Karda Constructions IPO GMP History
Karda Constructions IPO has been listed on April 2, 2018 at a listing price of ₹136, against the issue price of ₹180 — a loss of ₹44 (-24.44%). The GMP peaked at ₹17.5 on 1 April 2018 and reached a low of ₹9 on 14 March 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Karda Constructions IPO raised ₹77.4 Cr. through its IPO at a price band of ₹175 to ₹180 per share, with a lot size of 80 shares. The IPO was open for subscription from 16 Mar 2018 to 21 Mar 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 |
|---|---|---|---|---|---|
| 01 Apr 2018 | ₹ 17.5 | — | 10% | — | — |
| 31 Mar 2018 | ₹ 17.5 | — | 10% | — | — |
| 30 Mar 2018 | ₹ 17.5 | ▲ | 10% | — | — |
| 29 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 28 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 27 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 26 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 25 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 24 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 23 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 22 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 21 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 20 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 19 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 18 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 17 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 16 Mar 2018 | ₹ 12.5 | — | 7% | — | — |
| 15 Mar 2018 | ₹ 12.5 | ▲ | 7% | — | — |
| 14 Mar 2018 | ₹ 9 | — | 5% | — | — |
| 13 Mar 2018 | ₹ 9 | — | 5% | — | — |
| 12 Mar 2018 | ₹ 9 | — | 5% | — | — |
| 11 Mar 2018 | ₹ 9 | — | 5% | — | — |
Karda Constructions IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 16 Mar 2018
- Close 21 Mar 2018
- Allotment 26 Mar 2018
- Refund/credit 27 Mar 2018
- Listing 02 Apr 2018
Karda Constructions IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹180 |
|---|---|
| GMP-based estimate (pre-listing) | ₹197 (+9.4%) |
| Listing gain / loss | −₹44 per share |
| Listing date | 02 Apr, 2018 |
| Actual listing price | ₹136 (-24.44%) |
Is Karda Constructions IPO GMP reliable?
Grey market premium for Karda Constructions 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 Karda Constructions IPO full review for a fundamentals-based assessment before making any grey market trades.
Karda Constructions IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Karda Constructions 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 Karda Constructions IPO
Karda Constructions Limited is a real estate development company. Its promoter is Naresh Karda.
It develops and sells residential and residential cum office projects in Nashik.
It had completed and delivered 15 residential and office projects, including Hari Smruti, Hari Amantran, Hari Shrushti and Hari Kunj.
The IPO was Rs 77.4 crore, with Rs 41.40 crore of fresh issue and Rs 36.00 crore of offer for sale, at Rs 180, the top of the Rs 175 to Rs 180 band. The fresh money was for repaying overdraft and term loans.
Frequently asked
What is the GMP of Karda Constructions IPO?
The current Grey Market Premium (GMP) of Karda Constructions IPO is ₹ 17.5.
What is the Kostak Price of Karda Constructions IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Karda Constructions IPO is not available.
What is the Subject to Sauda Price of Karda Constructions 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 Karda Constructions IPO?
Karda Constructions IPO listed on April 2, 2018 at ₹136, against the issue price of ₹180 — a loss of -24.44%.
How did the GMP of Karda Constructions IPO trend before listing?
The GMP of Karda Constructions IPO was stable in its final days before listing. The GMP peaked at ₹17.5 on 1 April 2018. View the day-wise table above for the complete GMP history.
Explore Karda Constructions 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.
