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 My Mudra Fincorp Limited IPO?

Based on the upper price band of ₹110 and current GMP of ₹36, the estimated listing price is ₹146 (approx. 32.7% gain).

What is the expected profit per lot for My Mudra Fincorp Limited IPO?

With a lot size of 1200 shares and current GMP of ₹36, expected profit per retail application lot is approximately ₹43,200.

IPO GreyPremiumLIVE

Grey Market Intelligence

My Mudra Fincorp Limited

ListedSME

Financial Services · NSE

My Mudra Fincorp Limited, established in 2013, operates as a Channel Partner (DSA) for leading banks and NBFCs across India, offering a wide range of financial products including secured loans such as home and property loans, unsecured loans like business and personal loans, professional loans, and credit cards, along with insurance services. The company serves a diverse customer base comprising individuals, businesses, and professionals including chartered accountants and company secretaries. Supported by a team of 143 employees as of May 31, 2024—including 10 dedicated to IT and CRM development—My Mudra Fincorp continues to strengthen its distribution network and digital capabilities to deliver efficient and accessible financial solutions.

Price Band

₹104 – ₹110

Issue Size

₹33.26 Cr

Lot Size

1200 shares

GMP

₹36

+32.7%

Est. Listing

₹146

at current GMP

Subscribed

102.55x

overall

Open

5 Sep 2024

9 Sep 2024

Allotment

10 Sep 2024

Refund

11 Sep 2024

Demat Credit

12 Sep 2024

Listing

12 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

My Mudra Fincorp Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹36+32.7%

Issue Price (Upper)

₹110

Band: ₹104 – ₹110

Estimated Listing Price

₹146

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,32,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹36	32.7%	₹146
30 Oct 2026	+₹36	32.7%	₹146
29 Oct 2026	+₹32	29.4%	₹142

About My Mudra Fincorp Limited Public Issue & Market Profile

My Mudra Fincorp Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹33.26 Crores. The shares are offered at a price band of ₹104 to ₹110 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 1200 shares (approx. ₹1,32,000 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 Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-12, while un-allotted funds or UPI block mandates will be released on 2024-09-11.

Frequently Asked Questions

What is My Mudra Fincorp Limited IPO GMP today?

The latest grey market premium for My Mudra Fincorp Limited IPO is ₹36, which indicates an expected listing price of ₹146.

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.