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 GSM Foils Limited IPO?

Based on the upper price band of ₹32 and current GMP of ₹6, the estimated listing price is ₹38 (approx. 18.8% gain).

What is the expected profit per lot for GSM Foils Limited IPO?

With a lot size of 4000 shares and current GMP of ₹6, expected profit per retail application lot is approximately ₹24,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

GSM Foils Limited

ListedSME

Non‑Ferrous Metals / Packaging Materials · NSE

GSM Foils Limited started in April 2019 and specializes in making Blister Foils and Aluminium Pharma Foils (also called Strip Foils) used to pack medicines like capsules and tablets. Since these foils directly touch medicines, the company follows top-quality standards to ensure safety. Their manufacturing unit is located in the Sapphire Building, Thane, Vasai, Maharashtra, spread across 7,973 sq. ft. with advanced machinery for production, testing, research, storage, and packaging — all under one roof. The company holds an ISO 9001:2015 certification, proving its dedication to quality. GSM Foils serves customers across 13 states and 1 Union Territory in India, with 39 employees as of February 28, 2024.

Price Band

₹32

Issue Size

₹11.01 Cr

Lot Size

4000 shares

GMP

₹6

+18.8%

Est. Listing

₹38

at current GMP

Subscribed

253.32x

overall

Open

24 May 2024

28 May 2024

Allotment

29 May 2024

Refund

30 May 2024

Demat Credit

31 May 2024

Listing

31 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

GSM Foils Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹6+18.8%

Issue Price (Upper)

₹32

Band: ₹32

Estimated Listing Price

₹38

Upper price + GMP

Lot Size

4000 shares

Min investment ₹1,28,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹6	18.8%	₹38
30 Oct 2026	+₹6	18.8%	₹38
29 Oct 2026	+₹5	16.9%	₹37

About GSM Foils Limited Public Issue & Market Profile

GSM Foils Limited is bringing an initial public offering (IPO) in the Non‑Ferrous Metals / Packaging Materials sector with an aggregate issue size of ₹11.01 Crores. The shares are offered at a price band of ₹32 to ₹32 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 2024-05-28, the basis of allotment is scheduled to be finalized on 2024-05-29. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is GSM Foils Limited IPO GMP today?

The latest grey market premium for GSM Foils Limited IPO is ₹6, which indicates an expected listing price of ₹38.

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.