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 Forge Auto International Limited IPO?

Based on the upper price band of ₹108 and current GMP of ₹15, the estimated listing price is ₹123 (approx. 13.9% gain).

What is the expected profit per lot for Forge Auto International Limited IPO?

With a lot size of 1200 shares and current GMP of ₹15, expected profit per retail application lot is approximately ₹18,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Forge Auto International Limited

ListedSME

Automotive & Auto Components · NSE

Forge Auto International Limited, incorporated in 2001, is engaged in the engineering and manufacturing of forged and precision-machined components for automotive and non-automotive sectors, producing items like forks, flange yokes, ball studs, gear blanks, stub axle assemblies, and components for agriculture, hydraulic and striking tools. The company has shown strong growth, with revenue rising from ₹10,951.99 lakhs in FY 2021 to ₹17,664.85 lakhs in FY 2023, posting a 27% CAGR. With a forging capacity of 20,000 MT and a machining capacity of 2.5 million units, Forge Auto holds key certifications such as ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, IATF 16949:2016, and ZED GOLD, and as of March 31, 2024, it had 366 permanent employees.

Price Band

₹102 – ₹108

Issue Size

₹31.10 Cr

Lot Size

1200 shares

GMP

₹15

+13.9%

Est. Listing

₹123

at current GMP

Subscribed

49.35x

overall

Open

26 Sep 2024

30 Sep 2024

Allotment

1 Oct 2024

Refund

2 Oct 2024

Demat Credit

3 Oct 2024

Listing

4 Oct 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Forge Auto International Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹15+13.9%

Issue Price (Upper)

₹108

Band: ₹102 – ₹108

Estimated Listing Price

₹123

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,29,600

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹15	13.9%	₹123
30 Oct 2026	+₹15	13.9%	₹123
29 Oct 2026	+₹14	12.5%	₹122

About Forge Auto International Limited Public Issue & Market Profile

Forge Auto International Limited is bringing an initial public offering (IPO) in the Automotive & Auto Components sector with an aggregate issue size of ₹31.1 Crores. The shares are offered at a price band of ₹102 to ₹108 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 1200 shares (approx. ₹1,29,600 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 Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-03, while un-allotted funds or UPI block mandates will be released on 2024-10-02.

Frequently Asked Questions

What is Forge Auto International Limited IPO GMP today?

The latest grey market premium for Forge Auto International Limited IPO is ₹15, which indicates an expected listing price of ₹123.

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.