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 Grill Splendour Services Limited IPO?

Based on the upper price band of ₹120 and current GMP of ₹8, the estimated listing price is ₹128 (approx. 6.7% gain).

What is the expected profit per lot for Grill Splendour Services Limited IPO?

With a lot size of 1200 shares and current GMP of ₹8, expected profit per retail application lot is approximately ₹9,600.

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Grey Market Intelligence

Grill Splendour Services Limited

ListedSME

Emerging SME Services · NSE

Established in November 2019, Grill Splendour Services Limited has quickly become a distinguished name in Mumbai’s gourmet bakery and patisserie scene, operating 17 upscale retail outlets alongside a centralized production facility. Strengthening its market presence, the company strategically acquired Birdy's Bakery and Patisserie from WAH Restaurants Private Limited, reinforcing its commitment to growth and excellence. Offering a delectable range of cakes, pastries, desserts, and beverages, Grill Splendour serves both individual and corporate clients, ensuring premium quality and taste. Its well-coordinated logistics, powered by a fleet of four locally fueled vehicles, guarantee timely deliveries. With a team of 77 dedicated professionals, the company continues to set high standards in culinary innovation, quality, and service, solidifying its place in Mumbai’s competitive gourmet landscape.

Price Band

₹120

Issue Size

₹16.47 Cr

Lot Size

1200 shares

GMP

₹8

+6.7%

Est. Listing

₹128

at current GMP

Subscribed

8.74x

overall

Open

15 Apr 2024

18 Apr 2024

Allotment

19 Apr 2024

Refund

20 Apr 2024

Demat Credit

21 Apr 2024

Listing

23 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Grill Splendour Services Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹8+6.7%

Issue Price (Upper)

₹120

Band: ₹120

Estimated Listing Price

₹128

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,44,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹8	6.7%	₹128
30 Oct 2026	+₹8	6.7%	₹128
29 Oct 2026	+₹7	6.0%	₹127

About Grill Splendour Services Limited Public Issue & Market Profile

Grill Splendour Services Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹16.47 Crores. The shares are offered at a price band of ₹120 to ₹120 per equity share on NSE. 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 1200 shares (approx. ₹1,44,000 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 2024-04-21, while un-allotted funds or UPI block mandates will be released on 2024-04-20.

Frequently Asked Questions

What is Grill Splendour Services Limited IPO GMP today?

The latest grey market premium for Grill Splendour Services Limited IPO is ₹8, which indicates an expected listing price of ₹128.

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.