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 Arrowhead Seperation Engineering Limited IPO?

Based on the upper price band of ₹233 and current GMP of ₹25, the estimated listing price is ₹258 (approx. 10.7% gain).

What is the expected profit per lot for Arrowhead Seperation Engineering Limited IPO?

With a lot size of 600 shares and current GMP of ₹25, expected profit per retail application lot is approximately ₹15,000.

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Grey Market Intelligence

Arrowhead Seperation Engineering Limited

ListedSME

Emerging SME Services · BSE

Incorporated in 1991, Arrowhead Seperation Engineering Limited is engaged in manufacturing, trading, and exporting a wide range of dryers such as Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, and Continuous Particulate Dryer. The company focuses on meeting customer expectations by delivering high-quality products while maintaining ethical business practices and complete transparency to build strong customer relationships. As of June 2023, the company employs 54 people and also hires industry professionals on a project basis whenever required.

Price Band

₹233

Issue Size

₹13.00 Cr

Lot Size

600 shares

GMP

₹25

+10.7%

Est. Listing

₹258

at current GMP

Subscribed

94.85x

overall

Open

16 Nov 2023

20 Nov 2023

Allotment

22 Nov 2023

Refund

23 Nov 2023

Demat Credit

24 Nov 2023

Listing

28 Nov 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Arrowhead Seperation Engineering Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹25+10.7%

Issue Price (Upper)

₹233

Band: ₹233

Estimated Listing Price

₹258

Upper price + GMP

Lot Size

600 shares

Min investment ₹1,39,800

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹25	10.7%	₹258
30 Oct 2026	+₹25	10.7%	₹258
29 Oct 2026	+₹23	9.7%	₹256

About Arrowhead Seperation Engineering Limited Public Issue & Market Profile

Arrowhead Seperation Engineering Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹13 Crores. The shares are offered at a price band of ₹233 to ₹233 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 600 shares (approx. ₹1,39,800 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 Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-24, while un-allotted funds or UPI block mandates will be released on 2023-11-23.

Frequently Asked Questions

What is Arrowhead Seperation Engineering Limited IPO GMP today?

The latest grey market premium for Arrowhead Seperation Engineering Limited IPO is ₹25, which indicates an expected listing price of ₹258.

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.