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 Chaman Metallics Limited IPO?

Based on the upper price band of ₹38 and current GMP of ₹30, the estimated listing price is ₹68 (approx. 79.0% gain).

What is the expected profit per lot for Chaman Metallics Limited IPO?

With a lot size of 3000 shares and current GMP of ₹30, expected profit per retail application lot is approximately ₹90,000.

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Grey Market Intelligence

Chaman Metallics Limited

ListedSME

Metals & Mining · NSE

Incorporated in 2003, Chaman Metallics Limited is engaged in the manufacturing and sale of Direct Reduced Iron (sponge iron), a key raw material used in producing steel through electric arc and induction furnaces. The company’s manufacturing unit, located in Chandrapur, Maharashtra, spans approximately 63 acres and has a production capacity of 72,000 MT (2 x 100 MTPD) through two rotary kilns as of March 31, 2022. Chaman Metallics holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health management systems. The company primarily serves customers in Maharashtra, Odisha, and Chhattisgarh, with major clients including Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt. Ltd., and Gajkesari Steels & Alloys Pvt. Ltd.

Price Band

₹38

Issue Size

₹24.21 Cr

Lot Size

3000 shares

GMP

₹30

+79.0%

Est. Listing

₹68

at current GMP

Subscribed

207.88x

overall

Open

4 Jan 2023

6 Jan 2023

Allotment

12 Jan 2023

Refund

13 Jan 2023

Demat Credit

14 Jan 2023

Listing

16 Jan 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Chaman Metallics Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹30+79.0%

Issue Price (Upper)

₹38

Band: ₹38

Estimated Listing Price

₹68

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,14,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹30	79.0%	₹68
30 Oct 2026	+₹30	79.0%	₹68
29 Oct 2026	+₹27	71.0%	₹65

About Chaman Metallics Limited Public Issue & Market Profile

Chaman Metallics Limited is bringing an initial public offering (IPO) in the Metals & Mining sector with an aggregate issue size of ₹24.21 Crores. The shares are offered at a price band of ₹38 to ₹38 per equity share on NSE. 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 2023-01-06, the basis of allotment is scheduled to be finalized on 2023-01-12. 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 (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Chaman Metallics Limited IPO GMP today?

The latest grey market premium for Chaman Metallics Limited IPO is ₹30, which indicates an expected listing price of ₹68.

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.