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 AMIC Forging Limited IPO?

Based on the upper price band of ₹126 and current GMP of ₹135, the estimated listing price is ₹261 (approx. 107.1% gain).

What is the expected profit per lot for AMIC Forging Limited IPO?

With a lot size of 1000 shares and current GMP of ₹135, expected profit per retail application lot is approximately ₹1,35,000.

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Grey Market Intelligence

AMIC Forging Limited

ListedSME

Emerging SME Services · BSE

Incorporated in 2007, AMIC Forging Limited (formerly Kali Mata Forging Private Limited) manufactures forged and precision machined components like rounds, shafts, blanks, flanges, hubs, gear couplings, and other engineering spares for multiple industries including heavy engineering, steel, oil & gas, petrochemicals, power, cement, sugar, and more. The company works with carbon steel, alloy steel, stainless steel, nickel, and tool alloys and follows international standards like AISI, BS, IS, and DIN. It has modern forging facilities with electro hydraulic and pneumatic hammers, controlled furnaces, a heat treatment plant with water and oil quenching, and a dedicated machine shop. The company recorded revenue from operations of Rs. 2,954.57 Lacs for the period ended June 30, 2023, Rs. 11,585.41 Lacs in FY23, and Rs. 7,111.97 Lacs in FY22.

Price Band

₹121 – ₹126

Issue Size

₹34.80 Cr

Lot Size

1000 shares

GMP

₹135

+107.1%

Est. Listing

₹261

at current GMP

Subscribed

289.12x

overall

Open

29 Nov 2023

1 Dec 2023

Allotment

4 Dec 2023

Refund

5 Dec 2023

Demat Credit

6 Dec 2023

Listing

6 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

AMIC Forging Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹135+107.1%

Issue Price (Upper)

₹126

Band: ₹121 – ₹126

Estimated Listing Price

₹261

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,26,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹135	107.1%	₹261
30 Oct 2026	+₹135	107.1%	₹261
29 Oct 2026	+₹122	96.4%	₹248

About AMIC Forging Limited Public Issue & Market Profile

AMIC Forging Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹34.8 Crores. The shares are offered at a price band of ₹121 to ₹126 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,26,000 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 Bigshare Services Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-06, while un-allotted funds or UPI block mandates will be released on 2023-12-05.

Frequently Asked Questions

What is AMIC Forging Limited IPO GMP today?

The latest grey market premium for AMIC Forging Limited IPO is ₹135, which indicates an expected listing price of ₹261.

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.