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 Aluwind Architectural Limited IPO?

Based on the upper price band of ₹45 and current GMP of ₹5, the estimated listing price is ₹50 (approx. 11.1% gain).

What is the expected profit per lot for Aluwind Architectural Limited IPO?

With a lot size of 3000 shares and current GMP of ₹5, expected profit per retail application lot is approximately ₹15,000.

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Grey Market Intelligence

Aluwind Architectural Limited

ListedSME

Emerging SME Services · NSE

Aluwind Architectural Limited, established in April 2003, is a premier manufacturer and installer of high-quality aluminium products, serving architects, consultants, builders, institutions, and corporations. Specializing in windows, doors, curtain walls, cladding, and glazing systems, the company is known for its precision craftsmanship and customized solutions. With a strong presence in major cities like Mumbai, Pune, Bangalore, and Hyderabad, Aluwind operates a state-of-the-art manufacturing facility in Pune, Maharashtra. The company has built a strong reputation, securing projects through competitive bidding for top real estate developers like L&T and Birla. Committed to excellence, Aluwind invests in employee training to uphold quality, safety, and efficiency, backed by a skilled workforce of 178 permanent employees as of September 30, 2023.

Price Band

₹45

Issue Size

₹29.70 Cr

Lot Size

3000 shares

GMP

₹5

+11.1%

Est. Listing

₹50

at current GMP

Subscribed

7.73x

overall

Open

28 Mar 2024

4 Apr 2024

Allotment

5 Apr 2024

Refund

6 Apr 2024

Demat Credit

7 Apr 2024

Listing

9 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Aluwind Architectural Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹5+11.1%

Issue Price (Upper)

₹45

Band: ₹45

Estimated Listing Price

₹50

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,35,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹5	11.1%	₹50
30 Oct 2026	+₹5	11.1%	₹50
29 Oct 2026	+₹5	10.0%	₹50

About Aluwind Architectural Limited Public Issue & Market Profile

Aluwind Architectural Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹29.7 Crores. The shares are offered at a price band of ₹45 to ₹45 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,35,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-07, while un-allotted funds or UPI block mandates will be released on 2024-04-06.

Frequently Asked Questions

What is Aluwind Architectural Limited IPO GMP today?

The latest grey market premium for Aluwind Architectural Limited IPO is ₹5, which indicates an expected listing price of ₹50.

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.