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 Chetana Education Limited IPO?

Based on the upper price band of ₹85 and current GMP of ₹25, the estimated listing price is ₹110 (approx. 29.4% gain).

What is the expected profit per lot for Chetana Education Limited IPO?

With a lot size of 1600 shares and current GMP of ₹25, expected profit per retail application lot is approximately ₹40,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Chetana Education Limited

ListedSME

Education · NSE

Chetana Education Limited, founded in 2017, publishes textbooks for CBSE and Maharashtra State Board students from pre-primary to senior secondary levels. They offer 700+ book titles across 15 brands like Master Key, Self-Study, Firefly, and QR Series, with over 6 million books sold. Their books come with digital learning videos accessible via QR codes, created in partnership with Allern Enterprises Private Limited, featuring 30,000+ educational videos. The company works with 400+ contract authors to deliver high-quality content and has a strong network of 500+ distributors and dealers across India, supported by a 470-member team as of December 2023.

Price Band

₹80 – ₹85

Issue Size

₹45.90 Cr

Lot Size

1600 shares

GMP

₹25

+29.4%

Est. Listing

₹110

at current GMP

Subscribed

196.57x

overall

Open

24 Jul 2024

26 Jul 2024

Allotment

29 Jul 2024

Refund

30 Jul 2024

Demat Credit

31 Jul 2024

Listing

31 Jul 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Chetana Education Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹25+29.4%

Issue Price (Upper)

₹85

Band: ₹80 – ₹85

Estimated Listing Price

₹110

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,36,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹25	29.4%	₹110
30 Oct 2026	+₹25	29.4%	₹110
29 Oct 2026	+₹23	26.5%	₹108

About Chetana Education Limited Public Issue & Market Profile

Chetana Education Limited is bringing an initial public offering (IPO) in the Education sector with an aggregate issue size of ₹45.9 Crores. The shares are offered at a price band of ₹80 to ₹85 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,36,000 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-31, while un-allotted funds or UPI block mandates will be released on 2024-07-30.

Frequently Asked Questions

What is Chetana Education Limited IPO GMP today?

The latest grey market premium for Chetana Education Limited IPO is ₹25, which indicates an expected listing price of ₹110.

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.