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 Kalpataru Limited IPO?

Based on the upper price band of ₹414 and current GMP of ₹1.5, the estimated listing price is ₹415.5 (approx. 0.4% gain).

What is the expected profit per lot for Kalpataru Limited IPO?

With a lot size of 36 shares and current GMP of ₹1.5, expected profit per retail application lot is approximately ₹54.

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Grey Market Intelligence

Kalpataru Limited

ListedMainboard

Real Estate · NSE / BSE

Kalpataru Limited, established in 1988 and headquartered in Mumbai, Maharashtra, is a prominent real estate developer in India. The company focuses on developing residential and commercial properties, retail spaces, and integrated townships. It has a strong presence in cities such as Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Kalpataru Limited is a part of the larger Kalpataru Group, which also includes Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and their subsidiaries. As of March 31, 2024, the company has successfully completed 70 projects and is currently working on 40 more. It is well-regarded for its quality construction, timely project delivery, and strong brand reputation in the real estate industry

Price Band

₹387 – ₹414

Issue Size

₹1590 Cr

Lot Size

36 shares

GMP

₹1.5

+0.4%

Est. Listing

₹415.5

at current GMP

Subscribed

2.42x

overall

Open

24 Jun 2025

26 Jun 2025

Allotment

27 Jun 2025

Refund

28 Jun 2025

Demat Credit

29 Jun 2025

Listing

1 Jul 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Kalpataru Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹1.5+0.4%

Issue Price (Upper)

₹414

Band: ₹387 – ₹414

Estimated Listing Price

₹415.5

Upper price + GMP

Lot Size

36 shares

Min investment ₹14,904

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹1.5	0.4%	₹415.5
30 Oct 2026	+₹1.5	0.4%	₹415.5
29 Oct 2026	+₹1	0.3%	₹415

About Kalpataru Limited Public Issue & Market Profile

Kalpataru Limited is bringing an initial public offering (IPO) in the Real Estate sector with an aggregate issue size of ₹1,590 Crores. The shares are offered at a price band of ₹387 to ₹414 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

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 2025-06-26, the basis of allotment is scheduled to be finalized on 2025-06-27. 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 (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Kalpataru Limited IPO GMP today?

The latest grey market premium for Kalpataru Limited IPO is ₹1.5, which indicates an expected listing price of ₹415.5.

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.