Bannari Amman Spinning Mills IPO GMP History
Bannari Amman Spinning Mills IPO has been listed on November 14, 2005 at a listing price of ₹100.95, against the issue price of ₹135 — a loss of ₹34.05 (-25.22%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Bannari Amman Spinning Mills IPO raised ₹94.5 Cr. through its IPO at a price band of ₹115 to ₹135 per share, with a lot size of 50 shares. The IPO was open for subscription from 19 Oct 2005 to 25 Oct 2005.
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, 8:58 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. | |||||
Bannari Amman Spinning Mills IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 19 Oct 2005
- Close 25 Oct 2005
- Allotment 08 Nov 2005
- Refund/credit TBA
- Listing 14 Nov 2005
Bannari Amman Spinning Mills IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹135 |
|---|---|
| Listing gain / loss | −₹34.05 per share |
| Listing date | 14 Nov, 2005 |
| Actual listing price | ₹100.95 (-25.22%) |
Is Bannari Amman Spinning Mills IPO GMP reliable?
Grey market premium for Bannari Amman Spinning Mills 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 Bannari Amman Spinning Mills IPO full review for a fundamentals-based assessment before making any grey market trades.
Bannari Amman Spinning Mills IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Bannari Amman Spinning Mills 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 Bannari Amman Spinning Mills IPO
Bannari Amman Spinning Mills Limited was incorporated in 1995 and is part of the Bannari Amman group of Tamil Nadu. Its promoters are S. V. Balasubramaniam, S. V. Alagappan, S. V. Kandasami, S. V. Arumugam, S. V. Balakrishnan and Shiva Distilleries Limited.
It makes cotton yarn for domestic and export markets.
It had installed 4 windmills with a rated capacity of 5 MW, and had an export obligation of Rs 35.02 million. Oriental Bank of Commerce was appointed to monitor the use of IPO money.
The IPO was Rs 94.5 crore and was entirely a fresh issue at Rs 135, the top of the Rs 115 to Rs 135 band.
Frequently asked
What is the GMP of Bannari Amman Spinning Mills IPO?
The current Grey Market Premium (GMP) of Bannari Amman Spinning Mills IPO is not yet started or active in the market.
What is the Kostak Price of Bannari Amman Spinning Mills IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Bannari Amman Spinning Mills IPO is not available.
What is the Subject to Sauda Price of Bannari Amman Spinning Mills 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 Bannari Amman Spinning Mills IPO?
Bannari Amman Spinning Mills IPO listed on November 14, 2005 at ₹100.95, against the issue price of ₹135 — a loss of -25.22%.
How did the GMP of Bannari Amman Spinning Mills IPO trend before listing?
The GMP of Bannari Amman Spinning Mills IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Bannari Amman Spinning Mills 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.
