IPO GMP Today: Live Grey Market Premium
Live IPO GMP for every current and upcoming IPO, shown as a range from several grey market trackers. Then the part nobody else shows: how often GMP got the listing price wrong.
Live IPO GMP today
IPO GMP live table for IPOs open for bidding or waiting to list. Estimated listing price = upper price band + middle of today’s GMP range.
| IPO | Price band | GMP today | vs yesterday | Est. listing | Subscribed | Allotment chance | 9AM score |
|---|---|---|---|---|---|---|---|
| Ajwa Projects IPO GMPSMELists 4 Nov | ₹203 | No quote yet | – | – | 1.12x | 1 in 2 | 24/100 |
| Carver Roboweld IPO GMPSMELists 4 Nov | ₹76 – ₹80 | No quote yet | – | – | 25.8x | 1 in 19 | 50/100 |
| M.K.Sons Fine Jewels IPO GMPMainboardLists 4 Nov | ₹153 – ₹162 | No quote yet | – | – | 5.09x | 1 in 3 | 61/100 |
| Antala Industries IPO GMPSMELists 5 Nov | ₹63 – ₹67 | No quote yet | – | – | 1.13x | 1 in 1 | 25/100 |
| Bombay Coated & Special Steels IPO GMPMainboardLists 5 Nov | ₹78 – ₹82 | No quote yet | – | – | 63.89x | 1 in 35 | 55/100 |
| HGS (India) IPO GMPSMEBidding open | ₹114 – ₹120 | No quote yet | – | – | 20.96x live | 1 in 26 | 43/100 |
| Johnsoncab Electricals IPO GMPSMEBidding open | ₹190 – ₹200 | No quote yet | – | – | 2.01x live | 1 in 2 | 34/100 |
| Maxwell Engineering Solutions IPO GMPSMEBidding open | ₹150 – ₹158 | No quote yet | – | – | 80.34x live | 1 in 110 | 62/100 |
| Vectras Enprocon IPO GMPSMEBidding open | ₹99 – ₹105 | No quote yet | – | – | 1.31x live | 1 in 1 | 25/100 |
| Vedant Poly Fabs IPO GMPSMEBidding open | ₹88 – ₹94 | No quote yet | – | – | 0.42x live | 1 in 1 | 13/100 |
Upcoming IPO GMP
IPOs opening soon. Grey market trading usually starts a few days before an IPO opens, so many show no GMP yet.
| IPO | Opens | Price band | GMP |
|---|---|---|---|
| No IPO with announced dates opens in the next 30 days. | |||
GMP Reality Check: GMP vs actual listing
Every IPO we tracked, comparing the GMP on the evening before listing with the real listing-day opening price. “Close” means within 5 percentage points.
| IPO | Listed | GMP said | Actually listed | Gap | Verdict |
|---|---|---|---|---|---|
| The scorecard fills in as tracked IPOs list. Each IPO is added on its listing day. | |||||
What is IPO GMP (grey market premium)?
IPO GMP, or grey market premium (also spelled gray market premium, and often just called the IPO premium), is the extra amount over the issue price at which an IPO’s shares are traded informally before they list on NSE or BSE. If an IPO’s upper price band is ₹100 and the grey market premium is ₹30, dealers expect the shares to list around ₹130. These deals are unofficial agreements between individuals, settled in cash once the shares list.
Expected listing gain (%) = GMP ÷ Upper price band × 100
How the IPO grey market works: terms you will hear
GMP (premium)
The price over the issue price at which grey market dealers buy and sell an IPO’s shares before listing.
Kostak rate
A fixed amount paid for a whole IPO application, whether or not it gets allotted. The buyer takes the risk of non-allotment.
Subject to sauda
A price paid for an application only if it gets allotted. If there is no allotment, no money changes hands.
Negative GMP
When the grey market expects the IPO to list below its issue price. It often shows up when subscription is weak or the market falls.
Why IPO GMP often goes wrong
- It is a thin, unofficial market. A few dealers can move the quote, and there is no record of how many shares actually traded at that price.
- It changes fast. GMP follows subscription numbers and the Nifty mood day by day, and can swing sharply between bidding and listing.
- It can be pushed up. A high GMP pulls in retail applications, so a hot quote is not proof of a hot IPO.
- The listing day decides. The real listing price is set in the exchange’s pre-open session, which has nothing to do with grey market deals.
That is why this page shows GMP next to the 9AM IPO Analyzer score, which judges the IPO on subscription, profit growth, valuation and 33 checks. When GMP is high and the score is low, be careful.
How to use GMP sensibly
- Use GMP as a sentiment signal only. Look at the subscription numbers, especially retail and QIB, before deciding.
- Compare several trackers. If they disagree a lot, the quote is weak.
- Check the GMP trend over the last few days, not one day’s number.
- Never deal in the grey market yourself. It is unregulated, and you have no protection if the other side does not pay.
IPO GMP FAQs
What is GMP in IPO?
GMP stands for grey market premium. It is the unofficial premium over the issue price at which an IPO’s shares are traded before listing. A GMP of ₹30 on a ₹100 issue suggests a listing around ₹130.
How is GMP on IPO calculated?
GMP on IPO is not calculated by any exchange. It is the premium grey market dealers quote over the upper price band. Expected listing price = upper band + GMP, and expected listing gain = GMP ÷ upper band × 100.
Is IPO GMP accurate?
Often it is not. Our GMP Reality Check above compares the GMP the evening before listing with the actual listing price for every IPO we track, so you can see how far off it usually is.
Where can I see live IPO GMP today?
The live IPO GMP table on this page shows today’s grey market premium range for every open IPO and every IPO waiting to list, updated daily.
Is grey market trading legal in India?
Grey market deals happen outside the stock exchanges and are not regulated by SEBI. They have no legal protection, and buyers and sellers rely only on trust.
What is the difference between GMP and kostak?
GMP is a price per share. Kostak is a fixed price for a whole application, paid whether or not the application gets allotted.
Why does an IPO list below its GMP?
The real listing price is set in the exchange’s pre-open session by actual buyers and sellers. If the market falls, large investors sell, or the GMP was inflated, the listing comes in below the GMP.
Can I check upcoming IPO GMP?
Yes. The upcoming IPO GMP table lists IPOs opening soon. Grey market quotes usually start a few days before an IPO opens.
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Book a free demo class Score an IPO freeGMP figures are collected from public grey market trackers and are unofficial. They are shown for education only and are not a recommendation to apply for, buy or sell any security. 9AM Traders Academy does not deal in the grey market.