Bharat Dynamics IPO GMP History
Bharat Dynamics IPO has been listed on March 23, 2018 at a listing price of ₹370, against the issue price of ₹428 — a loss of ₹58 (-13.55%). The GMP peaked at ₹32.5 on 11 March 2018 and reached a low of ₹4 on 20 March 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Bharat Dynamics IPO raised ₹952.25 Cr. through its IPO at a price band of ₹413 to ₹428 per share, with a lot size of 35 shares. The IPO was open for subscription from 13 Mar 2018 to 15 Mar 2018.
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, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 20 Mar 2018 | ₹ 4 | — | 1% | — | — |
| 19 Mar 2018 | ₹ 4 | — | 1% | — | — |
| 18 Mar 2018 | ₹ 4 | — | 1% | — | — |
| 17 Mar 2018 | ₹ 4 | — | 1% | — | — |
| 16 Mar 2018 | ₹ 4 | — | 1% | — | — |
| 15 Mar 2018 | ₹ 4 | ▼ | 1% | — | — |
| 14 Mar 2018 | ₹ 7.5 | — | 2% | — | — |
| 13 Mar 2018 | ₹ 7.5 | — | 2% | — | — |
| 12 Mar 2018 | ₹ 7.5 | ▼ | 2% | — | — |
| 11 Mar 2018 | ₹ 32.5 | — | 8% | — | — |
| 10 Mar 2018 | ₹ 32.5 | — | 8% | — | — |
| 08 Mar 2018 | ₹ 32.5 | — | 8% | — | — |
| 07 Mar 2018 | ₹ 32.5 | — | 8% | — | — |
| 06 Mar 2018 | ₹ 32.5 | — | 8% | — | — |
Bharat Dynamics IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 13 Mar 2018
- Close 15 Mar 2018
- Allotment 21 Mar 2018
- Refund/credit TBA
- Listing 23 Mar 2018
Bharat Dynamics IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹428 |
|---|---|
| GMP-based estimate (pre-listing) | ₹432 (+0.9%) |
| Listing gain / loss | −₹58 per share |
| Listing date | 23 Mar, 2018 |
| Actual listing price | ₹370 (-13.55%) |
Is Bharat Dynamics IPO GMP reliable?
Grey market premium for Bharat Dynamics 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 Bharat Dynamics IPO full review for a fundamentals-based assessment before making any grey market trades.
Bharat Dynamics IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Bharat Dynamics 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 Bharat Dynamics IPO
Bharat Dynamics Limited is a Hyderabad based company wholly owned by the Government of India before the IPO. Its promoter is the President of India.
It makes surface to air missiles, anti tank guided missiles, underwater weapons, launchers, countermeasures and test equipment.
It has three manufacturing facilities at Hyderabad, Bhanur and Visakhapatnam, and is the sole maker of surface to air missiles in India.
The IPO was Rs 952.25 crore and was entirely an offer for sale by the Government of India at Rs 428, the top of the Rs 413 to Rs 428 band, so the company received no money.
Frequently asked
What is the GMP of Bharat Dynamics IPO?
The current Grey Market Premium (GMP) of Bharat Dynamics IPO is ₹ 4.
What is the Kostak Price of Bharat Dynamics IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Bharat Dynamics IPO is not available.
What is the Subject to Sauda Price of Bharat Dynamics 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 Bharat Dynamics IPO?
Bharat Dynamics IPO listed on March 23, 2018 at ₹370, against the issue price of ₹428 — a loss of -13.55%.
How did the GMP of Bharat Dynamics IPO trend before listing?
The GMP of Bharat Dynamics IPO was stable in its final days before listing. The GMP peaked at ₹32.5 on 11 March 2018. View the day-wise table above for the complete GMP history.
Explore Bharat Dynamics 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.
