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 Navoday Enterprises Limited IPO?

Based on the upper price band of ₹20 and current GMP of ₹14, the estimated listing price is ₹34 (approx. 70.0% gain).

What is the expected profit per lot for Navoday Enterprises Limited IPO?

With a lot size of 6000 shares and current GMP of ₹14, expected profit per retail application lot is approximately ₹84,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Navoday Enterprises Limited

ListedSME

Industrials · BSE

Incorporated in 2007, Navoday Enterprises Limited operates across three key business areas including marketing support and advertising, management and financial consultancy, and component supply services. The company offers outdoor and out-of-home advertising services such as hoardings, billboards, kiosks, lamp post boards, and mobile sign trucks across Mumbai and Thane, along with event management services for corporate, commercial, cultural, and brand promotion events. Its financial consultancy segment provides support in areas like market research, working capital finance, corporate finance, and financial restructuring, while the component supply segment caters to manufacturers of packaging and allied machines by supplying essential components such as sealers, belts, cutters, gears, sensors, and other related parts.

Price Band

₹20

Issue Size

₹5.00 Cr

Lot Size

6000 shares

GMP

₹14

+70.0%

Est. Listing

₹34

at current GMP

Subscribed

—

Open

14 Jun 2021

17 Jun 2021

Allotment

21 Jun 2021

Refund

22 Jun 2021

Demat Credit

23 Jun 2021

Listing

25 Jun 2021

Last updated 10 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Navoday Enterprises Limited GMP Today

Last updated: 24 Dec 2025

Current Premium

₹14+70.0%

Issue Price (Upper)

₹20

Band: ₹20

Estimated Listing Price

₹34

Upper price + GMP

Lot Size

6000 shares

Min investment ₹1,20,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹14	70.0%	₹34
30 Oct 2026	+₹14	70.0%	₹34
29 Oct 2026	+₹13	63.0%	₹33

About Navoday Enterprises Limited Public Issue & Market Profile

Navoday Enterprises Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹5 Crores. The shares are offered at a price band of ₹20 to ₹20 per equity share on 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 2021-06-17, the basis of allotment is scheduled to be finalized on 2021-06-21. 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 (Satellite Corporate Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Navoday Enterprises Limited IPO GMP today?

The latest grey market premium for Navoday Enterprises Limited IPO is ₹14, which indicates an expected listing price of ₹34.

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.