Niraj Cement Structurals IPO GMP History
Niraj Cement Structurals IPO has been listed on June 19, 2008 at a listing price of ₹185, against the issue price of ₹190 — a loss of ₹5 (-2.63%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Niraj Cement Structurals IPO raised ₹61.75 Cr. through its IPO at a price band of ₹175 to ₹190 per share, with a lot size of 30 shares. The IPO was open for subscription from 26 May 2008 to 30 May 2008.
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, 8:16 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. | |||||
Niraj Cement Structurals IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 26 May 2008
- Close 30 May 2008
- Allotment TBA
- Refund/credit TBA
- Listing 19 Jun 2008
Niraj Cement Structurals IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹190 |
|---|---|
| Listing gain / loss | −₹5 per share |
| Listing date | 19 Jun, 2008 |
| Actual listing price | ₹185 (-2.63%) |
Is Niraj Cement Structurals IPO GMP reliable?
Grey market premium for Niraj Cement Structurals 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 Niraj Cement Structurals IPO full review for a fundamentals-based assessment before making any grey market trades.
Niraj Cement Structurals IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Niraj Cement Structurals 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 Niraj Cement Structurals IPO
Niraj Cement Structurals Limited was incorporated on 1 April 1998 as a private company and has its registered office at Chembur, Mumbai. Its promoters are Vijay K. Chopra and Gulshan V. Chopra.
It is an engineering and construction company focused on road construction.
In December 1999 it took over the business of the partnership firm Niraj Cement Structurals, which had made cement structurals since 1987, and it still made cement structurals at its factories in Mumbai and Navi Mumbai.
The IPO was Rs 61.75 crore and was entirely a fresh issue at Rs 190, the top of the Rs 175 to Rs 190 band. The money was for capital equipment, long term working capital and general purposes.
Frequently asked
What is the GMP of Niraj Cement Structurals IPO?
The current Grey Market Premium (GMP) of Niraj Cement Structurals IPO is not yet started or active in the market.
What is the Kostak Price of Niraj Cement Structurals IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Niraj Cement Structurals IPO is not available.
What is the Subject to Sauda Price of Niraj Cement Structurals 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 Niraj Cement Structurals IPO?
Niraj Cement Structurals IPO listed on June 19, 2008 at ₹185, against the issue price of ₹190 — a loss of -2.63%.
How did the GMP of Niraj Cement Structurals IPO trend before listing?
The GMP of Niraj Cement Structurals IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Niraj Cement Structurals 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.
