IPO GMP shows us the premium that someone is willing to pay for the corresponding IPO in the grey market; It is used frequently to forecast the listing price of upcoming IPOs.
The company, founded in 2004, is engaged in the bespoke synthesis and manufacture of specialty chemical intermediates involving sophisticated and specialized chemistry. For a diversified Indian and global customer base, the company manufactures Pharma Intermediates, AGRO Intermediates, Cosmetics Intermediates, Pigment Intermediates, and Dye Intermediates. The company's manufacturing unit is located in Viramgam District, Ahmedabad, Gujarat, and is roughly 7000 square meters in size. It is outfitted with high-end reactors for research and development of new goods.
IPO Date
  IPO Close
Face Value
IPO Price
IPO Size
Lot Size
Listing At
Allotment Date
Listing Date
26-Oct-23
₹10 per share
₹95 to ₹100
30-Oct-23
₹51.66 Cr
1200 shares
NSE SME
02-Nov-23
07-Nov-23
Date
GMP
29-Oct-23
₹ 95
30-Oct-23
₹ 98
31-Oct-23
₹ 105
01-Nov-23
₹ 105
02-Nov-23
₹ 105
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