Vikash Metal & Power IPO GMP History
Vikash Metal & Power IPO has been listed on November 28, 2005 at a listing price of ₹12, against the issue price of ₹20 — a loss of ₹8 (-40%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Vikash Metal & Power IPO raised ₹37.81 Cr. through its IPO at a price band of TBA per share, with a lot size of 250 shares. The IPO was open for subscription from 24 Oct 2005 to 28 Oct 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. | |||||
Vikash Metal & Power IPO dates
Key dates from opening to listing. Today is 12 November.
- Open 24 Oct 2005
- Close 28 Oct 2005
- Allotment 18 Nov 2005
- Refund/credit TBA
- Listing 28 Nov 2005
Vikash Metal & Power IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹20 |
|---|---|
| Listing gain / loss | −₹8 per share |
| Listing date | 28 Nov, 2005 |
| Actual listing price | ₹12 (-40%) |
Is Vikash Metal & Power IPO GMP reliable?
Grey market premium for Vikash Metal & Power 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 Vikash Metal & Power IPO full review for a fundamentals-based assessment before making any grey market trades.
Vikash Metal & Power IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Vikash Metal & Power 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 Vikash Metal & Power IPO
Vikash Metal and Power Limited was incorporated in 1996, first for trading, and later moved into making sponge iron. Its promoters are Vimal Kumar Patni, Vikash Patni, Akash Patni, Brahmand Udyog Private Limited and Sahyogi Distributors Private Limited.
It runs a coal based sponge iron plant in Purulia, West Bengal, using iron ore and coal from mines in Bihar and Orissa and dolomite from Jharkhand.
Its total project cost was Rs 13163.18 Lacs, and Kiln II of phase I of the sponge iron plant was delayed by 4 months.
The IPO was Rs 37.81 crore at Rs 20 per share, with a face value of Rs 10.
Frequently asked
What is the GMP of Vikash Metal & Power IPO?
The current Grey Market Premium (GMP) of Vikash Metal & Power IPO is not yet started or active in the market.
What is the Kostak Price of Vikash Metal & Power IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Vikash Metal & Power IPO is not available.
What is the Subject to Sauda Price of Vikash Metal & Power 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 Vikash Metal & Power IPO?
Vikash Metal & Power IPO listed on November 28, 2005 at ₹12, against the issue price of ₹20 — a loss of -40%.
How did the GMP of Vikash Metal & Power IPO trend before listing?
The GMP of Vikash Metal & Power IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Vikash Metal & Power 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.
