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 Basilic Fly Studio Limited IPO?

Based on the upper price band of ₹97 and current GMP of ₹160, the estimated listing price is ₹257 (approx. 164.9% gain).

What is the expected profit per lot for Basilic Fly Studio Limited IPO?

With a lot size of 1200 shares and current GMP of ₹160, expected profit per retail application lot is approximately ₹1,92,000.

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Grey Market Intelligence

Basilic Fly Studio Limited

ListedSME

Media & Entertainment · NSE

Basilic Fly Studio Limited, incorporated in 2016, is a visual effects (VFX) studio headquartered in Chennai, India, with subsidiaries in Canada and the UK. The company provides VFX solutions for movies, TV shows, web series, and commercials, offering services such as final compositing and rotoscopy, camera/body tracking, rotomation/object tracking, paint and preparation, previs (previsualization), computer graphics, and onset supervision. Basilic Fly Studio has over 500 skilled professionals and offices in Pune, London, and Vancouver. The company recorded Rs. 7,895.15 lacs in revenue for fiscal 2022-23.

Price Band

₹92 – ₹97

Issue Size

₹66.35 Cr

Lot Size

1200 shares

GMP

₹160

+164.9%

Est. Listing

₹257

at current GMP

Subscribed

358.85x

overall

Open

1 Sep 2023

5 Sep 2023

Allotment

7 Sep 2023

Refund

8 Sep 2023

Demat Credit

9 Sep 2023

Listing

11 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Basilic Fly Studio Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹160+164.9%

Issue Price (Upper)

₹97

Band: ₹92 – ₹97

Estimated Listing Price

₹257

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,16,400

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹160	164.9%	₹257
30 Oct 2026	+₹160	164.9%	₹257
29 Oct 2026	+₹144	148.4%	₹241

About Basilic Fly Studio Limited Public Issue & Market Profile

Basilic Fly Studio Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹66.35 Crores. The shares are offered at a price band of ₹92 to ₹97 per equity share on NSE. 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 1200 shares (approx. ₹1,16,400 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 Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-09, while un-allotted funds or UPI block mandates will be released on 2023-09-08.

Frequently Asked Questions

What is Basilic Fly Studio Limited IPO GMP today?

The latest grey market premium for Basilic Fly Studio Limited IPO is ₹160, which indicates an expected listing price of ₹257.

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.