Tech Mahindra IPO GMP History
Tech Mahindra IPO has been listed on August 28, 2006 at a listing price of ₹521, against the issue price of ₹365 — a gain of ₹156 (+42.74%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Tech Mahindra IPO raised ₹465.23 Cr. through its IPO at a price band of ₹315 to ₹365 per share, with a lot size of 16 shares. The IPO was open for subscription from 01 Aug 2006 to 04 Aug 2006.
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. | |||||
Tech Mahindra IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 01 Aug 2006
- Close 04 Aug 2006
- Allotment 16 Aug 2006
- Refund/credit TBA
- Listing 28 Aug 2006
Tech Mahindra IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹365 |
|---|---|
| Listing gain / loss | +₹156 per share |
| Listing date | 28 Aug, 2006 |
| Actual listing price | ₹521 (+42.74%) |
Is Tech Mahindra IPO GMP reliable?
Grey market premium for Tech Mahindra 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 Tech Mahindra IPO full review for a fundamentals-based assessment before making any grey market trades.
Tech Mahindra IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Tech Mahindra 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 Tech Mahindra IPO
Tech Mahindra Limited was formed in 1986 as a joint venture between Mahindra and Mahindra (M&M) and British Telecommunications plc (BT), which are its promoters.
It provides IT services and solutions to the telecommunications industry, and in fiscal 2005 it was ranked by NASSCOM as the eighth largest Indian IT services company by export revenue.
Through its long relationship with BT it had a strong presence in Europe, and it was growing in North America with clients such as AT&T and in the Asia-Pacific region. Most of its management and technical staff were based at a single facility in Pune.
The IPO was Rs 465.23 crore, with Rs 116.31 crore of fresh issue and Rs 348.92 crore of offer for sale by M&M and BT, at Rs 365, the top of the Rs 315 to Rs 365 band. The fresh money was for its delivery infrastructure.
Frequently asked
What is the GMP of Tech Mahindra IPO?
The current Grey Market Premium (GMP) of Tech Mahindra IPO is not yet started or active in the market.
What is the Kostak Price of Tech Mahindra IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Tech Mahindra IPO is not available.
What is the Subject to Sauda Price of Tech Mahindra 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 Tech Mahindra IPO?
Tech Mahindra IPO listed on August 28, 2006 at ₹521, against the issue price of ₹365 — a gain of +42.74%.
How did the GMP of Tech Mahindra IPO trend before listing?
The GMP of Tech Mahindra IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Tech Mahindra 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.
