Ankit Metal & Power IPO GMP History
Ankit Metal & Power IPO has been listed on July 10, 2007 at a listing price of ₹37.9, against the issue price of ₹36 — a gain of ₹1.9 (+5.28%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Ankit Metal & Power IPO raised ₹42.84 Cr. through its IPO at a price band of ₹30 to ₹36 per share, with a lot size of 190 shares. The IPO was open for subscription from 18 Jun 2007 to 22 Jun 2007.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 8:15 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Ankit Metal & Power IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 18 Jun 2007
- Close 22 Jun 2007
- Allotment 03 Jul 2007
- Refund/credit TBA
- Listing 10 Jul 2007
Ankit Metal & Power IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹36 |
|---|---|
| Listing gain / loss | +₹1.9 per share |
| Listing date | 10 Jul, 2007 |
| Actual listing price | ₹37.9 (+5.28%) |
Is Ankit Metal & Power IPO GMP reliable?
Grey market premium for Ankit Metal & Power IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Ankit Metal & Power IPO full review for a fundamentals-based assessment before making any grey market trades.
Ankit Metal & Power IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Ankit Metal & Power IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Ankit Metal & Power IPO
Ankit Metal and Power Limited was originally incorporated as Ankit Steel Works Private Limited on 7 August 2002 in West Bengal, promoted by Suresh Kumar Patni. Its promoters include Suresh Kumar Patni, Sarita Patni, Ankit Patni, Rohit Patni and group companies.
It was set up to build an integrated steel plant making sponge iron, M.S. ingots and billets and re-rolled products, with a captive power plant, in phases.
The plant is at village Chhatna, Jorehira, in Bankura district, West Bengal, with 85 employees. The sponge iron unit cost Rs 9.61 Crore more than planned because of higher steel prices, extra pollution control equipment and a larger kiln of 350 TPD.
The IPO was Rs 42.84 crore at Rs 36, the top of the Rs 30 to Rs 36 band, of which Rs 34.52 crore was fresh issue.
Frequently asked
What is the GMP of Ankit Metal & Power IPO?
The current Grey Market Premium (GMP) of Ankit Metal & Power IPO is not yet started or active in the market.
What is the Kostak Price of Ankit Metal & Power IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Ankit Metal & Power IPO is not available.
What is the Subject to Sauda Price of Ankit Metal & Power IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Ankit Metal & Power IPO?
Ankit Metal & Power IPO listed on July 10, 2007 at ₹37.9, against the issue price of ₹36 — a gain of +5.28%.
How did the GMP of Ankit Metal & Power IPO trend before listing?
The GMP of Ankit Metal & Power IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Ankit Metal & Power IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
