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 Comrade Appliances Limited IPO?

Based on the upper price band of ₹54 and current GMP of ₹25, the estimated listing price is ₹79 (approx. 46.3% gain).

What is the expected profit per lot for Comrade Appliances Limited IPO?

With a lot size of 2000 shares and current GMP of ₹25, expected profit per retail application lot is approximately ₹50,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Comrade Appliances Limited

ListedSME

Consumer Durables · BSE

Incorporated in 2017, Comrade Appliances Limited is engaged in manufacturing a wide range of air coolers and electric geysers, providing end-to-end product solutions under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models. Under the OEM model, the company manufactures products as per client designs, while under the ODM model, it conceptualizes and designs products sold under clients’ brands. Its consumer products, marketed under the brand name “Comrade,” are produced at its 66,322 sq. ft. manufacturing facility located in Palghar, Maharashtra, enabling efficient large-scale production and quality control.

Price Band

₹52 – ₹54

Issue Size

₹12.30 Cr

Lot Size

2000 shares

GMP

₹25

+46.3%

Est. Listing

₹79

at current GMP

Subscribed

71.92x

overall

Open

31 May 2023

5 Jun 2023

Allotment

8 Jun 2023

Refund

9 Jun 2023

Demat Credit

10 Jun 2023

Listing

13 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Comrade Appliances Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹25+46.3%

Issue Price (Upper)

₹54

Band: ₹52 – ₹54

Estimated Listing Price

₹79

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,08,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
20 Mar 2025	+₹25	46.3%	₹79
10 Nov 2025	+₹25	46.3%	₹79
11 Nov 2025	+₹25	46.3%	₹79

About Comrade Appliances Limited Public Issue & Market Profile

Comrade Appliances Limited is bringing an initial public offering (IPO) in the Consumer Durables sector with an aggregate issue size of ₹12.3 Crores. The shares are offered at a price band of ₹52 to ₹54 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

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 2023-06-05, the basis of allotment is scheduled to be finalized on 2023-06-08. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Comrade Appliances Limited IPO GMP today?

The latest grey market premium for Comrade Appliances Limited IPO is ₹25, which indicates an expected listing price of ₹79.

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.