Live Grey Market Premium for all active IPOs in India. Track GMP trends, expected listing price and subscription status — updated every 6 hours.
| IPO Name | Issue Price | GMP | Est. Listing | GMP % | Subscription | Status | Close Date |
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GMP or Grey Market Premium is the premium at which IPO shares are trading in the unofficial grey market before the official listing on NSE or BSE. It represents how much extra buyers are willing to pay over the issue price.
Expected Listing Price = Issue Price (Upper Band) + GMP
Example: If an IPO has an issue price of ₹300 and GMP of +₹50, the expected listing price is ₹350 — a listing gain of approximately 16.7%.
GMP is an unofficial indicator — not regulated by SEBI. It reflects market sentiment and demand but can be manipulated. High GMP doesn't guarantee listing gains, and IPOs with negative GMP can sometimes list at a premium. Use it as one of many factors when deciding to apply.
GMP changes based on: overall market sentiment, subscription levels (how many times oversubscribed), company fundamentals, sector performance, and grey market trader activity. GMP typically peaks on the last day of subscription and normalises before listing.
Kostak rate is the price at which an entire IPO application is traded in the grey market — regardless of allotment. A Kostak of ₹500 means someone is willing to pay ₹500 for your complete IPO application.