Excel Infoways IPO GMP History
Excel Infoways IPO has been listed on August 3, 2009 at a listing price of ₹86, against the issue price of ₹85 — a gain of ₹1 (+1.18%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Excel Infoways IPO raised ₹48.17 Cr. through its IPO at a price band of ₹80 to ₹85 per share, with a lot size of 80 shares. The IPO was open for subscription from 14 Jul 2009 to 17 Jul 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. | |||||
Excel Infoways IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 14 Jul 2009
- Close 17 Jul 2009
- Allotment 28 Jul 2009
- Refund/credit TBA
- Listing 03 Aug 2009
Excel Infoways IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹85 |
|---|---|
| Listing gain / loss | +₹1 per share |
| Listing date | 03 Aug, 2009 |
| Actual listing price | ₹86 (+1.18%) |
Is Excel Infoways IPO GMP reliable?
Grey market premium for Excel Infoways 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 Excel Infoways IPO full review for a fundamentals-based assessment before making any grey market trades.
Excel Infoways IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Excel Infoways 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 Excel Infoways IPO
Excel Infoways Limited was incorporated as Excel Infoways Private Limited on 7 January 2003 and has its registered office at Andheri (West), Mumbai. Its promoters are Lakhmendra Khurana and Ranjana Khurana.
It is an ISO 27001:2005 certified BPO and customer contact centre based in India and a registered member of NASSCOM.
It provided offshore BPO services mostly to clients in the USA and UK, mainly in telecom and financial services, and began commercial operations in September 2003.
The IPO was Rs 48.17 crore and was entirely a fresh issue at Rs 85, the top of the Rs 80 to Rs 85 band. The money was for new facilities and strategic investments or joint ventures.
Frequently asked
What is the GMP of Excel Infoways IPO?
The current Grey Market Premium (GMP) of Excel Infoways IPO is not yet started or active in the market.
What is the Kostak Price of Excel Infoways IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Excel Infoways IPO is not available.
What is the Subject to Sauda Price of Excel Infoways 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 Excel Infoways IPO?
Excel Infoways IPO listed on August 3, 2009 at ₹86, against the issue price of ₹85 — a gain of +1.18%.
How did the GMP of Excel Infoways IPO trend before listing?
The GMP of Excel Infoways IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Excel Infoways 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.
