Nelcast IPO GMP History
Nelcast IPO has been listed on June 27, 2007 at a listing price of ₹252, against the issue price of ₹219 — a gain of ₹33 (+15.07%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Nelcast IPO raised ₹95.27 Cr. through its IPO at a price band of ₹195 to ₹219 per share, with a lot size of 30 shares. The IPO was open for subscription from 04 Jun 2007 to 08 Jun 2007.
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, 8:15 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. | |||||
Nelcast IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 04 Jun 2007
- Close 08 Jun 2007
- Allotment 20 Jun 2007
- Refund/credit TBA
- Listing 27 Jun 2007
Nelcast IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹219 |
|---|---|
| Listing gain / loss | +₹33 per share |
| Listing date | 27 Jun, 2007 |
| Actual listing price | ₹252 (+15.07%) |
Is Nelcast IPO GMP reliable?
Grey market premium for Nelcast 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 Nelcast IPO full review for a fundamentals-based assessment before making any grey market trades.
Nelcast IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Nelcast 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 Nelcast IPO
Nelcast Limited was incorporated on 7 June 1982 as Nelcast Private Limited at Nellore, Andhra Pradesh, founded by P. Radhakrishna Reddy, a metallurgical engineer, who is its promoter.
It set up its first factory at Gudur in 1985 to make 1200 MT a year of iron castings, and in 1996 a factory at Ponneri in Tamil Nadu with capacity of 12,000 MT a year for grey and ductile iron castings.
Its customers include large truck and tractor makers, and it had applied to raise production capacity to 4500 Tons per month.
The IPO was Rs 95.27 crore and was entirely a fresh issue at Rs 219, the top of the Rs 195 to Rs 219 band.
Frequently asked
What is the GMP of Nelcast IPO?
The current Grey Market Premium (GMP) of Nelcast IPO is not yet started or active in the market.
What is the Kostak Price of Nelcast IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Nelcast IPO is not available.
What is the Subject to Sauda Price of Nelcast 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 Nelcast IPO?
Nelcast IPO listed on June 27, 2007 at ₹252, against the issue price of ₹219 — a gain of +15.07%.
How did the GMP of Nelcast IPO trend before listing?
The GMP of Nelcast IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Nelcast 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.
