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 Nazara Technologies Limited IPO?

Based on the upper price band of ₹1101 and current GMP of ₹740, the estimated listing price is ₹1841 (approx. 67.2% gain).

What is the expected profit per lot for Nazara Technologies Limited IPO?

With a lot size of 13 shares and current GMP of ₹740, expected profit per retail application lot is approximately ₹9,620.

IPO GreyPremiumLIVE

Grey Market Intelligence

Nazara Technologies Limited

ListedMainboard

Technology / Consumer Discretionary · NSE / BSE

Incorporated in 1999, Nazara Technologies Ltd is a leading mobile gaming company in India, offering a diversified portfolio across interactive gaming, eSports, gamified early learning, and real-money gaming in emerging markets such as India, Africa, Southeast Asia, the Middle East, and Latin America. Its key offerings include CarromClash and World Cricket Championships (mobile games), Kiddopia (gamified early learning), Nodwin and Sportskeeda (eSports), and Halaplay and Qunami (real-money gaming). The company operates through multiple business segments including subscription-based, freemium, eSports, gamified learning, and real-money gaming, with subscription fees from gamified learning and eSports contributing approximately 71.03% of revenues for the six months ended September 30, 2020.

Price Band

₹1100 – ₹1101

Issue Size

₹583 Cr

Lot Size

13 shares

GMP

₹740

+67.2%

Est. Listing

₹1841

at current GMP

Subscribed

—

Open

17 Mar 2021

19 Mar 2021

Allotment

24 Mar 2021

Refund

25 Mar 2021

Demat Credit

26 Mar 2021

Listing

30 Mar 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Nazara Technologies Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹740+67.2%

Issue Price (Upper)

₹1101

Band: ₹1100 – ₹1101

Estimated Listing Price

₹1841

Upper price + GMP

Lot Size

13 shares

Min investment ₹14,313

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹740	67.2%	₹1841
30 Oct 2026	+₹740	67.2%	₹1841
29 Oct 2026	+₹666	60.5%	₹1767

About Nazara Technologies Limited Public Issue & Market Profile

Nazara Technologies Limited is bringing an initial public offering (IPO) in the Technology / Consumer Discretionary sector with an aggregate issue size of ₹583 Crores. The shares are offered at a price band of ₹1100 to ₹1101 per equity share on NSE and BSE. 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 13 shares (approx. ₹14,313 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-03-26, while un-allotted funds or UPI block mandates will be released on 2021-03-25.

Frequently Asked Questions

What is Nazara Technologies Limited IPO GMP today?

The latest grey market premium for Nazara Technologies Limited IPO is ₹740, which indicates an expected listing price of ₹1841.

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.