Ramkrishna Forgings IPO GMP History
Ramkrishna Forgings IPO has been listed on May 5, 2004 at a listing price of ₹38.45, against the issue price of ₹20 — a gain of ₹18.45 (+92.25%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Ramkrishna Forgings IPO raised ₹16.95 Cr. through its IPO at a price band of TBA per share, with a lot size of 100 shares. The IPO was open for subscription from 02 Apr 2004 to 10 Apr 2004.
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. | |||||
Ramkrishna Forgings IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 02 Apr 2004
- Close 10 Apr 2004
- Allotment 28 Apr 2004
- Refund/credit TBA
- Listing 05 May 2004
Ramkrishna Forgings IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹20 |
|---|---|
| Listing gain / loss | +₹18.45 per share |
| Listing date | 05 May, 2004 |
| Actual listing price | ₹38.45 (+92.25%) |
Is Ramkrishna Forgings IPO GMP reliable?
Grey market premium for Ramkrishna Forgings 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 Ramkrishna Forgings IPO full review for a fundamentals-based assessment before making any grey market trades.
Ramkrishna Forgings IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Ramkrishna Forgings 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 Ramkrishna Forgings IPO
Ramkrishna Forgings Limited was incorporated in West Bengal on 12 November 1981 as Ramkrishna Forgings Private Limited and later became a public company. Its promoters are Mahabir Prasad Jalan, Naresh Jalan, Jalan Forgings Private Limited and Appcon Finance Private Limited.
It makes open and closed die forgings in plain carbon and low alloy steel, mainly for automobile and engineering customers.
It was ISO 9002 approved by BVQI from 15 August 2000 and achieved QS 9000 certification on 27 January 2003. It was allotted land in Phase VII of the Adityapur Industrial Area for expansion.
The IPO was Rs 16.95 crore at Rs 20 per share, with a face value of Rs 10, including Rs 470.00 lakh brought in by the promoters. The money was mainly for new plant and machinery.
Frequently asked
What is the GMP of Ramkrishna Forgings IPO?
The current Grey Market Premium (GMP) of Ramkrishna Forgings IPO is not yet started or active in the market.
What is the Kostak Price of Ramkrishna Forgings IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Ramkrishna Forgings IPO is not available.
What is the Subject to Sauda Price of Ramkrishna Forgings 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 Ramkrishna Forgings IPO?
Ramkrishna Forgings IPO listed on May 5, 2004 at ₹38.45, against the issue price of ₹20 — a gain of +92.25%.
How did the GMP of Ramkrishna Forgings IPO trend before listing?
The GMP of Ramkrishna Forgings IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Ramkrishna Forgings 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.
