Stay updated with the latest grey-market news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on grey-market topics.
New Delhi: LPG production has been increased by 28 per cent through refinery directives in the last five days, and further procurement is actively underway, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said in the Parliament on Thursday. Stressing that the government's foremost priority is that the kitchens of India's more than 33 crore families, especially the poor and the underprivileged, do not face any shortage, Puri said domestic supply is fully protected, and the deli ...Read More >
KSH International's Rs 710-crore IPO drew muted interest on day one, garnering 15% subscription and zero grey market premium, despite a strong anchor round and solid growth outlook. The Rs 710-crore KSH International IPO witnessed modest investor interest on the first day of bidding, with the issue garnering only 15% subscription. The IPO received bids for 19.87 lakh shares against the total issue size of 1.36 crore shares. In the grey market, the IPO is currently trading at a zero premium ove ...Read More >
Orkla India IPO GMP: Orkla India Ltd. IPO is a book build issue of Rs 1,667.54 crores. The issue is entirely an offer for sale of 2.28 crore shares of Rs 1,667.54 crore. Orkla India IPO price band is set at Rs 695.00 to Rs 730.00 per share. The lot size for an application is 20. Orkla India IPO GMP : The initial public offering ( IPO ) of Orkla India is set to open for subscription on October 29, 2025, and will close on October 31, 2025. The company has announced a price band of Rs 695 to Rs 73 ...Read More >
Midwest share price: Midwest, India's largest Black Galaxy Granite producer, debuted on stock exchanges at a 9.4% premium, reflecting strong investor demand for its Rs 451 crore IPO. The company's integrated model, global reach, and robust financial performance, including significant revenue and profit growth, position it as a strong player in the natural stone sector. Shares of Midwest listed at a 9.4% premium at Rs 1,165 on both NSE and BSE on Friday. The Rs 451 crore IPO generated strong inv ...Read More >
The allotment for Midwest's Rs 451 crore IPO will be finalised on Monday and investors who applied for the issue can soon check whether they have received shares. The issue received a massive response from investors, subscribing 92.36 times overall, led by strong demand from institutional and non-institutional investors. The IPO consisted of a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 201 crore, priced between Rs 1,014-1,065 per share. The company is expected to list on both ...Read More >
Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives. Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on ...Read More >
Gold smuggling into India has surged ahead of the Dhanteras and Diwali festivals due to record-high prices and tight supply, officials said. After import duties were cut from 15% to 6%, smuggling had dropped, but rising demand and limited availability have made illegal imports highly profitable. Gold prices hit a record ₹1,28,395 per 10 grams, with smugglers earning over ₹11 lakh per kilogram. Gold smuggling into India has spiked ahead of key festivals, government and industry officials told ...Read More >
Ghaziabad/Gurgaon: Crackers - the lack of it, in fact - were the talk of a roadside eatery in Farukhnagar that had filled up, much to its servers' surprise, on Wednesday morning, making it an unlikely beneficiary of Supreme Court's order allowing green crackers in Delhi-NCR.Within a couple of hours of the court's ruling, many early birds had homed in on this cracker hub in Ghaziabad with long wish lists but were surprised to see shutters drawn and orders being refused. It's at this eatery where ...Read More >
New Delhi: The primary market is buzzing this week as LG Electronics India and Tata Capital prepare to launch their much-awaited initial public offerings (IPOs). Both issues are among the most anticipated of the season, with investors watching their grey market premiums (GMPs) and key subscription trends closely. These IPOs come at a time when the market is witnessing strong investor interest and robust participation across large-cap and mid-cap offerings. The LG IPO is drawing attention due to ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) Workspace solutions provider WeWork India Management Limited is facing a muted investor response for its Rs 3,000-crore initial public offering (IPO), amid concerns raised by governance advisory firm InGovern Research Services Private over its weak financials, legal troubles involving promoters, and heavy reliance on the WeWork Global brand. According to NSE data, the IPO -- which closes for subscription today -- has been subscribed only 16 per cent while writing ...Read More >
WeWork India IPO: The stock's grey market premium has dropped sharply, now at only 0.77% above the issue price compared with 2.76% earlier. Though GMP provides a rough hint of potential listing performance, it remains unofficial and highly volatile. WeWork India's Rs 3,000-crore Initial Public Offering (IPO) has entered its second day of subscription on Monday. By the end of Day 1, the IPO saw a subdued response, with just 4% of the total issue subscribed. Bids were received for 11.12 lakh shar ...Read More >
Anand Rathi Share and Stock Brokers debuted on exchanges with a premium. The listing was below unlisted market expectations. Its initial public offering saw subscription over 21 times. Institutional investors drove demand. The company reported financial performance. Investors will now closely monitor its ability to sustain growth and protect margins. Competition from other brokers remains a challenge. Shares of Anand Rathi Share and Stock Brokers listed with a modest premium on the exchanges on ...Read More >
Nagpur: Amid rising prices of precious metals, the rates of gold and silver are higher without taxes compared to the official channel, which includes 3% GST. This indicates that too much black money is chasing a comparatively smaller amount of gold or silver available in the parallel economy. Though not unprecedented, it's a rare phenomenon in the market, said sources.On Monday, a tola (10 grams) of gold with GST stood at Rs1,19,700 to Rs1,18,970, but without a bill the rates were nearly Rs1,20, ...Read More >
MUMBAI: Tata Capital has launched the largest issue from the non-banking segment ever, with a Rs 15,512-crore primary share sale at a price band of Rs 310-326/share -- nearly half of the prevailing price in the unlisted markets. The issue, also the largest listing of 2025 so far, opens on October 6 and was delayed a week as the RBI mandate to go public ends on Tuesday. According to platforms tracking grey market activity, the company's shares are quoting at a premium. Investorgain reported a gr ...Read More >
Mumbai: Two IPOs that launched in the primary market last week -- Jinkushal Industries and Trualt Bioenergy -- have received strong investor demand. Today is the last day to invest in both IPOs, as the issues will close in a few hours. Investors are closely watching the Grey Market Premium (GMP) of both IPOs, which indicates possible listing gains. Let's look at the latest GMP, subscription status, and other important updates for both. Jinkushal Industries IPO Subscription Status Today is the ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal ...Read More >
Anand Rathi Share and Stock Brokers' ₹745 crore IPO allotment will be finalized on Friday, with shares listing on NSE and BSE on September 30. The allotment for Anand Rathi Share and Stock Brokers' Rs 745 crore IPO will be finalised on Friday. Investors who applied for shares can check their allotment status online once it is uploaded on the registrar's portal, MUFG Intime India. The equity shares are scheduled to be listed on the BSE and NSE on September 30. Applicants can check whether they ...Read More >
Epack Prefab Technologies' Rs 504-crore initial public offer (IPO) witnessed a lukewarm start on Wednesday, the first day of bidding, as the issue was subscribed 7% in the first couple of hours of the issue opening. Investors bid for 11.5 lakh shares against 1.76 crore shares on offer, data from NSE showed. The IPO is priced between Rs 194 and Rs 204 per share and includes a fresh issue worth Rs 300 crore along with an offer for sale of Rs 204 crore. As of 12 noon, the IPO was subscribed 7%, a ...Read More >
The initial public offering (IPO) of Anand Rathi Share & Stock Brokers Ltd., which opened for subscription on Tuesday, September 23, concluded its subscription process on September 25. The IPO was booked 20.66 times on Thursday. Investors bid for 27,60,82,128 shares against the 1,33,63,342 on offer. Amid the buzz, the unlisted shares have been trading at a premium in the grey market (GMP), suggesting potential listing gains for investors. As the allotment status for Anand Rathi Share IPO gets ...Read More >
Anand Rathi Share and Stock Brokers IPO GMP: The maiden public issue of the broking firm saw strong investor interest during its three days of public bidding, being subscribed nearly 21 times from September 23-25. The share allotments for Anand Rathi Share and Stock Brokers IPO will likely be finalised by today, September 26. IPO applicants can check their allotment status on BSE and NSE, as well as the official site of its registrar. The Rs 745-crore maiden public issue of the broking firm sa ...Read More >
BMW Ventures IPO opened for subscription with just 5% bids on Day 1, showing a muted start. The Rs 231.66 crore issue has no grey market premium yet, indicating weak sentiment. Retail saw 7% subscription, while NIIs and QIBs stayed away. The Rs 231.66 crore IPO of BMW Ventures Ltd opened for subscription on Wednesday, but initial investor interest appears muted for the issue. As of 12:10 PM on Day 1, the IPO was subscribed only 5% against the total offer of 2.34 crore shares, based on data from ...Read More >
Dev Accelerator's IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company's expanded services and long-term potential. Flexible workspace solutions company Dev Accelerator has received a strong response from retail investors with the quota getting subsc ...Read More >
Indians have always lived with contradictions. Splurge on the newest iPhone then haggle ferociously with the vegetable vendor over a hundred rupees. I grew up in a world where "used" or "refurbished" meant second-class. A hand-me-down was tolerated, never flaunted. That cultural hangover is real. And yet, one in five smartphones sold in India today is refurbished. The pre-owned market is already pegged at about $5 billion, with the organised segment expected to double by 2030. This is no longer ...Read More >
Patel Retail, a supermarket chain based in Maharashtra, launched its IPO of Rs 243 crore. The IPO received 45% subscription on Day 1. Grey market premium indicates strong demand. The IPO includes fresh issue and offer for sale. Funds will be used for debt repayment and working capital. The company operates 43 outlets with a wide product range. Patel Retail, a Maharashtra-based supermarket chain operator, opened its Initial Public Offering (IPO) worth Rs 243 crore on August 19. Within the first ...Read More >
Mumbai: The initial public offering (IPO) of Glen Industries, a manufacturer of eco-friendly food packaging products, opened for public bidding on July 8, 2025. The SME IPO is valued at Rs 63.02 crore and includes a fresh issue of 6.49 million equity shares. There is no offer for sale (OFS) component in this public issue. Day 1 Subscription Status: 21 percent Booked By 11 AM on the opening day, the IPO had received bids for 9,99,600 shares against the 4.69 million shares available for subscrip ...Read More >
Chennai: Trumpeting his agricultural roots and claiming familiarity with the woes of the pastoral community. AIADMK general secretary Edappadi K Palaniswami kicked started his State-wide election tour on Monday by offering prayers at the Vanabadrakaliamman temple in Mettupalayam and raising the slogan 'Save People, Redeem Tamil Nadu' (Makkalai Kaapom, Tamilagan Meetpom). After invoking divine blessings, Palaniswami's maiden rendezvous was a group of farmers, weavers and brick makers, who were w ...Read More >
New Delhi, Jul 7 (PTI) The Delhi Police has busted a gang of professional bag lifters who posed as cloth traders during peak hours in railway stations to avoid detection on CCTV. Four men were arrested, an official said on Monday. Amit Kumar (37), Karan Kumar (27), Gaurav (33), and Punit Mahto (38), targeted passengers boarding and alighting trains, particularly at crowded stations, stealing unattended blue or black luggage, and replacing stolen bags with lookalike ones to mislead surveillance ...Read More >
Mumbai: The IPO of Globe Civil Projects Limited received a huge response from investors. It opened for subscription on June 24 and closed on June 26. Now, all eyes are on the IPO allotment, which is expected to be finalised today, June 27. Once the allotment is completed, the company will credit shares to the Demat accounts of successful bidders. Refunds will be issued to those who did not get shares. The IPO listing date is likely July 1, 2025, and shares will be listed on both BSE and NSE. ...Read More >
Nisus Finance Services IPO | Investors have subscribed for 1.32 crore equity shares on Wednesday compared to offer size of 45.56 lakh shares through 10,487 applications. The initial public offering of Nisus Finance Services Co was oversubscribed on the first day of bidding, i.e. December 4, at 2.92 times on strong demand across categories of investors. The transaction advisory services, and fund and asset management services provider aims to mop up Rs 114.24 crore through public issue of 63.46 ...Read More >
Pawan Kumar Bir Singh and Anita Sharma, dubbed 'Bunty & Babli', were arrested near Bodh Gaya for stealing laptops across India. The couple sold stolen electronics in Delhi's grey markets for profit and was tracked using advanced cellphone surveillance. They remain in custody for further investigation.Pawan Kumar Bir Singh and Anita Sharma, a live-in couple dubbed "Bunty & Babli" after the infamous con couple from Bollywood, were arrested last week near Bodh Gaya, Bihar, for their involvement in ...Read More >
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