What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

Live market data· Updated less than a minute ago

SME IPO GMP & Historical Listing Analytics

Track real-time SME IPO Grey Market Premium (GMP) across NSE Emerge and BSE SME, analyze historical listing day returns, compare GMP predictions against actual listing prices, and access comprehensive SME issue performance records.

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IPOs

Upcoming

IPO

Mainboard

active

SME

active

Top GMP Mover

Vans Electroengineerings Limited

+74.2%

Most Subscribed

Robokidz Eduventures Limited

833.6x

🔥 All IPO GMP Today Live Open (6)📅 Upcoming IPOs (1)🏢 SME IPO GMP 🏛️ Mainboard IPO 📈 Listed Performance 🔍 Allotment Status 📅 IPO Calendar 🧮 Profit Calculator

Open for Subscription

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Vectras Enprocon Limited

Capital Goods

Open

SMEBSE

Price Band

₹99 – ₹105

Issue Size

₹53.05 Cr

Lot Size

1200 shares

Close Date

3 Nov 2026

GMP

—

Subscribed

1.2x

Johnsoncab Electricals Limited

Capital Goods

Open

SMEBSE

Price Band

₹190 – ₹200

Issue Size

₹56.02 Cr

Lot Size

600 shares

Close Date

3 Nov 2026

GMP

+₹3(+1.5%)

Subscribed

1.1x

HGS (India) Limited

Industrials

Open

SMENSE

Price Band

₹114 – ₹120

Issue Size

₹34.56 Cr

Lot Size

1200 shares

Close Date

3 Nov 2026

GMP

+₹25(+20.8%)

Subscribed

1.2x

Maxwell Engineering Solutions Limited

Capital Goods

Open

SMENSE

Price Band

₹150 – ₹158

Issue Size

₹57.64 Cr

Lot Size

800 shares

Close Date

3 Nov 2026

GMP

+₹59(+37.3%)

Subscribed

5.0x

Antala Industries Limited

Emerging SME Services

Open

SMEBSE

Price Band

₹63 – ₹67

Issue Size

₹23.33 Cr

Lot Size

2000 shares

Close Date

2 Nov 2026

GMP

+₹3(+4.5%)

Subscribed

0.9x

Bombay Coated & Special Steels Limited

Metals & Mining

Open

MainboardNSE / BSE

Price Band

₹78 – ₹82

Issue Size

₹183 Cr

Lot Size

182 shares

Close Date

2 Nov 2026

GMP

+₹10(+12.2%)

Subscribed

2.9x

Live GMP

Full GMP dashboard

Company	Type	Price Band	GMP	GMP %	Est. Listing	Updated
TONBO Tonbo Imaging India Limited	MB	₹665–700	+₹452	+64.6%	₹1152	1 day ago
EIMS EverestIMS Technologies Limited	SME	₹80–85	+₹42.5	+50.0%	₹127.5	8 days ago
MAXENGS Maxwell Engineering Solutions Limited	SME	₹150–158	+₹59	+37.3%	₹217	less than a minute ago
HDFIRE HD Fire Protect Limited	MB	₹258–271	+₹70	+25.8%	₹341	1 day ago
JPL Jio Platforms Limited	MB	₹1065–1119	+₹250	+22.3%	₹1369	3 days ago
HGSINDIALT HGS (India) Limited	SME	₹114–120	+₹25	+20.8%	₹145	less than a minute ago

GMP is unofficial and does not guarantee listing performance. For informational purposes only.

IPO Listing Gain & Lot Profit Calculator

Estimate listing gains and lot profit based on live Grey Market Premiums

Select Active IPO to Auto-Calculate

Issue Price (₹)

Live GMP (₹)

Lot Size (Shares)

Estimated Listing₹150

Estimated Gain+42.86%

Investment / Lot₹1,26,000

Estimated Profit / Lot+₹54,000

Upcoming IPOs

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Vedant Poly Fabs Limited

Chemicals

Upcoming

Price Band

₹88 – ₹94

Issue Size

₹56.94 Cr

Opens

2 Nov 2026

GMP

+₹3 (3.2%)

Recently Listed

View all

Company	Listed	Issue Price	Listing Price	Day Close	Listing Gain
CORE4 SME · Industrials	30 Oct 2026	₹93	₹74.4	₹74.4	-20.0%
JPL Mainboard · Communication Services	28 Oct 2026	₹1119	₹1358	₹1358	+21.4%
PARASHLTH Mainboard · Healthcare	28 Oct 2026	₹693	₹720	₹720	+3.9%
SHELLZ SME · Fast Moving Consumer Goods (FMCG)	23 Oct 2026	₹179	₹179	₹179	—
BONFIG Mainboard · Industrials	23 Oct 2026	₹586	₹586	₹586	—
TONBO Mainboard · Capital Goods / Defence & Electronics	23 Oct 2026	₹700	₹1160	₹1160	+65.7%
SMT Mainboard · Healthcare	23 Oct 2026	₹344	₹371.15	₹371.15	+7.9%
ZETWERK Mainboard · Capital Goods	23 Oct 2026	₹151	₹159.25	₹159.25	+5.5%
RAVITA SME · Industrials	22 Oct 2026	₹112	₹112	₹112	—
FUSIONCX Mainboard · Information Technology	22 Oct 2026	₹289	₹305	₹305	+5.5%
HDFIRE Mainboard · Industrials	21 Oct 2026	₹271	₹335	₹335	+23.6%
LOANFRONT SME · Financial Services	21 Oct 2026	₹54	₹52.9	₹52.9	-2.0%
RKFAL SME · Consumer Durables	12 Oct 2026	₹82	₹80	₹80	-2.4%
PARASYNTEX SME · Textiles	9 Oct 2026	₹127	₹115	₹115	-9.4%
TNA SME · Textiles	9 Oct 2026	₹70	₹56	₹56	-20.0%
ACMERAIL SME · Capital Goods	9 Oct 2026	₹196	₹221	₹221	+12.8%
NITYAS Mainboard · Consumer Discretionary	8 Oct 2026	₹75	₹82	₹82	+9.3%
EIMS SME · Information Technology	8 Oct 2026	₹85	₹126	₹126	+48.2%
SJP SME · Industrials	8 Oct 2026	₹67	₹74.2	₹74.2	+10.8%
VNL Mainboard · Capital Goods / Infrastructure	8 Oct 2026	₹220	₹215	₹215	-2.3%

!Grey Market Premium (GMP) is unofficial and does not guarantee listing performance. Learn more