Aureate Tradde IPO Day 3: GMP ₹7 (+₹7)
Welcome back, investors! We’re now at the halfway mark for the Aureate Tradde SME IPO, and Day 3 has just wrapped up. As of the close of subscriptions on May 31st, 2026, the IPO, which opened on May 29th, is showing some interesting early trends. With the issue closing on June 2nd, there’s still time to get in, but let’s dive into what the numbers are telling us.
| Date | GMP | Est. Listing |
|---|---|---|
| 02 Jun | +₹12 | ₹82 |
| 01 Jun | +₹10 | ₹80 |
| 30 May | +₹7 | ₹77 |
| 29 May | ₹0 | ₹70 |
| 28 May | ₹0 | ₹70 |
Subscription Status
As of the end of Day 3, the subscription figures for Aureate Tradde are as follows: Retail investors have shown 0x subscription, Non-Institutional Investors (NII) are at 0x, Qualified Institutional Buyers (QIB) are also at 0x, leading to a total subscription of 0x. Now, don’t let these zeroes alarm you immediately. For SME IPOs, especially in the initial days, it’s quite common to see subdued subscription numbers. This is often because many investors, particularly HNIs and institutional players, tend to wait until the last day or two to place their bids. They’re often assessing market sentiment, GMP trends, and the overall subscription velocity before committing their capital. So, while a 0x subscription might look stark, it’s not necessarily a red flag at this stage for a SME IPO. You’ll want to keep a close eye on the final days to see if there’s a surge in interest.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 2.42x | |
| NII / HNI | 0.00x | |
| QIB | 0.00x | |
| Total | 1.49x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 02 Jun | 2.42x | 0.00x | 0.00x | 1.49x |
| 01 Jun | 1.36x | 0.00x | 0.00x | 0.81x |
| 29 May | 0.26x | 0.00x | 0.00x | 0.16x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP). Yesterday, the GMP for Aureate Tradde was at ₹0. Today, we’ve seen a significant jump, with the current GMP standing at ₹7. This is a positive development, indicating a shift in market sentiment and a growing expectation of a listing gain. The previous GMP of ₹0 suggested a flat listing or even a slight discount. However, this increase to ₹7, representing a 10% jump over the issue price of ₹70, is encouraging. It suggests that the market is beginning to price in a premium for this stock. The expected listing price is now around ₹77 (Issue Price ₹70 + GMP ₹7). This upward movement in GMP, even with zero subscription data, can often be a leading indicator of demand to come. It’s this sort of movement that savvy investors watch closely.
Should You Apply?
So, the million-dollar question: should you be applying for Aureate Tradde? It’s a bit of a mixed bag right now. On one hand, the subscription numbers are zero, which, as we discussed, isn’t unusual for SME IPOs but doesn’t offer any concrete demand signals yet. However, the GMP has moved from ₹0 to ₹7, which is a definite positive. This indicates a growing positive sentiment and potential for listing gains. The issue price is ₹70, with a lot size of 2000 shares, meaning an investment of ₹1,40,000 per lot. The expected listing at ₹77 offers a decent potential upside. That said, it’s crucial to remember that GMP is not an official indicator and can be volatile. As per SEBI’s advisory, investors should always do their own due diligence and not rely solely on GMP. Consider your risk appetite, the company’s fundamentals (which you can find more on), and the overall market conditions before making a decision. The final two days of subscription will be crucial in determining the real demand for this IPO. Keep watching this space!