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 Jainam Ferro Alloys (I) Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹0, the estimated listing price is ₹70 (approx. 0.0% gain).

What is the expected profit per lot for Jainam Ferro Alloys (I) Limited IPO?

With a lot size of 2000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

IPO GreyPremiumLIVE

Grey Market Intelligence

Jainam Ferro Alloys (I) Limited

ListedSME

Emerging SME Services · NSE

Jainam Ferro Alloys (I) Limited is involved in making two key types of Ferro Alloys — Ferro Manganese (FeMn) and Silico Manganese (SiMn), which are mainly used in the steel industry. The company also earns from trading manganese ore, which is a key raw material for producing these alloys. Most of the company’s revenue comes from Ferro Manganese. Its head office and manufacturing unit are located in Raipur, Chhattisgarh.

Price Band

₹70

Issue Size

₹19.61 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹70

at current GMP

Subscribed

—

Open

28 Sep 2021

30 Sep 2021

Allotment

5 Oct 2021

Refund

6 Oct 2021

Demat Credit

7 Oct 2021

Listing

8 Oct 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Jainam Ferro Alloys (I) Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹70

Band: ₹70

Estimated Listing Price

₹70

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,40,000

Jainam Ferro Alloys (I) Limited GMP Historical Trend

GMP History

Grey Market Premium trend

—

▲ 0 today

Updated less than a minute ago

Estimated Listing Price

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹70
30 Oct 2026	—	0.0%	₹70
29 Oct 2026	—	0.0%	₹70

GMP is unofficial market data. Not a guarantee of listing performance.

About Jainam Ferro Alloys (I) Limited Public Issue & Market Profile

Jainam Ferro Alloys (I) Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹19.61 Crores. The shares are offered at a price band of ₹70 to ₹70 per equity share on NSE. 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 2000 shares (approx. ₹1,40,000 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 Bigshare Services Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-10-07, while un-allotted funds or UPI block mandates will be released on 2021-10-06.

Frequently Asked Questions

What is Jainam Ferro Alloys (I) Limited IPO GMP today?

The latest grey market premium for Jainam Ferro Alloys (I) Limited IPO is ₹0, which indicates an expected listing price of ₹70.

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.