Bhagwati Banquets & Hotels IPO GMP History
Bhagwati Banquets & Hotels IPO has been listed on May 17, 2007 at a listing price of ₹45, against the issue price of ₹40 — a gain of ₹5 (+12.5%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Bhagwati Banquets & Hotels IPO raised ₹92 Cr. through its IPO at a price band of ₹36 to ₹40 per share, with a lot size of 175 shares. The IPO was open for subscription from 18 Apr 2007 to 25 Apr 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. | |||||
Bhagwati Banquets & Hotels IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 18 Apr 2007
- Close 25 Apr 2007
- Allotment 08 May 2007
- Refund/credit TBA
- Listing 17 May 2007
Bhagwati Banquets & Hotels IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹40 |
|---|---|
| Listing gain / loss | +₹5 per share |
| Listing date | 17 May, 2007 |
| Actual listing price | ₹45 (+12.5%) |
Is Bhagwati Banquets & Hotels IPO GMP reliable?
Grey market premium for Bhagwati Banquets & Hotels 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 Bhagwati Banquets & Hotels IPO full review for a fundamentals-based assessment before making any grey market trades.
Bhagwati Banquets & Hotels IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Bhagwati Banquets & Hotels 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 Bhagwati Banquets & Hotels IPO
Bhagwati Banquets and Hotels Limited was incorporated on 1 November 1999 as Bhagwati Banquets Private Limited, became a public company in April 2000 and started operations in June 2002. Its promoters are Narendra Somani, Hemant Somani, Devanand Somani and Ramesh Motiani.
It was set up to run banquet halls, marriage halls and party venues, and runs a hotel and restaurants.
Its promoter group had run banquets, a hotel, restaurants, outdoor catering and conferences in Ahmedabad for 20 years under the tgb brand. The Grand Bhagwati hotel had 348 employees.
The IPO was Rs 92 crore at Rs 40, the top of the Rs 36 to Rs 40 band, of which Rs 73.82 crore was fresh issue.
Frequently asked
What is the GMP of Bhagwati Banquets & Hotels IPO?
The current Grey Market Premium (GMP) of Bhagwati Banquets & Hotels IPO is not yet started or active in the market.
What is the Kostak Price of Bhagwati Banquets & Hotels IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Bhagwati Banquets & Hotels IPO is not available.
What is the Subject to Sauda Price of Bhagwati Banquets & Hotels 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 Bhagwati Banquets & Hotels IPO?
Bhagwati Banquets & Hotels IPO listed on May 17, 2007 at ₹45, against the issue price of ₹40 — a gain of +12.5%.
How did the GMP of Bhagwati Banquets & Hotels IPO trend before listing?
The GMP of Bhagwati Banquets & Hotels IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Bhagwati Banquets & Hotels 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.
