IPO GMP Today, Live IPO Grey Market Premium

IPO GMP, also known as the grey market premium, is trending for upcoming and current IPOs: Vishal Nirmiti, Nityas Gems, SRIT India, Shah Investor’s Home, Acevector, German Green Steel, Runwal Enterprises, Orient Cables, Moneyview, A-One Steels, R.K.Fashion, TNA Solutions, Paramount Syntex, Acme India Industries, SJP Ultrasonic, Sollfege Smart Electronics, Eventions, Dove Soft, Omara Ventures, EverestIMS Technologies, Papadmalji Agro, Vans Electroengineerings, Black Opal Consultants, Acme Universal, Pind Hospitality, Shivchem Agro, Dudani Retail, Shree TNB Polymers, Bench Mark Infotech, Sai Urja Indo Ventures, Himalayan Solar, Green Asia Impex, Peshwa Wheat, Roopa Screen, and more.

The GMP gives live estimates of the upcoming IPOs listing and its an unofficial indicator for listing expectations.

Live IPO GMP with Estimated Listing Gain

The GMP of an IPO often fluctuates as per demand in the primary market. If the IPO subscription numbers appear low, investors should apply for the IPOs at their own risk.

Mainboard IPO GMP

IPO NameIPO GMP*TrendPrice BandEst. ListingDateStatus
Vishal Nirmiti₹35šŸŸ¢ā‚¹220₹255 (15.91%)30-5 OctOpen
Nityas Gems₹5šŸ”“ā‚¹75₹80 (6.67%)30-5 OctOpen
SRIT India₹48šŸŸ¢ā‚¹130₹178 (36.92%)28-30 SepClosed
Shah Investor’s Home₹15šŸŸ¢ā‚¹167₹182 (8.988%)28-30 SepClosed
Acevector₹1šŸ”“ā‚¹32₹33 (3.12%)25-29 SepClosed
German Green Steel₹13šŸ”“ā‚¹139₹152 (9.35%)25-29 SepClosed
Runwal Enterprises₹0šŸŸ”ā‚¹305₹305 (0.00%)25-29 SepClosed
Orient Cables₹90šŸŸ¢ā‚¹272₹362 (33.09%)25-29 SepClosed
Moneyview₹15šŸ”“ā‚¹34₹49 (44.12%)24-28 SepClosed
A-One Steels₹47šŸ”“ā‚¹405₹452 (11.60%)24-28 SepClosed

SME IPO GMP

IPO NameIPO GMP*TrendPrice BandEst. ListingDateStatus
R.K.Fashion₹0šŸŸ”ā‚¹82₹82 (0.00%)5-7 OctUpcoming
TNA Solutions₹7šŸŸ¢ā‚¹70₹77 (10.00%)30-6 OctOpen
Acme India Industries₹30šŸŸ¢ā‚¹196₹226 (15.31%)30-6 OctOpen
Paramount Syntex₹0šŸŸ”ā‚¹127₹127 (0.00%)30-6 OctOpen
Sollfege Smart Electronics₹0šŸŸ”ā‚¹55₹55 (0.00%)30-5 OctOpen
Omara Ventures₹0šŸŸ”ā‚¹311₹311 (0.00%)30-5 OctOpen
SJP Ultrasonics₹0šŸŸ”ā‚¹67₹67 (0.00%)30-5 OctOpen
Eventions₹0šŸŸ”ā‚¹118₹118 (0.00%)30-5 OctOpen
Dove Soft₹0šŸŸ”ā‚¹111₹111 (0.00%)30-5 OctOpen
EverestIMS Technologies₹20šŸŸ¢ā‚¹85₹105 (23.53%)29-5 OctOpen
Papadmalji Agro₹0šŸŸ”ā‚¹72₹72 (0.00%)29-1 OctOpen
Vans Electroengineerings₹90šŸŸ¢ā‚¹118₹208 (76.27%)29-1 OctOpen
Black Opal Consultants₹48šŸŸ”ā‚¹197₹245 (24.37%)29-1 OctOpen
Shree TNB Polymers₹0šŸŸ”ā‚¹52₹52 (0.00%)28-5 OctOpen
Acme Universal₹10šŸŸ¢ā‚¹71₹81 (14.08%)28-30 SepClosed
Pind Hospitality₹1šŸ”“ā‚¹99₹100 (1.01%)28-30 SepClosed
Shivchem Agro₹1šŸ”“ā‚¹62₹63 (1.61%)28-30 SepClosed
Dudani Retail₹1šŸ”“ā‚¹29₹30 (3.45%)25-29 SepClosed
Bench Mark Infotech₹26šŸ”“ā‚¹110₹136 (23.64%)25-29 SepClosed
Sai Urja Indo Ventures₹0šŸŸ”ā‚¹113₹113 (0.00%)25-29 SepClosed
Himalayan Solar₹0šŸŸ”ā‚¹103₹103 (0.00%)25-29 SepClosed
Green Asia Impex₹0šŸŸ”ā‚¹90₹90 (0.00%)24-28 SepClosed
Peshwa Wheat₹0šŸŸ”ā‚¹101₹101 (0.00%)24-28 SepClosed
Roopa Screen₹42šŸŸ¢ā‚¹64₹106 (65.62%)24-28 SepClosed

🟢 = Positive | šŸ”“ = Negative | 🟔 = No change / stable

Note for Investors: GMP is an indicator of investor sentiment, not a promise of listing gains. A high IPO premium indicates that investors are bullish on the company and expect the share price to rise when the company lists on the stock exchange. A low GMP of an IPO indicates that investors are bearish on the company and expect the share price to fall when it lists. The demand will lead to a positive or negative listing of the respective IPO.


What is IPO GMP?

The IPO GMP, also known as IPO Grey Market Premium, refers to the difference between the issue price and its estimated listing price in the grey market. Before an IPO officially hits the stock exchanges for public trading, investors engage in unofficial trading of the IPO shares during a period called the grey market or unofficial market trading. The grey market is an over-the-counter market where shares are bought and sold without the involvement of the stock exchanges.

The IPO premium is the difference between the price at which investors trade shares of an Initial Public Offering (IPO) in the grey market. The grey market allows investors to buy and sell shares before the company lists on a stock exchange. Investors can use the IPO GMP price as a gauge of their sentiment toward an IPO to decide whether to invest.

The GMP price isn’t always an accurate predictor of how the share price will perform when the IPO is listed on the stock exchange. There are a number of factors that can affect the share price on the listing, such as the level of demand from institutional investors and the overall market conditions. The GMP is simply a reflection of investor sentiment at a particular point in time. The actual performance of the shares will depend on several factors, including the company’s performance, general market conditions, and other factors. One key aspect that captures the interest of potential investors is the IPO Grey Market Premium.

The IPO listing might vary from the estimated listing price suggested by the grey market due to the bull/bear market or the demand for the company’s shares. We have witnessed a vice versa movement on the listing day against the grey market predictions. Some IPOs have high grey market premiums, but they are listed below expectations, and in other cases, there are some IPOs that have low grey market premiums, but they are listed at a higher price on the listing day. As we have mentioned, the grey market is always one of the strong factors for the IPO listing gain calculation, but we highly recommend investors use the grey market rates for information or for educational purposes only. The IPO investment should not be traded based on a prediction.

Important Points to Consider about IPO GMP:

  • Read IPO analysis before applying for an IPO.
  • The grey market rates are calculated and provided or sourced from online, market research, or experts.
  • We do not recommend trading in the Grey Market as it’s illegal.
  • Do not subscribe to the IPO at the premium given above. It may change anytime before listing without any prior notice or information.
  • Subscribe only considering the Fundamentals of the companies.

What is Grey Market Premium?

The IPO grey market premium refers to the IPO premium or additional price at which IPO shares are traded unofficially before their official listing on a stock exchange. It represents the market’s perception of the potential value and demand for the shares.

The IPO GMP is a term people use in the IPO market to check what the estimated price is at which the IPO might list. It is unofficial, but investors look at an IPO’s grey market price to get the stock’s fixed gain. It works before the IPO listing and during the days from the IPO start date to the allotment date. The grey market premium indicates how the IPO might react on a listing day with an estimated price.

Let’s see how the IPO GMP calculation goes. If the company comes up with an IPO of ₹100 and the grey market premium is around ₹20, then we can assume that the IPO might list at around ₹120 on its listing day. But the fact is, there is no guarantee. In most cases, grey market works, but in some cases, it doesn’t. We have observed that if the IPO is in demand and the estimated HNI and QIB subscription is on the higher side, the IPO list is around the given price with an estimated IPO grey market.

What Factors are Influencing IPO GMP?

Several factors contribute to the IPO Grey Market Premium, including:

  • Company Fundamentals: Strong financials, growth prospects, and a reputable management team can positively impact the GMP.
  • Market Conditions: Overall market sentiment, sector performance, and economic factors influence investor appetite for IPOs.
  • Demand and Supply Dynamics: The number of shares available and the level of investor interest play a crucial role in determining the GMP.

What is the Kostak Rate?

The Kostak rate is the amount that one investor pays to the seller of an IPO application before the IPO listing. As the grey market reacts, the Kostak rates also react that way. One can buy and sell their full IPO application at Kostak rates outside the market and fix their profit. The Kostak rates apply whether the investor gets the IPO allotment or not; the buyer should pay the Kostak rates for the IPO.

If the investor did 5 applications for one IPO and sold the same at ₹1000 per application, it means they secured the IPO profit at ₹5000. If the investor gets the allotment in 2 applications, still his profit will be ₹5000. Now, if the investor sells the stock and gets a profit of around ₹10000, then he or she needs to give the remaining profit of ₹5000 to the investor who bought the application. This is the secure way to sell your application in the IPO grey market.

What is Subject to Sauda?

As per the Kostak rate, the Subject to Sauda on the application is the amount decided when the investors get the firm allotment on their IPO Application. If one buys or sells the IPO application on the subject to sauda, it means one can get the said amount if one gets the allotment; otherwise, the sauda will be canceled. In this, one can not fix their profit as it depends on the allotment. If the investor gets an allotment and sells the application for around ₹10000 and the profit goes high on listing day, around ₹15000, then one should pay ₹5000 to the investor who bought the application.

How to Calculate Grey Market Premium?

The IPO GMP is a price that is traded in the grey market before the IPO listing process. The calculation is done based on the company’s performance, its demand in the grey market, and the probability of the subscription. Let’s assume that if the X IPO price is fixed at ₹200 and the grey market is showing the rate of ₹100, it means the IPO might list at ₹300 (ie, ₹200+₹100). Still, this is an assumption, but the actual listing might vary from the grey market price.

Are Grey Market Stocks Safe?

It depends on the broker or the trading person, and we suggest it is not safe. If you are trading in the grey market, it will be at your own risk. There might be fluctuations on the higher side, so one needs to do it with precautions. As we suggest, just refer to the IPO GMP for listing gain purposes. Be wise and trade in the primary market after listing only.

How Do I Buy / Sell IPO Application in the Grey Market?

There are no official people or businesses associated with the grey market. Some brokers buy and sell IPO applications at Kostak Rates or Subject to Sauda Rates based on the IPO GMP. One should find local brokers who stay between buyers and sellers and do the grey market trading of IPO applications. Be aware of the rates and then do the buying or selling.

Significance of IPO GMP

The IPO Grey Market Premium serves as an indicator of market sentiment and the perceived value of the IPO shares. It allows potential investors to gauge the level of demand and the IPO premium they may have to pay if they wish to purchase shares during the IPO. However, it’s essential to note that the GMP doesn’t guarantee future performance and is subject to change.

IPO GMP Disclaimer

  • The GMP of IPO displayed on the IPO Watch portal is for informational purposes only.
  • We do not trade in the grey market.
  • Do not apply the IPO based on the IPO GMP. It is unofficial, unregulated, and subject to change without prior notice. It should not be treated as investment advice or a guaranteed indicator of listing performance. Investors should watch the IPO subscription data pushed by the stock exchanges and do their own research before making any investment.
  • A thorough analysis of the company’s financials, promoters’ data, and the company’s business will help the investor.
  • The grey market is based on the IPO demand in the market, which shows in the subscription numbers.
  • The GMP numbers are based on the estimated subscription and demand for the particular IPO.
  • The stock market investments are subject to market risk. Make your decision wisely.

IPO GMP and Grey Market Premium FAQs:


What is IPO GMP?

IPO GMP, or Grey market premium is an Unofficial amount that is traded in the grey market before its listing on the stock exchange.

Can IPO GMP predict the success of an IPO?

Yes, GMP of IPO can predict the success of an IPO most of the time. Grey market premium depends mostly on market sentiment and investors’ mood. So, IPO GMP may not always predict the success of an IPO, but do offer valuable insights on the IPOs.

How is IPO GMP calculated in the grey market?

IPO grey market premium is the process between buyers and sellers in an unofficial market. The calculation is based on the company’s performance, demand in the grey market, and the chance of subscription. Assuming the X IPO price is fixed at ₹500, and the grey market rate is ₹200, the IPO might list at ₹700 (i.e., ₹500+₹200).

Is investing based on GMP data safe?

Only investing in an IPO solely based on GMP data is certainly not safe. Grey market premium is just a glimpse of how an IPO will do on the market, which is not always correct. As an investor, it is crucial to not invest in the IPO based on GMP data but invest by checking the company’s financial growth and demand.

What other metrics should be considered besides grey market premium?

Besides grey market premium, investors should consider other metrics It is recommended to Compare peer and industry comparisons, Analyze border market mood and institutional confidence, and Analyze fluctuations in the GMP.

What is the Kostak Rate and Subject to the Sauda Rate in the grey market?

Simply put, the Kostak rate is a fixed rate on an IPO in the grey market, if one is selling their purchased share on the grey market, it is likely to get a fixed rate. While Subject to Sauda, both buyers and sellers decide on an IPO; however, if buyers get an IPO allotment, the deal will be applied.

How much GMP is good in the IPO?

Good IPO GMP depends on various factors such as market sentiment, investors’ mood, the company’s fundamental growth, revenue, cash flow, etc.

Where to Check Live IPO GMP Online?

There are many websites and platforms available to check the Live IPO GMP. One of the trusted sources that offer real-time update on GMP is IPO Watch. Not only do they provide real-time updated GMP figures, but also provide other information like subscription, allotment, financial information, reports, and expected listing gains.

155 Responses

  1. Hi,
    Your website is very useful, thanks for taking the effort to keep it upto date. One request there is trend bubble – red, green etc. how does this correlate to listing gains?

    1. It indicates whether the gmp is increased or decreased than the last updated one.
      Red – Decreased
      Green – Increased
      Orange – Moderated

  2. There must be filter option to segregate IPO categories in IPO GMP Today, Live IPO Grey Market Premium Price function shown on ur website so as investors must find easily their desired category to apply in IPO that means mainboard, SMC respectively. U may note that category of maximum public in applying IPO would be for Mainboard IPOs only across the India .

    Filter option suggested above is same as avilable in any excel file. I hope u may try to execute it on ur website sooner based on my genuine sugestion.

    1. Hi Viral,

      Thanks for your effective suggestion. We are trying to launch a new version and coming with finer version of GMP with details mentioned by you.

  3. Keep open IPOs of mainboard first (date wise) followed by open IPOs of NSE & BSEs. Then upcoming mainboard and NSE & BSEs. Then Closed mainboard and NSE&BSEs. This will be good to track.

  4. You and your team services are commendable sir.
    The information in your website is very much useful especially for beginners.
    Keep it up.

      1. Thank you for your good analysis. I always check gmp after that decide to apply on IPO..
        Nice page.. I will give 4 rating.

  5. One of the best portal for IPO GMP information and accurate informatoin about All IPOs. Thanks Jagat Ji and IPO Watch Team.

  6. GMP is more flactuating when the market is not on the support. IPO Watch team is very accurate when it comes to the IPO GMP.

      1. Please Show details of Mainboard IPOs and SME IPOs in seperate tables for convenience and don’t mix both types of IPOs in one table. Increase the size of Columns so that details can be shown properly, earlier format was good but now columns became narrow so words are not fully fitting in the columns and words are breaking in parts.

  7. I made huge loss on Tata Capital. I bought from GM at highest premium. Unfortunately listed in the market 68% down from my buying price….

      1. Hi sir I think ipo in retail category is not for common people like me šŸ˜•
        I have been trying to get allotment for last year but still no allotment.
        Please reply or suggest something..

  8. Totally wrong in predicting sharing premium on Neptune Logistics. It is at a discount of 30% while it was projected at premium of over 15%

  9. How can a small investor apply for SME IPOs considering max limit of Rs 2.00 lakh but minimum investment required for most IPOs is above 2.00 Lakhs.

  10. Update the above listed IPO Table where IPO Price of Rubicon Research and Canara Robeco both are interchanged.

  11. I have been allotted shares in the lenskart IPO, but the application amount has not been debited from my bank account due to a technical glitch at the bank’s end (SBI) during the UPI mandate execution.

  12. ipo with last date of subscription should be in decreasing order with subscription and GMP, everyone wants to look in this order

  13. IPO Watch GMP data always been a trustable, giving more clarity we should apply IPO or not. Its been a good performance for investors who are willing to invest in IPOs.

  14. Dear Team would like to suggest please keep separate list of expired IPO * active & upcoming IPOS.. Why should we go through line items whose dates have gone by then check in between which are active..
    So in effect if can have two tables.. One with Expired IPO dates and one with current or active & upcoming list.. So I can just go through active IPO list and not waste time on ignoring expired line items..

  15. I regularly follow up this site. it is very useful for investment and take decision for future provisions of funds. Thank you very much for timely update and guidance.

  16. Hi, Does show wrong gain in percentage for “GLEN Industries IPO”. IPO GMP is Rs.30/- but it is 0.92% in Goin column. You should be update & resolve it error.

  17. As retail investor am I eligible to apply for more than Rs.2 lakhs as minimum application is more than 2 lakhs in Glen industry.

  18. Following IPO Watch for GMP updates is common among IPO investors, and many people do use it as a quick reference for market sentiment.

  19. INE658R01011
    Please confirm this share price in grey market motilal owswal because invested lott off mony but no reply any person

  20. ą¤›ą„‹ą¤Ÿą„‡ ą¤Øą¤æą¤µą„‡ą¤¶ą¤•ą„‹ का ą¤•ą„ą¤› ą¤Øą¤¹ą„€ą¤‚ ą¤¹ą„‹ą¤—ą¤¾

  21. Hi, you should sort IPOs based on ascending order date. And keep columns in this format – Company Type Date Price GMP Gain % and make sure IPO names are removed as soon as lPO is allotted before listing.

    1. Sir,
      First thanks for updating us in a required manner.

      Request
      Please add one column in Listed IPO place with mentioning the current price.

  22. I wish to sell my demat account for new IPO applications (Mainline/SME) & also trade for trade in gmp of my select IPO’s. What’s the process to join any reputed trader.My current Demat with Nuama will do or I have to open a fresh demat account? Plz reply & suggest. Thanks.

  23. ą¤¬ą¤”ą¤¼ą„‡ ą¤²ą„‰ą¤Ÿ ą¤øą¤¾ą¤‡ą¤œ का ą¤†ą¤ˆ ą¤Ŗą„€ ओ 1000/1200 वाला ą¤›ą„‹ą¤Ÿą„‡ ą¤Øą¤æą¤µą„‡ą¤¶ą¤•ą¤°ą„ą¤¤ą¤¾ ą¤•ą„‹ ą¤Øą¤¹ą„€ दिया जाता ą¤¹ą„ˆ ą¤•ą„ą¤Æą„‹ą¤‚

  24. जिस ą¤†ą¤ˆ ą¤Ŗą„€ ओ का ą¤²ą„‰ą¤Ÿ ą¤øą¤¾ą¤‡ą¤œ 1000/1200 रहता ą¤¹ą„ˆ ą¤•ą„ą¤Æą¤¾ आम ą¤Øą¤æą¤µą„‡ą¤¶ą¤• ą¤•ą„‹ ą¤…ą¤²ą„‰ą¤Ÿą¤®ą„‡ą¤‚ą¤Ÿ ą¤¹ą„‹ą¤¤ą¤¾ ą¤¹ą„ˆ हम जब ą¤­ą„€ ą¤†ą¤ˆ ą¤Ŗą„€ ओ का ą¤†ą¤µą„‡ą¤¦ą¤Ø ą¤•ą¤°ą„‡ ą¤¹ą„ˆ ą¤•ą¤­ą„€ ą¤Øą¤¹ą„€ą¤‚ ą¤®ą¤æą¤²ą¤¾ą„¤ ą¤•ą„ą¤Æą„‹ą¤‚

    1. It depends upon number of times it is oversubscribed. If u don’t care about premium, u may apply when the subscription is not much. But we must get allotment only when it is listed above issue price.

  25. I greatly enjoyed reading your blog post. Your insights were incredibly helpful, and the way you presented them really resonated with me.

    1. Hello Deepak,

      Few Companies opt for T+3 instead of T+6 that is why the allotment comes out before the allotment date. After December all companies IPO date will be in T+3 segement so allotment will come on the last day or the the day after closing of respective IPOs.

  26. Maine itna baar padh liya kostak rates aur subject to sauda rates merko samhj hi nahi aa raha ye dono, koi samjha do yaar please??

  27. Accurate IPO GMP Rates. Keep updating on daily basis help us to decide to apply an IPO or not. Super Thanks.

  28. Very informative and good guide. Most of GMP forecast comes true. Keep updating the price. Thanks a lot

  29. Your gmp list should be shown in order of IPO closing date. The IPO which is closing in last should appear on top.

  30. upto date information and almost all the IPOs are listing near to the grey market premium suggested by IPO Watch GMP page.

      1. š‡šžš„š„šØ š¬š¢š« š¦ššš¢š§šž š›ššš”š®š­ š›ššššš« šˆššŽ š¤šž š„š¢š²šž ššš©š©š„š² š¦š¢š²šš š„šžš¤š¢š§ ššš¤ š›ššššš« š›š”š¢ ššš„š„šØš­š¦šžš§š­ š§š”š¢ š¦š¢š„šš š¤š²šš š¤š«šž š£š¢š¬š¬šž ššš„š„šØš­š¦šžš§š­ š¦š¢š„ š£ššš²šš š¤š«šž… šš„šžššš¬šž š”šžš„š© š¦šž

  31. Please rectify the link for Kaynes Technology. It is pointing to wrong company!!!.

    also other sites indicate GMP of 75 but here it is shown as 15.. Kindly check.

    Thanks

      1. Hi,
        Please suggest that Exicom tele-services limited IPO to be hold for long term or to trade on listing day for profit ?

  32. The great results we have seen via IPO GMP Page. Each time you post the rates and the IPO settles around the rate. Keep updating.

        1. Good SME IPO getting highest subscription and due to that the basis of allotment is on a higher side. Lucky one will get the allotment. Try to apply in multiple accounts to get the allotment. 1 Allotment in the year will give a good profit for sure.

          1. I understand for allotment different accounts of one person are not considered but only pan number basis is considered.
            Is it true?

    1. Iam Appling in SMEipo fordifferent PAN no but no allotment in sme ipo any Guru mantra for sme ipo Allotment

      1. Hi Mayur,

        Keep applying as the higher subscription will be always an issue to get the allotment. We have witnessed that the investors will get the allotment if they apply the IPOs.

    1. Great information and details. Normally i use this details for registering IPO.
      Just one suggestion if normal and SME IPO details can be segregated.

  33. Nice information. Keep it up. I always check Ipowatch for the grey market update and most of accurate. Keep the thing upto the mark always.

    1. Request to IPO Watch Management, Please dont mix list of Mainline and SME IPOs. Show IPO details and GMP of Mainline IPOs & SME IPOs seperately so that we can check details of IPOs properly as per category.

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