HOV Services IPO GMP History
HOV Services IPO has been listed on September 27, 2006 at a listing price of ₹204, against the issue price of ₹200 — a gain of ₹4 (+2%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
HOV Services IPO raised ₹81 Cr. through its IPO at a price band of ₹200 to ₹240 per share, with a lot size of 25 shares. The IPO was open for subscription from 04 Sep 2006 to 07 Sep 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. | |||||
HOV Services IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 04 Sep 2006
- Close 07 Sep 2006
- Allotment 19 Sep 2006
- Refund/credit TBA
- Listing 27 Sep 2006
HOV Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹200 |
|---|---|
| Listing gain / loss | +₹4 per share |
| Listing date | 27 Sep, 2006 |
| Actual listing price | ₹204 (+2%) |
Is HOV Services IPO GMP reliable?
Grey market premium for HOV Services 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 HOV Services IPO full review for a fundamentals-based assessment before making any grey market trades.
HOV Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for HOV Services 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 HOV Services IPO
HOV Services Limited was incorporated on 10 January 1989 as Codec Communications Private Limited. Its promoters are Parvinder S. Chadha, Sanjay Chitale, Sunil Rajadhyaksha, Surinder Rametra, HOF 2 LLC, Chitale LLC and Stern Capital Partners.
Through its US subsidiary HOV Services LLC and companies under it, such as Bay Area Credit Service and Imperial Collection Service, it provided accounts receivable management and related services.
Its clients included some of the largest companies in healthcare, telecommunications, banking and finance, and insurance, and it had 455 employees at its Pune facilities as of 30 April 2006.
The IPO was Rs 81 crore and was entirely a fresh issue at Rs 200, the bottom of the Rs 200 to Rs 240 band. Most of the money was to fund its subsidiary to redeem Class B units, with the rest for capital spending.
Frequently asked
What is the GMP of HOV Services IPO?
The current Grey Market Premium (GMP) of HOV Services IPO is not yet started or active in the market.
What is the Kostak Price of HOV Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for HOV Services IPO is not available.
What is the Subject to Sauda Price of HOV Services 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 HOV Services IPO?
HOV Services IPO listed on September 27, 2006 at ₹204, against the issue price of ₹200 — a gain of +2%.
How did the GMP of HOV Services IPO trend before listing?
The GMP of HOV Services IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore HOV Services 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.
