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 Capital Infra Trust IPO?

Based on the upper price band of ₹100 and current GMP of ₹0, the estimated listing price is ₹100 (approx. 0.0% gain).

What is the expected profit per lot for Capital Infra Trust IPO?

With a lot size of 150 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Capital Infra Trust

ListedMainboard

Infrastructure / Real Estate & Utilities · NSE / BSE

Established in September 2023, Capital Infra Trust is an infrastructure investment trust sponsored by Gawar Construction Limited, focusing on road and highway construction projects across 19 Indian states for government agencies such as NHAI, MoRTH, MMRDA, and CPWD. As of December 2024, the sponsor’s portfolio includes 26 hybrid annuity mode (HAM) road projects with NHAI, comprising 11 completed projects—five acquired from Sadbhav Infrastructure Project Limited—and 15 under construction. The Trust holds a Provisional CRISIL AAA/Stable rating for its NCDs and proposed long-term bank loan facility, reflecting a strong credit profile.

Price Band

₹99 – ₹100

Issue Size

₹1578 Cr

Lot Size

150 shares

GMP

—

Est. Listing

₹100

at current GMP

Subscribed

2.80x

overall

Open

7 Jan 2025

9 Jan 2025

Allotment

15 Jan 2025

Refund

16 Jan 2025

Demat Credit

17 Jan 2025

Listing

17 Jan 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Capital Infra Trust GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹100

Band: ₹99 – ₹100

Estimated Listing Price

₹100

Upper price + GMP

Lot Size

150 shares

Min investment ₹15,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹100
30 Oct 2026	—	0.0%	₹100
29 Oct 2026	—	0.0%	₹100

About Capital Infra Trust Public Issue & Market Profile

Capital Infra Trust is bringing an initial public offering (IPO) in the Infrastructure / Real Estate & Utilities sector with an aggregate issue size of ₹1,578 Crores. The shares are offered at a price band of ₹99 to ₹100 per equity share on NSE and 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 150 shares (approx. ₹15,000 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-01-17, while un-allotted funds or UPI block mandates will be released on 2025-01-16.

Frequently Asked Questions

What is Capital Infra Trust IPO GMP today?

The latest grey market premium for Capital Infra Trust IPO is ₹0, which indicates an expected listing price of ₹100.

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.

Capital Infra Trust

Capital Infra Trust GMP Today

Capital Infra Trust GMP Historical Trend

GMP History

Estimated Listing Price

About Capital Infra Trust Public Issue & Market Profile

Frequently Asked Questions

What is Capital Infra Trust IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?