Shalby IPO GMP History
Shalby IPO has been listed on December 15, 2017 at a listing price of ₹239.7, against the issue price of ₹248 — a loss of ₹8.3 (-3.35%). The GMP peaked at ₹52.5 on 29 November 2017 and reached a low of ₹7.5 on 13 December 2017. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shalby IPO raised ₹504.8 Cr. through its IPO at a price band of ₹245 to ₹248 per share, with a lot size of 60 shares. The IPO was open for subscription from 05 Dec 2017 to 07 Dec 2017.
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 |
|---|---|---|---|---|---|
| 13 Dec 2017 | ₹ 7.5 | ▼ | 3% | — | — |
| 12 Dec 2017 | ₹ 17.5 | — | 7% | — | — |
| 11 Dec 2017 | ₹ 17.5 | ▲ | 7% | — | — |
| 09 Dec 2017 | ₹ 12.5 | — | 5% | — | — |
| 08 Dec 2017 | ₹ 12.5 | — | 5% | — | — |
| 07 Dec 2017 | ₹ 12.5 | ▼ | 5% | — | — |
| 06 Dec 2017 | ₹ 17.5 | — | 7% | — | — |
| 05 Dec 2017 | ₹ 17.5 | ▼ | 7% | — | — |
| 04 Dec 2017 | ₹ 32.5 | — | 13% | — | — |
| 01 Dec 2017 | ₹ 32.5 | — | 13% | — | — |
| 30 Nov 2017 | ₹ 32.5 | ▼ | 13% | — | — |
| 29 Nov 2017 | ₹ 52.5 | ▲ | 21% | — | — |
| 28 Nov 2017 | ₹ 47.5 | — | 19% | — | — |
| 27 Nov 2017 | ₹ 47.5 | — | 19% | — | — |
Shalby IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 05 Dec 2017
- Close 07 Dec 2017
- Allotment 12 Dec 2017
- Refund/credit 13 Dec 2017
- Listing 15 Dec 2017
Shalby IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹248 |
|---|---|
| GMP-based estimate (pre-listing) | ₹255 (+2.8%) |
| Listing gain / loss | −₹8.3 per share |
| Listing date | 15 Dec, 2017 |
| Actual listing price | ₹239.7 (-3.35%) |
Is Shalby IPO GMP reliable?
Grey market premium for Shalby 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 Shalby IPO full review for a fundamentals-based assessment before making any grey market trades.
Shalby IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Shalby 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 Shalby IPO
Shalby Limited is an Ahmedabad based multi speciality hospital chain. Its promoters include Vikram Shah, Darshini Shah and Shanay Shah.
It provides inpatient and outpatient care through 8 fully operational hospitals with 781 operational beds.
It also provides outpatient consultations through 3 hospitals and 68 outpatient clinics.
The IPO was Rs 504.8 crore, with Rs 480.00 crore of fresh issue and Rs 24.80 crore of offer for sale, at Rs 248, the top of the Rs 245 to Rs 248 band. Most of the money was for repaying loans and buying medical equipment.
Frequently asked
What is the GMP of Shalby IPO?
The current Grey Market Premium (GMP) of Shalby IPO is ₹ 7.5.
What is the Kostak Price of Shalby IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shalby IPO is not available.
What is the Subject to Sauda Price of Shalby 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 Shalby IPO?
Shalby IPO listed on December 15, 2017 at ₹239.7, against the issue price of ₹248 — a loss of -3.35%.
How did the GMP of Shalby IPO trend before listing?
The GMP of Shalby IPO was falling in its final days before listing. The GMP peaked at ₹52.5 on 29 November 2017. View the day-wise table above for the complete GMP history.
Explore Shalby 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.
