S H Kelkar and Company IPO GMP History
S H Kelkar and Company IPO has been listed on November 16, 2015 at a listing price of ₹223.7, against the issue price of ₹180 — a gain of ₹43.7 (+24.28%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
S H Kelkar and Company IPO raised ₹508.17 Cr. through its IPO at a price band of ₹173 to ₹180 per share, with a lot size of 80 shares. The IPO was open for subscription from 28 Oct 2015 to 30 Oct 2015.
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, 3:10 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. | |||||
S H Kelkar and Company IPO dates
Key dates from opening to listing. Today is 15 November.
- Open 28 Oct 2015
- Close 30 Oct 2015
- Allotment 09 Nov 2015
- Refund/credit TBA
- Listing 16 Nov 2015
S H Kelkar and Company IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹180 |
|---|---|
| Listing gain / loss | +₹43.7 per share |
| Listing date | 16 Nov, 2015 |
| Actual listing price | ₹223.7 (+24.28%) |
Is S H Kelkar and Company IPO GMP reliable?
Grey market premium for S H Kelkar and Company 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 S H Kelkar and Company IPO full review for a fundamentals-based assessment before making any grey market trades.
S H Kelkar and Company IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for S H Kelkar and Company 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 S H Kelkar and Company IPO
S H Kelkar and Company Limited, known as Keva, is the largest fragrance and flavour company in India by revenue, with a market share of about 12.0%. Its promoters are Ramesh Vinayak Vaze, Prabha Ramesh Vaze and Kedar Ramesh Vaze.
Its journey began in 1922 as a maker of industrial perfumes.
It has four manufacturing facilities, three in India and one in the Netherlands, with total installed capacity of over 19,819 tons a year.
The IPO was Rs 508.17 crore, with Rs 210.00 crore of fresh issue and Rs 298.17 crore of offer for sale by investors including Blackstone, at Rs 180, the top of the Rs 173 to Rs 180 band. The fresh money was for working capital and general purposes.
Frequently asked
What is the GMP of S H Kelkar and Company IPO?
The current Grey Market Premium (GMP) of S H Kelkar and Company IPO is not yet started or active in the market.
What is the Kostak Price of S H Kelkar and Company IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for S H Kelkar and Company IPO is not available.
What is the Subject to Sauda Price of S H Kelkar and Company 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 S H Kelkar and Company IPO?
S H Kelkar and Company IPO listed on November 16, 2015 at ₹223.7, against the issue price of ₹180 — a gain of +24.28%.
How did the GMP of S H Kelkar and Company IPO trend before listing?
The GMP of S H Kelkar and Company IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore S H Kelkar and Company 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.
