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 Frog Cellsat Limited IPO?

Based on the upper price band of ₹102 and current GMP of ₹60, the estimated listing price is ₹162 (approx. 58.8% gain).

What is the expected profit per lot for Frog Cellsat Limited IPO?

With a lot size of 1200 shares and current GMP of ₹60, expected profit per retail application lot is approximately ₹72,000.

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Grey Market Intelligence

Frog Cellsat Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2004, Frog Cellsat Limited specializes in manufacturing telecom equipment used by telecom operators, particularly for telecom towers. The company produces 2G/3G/4G multi-band digital RF repeaters, multi-band frequency shift repeaters, multi-band optical DAS systems, along with related software and accessories. In addition to manufacturing, the company offers a range of services, including installation and roll-out services, as well as network maintenance services. Frog Cellsat Limited operates two production units, one located in Noida and the other in Dehradun. Its design, development, manufacturing, and quality control processes are ISO 9001:2015 certified. The company provides its products and services across Asia, Europe, Africa, and the Middle East, catering to a global telecom market.

Price Band

₹102

Issue Size

₹41.57 Cr

Lot Size

1200 shares

GMP

₹60

+58.8%

Est. Listing

₹162

at current GMP

Subscribed

21.06x

overall

Open

29 Sep 2022

4 Oct 2022

Allotment

11 Oct 2022

Refund

12 Oct 2022

Demat Credit

13 Oct 2022

Listing

13 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Frog Cellsat Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹60+58.8%

Issue Price (Upper)

₹102

Band: ₹102

Estimated Listing Price

₹162

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,22,400

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹60	58.8%	₹162
30 Oct 2026	+₹60	58.8%	₹162
29 Oct 2026	+₹54	52.9%	₹156

About Frog Cellsat Limited Public Issue & Market Profile

Frog Cellsat Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹41.57 Crores. The shares are offered at a price band of ₹102 to ₹102 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

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 2022-10-04, the basis of allotment is scheduled to be finalized on 2022-10-11. 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 (Skyline Financial Services Private Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What is Frog Cellsat Limited IPO GMP today?

The latest grey market premium for Frog Cellsat Limited IPO is ₹60, which indicates an expected listing price of ₹162.

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.