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 Esprit Stones Limited IPO?

Based on the upper price band of ₹87 and current GMP of ₹33, the estimated listing price is ₹120 (approx. 37.9% gain).

What is the expected profit per lot for Esprit Stones Limited IPO?

With a lot size of 1600 shares and current GMP of ₹33, expected profit per retail application lot is approximately ₹52,800.

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Grey Market Intelligence

Esprit Stones Limited

ListedSME

Construction Materials · NSE

Founded in 2016, Esprit Stones Limited specializes in manufacturing engineered quartz and marble surfaces. As of March 2024, the company operates Manufacturing Facility I with three pressing lines and two polishing lines, achieving an annual production capacity of around 72 lakh sq. ft. It also runs Manufacturing Facility II for producing quartz grit and quartz powder, key raw materials used in engineered quartz, along with a third facility dedicated to manufacturing unsaturated polyester resin. Backed by certifications such as ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, NSF, and Green Guard, Esprit Stones maintains strong quality and sustainability standards. As of May 31, 2024, the company employs 295 people across various departments.

Price Band

₹82 – ₹87

Issue Size

₹50.35 Cr

Lot Size

1600 shares

GMP

₹33

+37.9%

Est. Listing

₹120

at current GMP

Subscribed

185.93x

overall

Open

26 Jul 2024

30 Jul 2024

Allotment

31 Jul 2024

Refund

1 Aug 2024

Demat Credit

2 Aug 2024

Listing

2 Aug 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Esprit Stones Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹33+37.9%

Issue Price (Upper)

₹87

Band: ₹82 – ₹87

Estimated Listing Price

₹120

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,39,200

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹33	37.9%	₹120
30 Oct 2026	+₹33	37.9%	₹120
29 Oct 2026	+₹30	34.1%	₹117

About Esprit Stones Limited Public Issue & Market Profile

Esprit Stones Limited is bringing an initial public offering (IPO) in the Construction Materials sector with an aggregate issue size of ₹50.35 Crores. The shares are offered at a price band of ₹82 to ₹87 per equity share on NSE. 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 2024-07-30, the basis of allotment is scheduled to be finalized on 2024-07-31. 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 Esprit Stones Limited IPO GMP today?

The latest grey market premium for Esprit Stones Limited IPO is ₹33, which indicates an expected listing price of ₹120.

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.