Sandhar Technologies IPO GMP History
Sandhar Technologies IPO has been listed on April 2, 2018 at a listing price of ₹346.1, against the issue price of ₹332 — a gain of ₹14.1 (+4.25%). The GMP peaked at ₹37.5 on 1 April 2018 and reached a low of ₹9 on 27 March 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sandhar Technologies IPO raised ₹512.48 Cr. through its IPO at a price band of ₹327 to ₹332 per share, with a lot size of 45 shares. The IPO was open for subscription from 19 Mar 2018 to 21 Mar 2018.
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, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 01 Apr 2018 | ₹ 37.5 | — | 11% | — | — |
| 31 Mar 2018 | ₹ 37.5 | — | 11% | — | — |
| 30 Mar 2018 | ₹ 37.5 | ▲ | 11% | — | — |
| 29 Mar 2018 | ₹ 12.5 | — | 4% | — | — |
| 28 Mar 2018 | ₹ 12.5 | ▲ | 4% | — | — |
| 27 Mar 2018 | ₹ 9 | — | 3% | — | — |
| 26 Mar 2018 | ₹ 9 | ▼ | 3% | — | — |
| 25 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
| 24 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
| 23 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
| 22 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
| 21 Mar 2018 | ₹ 22.5 | ▼ | 7% | — | — |
| 20 Mar 2018 | ₹ 27.5 | ▲ | 8% | — | — |
| 19 Mar 2018 | ₹ 17.5 | ▼ | 5% | — | — |
| 18 Mar 2018 | ₹ 32.5 | — | 10% | — | — |
| 17 Mar 2018 | ₹ 32.5 | — | 10% | — | — |
| 16 Mar 2018 | ₹ 32.5 | — | 10% | — | — |
| 15 Mar 2018 | ₹ 32.5 | ▲ | 10% | — | — |
| 14 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
| 13 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
| 12 Mar 2018 | ₹ 22.5 | — | 7% | — | — |
Sandhar Technologies IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 19 Mar 2018
- Close 21 Mar 2018
- Allotment 26 Mar 2018
- Refund/credit TBA
- Listing 02 Apr 2018
Sandhar Technologies IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹332 |
|---|---|
| GMP-based estimate (pre-listing) | ₹369 (+11.1%) |
| Listing gain / loss | +₹14.1 per share |
| Listing date | 02 Apr, 2018 |
| Actual listing price | ₹346.1 (+4.25%) |
Is Sandhar Technologies IPO GMP reliable?
Grey market premium for Sandhar Technologies 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 Sandhar Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Sandhar Technologies IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Sandhar Technologies 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 Sandhar Technologies IPO
Sandhar Technologies Limited is a New Delhi based maker of automotive components, parts and systems. Its promoter is Jayant Davar.
Its products are largely focused on safety and security systems for vehicles.
It is a leader in two wheeler locking systems and in commercial vehicle rear view mirrors in India.
The IPO was Rs 512.48 crore, with Rs 300.00 crore of fresh issue and Rs 212.48 crore of offer for sale, at Rs 332, the top of the Rs 327 to Rs 332 band. Most of the fresh money was for repaying loans.
Frequently asked
What is the GMP of Sandhar Technologies IPO?
The current Grey Market Premium (GMP) of Sandhar Technologies IPO is ₹ 37.5.
What is the Kostak Price of Sandhar Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sandhar Technologies IPO is not available.
What is the Subject to Sauda Price of Sandhar Technologies 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 Sandhar Technologies IPO?
Sandhar Technologies IPO listed on April 2, 2018 at ₹346.1, against the issue price of ₹332 — a gain of +4.25%.
How did the GMP of Sandhar Technologies IPO trend before listing?
The GMP of Sandhar Technologies IPO was stable in its final days before listing. The GMP peaked at ₹37.5 on 1 April 2018. View the day-wise table above for the complete GMP history.
Explore Sandhar Technologies 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.
