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 One 97 Communications Limited IPO?

Based on the upper price band of ₹2150 and current GMP of ₹-30, the estimated listing price is ₹2120 (approx. -1.4% gain).

What is the expected profit per lot for One 97 Communications Limited IPO?

With a lot size of 6 shares and current GMP of ₹-30, expected profit per retail application lot is approximately ₹-180.

IPO GreyPremiumLIVE

Grey Market Intelligence

One 97 Communications Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Incorporated in 2000, One 97 Communications Ltd is India’s leading digital ecosystem for consumers and merchants, serving over 333 million clients and 21 million registered merchants as of March 31, 2021. The company launched the Paytm App in 2009, India’s first digital mobile payment platform, which has grown into the country’s largest payment platform and most valuable payments brand, valued at US$6.3 billion. The app allows customers to make cashless payments, transfer money, pay bills, access banking, buy tickets, insurance, and investments, while merchants can use it for online payments, advertising, product sales, and loyalty programs.

Price Band

₹2080 – ₹2150

Issue Size

₹18300 Cr

Lot Size

6 shares

GMP

₹30

-1.4%

Est. Listing

₹2120

at current GMP

Subscribed

—

Open

8 Nov 2021

10 Nov 2021

Allotment

15 Nov 2021

Refund

16 Nov 2021

Demat Credit

17 Nov 2021

Listing

18 Nov 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

One 97 Communications Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹-30-1.4%

Issue Price (Upper)

₹2150

Band: ₹2080 – ₹2150

Estimated Listing Price

₹2120

Upper price + GMP

Lot Size

6 shares

Min investment ₹12,900

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	-₹30	-1.4%	₹2120
30 Oct 2026	-₹30	-1.4%	₹2120
29 Oct 2026	—	-1.3%	₹2123

About One 97 Communications Limited Public Issue & Market Profile

One 97 Communications Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹18,300 Crores. The shares are offered at a price band of ₹2080 to ₹2150 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 6 shares (approx. ₹12,900 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 2021-11-17, while un-allotted funds or UPI block mandates will be released on 2021-11-16.

Frequently Asked Questions

What is One 97 Communications Limited IPO GMP today?

The latest grey market premium for One 97 Communications Limited IPO is ₹-30, which indicates an expected listing price of ₹2120.

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.