Fine Organic Industries IPO GMP History
Fine Organic Industries IPO has been listed on July 2, 2018 at a listing price of ₹815, against the issue price of ₹783 — a gain of ₹32 (+4.09%). The GMP peaked at ₹77.5 on 17 June 2018 and reached a low of ₹17.5 on 22 June 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Fine Organic Industries IPO raised ₹600.17 Cr. through its IPO at a price band of ₹780 to ₹783 per share, with a lot size of 19 shares. The IPO was open for subscription from 20 Jun 2018 to 22 Jun 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 |
|---|---|---|---|---|---|
| 28 Jun 2018 | ₹ 37.5 | ▲ | 5% | — | — |
| 27 Jun 2018 | ₹ 32.5 | ▲ | 4% | — | — |
| 26 Jun 2018 | ₹ 27.5 | ▼ | 4% | — | — |
| 25 Jun 2018 | ₹ 32.5 | ▲ | 4% | — | — |
| 24 Jun 2018 | ₹ 22.5 | — | 3% | — | — |
| 23 Jun 2018 | ₹ 22.5 | ▲ | 3% | — | — |
| 22 Jun 2018 | ₹ 17.5 | ▼ | 2% | — | — |
| 21 Jun 2018 | ₹ 27.5 | ▼ | 4% | — | — |
| 20 Jun 2018 | ₹ 32.5 | ▼ | 4% | — | — |
| 19 Jun 2018 | ₹ 55 | — | 7% | — | — |
| 18 Jun 2018 | ₹ 55 | ▼ | 7% | — | — |
| 17 Jun 2018 | ₹ 77.5 | — | 10% | — | — |
| 16 Jun 2018 | ₹ 77.5 | — | 10% | — | — |
| 15 Jun 2018 | ₹ 77.5 | — | 10% | — | — |
| 14 Jun 2018 | ₹ 77.5 | — | 10% | — | — |
Fine Organic Industries IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 20 Jun 2018
- Close 22 Jun 2018
- Allotment 27 Jun 2018
- Refund/credit 28 Jun 2018
- Listing 02 Jul 2018
Fine Organic Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹783 |
|---|---|
| GMP-based estimate (pre-listing) | ₹820 (+4.7%) |
| Listing gain / loss | +₹32 per share |
| Listing date | 02 Jul, 2018 |
| Actual listing price | ₹815 (+4.09%) |
Is Fine Organic Industries IPO GMP reliable?
Grey market premium for Fine Organic Industries 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 Fine Organic Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Fine Organic Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Fine Organic Industries 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 Fine Organic Industries IPO
Fine Organic Industries Limited is a Mumbai based maker of oleochemical based additives. Its promoters include Prakash Damodar Kamat and Mukesh Maganlal Shah.
According to CRISIL Research, it is the largest maker of oleochemical based additives in India and a strong player globally.
It makes a wide range of speciality, plant derived oleochemical additives used in many industries.
The IPO was Rs 600.17 crore and was entirely an offer for sale by the promoters at Rs 783, the top of the Rs 780 to Rs 783 band, so the company received no money.
Frequently asked
What is the GMP of Fine Organic Industries IPO?
The current Grey Market Premium (GMP) of Fine Organic Industries IPO is ₹ 37.5.
What is the Kostak Price of Fine Organic Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Fine Organic Industries IPO is not available.
What is the Subject to Sauda Price of Fine Organic Industries 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 Fine Organic Industries IPO?
Fine Organic Industries IPO listed on July 2, 2018 at ₹815, against the issue price of ₹783 — a gain of +4.09%.
How did the GMP of Fine Organic Industries IPO trend before listing?
The GMP of Fine Organic Industries IPO was rising in its final days before listing. The GMP peaked at ₹77.5 on 17 June 2018. View the day-wise table above for the complete GMP history.
Explore Fine Organic Industries 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.
