Cairn India IPO GMP History
Cairn India IPO has been listed on January 9, 2007 at a listing price of ₹152, against the issue price of ₹160 — a loss of ₹8 (-5%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Cairn India IPO raised ₹5788.79 Cr. through its IPO at a price band of ₹160 to ₹190 per share, with a lot size of 35 shares. The IPO was open for subscription from 11 Dec 2006 to 15 Dec 2006.
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. | |||||
Cairn India IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 11 Dec 2006
- Close 15 Dec 2006
- Allotment 29 Dec 2006
- Refund/credit TBA
- Listing 09 Jan 2007
Cairn India IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹160 |
|---|---|
| Listing gain / loss | −₹8 per share |
| Listing date | 09 Jan, 2007 |
| Actual listing price | ₹152 (-5%) |
Is Cairn India IPO GMP reliable?
Grey market premium for Cairn India 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 Cairn India IPO full review for a fundamentals-based assessment before making any grey market trades.
Cairn India IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Cairn India 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 Cairn India IPO
Cairn India Limited was incorporated on 21 August 2006 and had no operating history of its own. Its promoters are Cairn Energy PLC and Cairn UK Holdings.
It was formed to hold Cairn Energy's Indian oil and gas business, bought from Cairn UK Holdings through Cairn India Holdings, with interests in the Rajasthan block RJ-ON-90/1 and in the Ravva and Cambay blocks.
The Rajasthan block includes the Mangala field, where production was scheduled to start in 2009. Cairn India had about 425 employees at 30 June 2006.
The IPO was Rs 5,788.79 crore and was entirely a fresh issue at Rs 160, the bottom of the Rs 160 to Rs 190 band. Most of the money went to pay Cairn UK Holdings for Cairn India Holdings, with the rest for developing the Rajasthan block, more drilling at Ravva and Cambay, and exploration.
Frequently asked
What is the GMP of Cairn India IPO?
The current Grey Market Premium (GMP) of Cairn India IPO is not yet started or active in the market.
What is the Kostak Price of Cairn India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Cairn India IPO is not available.
What is the Subject to Sauda Price of Cairn India 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 Cairn India IPO?
Cairn India IPO listed on January 9, 2007 at ₹152, against the issue price of ₹160 — a loss of -5%.
How did the GMP of Cairn India IPO trend before listing?
The GMP of Cairn India IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Cairn India 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.
