Grey market quotes the SME at a ₹1 premium over the upper band of ₹62, pointing to an indicative listing near ₹63. Last updated: 14 Oct 2026, 02:21 IST.
Shivchem Agro commands a grey-market premium of ₹1 (+1.6% of the ₹62 upper band), about ₹2,000 per lot of 2000 shares. Dealers are holding the line: ₹1 unchanged across 3 tracked sessions, a stand-off between grey demand and issue pricing. Books show 2.2x total subscription (QIB 1.0x, NII 1.0x, retail 3.5x). Retail is doing the heavy lifting here while institutional books stay thin — premiums built on retail-only heat fade faster into close day. This is an SME issue on NSE Emerge/BSE SME — thinner grey-market depth than mainboard, so small dealer shifts move the quote more. The ₹124,000+ minimum ticket keeps small savers out, so SME grey quotes swing harder on fewer hands. This issue has already listed — compare the debut against the premium trail above to judge how honest the street signal was.
Unofficial street quote — treat as sentiment alongside subscription breadth and fundamentals, never as a promised listing price.
| Date | GMP | Est. Gain |
|---|---|---|
| 14 Oct | +₹1 | +1.6% |
| 13 Oct | +₹1 | +1.6% |
| 12 Oct | +₹1 | +1.6% |
Est. gain = GMP as % of the upper band price (indicative listing premium).
Grey Market Premium is an unofficial, off-exchange quote. SEBI does not recognise grey-market trading; the actual listing price is decided by order-book demand on debut day.
| Price Band | ₹59 - ₹62 |
|---|---|
| Lot Size | 2,000 shares |
| Issue Size | ₹14 Cr |
| Opening Date | 28 Sep 2026 |
| Closing Date | 30 Sep 2026 |
| Listing Date | 06 Oct 2026 |
| Subscription | 2.2x |
The latest unofficial grey market premium for Shivchem Agro IPO is ₹1 (+, as of 14 Oct 2026, 02:21 IST).
GMP is a street quote that reacts to subscription momentum, market mood and last-day demand — at the current ₹1 premium the rough math is upper band plus premium, but the number is re-quoted through the bidding window and never guaranteed.
No. GMP is an unofficial sentiment indicator that can change quickly. The actual listing price is decided by regular order-book demand on the exchanges on debut day. For Shivchem Agro, the book stands at 2.2x overall with QIB demand at 1.0x — read that breadth next to the premium, not the premium alone.
The full report with subscription status, RHP financials, strengths and data-based analysis signal is on the Shivchem Agro IPO detail page.
Read the full Shivchem Agro IPO report →
Last updated: 14 Oct 2026, 02:21 IST