Den Networks IPO GMP History
Den Networks IPO has been listed on November 24, 2009 at a listing price of ₹195, against the issue price of ₹195 — a gain of ₹0 (+0%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Den Networks IPO raised ₹364.46 Cr. through its IPO at a price band of ₹195 to ₹205 per share, with a lot size of 30 shares. The IPO was open for subscription from 28 Oct 2009 to 30 Oct 2009.
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, 8:16 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. | |||||
Den Networks IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 28 Oct 2009
- Close 30 Oct 2009
- Allotment 13 Nov 2009
- Refund/credit TBA
- Listing 24 Nov 2009
Den Networks IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹195 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 24 Nov, 2009 |
| Actual listing price | ₹195 (+0%) |
Is Den Networks IPO GMP reliable?
Grey market premium for Den Networks 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 Den Networks IPO full review for a fundamentals-based assessment before making any grey market trades.
Den Networks IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Den Networks 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 Den Networks IPO
Den Networks Limited was incorporated on 10 July 2007, so its first accounting year ran from July 2007 to March 2008. Its promoters are Sameer Manchanda and Lucid Systems.
It is one of the largest national cable television companies in India, distributing analog and digital cable TV services, as per the MPA Report 2009 cited in the prospectus.
Since 2007 it had expanded analog cable to 77 cities, its cable services reached about 10 million homes, and it launched digital cable under the Digitelly brand in February 2008, with 300,000 digital subscribers by December 2008.
The IPO was Rs 364.46 crore and was entirely a fresh issue at Rs 195, the bottom of the Rs 195 to Rs 205 band. The money was for cable TV and broadband infrastructure, content rights and repaying loans.
Frequently asked
What is the GMP of Den Networks IPO?
The current Grey Market Premium (GMP) of Den Networks IPO is not yet started or active in the market.
What is the Kostak Price of Den Networks IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Den Networks IPO is not available.
What is the Subject to Sauda Price of Den Networks 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 Den Networks IPO?
Den Networks IPO listed on November 24, 2009 at ₹195, against the issue price of ₹195 — a gain of +0%.
How did the GMP of Den Networks IPO trend before listing?
The GMP of Den Networks IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Den Networks 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.
