R Systems International IPO GMP History
R Systems International IPO has been listed on April 26, 2006 at a listing price of ₹285, against the issue price of ₹250 — a gain of ₹35 (+14%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
R Systems International IPO raised ₹110.21 Cr. through its IPO at a price band of ₹210 to ₹250 per share, with a lot size of 25 shares. The IPO was open for subscription from 28 Mar 2006 to 31 Mar 2006.
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, 8:58 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. | |||||
R Systems International IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 28 Mar 2006
- Close 31 Mar 2006
- Allotment 19 Apr 2006
- Refund/credit TBA
- Listing 26 Apr 2006
R Systems International IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹250 |
|---|---|
| Listing gain / loss | +₹35 per share |
| Listing date | 26 Apr, 2006 |
| Actual listing price | ₹285 (+14%) |
Is R Systems International IPO GMP reliable?
Grey market premium for R Systems International 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 R Systems International IPO full review for a fundamentals-based assessment before making any grey market trades.
R Systems International IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for R Systems International 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 R Systems International IPO
R Systems International Limited was incorporated as R Systems (India) Private Limited on 14 May 1993, with its registered office in New Delhi. Its promoters are Satinder Singh Rekhi, Harpreet Rekhi, RightMatch Holdings and the Satinder and Harpreet Rekhi Family Trust.
It provides IT services, offshore development and software products, with key verticals in banking and finance, high technology and internet services, manufacturing and logistics, and the public sector.
Its customers included Fortune 1000 companies as well as fast growing mid-market companies. It keeps its accounts on a calendar year, ending 31 December.
The IPO was Rs 110.21 crore, with Rs 70.63 crore of fresh issue and Rs 39.58 crore of offer for sale, at Rs 250, the top of the Rs 210 to Rs 250 band. The fresh money was for upgrading its infrastructure, working capital and repaying loans.
Frequently asked
What is the GMP of R Systems International IPO?
The current Grey Market Premium (GMP) of R Systems International IPO is not yet started or active in the market.
What is the Kostak Price of R Systems International IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for R Systems International IPO is not available.
What is the Subject to Sauda Price of R Systems International 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 R Systems International IPO?
R Systems International IPO listed on April 26, 2006 at ₹285, against the issue price of ₹250 — a gain of +14%.
How did the GMP of R Systems International IPO trend before listing?
The GMP of R Systems International IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore R Systems International 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.
