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 Onyx Biotec Limited IPO?

Based on the upper price band of ₹61 and current GMP of ₹5, the estimated listing price is ₹66 (approx. 8.2% gain).

What is the expected profit per lot for Onyx Biotec Limited IPO?

With a lot size of 2000 shares and current GMP of ₹5, expected profit per retail application lot is approximately ₹10,000.

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Grey Market Intelligence

Onyx Biotec Limited

ListedSME

Healthcare · NSE

Incorporated in May 2005, Onyx Biotec Limited is a pharmaceutical company focused on producing sterile water for injections and offering contract manufacturing services. It operates two facilities in Solan, Himachal Pradesh, where Unit I makes up to 6.38 lakh units of sterile water injections daily, and Unit II manufactures 40,000 units of dry powder injections and 26,667 units of dry syrup per day. The company caters to both domestic and international markets and serves over 100 clients, including well-known names like Hetero Healthcare, Mankind Pharma, Sun Pharma, and Reliance Life Sciences. Onyx Biotec is ISO 9001:2015 and ISO 14001:2015 certified and employed 175 people as of July 31, 2024.

Price Band

₹58 – ₹61

Issue Size

₹29.34 Cr

Lot Size

2000 shares

GMP

₹5

+8.2%

Est. Listing

₹66

at current GMP

Subscribed

198.68x

overall

Open

13 Nov 2024

18 Nov 2024

Allotment

19 Nov 2024

Refund

20 Nov 2024

Demat Credit

21 Nov 2024

Listing

22 Nov 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Onyx Biotec Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹5+8.2%

Issue Price (Upper)

₹61

Band: ₹58 – ₹61

Estimated Listing Price

₹66

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,22,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹5	8.2%	₹66
30 Oct 2026	+₹5	8.2%	₹66
29 Oct 2026	+₹5	7.4%	₹66

About Onyx Biotec Limited Public Issue & Market Profile

Onyx Biotec Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹29.34 Crores. The shares are offered at a price band of ₹58 to ₹61 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

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 2024-11-18, the basis of allotment is scheduled to be finalized on 2024-11-19. 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 (Mas Services Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Onyx Biotec Limited IPO GMP today?

The latest grey market premium for Onyx Biotec Limited IPO is ₹5, which indicates an expected listing price of ₹66.

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.