Sage-Tips

What is the GREY market price of Barbeque Nation?

Going by its price band of Rs 498-500, the company’s stocks on the grey market are now trading at Rs 510-512.

What is GREY premium IPO?

Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. In simple words, the stock of the company that came up with the IPO bought and sold outside the stock market. . The GPM reflects how the IPO might react on a listing day.

What are grey market stocks?

A gray market is an unofficial market for financial securities. Gray (or “grey”) market trading generally occurs when a stock that has been suspended from trades off the market, or when new securities are bought and sold before official trading begins. The gray market is an unofficial one but is not illegal.

Is BBQ listed?

NEW DELHI: Barbeque Nation Hospitality saw a weak listing on Wednesday, as the shares got listed at Rs 489.85 on NSE, a 2.03 per cent discount to its issue price of Rs 500. That means the shares were trading in the Rs 510-512 range. The initial public offering (IPO) of the casual dining chain was subscribed 5.98 times.

How can I sell my IPO in GREY market?

Selling of IPO Application Forms Put in simple words, any Demat account holder, i.e. any Indian citizen who has access to a Demat account and can legally trade in shares is allowed to apply for a company’s IPO. The same person can then proceed to sell the application form to another individual.

How do I trade IPO on grey market?

Trading in an IPO grey market involves two types of trading:

1. Trading (selling or buying) allocated IPO shares before they list on stock exchanges.
2. Trading (selling or buying) IPO applications at certain rate (premium)

How do I buy Barbeque Nation IPO?

You can apply for the Barbeque Nation IPO using any supported UPI app by following two steps:

1. Enter your bid on Console.
2. Accept UPI mandate on your phone.

How do I get a BBQ Nation IPO?

The issue, which was sold in the Rs 498-500 range, received decent response with 5.98 times subscription.

1. Visit this URL.
2. Under the issue type, click Equity.
3. Under the issue name, select Barbeque-Nation Hospitality Limited under the dropbox.
4. Write the application number.
5. Add the Pan card ID.