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 Anupam Rasayan India Limited IPO?

Based on the upper price band of ₹555 and current GMP of ₹60, the estimated listing price is ₹615 (approx. 10.8% gain).

What is the expected profit per lot for Anupam Rasayan India Limited IPO?

With a lot size of 27 shares and current GMP of ₹60, expected profit per retail application lot is approximately ₹1,620.

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Grey Market Intelligence

Anupam Rasayan India Limited

ListedMainboard

Materials & Chemicals · NSE / BSE

Incorporated in 1984, Anupam Rasayan is a leading Indian manufacturer of specialty chemicals with operations spanning life science-related specialty chemicals used in agrochemicals, personal care, and pharmaceuticals, as well as other specialty chemicals such as pigments, dyes, and polymer additives; the company has established strong long-term relationships with global multinational clients including Syngenta Asia Pacific, Sumitomo Chemical, and UPL, enabling it to serve markets across the United States, Europe, Japan, and India, and operates six manufacturing facilities—four in Sachin and two in Jhagadia—with an aggregate installed capacity of 23,438 MT.

Price Band

₹553 – ₹555

Issue Size

₹760 Cr

Lot Size

27 shares

GMP

₹60

+10.8%

Est. Listing

₹615

at current GMP

Subscribed

—

Open

12 Mar 2021

16 Mar 2021

Allotment

19 Mar 2021

Refund

20 Mar 2021

Demat Credit

21 Mar 2021

Listing

24 Mar 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Anupam Rasayan India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹60+10.8%

Issue Price (Upper)

₹555

Band: ₹553 – ₹555

Estimated Listing Price

₹615

Upper price + GMP

Lot Size

27 shares

Min investment ₹14,985

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹60	10.8%	₹615
30 Oct 2026	+₹60	10.8%	₹615
29 Oct 2026	+₹54	9.7%	₹609

About Anupam Rasayan India Limited Public Issue & Market Profile

Anupam Rasayan India Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹760 Crores. The shares are offered at a price band of ₹553 to ₹555 per equity share on NSE and BSE. 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 2021-03-16, the basis of allotment is scheduled to be finalized on 2021-03-19. 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 (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Anupam Rasayan India Limited IPO GMP today?

The latest grey market premium for Anupam Rasayan India Limited IPO is ₹60, which indicates an expected listing price of ₹615.

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.