Nitesh Estates IPO GMP History
Nitesh Estates IPO has been listed on May 13, 2010 at a listing price of ₹54, against the issue price of ₹54 — a gain of ₹0 (+0%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Nitesh Estates IPO raised ₹405 Cr. through its IPO at a price band of ₹54 to ₹56 per share, with a lot size of 100 shares. The IPO was open for subscription from 23 Apr 2010 to 27 Apr 2010.
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, 3:09 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. | |||||
Nitesh Estates IPO dates
Key dates from opening to listing. Today is 15 November.
- Open 23 Apr 2010
- Close 27 Apr 2010
- Allotment 10 May 2010
- Refund/credit TBA
- Listing 13 May 2010
Nitesh Estates IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹54 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 13 May, 2010 |
| Actual listing price | ₹54 (+0%) |
Is Nitesh Estates IPO GMP reliable?
Grey market premium for Nitesh Estates 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 Nitesh Estates IPO full review for a fundamentals-based assessment before making any grey market trades.
Nitesh Estates IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Nitesh Estates 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 Nitesh Estates IPO
Nitesh Estates Limited was originally incorporated as Nitesh Estates Private Limited in Bengaluru on 20 February 2004. Its promoters are Nitesh Shetty, Pushpalatha V. Shetty and Nitesh Industries.
It mainly develops residential projects in Bengaluru, including apartment buildings for high and middle income buyers. It was also developing a residential and an office project in Kochi, and planned shopping malls and projects in Chennai and Goa.
Its first hospitality project was the first Ritz-Carlton brand hotel in India, on Residency Road in the central business district of Bengaluru.
The IPO was Rs 405 crore and was entirely fresh issue, priced at Rs 54, the bottom of the Rs 54 to Rs 56 band. The money was mainly to fund its subsidiaries and associate for loan repayment, ongoing projects and joint development rights.
Frequently asked
What is the GMP of Nitesh Estates IPO?
The current Grey Market Premium (GMP) of Nitesh Estates IPO is not yet started or active in the market.
What is the Kostak Price of Nitesh Estates IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Nitesh Estates IPO is not available.
What is the Subject to Sauda Price of Nitesh Estates 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 Nitesh Estates IPO?
Nitesh Estates IPO listed on May 13, 2010 at ₹54, against the issue price of ₹54 — a gain of +0%.
How did the GMP of Nitesh Estates IPO trend before listing?
The GMP of Nitesh Estates IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Nitesh Estates 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.
