

What is IPO GMP?

The grey market premium (GMP) indicates the unofficial trading price of an IPO before its listing and provides insights into potential market performance. A positive GMP suggests that the IPO of Garuda Construction and Engineering IPO may yield profits, while a negative GMP signals a possible discount at listing. However, it’s crucial to understand that IPO GMP can be highly volatile. Therefore, investors should not base their decisions solely on Garuda Construction and Engineering IPO GMP but should carefully evaluate all relevant factors before investing. Important Points to Consider About the Grey Market.

Here are five important points to consider about the grey market for IPOs:

  1. Unregulated Trading: The grey market operates outside official stock exchanges, meaning it is unregulated. This lack of oversight can lead to increased risks, including price manipulation and lack of transparency.
  2. Indicative Pricing: Grey market premiums (GMP) provide insights into investor sentiment and demand for an IPO before it officially listed
  3. s. A high GMP indicates strong interest, while a low or negative GMP can suggest weak demand.
  4. Liquidity and Volatility: Trading in the grey market can be more liquid and volatile compared to the formal market. Prices may fluctuate significantly based on speculative trading, leading to potential gains or losses for investors.
  5. Impact on Subscription Decisions: Investors often consider grey market trends when deciding whether to subscribe to an IPO. A favorable GMP can encourage more participation, while an unfavorable premium may deter investors.
  6. Risks of Loss: Investing based on grey market signals can be risky. Since the grey market is unofficial, there’s no guarantee that the prices will reflect actual market conditions once the shares are listed, potentially leading to losses if expectations aren’t met.

What is the Subscription Status?

Subscription status refers to the current level of interest and investors’ participation in an Initial Public Offering (IPO). It indicates how many shares have been applied for compared to the total number of shares available for subscription. Subscription status is typically reported in terms of the number of times the issue has been oversubscribed, which can be expressed as a ratio. A high subscription status often reflects strong demand for the IPO, while low subscription levels may signal weaker interest. Investors closely monitor subscription status to gauge market sentiment and the potential performance of the IPO once it is listed on the stock exchange.

Read More About Garuda Construction and Engineering IPO

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their economic situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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