Godawari Power & Ispat IPO GMP History
Godawari Power & Ispat IPO has been listed on April 25, 2006 at a listing price of ₹95, against the issue price of ₹81 — a gain of ₹14 (+17.28%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Godawari Power & Ispat IPO raised ₹70.43 Cr. through its IPO at a price band of ₹70 to ₹81 per share, with a lot size of 80 shares. The IPO was open for subscription from 28 Mar 2006 to 04 Apr 2006.
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, 8:58 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Godawari Power & Ispat IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 28 Mar 2006
- Close 04 Apr 2006
- Allotment 19 Apr 2006
- Refund/credit TBA
- Listing 25 Apr 2006
Godawari Power & Ispat IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹81 |
|---|---|
| Listing gain / loss | +₹14 per share |
| Listing date | 25 Apr, 2006 |
| Actual listing price | ₹95 (+17.28%) |
Is Godawari Power & Ispat IPO GMP reliable?
Grey market premium for Godawari Power & Ispat 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 Godawari Power & Ispat IPO full review for a fundamentals-based assessment before making any grey market trades.
Godawari Power & Ispat IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Godawari Power & Ispat 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 Godawari Power & Ispat IPO
Godawari Power and Ispat Limited was incorporated on 21 September 1999. Its promoters are B. L. Agrawal, H. P. Agrawal, N. P. Agrawal, Suresh Agrawal, Dinesh Agrawal and Siddharth Agrawal, and it is part of the Hira Group of Raipur.
It runs an integrated plant at the Siltara Industrial Area in Raipur, Chhattisgarh, making sponge iron, steel billets, ferro alloys and wires, with captive power generation.
Its capacities were 235,000 TPA of sponge iron, 250,000 TPA of steel billets, 28 MW of captive power, 16,500 TPA of ferro alloys and 36,000 TPA of wires. It had 417 permanent employees as on 28 February 2006.
The IPO was Rs 70.43 crore and was entirely a fresh issue at Rs 81, the top of the Rs 70 to Rs 81 band. The money was for its second phase of expansion, adding 260,000 TPA of sponge iron, 150,000 TPA of billets and 25 MW of power.
Frequently asked
What is the GMP of Godawari Power & Ispat IPO?
The current Grey Market Premium (GMP) of Godawari Power & Ispat IPO is not yet started or active in the market.
What is the Kostak Price of Godawari Power & Ispat IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Godawari Power & Ispat IPO is not available.
What is the Subject to Sauda Price of Godawari Power & Ispat 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 Godawari Power & Ispat IPO?
Godawari Power & Ispat IPO listed on April 25, 2006 at ₹95, against the issue price of ₹81 — a gain of +17.28%.
How did the GMP of Godawari Power & Ispat IPO trend before listing?
The GMP of Godawari Power & Ispat IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Godawari Power & Ispat 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.
