Investors should be ready for one more IPO in the coming week. Godrej Agrovet is coming with an IPO in next week i.e. first week of October. The IPO of Godrej Agrovet will open on 04 October 2017 and it will close on 06 October 2017. So, if you are thinking whether or not to apply, then you must have to check the fundamentals of the company, along with the other details such as revenue, profit, loss and the price band. We have seen that the aggressive pricing by the company leads to the poor opening on a listing day.
The listing of ICICI Lombard IPO will be done tomorrow and it is the perfect example of the aggressive pricing. The premium of the IPO went into discount and everyone would like to sell it on a listing day. So, we like our retail investors to be smart and do not apply for the IPO which is priced aggressively. Because you can get the shares of the same company at the cheaper rates than the IPO. So, why investing in the highly priced IPO. Another example is SBI Life IPO, it was valued at Rs. 30,000 crores in December 2016 and now in September 2017, it is valued at Rs. 70,0000 crores at the upper band of the price. WHF, can you imagine the valuation jump, Its 40,000 crores in 09 months. Investors should use their brain and do the proper research before applying.
Another example is SBI Life IPO, it was valued at Rs. 30,000 crores in December 2016 and now in September 2017, it is valued at Rs. 70,0000 crores at the upper band of the price. WHF, can you imagine the valuation jump, Its 40,000 crores in 09 months. We like investors to be wise. These companies are not bad, but it is overpriced. We can get these shares at much more cheaper than the current rates.
Godrej Agrovet IPO greymarket Premium
If we talk about the price band of Godrej Agrovet IPO, the company has set price range at Rs. 450- Rs. 460 per share. As soon as the company has decided the price band, the grey market business has started in this IPO. The grey market premium of Godrej Agrovet is around Rs. 115 to 120 and the Kostak rates are Rs. Rs. 425. If you want to check the daily grey market price of Godrej Agrovet IPO, check this page. You must visit this page every day for the latest price.
|26 September 2017||Rs. 115 to 120||Rs. 425||—-|
|27 September 2017||Rs. 115 to 120||Rs. 500||Rs. 2500|
|28 September 2017||Rs. 110 to 115||Rs. 500||Rs. 2500|
|29 September 2017||Rs. 110 to 115||Rs. 500||Rs. 2500|
|03 October 2017||Rs. 110 to 115||Rs. 500||Rs. 2500|
|05 October 2017||Rs. 115||Rs. 500||Rs. 2500|
|09 October 2017||Rs. 135||Rs. 650||Rs. 3200|
|10 October 2017||Rs. 155||Rs. 770||Rs. 3200|
|11 October 2017||Rs. 165||Rs. 850||Rs. 3200|
11 October 2017: GMP and Kostak rates are up, GMP is Rs. 165 and Kostak rate is Rs. 850.
10 October 2017: The current GMP is Rs. 155, Kostak Rates Rs. 770 and Sauda deals Rate is Rs. 3200.
09 October 2017: GMP is Rs. 135, Kostak rate is Rs. 650 and subject to sauda rates are Rs. 3200.
05 October 2017: Godrej Agrovet GMP was Rs. 115 on 05 October 2017. The Kostak rate was Rs. 500 and the Subject to sauda deals price were Rs. 2500.
Godrej Agrovet IPO GMP
- Name of the IPO: Godrej Agrovet Limited
- IPO Dates: 04 October 2017 to 06 October 2017
- IPO Price Band: Rs. 450- Rs. 460 per share