GRSE IPO GMP History
GRSE IPO has been listed on October 10, 2018 at a listing price of ₹102.5, against the issue price of ₹118 — a loss of ₹15.5 (-13.14%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
GRSE IPO raised ₹343.59 Cr. through its IPO at a price band of ₹114 to ₹118 per share, with a lot size of 120 shares. The IPO was open for subscription from 24 Sep 2018 to 01 Oct 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, 3:12 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. | |||||
GRSE IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 24 Sep 2018
- Close 01 Oct 2018
- Allotment 01 Oct 2018
- Refund/credit 03 Oct 2018
- Listing 10 Oct 2018
GRSE IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹118 |
|---|---|
| Listing gain / loss | −₹15.5 per share |
| Listing date | 10 Oct, 2018 |
| Actual listing price | ₹102.5 (-13.14%) |
Is GRSE IPO GMP reliable?
Grey market premium for GRSE 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 GRSE IPO full review for a fundamentals-based assessment before making any grey market trades.
GRSE IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for GRSE 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 GRSE IPO
Garden Reach Shipbuilders & Engineers Limited was incorporated in 1913 and is a Mini Ratna Category I shipbuilding company under the Ministry of Defence. Its promoter is the President of India.
It mainly builds ships for the Indian Navy and the Indian Coast Guard.
It also works in engineering and engine production, making deck machinery and other products.
The IPO was Rs 343.59 crore and was entirely an offer for sale by the Government of India at Rs 118, the top of the Rs 114 to Rs 118 band, so the company received no money.
Frequently asked
What is the GMP of GRSE IPO?
The current Grey Market Premium (GMP) of GRSE IPO is not yet started or active in the market.
What is the Kostak Price of GRSE IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for GRSE IPO is not available.
What is the Subject to Sauda Price of GRSE 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 GRSE IPO?
GRSE IPO listed on October 10, 2018 at ₹102.5, against the issue price of ₹118 — a loss of -13.14%.
How did the GMP of GRSE IPO trend before listing?
The GMP of GRSE IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore GRSE 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.
