IPO Grey Market Premium (GMP) is currently active across both Mainboard and SME IPOs, including names like BlueStone Jewellery, Icodex Publishing Solutions, Mahendra Realtors, Regaal Resources, Studio LSD, Shreeji Shipping Global, Patel Retail, Vikram Solar, Gem Aromatics, LGT Business, Mangal Electrical, ARC Insulation, Shivashrit Foods, Classic Electrodes, Current Infraprojects, Vikran Engineering, Sunshine Pictures, Tata Capital, Hero Motors, boAt, LG Electronics India, and more.
Stay updated with the latest GMP figures for upcoming IPOs here.
Current IPO GMP with Estimated Listing Gain
|
Stock / IPO |
IPO GMP |
Price |
Gain |
Date |
Subject |
Type |
|
Shreeji Shipping |
₹36 |
₹252 |
14.28% |
19-21 August |
₹1,500 |
Mainboard |
|
Patel Retail |
₹50 |
₹255 |
19.60% |
19-21 August |
₹2,200 |
Mainboard |
|
Vikram Solar |
₹45 |
₹332 |
13.55% |
19-21 August |
₹1,600 |
Mainboard |
|
Gem Aromatics |
₹28 |
₹325 |
8.61% |
19-21 August |
₹800 |
Mainboard |
|
Mangal Electrical |
₹33 |
₹561 |
5.88% |
20-22 August |
₹650 |
Mainboard |
|
Vikran Engineering |
₹25 |
₹97 |
25.77% |
26-29 August |
₹2,800 |
Mainboard |
|
Anlon Healthcare |
₹– |
₹91 |
-% |
26-29 August |
₹- |
Mainboard |
|
Studio LSD |
₹– |
₹51 |
-% |
18-20 August |
₹- |
NSE SME |
|
LGT Business |
₹- |
₹107 |
-% |
19-21 August |
₹- |
BSE SME |
|
ARC Insulation |
₹21 |
₹125 |
16.8% |
21-25 August |
₹16,000 |
NSE SME |
|
Classic Electrodes |
₹22 |
₹87 |
25.28% |
22-26 August |
₹26,800 |
NSE SME |
|
Shivashrit Foods |
₹8 |
₹142 |
5.63% |
22-26 August |
6,100 |
NSE SME |
|
Anondita Medicare |
₹28 |
₹145 |
19.31% |
22-26 August |
₹21,300 |
NSE SME |
|
Globtier Infotech |
₹- |
₹72 |
-% |
25-28 August |
₹- |
BSE SME |
|
NIS Management |
₹- |
₹111 |
-% |
25-28 August |
₹- |
BSE SME |
|
Sattva Engineering |
₹- |
₹75 |
-% |
26-29 August |
₹- |
NSE SME |
|
Current Infraprojects |
₹15 |
₹80 |
18.75% |
26-29 August |
₹18,200 |
NSE SME |
|
Infraprime Logistics Technologies |
₹- |
₹- |
-% |
2025 |
₹- |
BSE SME |
|
Victory Electric |
₹- |
₹72 |
-% |
2025 |
₹- |
NSE SME |
|
Wagons Learning |
₹- |
₹82 |
-% |
2025 |
₹- |
BSE SME |
|
Hero Motors |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
Vigor Plast |
₹- |
₹- |
-% |
2025 |
₹- |
NSE SME |
|
Orient Cables |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
WeWork India |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
Priority Jewels |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
Hero Fincorp |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
Tea Post |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
BMW Ventures |
₹- |
₹- |
-% |
2025 |
₹- |
Mainboard |
|
Solar91 Cleantech |
₹- |
₹- |
-% |
2025 |
₹- |
BSE SME |
|
Rosmerta Digital |
₹- |
₹- |
-% |
2025 |
₹- |
BSE SME |
Note for Investors
A high Grey Market Premium (GMP) indicates that investors are optimistic about the company and expect its share price to rise upon listing. Conversely, a low GMP signals bearish sentiment, suggesting that the share price may fall at the time of listing. Ultimately, investor demand in the grey market often influences whether an IPO lists at a premium or a discount.
IPO GMP Disclaimer
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The Grey Market Premium (IPO GMP) displayed on the IPO Watch portal is for informational purposes only.
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We do not participate in or facilitate grey market trading.
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Do not apply for an IPO solely based on GMP data.
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Always conduct thorough research on the company’s financials, promoter background, and business model before investing.
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GMP values reflect market sentiment and are influenced by subscription levels and investor demand.
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Stock market investments are subject to market risks. Make investment decisions carefully.
Regulatory Update
At the beginning of 2025, former SEBI Chairperson Madhabi Puri Buch announced that the market regulator may introduce a “when-listed” platform, allowing investors to trade IPO shares before their official listing. This initiative aims to curb unregulated grey market trading, promote better price discovery, and provide investors with a transparent and regulated mechanism for pre-listing trades.
Here’s a clean, structured, and rewritten version of your full explanation on IPO GMP, simplified for better readability while keeping all the important details intact:
What is IPO GMP?
IPO GMP (Grey Market Premium) refers to the difference between the IPO issue price and its estimated listing price in the grey market.
Before an IPO is officially listed on the stock exchanges, investors sometimes engage in unofficial trading of IPO shares in what is known as the grey market (or unofficial market). This market operates over-the-counter (OTC) without stock exchange involvement.
In simple terms, the grey market premium shows the extra price investors are willing to pay for IPO shares before listing. It reflects investor sentiment and demand, and many use it as an indicator of how the IPO might perform on listing day.
Key Points about IPO GMP
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GMP is not always reliable and cannot accurately predict listing prices.
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Listing performance depends on many factors, including demand from institutional investors, company fundamentals, and overall market conditions.
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Some IPOs with high GMPs have listed lower than expected, while others with low GMPs have surprised with strong gains.
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GMP should be treated as an indicator only, not as the sole basis for investment decisions.
Important Considerations
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Grey market trades are unofficial and rely on trust between investors and brokers.
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Rates are sourced from market research and experts, not from official exchanges.
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Trading in the grey market is illegal—use GMP figures only for reference or educational purposes.
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Always invest based on the company’s fundamentals, not just premium numbers.
What is Kostak Rate?
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Kostak Rate is the premium an investor receives for selling their IPO application to another party before allotment or listing.
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Example: If an investor sells 5 applications at ₹1000 each (₹5000 total), they secure that profit regardless of allotment.
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If allotment happens and the buyer makes higher profits on listing, the seller must pass on the additional gains as per the agreed terms.
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It is a way to lock in profits without waiting for allotment results.
What is Subject to Sauda?
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Subject to Sauda applies when IPO applications are traded on the condition of firm allotment.
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If no allotment is received, the deal is canceled.
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Profits are not fixed—it depends entirely on whether the investor actually gets the shares.
How to Calculate Grey Market Premium
The calculation is straightforward:
IPO Listing Price ≈ Issue Price + Grey Market Premium
Example: If an IPO issue price is ₹200 and GMP is ₹100, the expected listing price may be around ₹300.
However, this is only an assumption. Actual listing prices can vary widely depending on demand, subscription levels, and market trends.
Are Grey Market Stocks Safe?
-
Grey market transactions are risky and unofficial.
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Safety depends on the broker or intermediary, but there are no legal protections.
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We do not recommend trading in the grey market. Use GMP only as an indicator for market sentiment.
How to Buy / Sell IPO Applications in Grey Market
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There are no official brokers or platforms for grey market trading.
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Some local brokers facilitate deals at Kostak Rates or Subject to Sauda Rates.
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Transactions are based on trust, so caution is advised.
Factors Influencing IPO GMP
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Company Fundamentals – Strong financials, growth prospects, and reputed management boost GMP.
-
Market Conditions – Bullish markets and positive sector outlooks drive higher premiums.
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Demand & Supply – High investor demand vs. limited shares increases GMP.
Significance of IPO GMP
-
GMP provides an early indication of investor demand and expected IPO performance.
-
Helps investors gauge market sentiment.
-
However, it does not guarantee returns and should not replace due diligence.
✅ Bottom Line: IPO GMP is useful as a market sentiment indicator, but it is unofficial, unreliable at times, and should not be the sole factor in making investment decisions. Always rely on company fundamentals and proper analysis before investing.
Got it 👍
Since you said yes, I’ll create a shorter FAQ-style version of the IPO GMP explanation—perfect for a website where readers want quick, clear answers.
IPO GMP – Frequently Asked Questions
❓ What is IPO GMP?
IPO Grey Market Premium (GMP) is the difference between the IPO issue price and its estimated listing price in the unofficial market. It reflects how much extra investors are willing to pay for IPO shares before listing.
❓ Is IPO GMP Reliable?
Not always. GMP only shows market sentiment. The actual listing price depends on factors like institutional demand, company fundamentals, and overall market conditions.
❓ What is Kostak Rate?
Kostak Rate is the premium an investor gets by selling their IPO application (before allotment/listing) to another person. It locks in profit regardless of allotment results.
❓ What is Subject to Sauda?
Subject to Sauda is a deal made on the condition that shares are allotted. If there is no allotment, the deal is canceled. Profits are not guaranteed.
❓ How is IPO GMP Calculated?
Expected Listing Price ≈ Issue Price + Grey Market Premium
Example: If issue price = ₹200 and GMP = ₹100 → expected listing price = ₹300 (approx).
❓ Is Grey Market Trading Safe?
No. Grey market trading is unofficial and illegal. Transactions are based only on trust. Use GMP only for reference/education, not for trading.
❓ What Factors Affect IPO GMP?
-
Company fundamentals (financials, growth prospects, management)
-
Market conditions (bullish/bearish trends, sector outlook)
-
Demand & supply (subscription levels, investor interest)
✅ Bottom Line: IPO GMP is just an indicator of investor sentiment. Always invest after analyzing the company’s fundamentals—not just the grey market premium.
Perfect 🙌 Here’s a clean table format you can directly use on your website to explain IPO GMP calculation. It will make it easy for your visitors to quickly understand how GMP works:
IPO GMP Calculation Table
| IPO Issue Price (₹) | Grey Market Premium (₹) | Expected Listing Price (₹) | Remarks |
|---|---|---|---|
| 100 | 20 | 120 | Moderate GMP, positive sentiment |
| 150 | 50 | 200 | Strong GMP, high investor demand |
| 200 | 100 | 300 | Very bullish outlook |
| 250 | -20 | 230 | Negative GMP, weak sentiment |
| 300 | 0 | 300 | Neutral sentiment |
✅ How to Read the Table:
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Positive GMP → Investors expect listing gains.
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Negative GMP → Investors expect stock to list below issue price.
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Zero GMP → Market expects listing near the issue price.
