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 Craftsman Automation Limited IPO?

Based on the upper price band of ₹1490 and current GMP of ₹30, the estimated listing price is ₹1520 (approx. 2.0% gain).

What is the expected profit per lot for Craftsman Automation Limited IPO?

With a lot size of 10 shares and current GMP of ₹30, expected profit per retail application lot is approximately ₹300.

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Grey Market Intelligence

Craftsman Automation Limited

ListedMainboard

Industrials / Technology · NSE / BSE

Craftsman Automation Ltd, incorporated in 1986, is a leading engineering company specializing in manufacturing precision components. The company designs, develops, and produces a wide range of engineering products and is a prominent player in machining cylinder blocks for the tractor segment. Its operations are divided into three key segments: Automotive – Powertrain and others, Automotive – Aluminium Products, and Industrial & Engineering, which focuses on material handling equipment such as hoists, industrial gears, marine engines, crane kits, gearboxes, locomotive equipment, and storage solutions. Craftsman Automation owns 12 state-of-the-art manufacturing facilities across seven cities in India and serves marquee clients including Tata Motors, Daimler India, Tata Cummins, Mahindra & Mahindra, Royal Enfield, Siemens, Escorts, Ashok Leyland, VE Commercial Vehicles, and TAFE Motors & Tractors.

Price Band

₹1488 – ₹1490

Issue Size

₹824 Cr

Lot Size

10 shares

GMP

₹30

+2.0%

Est. Listing

₹1520

at current GMP

Subscribed

—

Open

15 Mar 2021

17 Mar 2021

Allotment

22 Mar 2021

Refund

23 Mar 2021

Demat Credit

24 Mar 2021

Listing

25 Mar 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Craftsman Automation Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹30+2.0%

Issue Price (Upper)

₹1490

Band: ₹1488 – ₹1490

Estimated Listing Price

₹1520

Upper price + GMP

Lot Size

10 shares

Min investment ₹14,900

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹30	2.0%	₹1520
30 Oct 2026	+₹30	2.0%	₹1520
29 Oct 2026	+₹27	1.8%	₹1517

About Craftsman Automation Limited Public Issue & Market Profile

Craftsman Automation Limited is bringing an initial public offering (IPO) in the Industrials / Technology sector with an aggregate issue size of ₹824 Crores. The shares are offered at a price band of ₹1488 to ₹1490 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 10 shares (approx. ₹14,900 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 2021-03-24, while un-allotted funds or UPI block mandates will be released on 2021-03-23.

Frequently Asked Questions

What is Craftsman Automation Limited IPO GMP today?

The latest grey market premium for Craftsman Automation Limited IPO is ₹30, which indicates an expected listing price of ₹1520.

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.