IPO GMP shows us the premium that someone is willing to pay for the corresponding IPO in the grey market; It is used frequently to forecast the listing price of upcoming IPOs.
The company, De Neers Tools Ltd, was incorporated way back in the year 1952 to manufacture and supply industrial tools. It manufactures some of the most basic tools required in mechanical operations like spanners, wrenches, pliers, cutters, Allen Keys, hammers, screw drivers and other items in a typical mechanical tool kit.
IPO Date
IPO Close
Face Value
IPO Price
IPO Size
Lot Size
Listing At
Allotment Date
Listing Date
28th April
₹10 per share
₹95 - ₹101 per share
3rd May
₹23 Cr
2,276,800 shares
NSE SME
8th May
11th May
Date
11-May-2023
10-May-2023
GMP
Rs. 43
Rs. 35
9-May-2023
Rs. 18