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.

What is the estimated listing price for Aditya Ultra Steel Limited IPO?

Based on the upper price band of ₹62 and current GMP of ₹0, the estimated listing price is ₹62 (approx. 0.0% gain).

What is the expected profit per lot for Aditya Ultra Steel Limited IPO?

With a lot size of 2000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

IPO GreyPremiumLIVE

Grey Market Intelligence

Aditya Ultra Steel Limited

ListedSME

Metals & Mining · NSE

Aditya Ultra Steel Limited is a leading steel manufacturer, founded in 2011, known for producing TMT bars under the brand name "Kamdhenu". The company’s modern manufacturing plant is based in Wankaner, Gujarat, with a strong production capacity of 1,08,000 MT per year. Using advanced technology like reheating furnaces and rolling mills, the company supplies high-quality steel products mainly to the construction and infrastructure sectors. As of April 30, 2024, the company has a team of 149 employees, including skilled executives, who play a key role in its growth and success.

Price Band

₹59 – ₹62

Issue Size

₹45.88 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹62

at current GMP

Subscribed

10.76x

overall

Open

9 Sep 2024

11 Sep 2024

Allotment

12 Sep 2024

Refund

13 Sep 2024

Demat Credit

14 Sep 2024

Listing

16 Sep 2024

Last updated 12 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Aditya Ultra Steel Limited GMP Today

Last updated: 20 Nov 2025

Current Premium

₹00.0%

Issue Price (Upper)

₹62

Band: ₹59 – ₹62

Estimated Listing Price

₹62

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,24,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹62
30 Oct 2026	—	0.0%	₹62
29 Oct 2026	—	0.0%	₹62

About Aditya Ultra Steel Limited Public Issue & Market Profile

Aditya Ultra Steel Limited is bringing an initial public offering (IPO) in the Metals & Mining sector with an aggregate issue size of ₹45.88 Crores. The shares are offered at a price band of ₹59 to ₹62 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2024-09-11, the basis of allotment is scheduled to be finalized on 2024-09-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Aditya Ultra Steel Limited IPO GMP today?

The latest grey market premium for Aditya Ultra Steel Limited IPO is ₹0, which indicates an expected listing price of ₹62.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.