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 Hi-Green Carbon Limited IPO?

Based on the upper price band of ₹75 and current GMP of ₹35, the estimated listing price is ₹110 (approx. 46.7% gain).

What is the expected profit per lot for Hi-Green Carbon Limited IPO?

With a lot size of 1600 shares and current GMP of ₹35, expected profit per retail application lot is approximately ₹56,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Hi-Green Carbon Limited

ListedSME

Waste Management & Recycling · NSE

Incorporated in 2011, Hi-Green Carbon Limited is a waste tyre recycling company operating a fully automated continuous pyrolysis plant in Rajasthan, capable of recycling 100 MT of waste tyres per day. The company extracts recovered carbon black (rCB) and steel wires as raw materials, along with fuel oil and synthesis gas as energy components, with synthesis gas also used to produce sodium silicate (raw glass). Hi-Green Carbon is also setting up a second plant in Dhule, Maharashtra with similar capacity. The company is certified with ISO 9001, ISO 14001, ISO 45001, GMP and RoHS, and its products comply with REACH sustainability standards.

Price Band

₹71 – ₹75

Issue Size

₹52.80 Cr

Lot Size

1600 shares

GMP

₹35

+46.7%

Est. Listing

₹110

at current GMP

Subscribed

168.95x

overall

Open

21 Sep 2023

25 Sep 2023

Allotment

26 Sep 2023

Refund

27 Sep 2023

Demat Credit

28 Sep 2023

Listing

28 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Hi-Green Carbon Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹35+46.7%

Issue Price (Upper)

₹75

Band: ₹71 – ₹75

Estimated Listing Price

₹110

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,20,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹35	46.7%	₹110
30 Oct 2026	+₹35	46.7%	₹110
29 Oct 2026	+₹32	42.0%	₹107

About Hi-Green Carbon Limited Public Issue & Market Profile

Hi-Green Carbon Limited is bringing an initial public offering (IPO) in the Waste Management & Recycling sector with an aggregate issue size of ₹52.8 Crores. The shares are offered at a price band of ₹71 to ₹75 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 2023-09-25, the basis of allotment is scheduled to be finalized on 2023-09-26. 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 Hi-Green Carbon Limited IPO GMP today?

The latest grey market premium for Hi-Green Carbon Limited IPO is ₹35, which indicates an expected listing price of ₹110.

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.