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 Billwin Industries Limited IPO?

Based on the upper price band of ₹37 and current GMP of ₹0, the estimated listing price is ₹37 (approx. 0.0% gain).

What is the expected profit per lot for Billwin Industries Limited IPO?

With a lot size of 3000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Billwin Industries Limited

ListedSME

Consumer Cyclicals / Textiles & Apparel · BSE

Billwin Industries Ltd, based in Mumbai, is engaged in manufacturing protective and safety products such as life jackets, inflatable boats, and rainwear, using coated fabric sourced from both domestic and international markets. The company’s product range includes raincoats, rucksacks, life jackets, winter jackets, inflatable boats, river rafts, sleeping bags, face masks, and pulsar jackets. Its manufacturing facility is located at Bhandup West, Mumbai, spread across approximately 5,190 square feet and equipped with semi-automatic and automated machinery. Billwin markets its products through government tenders as well as a network of distributors and retailers across states like Maharashtra, Kerala, Gujarat, Chhattisgarh, Tamil Nadu, Assam, Haryana, and Tripura, while also selling online through platforms such as Amazon, Flipkart, Shopclues, Xerve, and Buy Hatke.

Price Band

₹37

Issue Size

₹2.46 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹37

at current GMP

Subscribed

—

Open

18 Jun 2020

22 Jun 2020

Allotment

26 Jun 2020

Refund

27 Jun 2020

Demat Credit

28 Jun 2020

Listing

30 Jun 2020

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Billwin Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹37

Band: ₹37

Estimated Listing Price

₹37

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,11,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹37
30 Oct 2026	—	0.0%	₹37
29 Oct 2026	—	0.0%	₹37

About Billwin Industries Limited Public Issue & Market Profile

Billwin Industries Limited is bringing an initial public offering (IPO) in the Consumer Cyclicals / Textiles & Apparel sector with an aggregate issue size of ₹2.46 Crores. The shares are offered at a price band of ₹37 to ₹37 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 3000 shares (approx. ₹1,11,000 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 Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-06-28, while un-allotted funds or UPI block mandates will be released on 2020-06-27.

Frequently Asked Questions

What is Billwin Industries Limited IPO GMP today?

The latest grey market premium for Billwin Industries Limited IPO is ₹0, which indicates an expected listing price of ₹37.

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.