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 Ishan International Limited IPO?

Based on the upper price band of ₹80 and current GMP of ₹0, the estimated listing price is ₹80 (approx. 0.0% gain).

What is the expected profit per lot for Ishan International Limited IPO?

With a lot size of 1600 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Ishan International Limited

ListedSME

Industrials · NSE

Incorporated in 1995, Ishan International Limited is engaged in turnkey contracting and project execution, specializing in supplying machinery, installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower projects, and pollution control systems. The company also provides high-end engineering services across hydro power, sugar and jaggery processing, pharmaceuticals, and pollution control. Ishan International supplies heavy engineering equipment to major international clients in the Philippines, Vietnam, and Indonesia, with overseas offices in the Philippines, Indonesia, Hanoi, Ho Chi Minh City, and an upcoming office in Kenya. Backed by an ISO 9001:2015 certified quality management system, its product range includes ESPs, jaggery plant equipment, cane-crushing machinery, gearboxes, couplings, rollers, automation systems, pharmaceutical manufacturing equipment, sterilization systems, filling lines, and various specialized engineering components.

Price Band

₹80

Issue Size

₹18.24 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹80

at current GMP

Subscribed

1.62x

overall

Open

9 Sep 2022

14 Sep 2022

Allotment

20 Sep 2022

Refund

21 Sep 2022

Demat Credit

22 Sep 2022

Listing

22 Sep 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Ishan International Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹80

Band: ₹80

Estimated Listing Price

₹80

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,28,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹80
30 Oct 2026	—	0.0%	₹80
29 Oct 2026	—	0.0%	₹80

About Ishan International Limited Public Issue & Market Profile

Ishan International Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹18.24 Crores. The shares are offered at a price band of ₹80 to ₹80 per equity share on NSE. 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 1600 shares (approx. ₹1,28,000 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 2022-09-22, while un-allotted funds or UPI block mandates will be released on 2022-09-21.

Frequently Asked Questions

What is Ishan International Limited IPO GMP today?

The latest grey market premium for Ishan International Limited IPO is ₹0, which indicates an expected listing price of ₹80.

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.