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 Konstelec Engineers Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹105, the estimated listing price is ₹175 (approx. 150.0% gain).

What is the expected profit per lot for Konstelec Engineers Limited IPO?

With a lot size of 2000 shares and current GMP of ₹105, expected profit per retail application lot is approximately ₹2,10,000.

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Grey Market Intelligence

Konstelec Engineers Limited

ListedSME

Emerging SME Services · NSE

Founded in December 1995, Konstelec Engineers Limited specializes in engineering, procurement, and construction/commissioning (EPC) services, offering expertise in electrical installation, solar power plants, instrumentation, and automation. The company provides engineering, procurement, operations, maintenance, project management, and construction services, having completed over 200 projects, including 45 major ones worth over ₹400 crores. Serving clients like Reliance Industries, ISRO, Adani, NTPC, and Tata Steel, it operates across 15+ states in India and Nigeria. As of November 30, 2023, its order book includes 57 major projects worth approximately ₹573 crores. The company employs over 800 personnel, including 120+ engineers and 250 technicians.

Price Band

₹66 – ₹70

Issue Size

₹28.70 Cr

Lot Size

2000 shares

GMP

₹105

+150.0%

Est. Listing

₹175

at current GMP

Subscribed

341.85x

overall

Open

19 Jan 2024

24 Jan 2024

Allotment

25 Jan 2024

Refund

26 Jan 2024

Demat Credit

27 Jan 2024

Listing

30 Jan 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Konstelec Engineers Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹105+150.0%

Issue Price (Upper)

₹70

Band: ₹66 – ₹70

Estimated Listing Price

₹175

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,40,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹105	150.0%	₹175
30 Oct 2026	+₹105	150.0%	₹175
29 Oct 2026	+₹95	135.0%	₹165

About Konstelec Engineers Limited Public Issue & Market Profile

Konstelec Engineers Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹28.7 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on NSE. 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 2024-01-24, the basis of allotment is scheduled to be finalized on 2024-01-25. 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 (Skyline Financial Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Konstelec Engineers Limited IPO GMP today?

The latest grey market premium for Konstelec Engineers Limited IPO is ₹105, which indicates an expected listing price of ₹175.

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.