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 Innova Captab Limited IPO?

Based on the upper price band of ₹448 and current GMP of ₹32, the estimated listing price is ₹480 (approx. 7.1% gain).

What is the expected profit per lot for Innova Captab Limited IPO?

With a lot size of 33 shares and current GMP of ₹32, expected profit per retail application lot is approximately ₹1,056.

IPO GreyPremiumLIVE

Grey Market Intelligence

Innova Captab Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Incorporated in January 2005, Innova Captab Limited is a pharmaceutical company operating in three verticals – Contract Development & Manufacturing (CDMO), domestic branded generics, and international branded generics. The company manufactures a wide range of pharmaceutical products including tablets, capsules, dry syrups, injections, ointments and liquid medicines. In FY23 and Q1FY24, the company produced and sold over 600 generic products. Its domestic brands are sold through 5,000+ distributors and ~1.5 lakh retail pharmacies in India. The company also exports branded generics to 20 countries. As of October 31, 2023, Innova Captab employed 29 scientists and engineers, and has its plant in Baddi, Haryana.

Price Band

₹426 – ₹448

Issue Size

₹570 Cr

Lot Size

33 shares

GMP

₹32

+7.1%

Est. Listing

₹480

at current GMP

Subscribed

56.33x

overall

Open

21 Dec 2023

26 Dec 2023

Allotment

27 Dec 2023

Refund

28 Dec 2023

Demat Credit

29 Dec 2023

Listing

29 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Innova Captab Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹32+7.1%

Issue Price (Upper)

₹448

Band: ₹426 – ₹448

Estimated Listing Price

₹480

Upper price + GMP

Lot Size

33 shares

Min investment ₹14,784

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹32	7.1%	₹480
30 Oct 2026	+₹32	7.1%	₹480
29 Oct 2026	+₹29	6.4%	₹477

About Innova Captab Limited Public Issue & Market Profile

Innova Captab Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹570 Crores. The shares are offered at a price band of ₹426 to ₹448 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 33 shares (approx. ₹14,784 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 2023-12-29, while un-allotted funds or UPI block mandates will be released on 2023-12-28.

Frequently Asked Questions

What is Innova Captab Limited IPO GMP today?

The latest grey market premium for Innova Captab Limited IPO is ₹32, which indicates an expected listing price of ₹480.

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.