Aeroplane Basmati Rice IPO Day 3: GMP ₹8
Day 3 of the Aeroplane Basmati Rice IPO subscription period has arrived, and the market is keenly watching the subscription figures and Grey Market Premium (GMP) for this Mainboard IPO on the NSE. As investors weigh their options before the subscription window closes on March 27, 2026, understanding the current sentiment is crucial.
| Date | GMP | Est. Listing |
|---|---|---|
| 01 Apr | +₹3 | ₹204 |
| 31 Mar | +₹2 | ₹203 |
| 30 Mar | +₹3 | ₹204 |
| 28 Mar | +₹3 | ₹204 |
| 27 Mar | +₹7 | ₹208 |
Subscription Status
As of Day 3, the subscription numbers for Aeroplane Basmati Rice IPO remain at 0x across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This indicates that no applications have been formally lodged yet. Typically, the latter half of the subscription period sees a significant surge in interest, especially from retail investors. The absence of any subscription activity at this stage could suggest a cautious approach from investors, or perhaps a strategic wait-and-watch policy until the final day.
The lot size for the IPO is set at 70 shares. The issue price is ₹201 per share. With the subscription at zero, it’s impossible to gauge the demand from any specific investor segment. QIB subscriptions are often a strong indicator of institutional confidence, while NII subscriptions reflect the interest from high-net-worth individuals. Retail subscriptions are a key driver for most IPOs. The current lack of data means that all these crucial demand indicators are yet to materialize.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 1.36x | |
| NII / HNI | 12.70x | |
| QIB | 1.11x | |
| Total | 3.23x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 01 Apr | 1.36x | 12.70x | 1.11x | 3.23x |
| 27 Mar | 1.36x | 12.70x | 1.11x | 3.23x |
| 25 Mar | 0.56x | 5.24x | 0.78x | 1.47x |
| 24 Mar | 0.37x | 4.61x | 0.58x | 1.19x |
GMP Update
The Grey Market Premium (GMP) for Aeroplane Basmati Rice IPO currently stands at ₹8. This figure has remained unchanged from the previous day. The GMP represents the unofficial premium at which IPO shares are traded in the grey market before their official listing. A GMP of ₹8 suggests a modest expected listing gain. Based on the issue price of ₹201, the expected listing price is around ₹209 (₹201 + ₹8).
While a positive GMP is generally a good sign, a stable and low GMP like ₹8 on Day 3 might not be generating significant excitement. It suggests that the market is not anticipating a dramatic surge on listing day, but rather a more subdued performance.
Should You Apply?
The decision to apply for the Aeroplane Basmati Rice IPO requires a balanced assessment of the available data. The zero subscription figures on Day 3, coupled with a stable but modest GMP of ₹8, present a mixed picture. While the low GMP doesn’t signal a high risk of listing losses, it also doesn’t promise substantial immediate gains. Investors should consider their risk appetite and investment horizon.
It is advisable for potential investors to conduct thorough due diligence on the company’s fundamentals, future prospects, and financial health. Remember, GMP is an unofficial indicator and should not be the sole basis for investment decisions. As per SEBI advisories, investors are encouraged to make informed decisions based on comprehensive research.