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 Indobell Insulation Limited IPO?

Based on the upper price band of ₹46 and current GMP of ₹31, the estimated listing price is ₹77 (approx. 67.4% gain).

What is the expected profit per lot for Indobell Insulation Limited IPO?

With a lot size of 3000 shares and current GMP of ₹31, expected profit per retail application lot is approximately ₹93,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Indobell Insulation Limited

ListedSME

Capital Goods / Industrial Manufacturing · BSE

Established in May 1972, Indobell Insulation Limited is a leading manufacturer of insulation products, including mineral and ceramic fiber nodules (granulated and nodulated wool) and prefabricated thermal insulation jackets for residential, commercial, and industrial use. The company offers customized insulation solutions with 2D/3D designs and thermal analysis to meet specific project needs. With manufacturing units in West Bengal and Maharashtra, Indobell holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring quality, environmental care, and safety standards. Supported by a team of 31 skilled professionals, the company continues to deliver efficient, reliable, and high-quality insulation solutions.

Price Band

₹46

Issue Size

₹10.14 Cr

Lot Size

3000 shares

GMP

₹31

+67.4%

Est. Listing

₹77

at current GMP

Subscribed

51.89x

overall

Open

6 Jan 2025

8 Jan 2025

Allotment

9 Jan 2025

Refund

10 Jan 2025

Demat Credit

11 Jan 2025

Listing

13 Jan 2025

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Indobell Insulation Limited GMP Today

Last updated: 24 Nov 2025

Current Premium

₹31+67.4%

Issue Price (Upper)

₹46

Band: ₹46

Estimated Listing Price

₹77

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,38,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹31	67.4%	₹77
30 Oct 2026	+₹31	67.4%	₹77
29 Oct 2026	+₹28	60.6%	₹74

About Indobell Insulation Limited Public Issue & Market Profile

Indobell Insulation Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Manufacturing sector with an aggregate issue size of ₹10.14 Crores. The shares are offered at a price band of ₹46 to ₹46 per equity share on BSE. 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 2025-01-08, the basis of allotment is scheduled to be finalized on 2025-01-09. 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 (Integrated Registry Management Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Indobell Insulation Limited IPO GMP today?

The latest grey market premium for Indobell Insulation Limited IPO is ₹31, which indicates an expected listing price of ₹77.

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.