Shri Ramrupai Balaji Steels IPO GMP History
Shri Ramrupai Balaji Steels IPO has been listed on August 2, 2005 at a listing price of ₹27.2, against the issue price of ₹22 — a gain of ₹5.2 (+23.64%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shri Ramrupai Balaji Steels IPO raised ₹44 Cr. through its IPO at a price band of ₹20 to ₹22 per share, with a lot size of 250 shares. The IPO was open for subscription from 08 Jul 2005 to 14 Jul 2005.
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. | |||||
Shri Ramrupai Balaji Steels IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 08 Jul 2005
- Close 14 Jul 2005
- Allotment 29 Jul 2005
- Refund/credit TBA
- Listing 02 Aug 2005
Shri Ramrupai Balaji Steels IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹22 |
|---|---|
| Listing gain / loss | +₹5.2 per share |
| Listing date | 02 Aug, 2005 |
| Actual listing price | ₹27.2 (+23.64%) |
Is Shri Ramrupai Balaji Steels IPO GMP reliable?
Grey market premium for Shri Ramrupai Balaji Steels 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 Shri Ramrupai Balaji Steels IPO full review for a fundamentals-based assessment before making any grey market trades.
Shri Ramrupai Balaji Steels IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Shri Ramrupai Balaji Steels 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 Shri Ramrupai Balaji Steels IPO
Shri Ramrupai Balaji Steels Limited is registered with the Registrar of Companies, Kolkata. Its promoters are Sanjiv Jajodia, Rajiv Jajodia, Aditya Jajodia, Hari Management Limited and Enfield Suppliers Limited.
It makes steel products for construction and infrastructure.
It had completed Phase I of its project, a mini blast furnace, sponge iron plant and rolling mill, which was 29.65% of the total project cost. A group company, Jai Balaji Sponge, was setting up a 12 MW captive power plant.
The IPO was Rs 44 crore and was entirely a fresh issue at Rs 22, the top of the Rs 20 to Rs 22 band, with a face value of Rs 10.
Frequently asked
What is the GMP of Shri Ramrupai Balaji Steels IPO?
The current Grey Market Premium (GMP) of Shri Ramrupai Balaji Steels IPO is not yet started or active in the market.
What is the Kostak Price of Shri Ramrupai Balaji Steels IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shri Ramrupai Balaji Steels IPO is not available.
What is the Subject to Sauda Price of Shri Ramrupai Balaji Steels 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 Shri Ramrupai Balaji Steels IPO?
Shri Ramrupai Balaji Steels IPO listed on August 2, 2005 at ₹27.2, against the issue price of ₹22 — a gain of +23.64%.
How did the GMP of Shri Ramrupai Balaji Steels IPO trend before listing?
The GMP of Shri Ramrupai Balaji Steels IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Shri Ramrupai Balaji Steels 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.
