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 Medistep Healthcare Limited IPO?

Based on the upper price band of ₹43 and current GMP of ₹8, the estimated listing price is ₹51 (approx. 18.6% gain).

What is the expected profit per lot for Medistep Healthcare Limited IPO?

With a lot size of 3000 shares and current GMP of ₹8, expected profit per retail application lot is approximately ₹24,000.

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Grey Market Intelligence

Medistep Healthcare Limited

ListedSME

Healthcare / Pharmaceuticals · NSE

Medistep Healthcare Limited, established in June 2023, is a pharmaceutical company involved in the production and trading of a variety of health and wellness products, including sanitary pads, energy powders, pharmaceutical and nutraceutical items, intimate care products, and surgical supplies. Focused on quality and growth, the company aims to expand its offerings as a public, non-government entity. As of December 30, 2024, it reported annualized revenue of ₹45 crore and a profit of ₹4.08 crore. The company had nine full-time employees, while additional labor needs are met through daily wage workers, with no contractual staff.

Price Band

₹43

Issue Size

₹16.10 Cr

Lot Size

3000 shares

GMP

₹8

+18.6%

Est. Listing

₹51

at current GMP

Subscribed

382.23x

overall

Open

8 Aug 2025

12 Aug 2025

Allotment

13 Aug 2025

Refund

14 Aug 2025

Demat Credit

15 Aug 2025

Listing

18 Aug 2025

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Medistep Healthcare Limited GMP Today

Last updated: 21 Nov 2025

Current Premium

₹8+18.6%

Issue Price (Upper)

₹43

Band: ₹43

Estimated Listing Price

₹51

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,29,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹8	18.6%	₹51
30 Oct 2026	+₹8	18.6%	₹51
29 Oct 2026	+₹7	16.7%	₹50

About Medistep Healthcare Limited Public Issue & Market Profile

Medistep Healthcare Limited is bringing an initial public offering (IPO) in the Healthcare / Pharmaceuticals sector with an aggregate issue size of ₹16.1 Crores. The shares are offered at a price band of ₹43 to ₹43 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 3000 shares (approx. ₹1,29,000 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 Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-08-15, while un-allotted funds or UPI block mandates will be released on 2025-08-14.

Frequently Asked Questions

What is Medistep Healthcare Limited IPO GMP today?

The latest grey market premium for Medistep Healthcare Limited IPO is ₹8, which indicates an expected listing price of ₹51.

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.