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 India Pesticides Limited IPO?

Based on the upper price band of ₹296 and current GMP of ₹35, the estimated listing price is ₹331 (approx. 11.8% gain).

What is the expected profit per lot for India Pesticides Limited IPO?

With a lot size of 50 shares and current GMP of ₹35, expected profit per retail application lot is approximately ₹1,750.

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Grey Market Intelligence

India Pesticides Limited

ListedMainboard

Materials & Chemicals · NSE / BSE

India Pesticides Limited, founded in 1984, is one of India’s leading agrochemical manufacturers, operating in technicals such as herbicides, fungicides, and pharmaceutical ingredients, and formulations including over 30 types of ready-to-use insecticides, fungicides, and herbicides. The company is the only manufacturer in India of certain key technical products like Folpet, Thiocarbamate, and specific herbicides. Its technical products are exported to more than 20 countries across Australia, Asia, Africa, and Europe, accounting for a major share of technical sales, while its formulations are mainly sold within India to established crop protection companies such as Syngenta Asia, UPL, and Sharda Cropchem. India Pesticides operates two manufacturing facilities in Lucknow and Sandila, Uttar Pradesh, with capacities of 19,500 MT for agrochemicals and 6,500 MT for formulations.

Price Band

₹290 – ₹296

Issue Size

₹800 Cr

Lot Size

50 shares

GMP

₹35

+11.8%

Est. Listing

₹331

at current GMP

Subscribed

—

Open

23 Jun 2021

25 Jun 2021

Allotment

30 Jun 2021

Refund

1 Jul 2021

Demat Credit

2 Jul 2021

Listing

5 Jul 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

India Pesticides Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹35+11.8%

Issue Price (Upper)

₹296

Band: ₹290 – ₹296

Estimated Listing Price

₹331

Upper price + GMP

Lot Size

50 shares

Min investment ₹14,800

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹35	11.8%	₹331
30 Oct 2026	+₹35	11.8%	₹331
29 Oct 2026	+₹32	10.6%	₹328

About India Pesticides Limited Public Issue & Market Profile

India Pesticides Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹800 Crores. The shares are offered at a price band of ₹290 to ₹296 per equity share on NSE and BSE. 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 50 shares (approx. ₹14,800 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-07-02, while un-allotted funds or UPI block mandates will be released on 2021-07-01.

Frequently Asked Questions

What is India Pesticides Limited IPO GMP today?

The latest grey market premium for India Pesticides Limited IPO is ₹35, which indicates an expected listing price of ₹331.

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.