Chemcon Speciality Chemicals IPO GMP History
Chemcon Speciality Chemicals IPO has been listed on October 1, 2020 at a listing price of ₹731, against the issue price of ₹340 — a gain of ₹391 (+115%). The GMP peaked at ₹400 on 28 September 2020 and reached a low of ₹160 on 14 September 2020. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Chemcon Speciality Chemicals IPO raised ₹318 Cr. through its IPO at a price band of ₹338 to ₹340 per share, with a lot size of 44 shares. The IPO was open for subscription from 21 Sep 2020 to 23 Sep 2020.
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 11 Nov, 6:58 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Sep 2020 | ₹ 340 | ▼ | 100% | — | — |
| 29 Sep 2020 | ₹ 380 | ▼ | 112% | — | — |
| 28 Sep 2020 | ₹ 400 | ▲ | 118% | — | — |
| 26 Sep 2020 | ₹ 290 | — | 85% | — | — |
| 25 Sep 2020 | ₹ 290 | ▲ | 85% | — | — |
| 24 Sep 2020 | ₹ 250 | — | 74% | — | — |
| 23 Sep 2020 | ₹ 250 | ▲ | 74% | — | — |
| 22 Sep 2020 | ₹ 200 | ▼ | 59% | — | — |
| 21 Sep 2020 | ₹ 230 | ▲ | 68% | — | — |
| 19 Sep 2020 | ₹ 200 | — | 59% | — | — |
| 18 Sep 2020 | ₹ 200 | — | 59% | — | — |
| 17 Sep 2020 | ₹ 200 | ▲ | 59% | — | — |
| 16 Sep 2020 | ₹ 180 | — | 53% | — | — |
| 15 Sep 2020 | ₹ 180 | ▲ | 53% | — | — |
| 14 Sep 2020 | ₹ 160 | — | 47% | — | — |
Chemcon Speciality Chemicals IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 21 Sep 2020
- Close 23 Sep 2020
- Allotment 28 Sep 2020
- Refund/credit 29 Sep 2020
- Listing 01 Oct 2020
Chemcon Speciality Chemicals IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹340 |
|---|---|
| GMP-based estimate (pre-listing) | ₹680 (+100%) |
| Listing gain / loss | +₹391 per share |
| Listing date | 01 Oct, 2020 |
| Actual listing price | ₹731 (+115%) |
Is Chemcon Speciality Chemicals IPO GMP reliable?
Grey market premium for Chemcon Speciality Chemicals 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 Chemcon Speciality Chemicals IPO full review for a fundamentals-based assessment before making any grey market trades.
Chemcon Speciality Chemicals IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Chemcon Speciality Chemicals 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 Chemcon Speciality Chemicals IPO
Chemcon Speciality Chemicals Limited was incorporated as Gujarat Quinone Private Limited at Vadodara on 15 December 1988. Its promoters are Kamalkumar Rajendra Aggarwal, Navdeep Naresh Goyal and Shubharangana Goyal.
It makes HMDS and CMIC, which are used mainly in pharmaceuticals, and calcium, zinc and sodium bromide, which are used as completion fluids in oilfields. According to the Frost & Sullivan Report in its RHP, it was the only maker of HMDS in India and the third largest worldwide in 2019, and the second largest maker of CMIC worldwide.
It exports to countries including the United States, Italy, South Korea, Germany, China and Japan, and exports made up 39.78% of revenue from operations in FY2020. Its manufacturing is at Manjusar near Vadodara in Gujarat.
The IPO was Rs 318 crore, with Rs 165.00 crore of fresh issue and Rs 153.00 crore of offer for sale by Kamalkumar Rajendra Aggarwal and Naresh Vijaykumar Goyal. The fresh money was for expanding the plant and for working capital.
Frequently asked
What is the GMP of Chemcon Speciality Chemicals IPO?
The current Grey Market Premium (GMP) of Chemcon Speciality Chemicals IPO is ₹ 340.
What is the Kostak Price of Chemcon Speciality Chemicals IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Chemcon Speciality Chemicals IPO is not available.
What is the Subject to Sauda Price of Chemcon Speciality Chemicals 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 Chemcon Speciality Chemicals IPO?
Chemcon Speciality Chemicals IPO listed on October 1, 2020 at ₹731, against the issue price of ₹340 — a gain of +115%.
How did the GMP of Chemcon Speciality Chemicals IPO trend before listing?
The GMP of Chemcon Speciality Chemicals IPO was falling in its final days before listing. The GMP peaked at ₹400 on 28 September 2020. View the day-wise table above for the complete GMP history.
Explore Chemcon Speciality Chemicals 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.
