Rustomjee IPO GMP History
Rustomjee IPO has been listed on November 24, 2022 at a listing price of ₹555, against the issue price of ₹541 — a gain of ₹14 (+2.59%). The GMP peaked at ₹10 on 18 November 2022 and reached a low of ₹5 on 23 November 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Rustomjee IPO raised ₹635 Cr. through its IPO at a price band of ₹514 to ₹541 per share, with a lot size of 27 shares. The IPO was open for subscription from 14 Nov 2022 to 16 Nov 2022.
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 10 Nov, 11:41 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 22 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 21 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 19 Nov 2022 | ₹ 5 | ▼ | 1% | — | — |
| 18 Nov 2022 | ₹ 10 | — | 2% | — | — |
| 17 Nov 2022 | ₹ 10 | ▲ | 2% | — | — |
| 16 Nov 2022 | ₹ 5 | — | 1% | — | — |
Rustomjee IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 14 Nov 2022
- Close 16 Nov 2022
- Allotment 21 Nov 2022
- Refund/credit 22 Nov 2022
- Listing 24 Nov 2022
Rustomjee IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹541 |
|---|---|
| GMP-based estimate (pre-listing) | ₹546 (+0.9%) |
| Listing gain / loss | +₹14 per share |
| Listing date | 24 Nov, 2022 |
| Actual listing price | ₹555 (+2.59%) |
Is Rustomjee IPO GMP reliable?
Grey market premium for Rustomjee 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 Rustomjee IPO full review for a fundamentals-based assessment before making any grey market trades.
Rustomjee IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Rustomjee 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 Rustomjee IPO
Keystone Realtors Limited was incorporated as Keystone Realtors Private Limited in Mumbai on 6 November 1995. It is one of the prominent real estate developers by absorption in number of units in the micro markets where it works, as per the Anarock report.
On 30 June 2022 it had 32 completed projects, 12 ongoing projects and 21 forthcoming projects across the Mumbai Metropolitan Region, all under the Rustomjee brand. Its projects cover affordable, mid and mass, aspirational, premium and super premium categories.
By that date it had developed 20.22 million square feet of residential buildings, gated estates, townships, corporate parks, retail spaces, schools and other projects. Much of its growth comes from joint development, redevelopment and slum rehabilitation projects, which need less upfront capital than buying land.
The IPO was Rs 635 crore, with Rs 560.00 crore of fresh issue and Rs 75.00 crore of offer for sale by the three promoters. Rs 341.60 crore was planned for repaying borrowings.
Frequently asked
What is the GMP of Rustomjee IPO?
The current Grey Market Premium (GMP) of Rustomjee IPO is ₹ 5.
What is the Kostak Price of Rustomjee IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Rustomjee IPO is not available.
What is the Subject to Sauda Price of Rustomjee 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 Rustomjee IPO?
Rustomjee IPO listed on November 24, 2022 at ₹555, against the issue price of ₹541 — a gain of +2.59%.
How did the GMP of Rustomjee IPO trend before listing?
The GMP of Rustomjee IPO was stable in its final days before listing. The GMP peaked at ₹10 on 18 November 2022. View the day-wise table above for the complete GMP history.
Explore Rustomjee 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.
