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 Organic Recycling Systems Limited IPO?

Based on the upper price band of ₹200 and current GMP of ₹16, the estimated listing price is ₹216 (approx. 8.0% gain).

What is the expected profit per lot for Organic Recycling Systems Limited IPO?

With a lot size of 600 shares and current GMP of ₹16, expected profit per retail application lot is approximately ₹9,600.

IPO GreyPremiumLIVE

Grey Market Intelligence

Organic Recycling Systems Limited

ListedSME

Waste Management & Environmental Services · BSE

Incorporated in 2008, Organic Recycling Systems Limited (ORS) is an engineering company that provides sustainable waste management solutions. The company operates under BOOT, EPC, and Key Equipment supply models. ORS offers EPC services, commissioning, consulting, advisory, and lab services in the waste management sector. The company has set up an MSW processing plant in Solapur that converts solid waste into electricity and compost, using its patented DRYAD dry anaerobic digestion technology which can treat multiple types of waste.

Price Band

₹200

Issue Size

₹50.00 Cr

Lot Size

600 shares

GMP

₹16

+8.0%

Est. Listing

₹216

at current GMP

Subscribed

3.30x

overall

Open

21 Sep 2023

26 Sep 2023

Allotment

28 Sep 2023

Refund

29 Sep 2023

Demat Credit

30 Sep 2023

Listing

6 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Organic Recycling Systems Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹16+8.0%

Issue Price (Upper)

₹200

Band: ₹200

Estimated Listing Price

₹216

Upper price + GMP

Lot Size

600 shares

Min investment ₹1,20,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹16	8.0%	₹216
30 Oct 2026	+₹16	8.0%	₹216
29 Oct 2026	+₹14	7.2%	₹214

About Organic Recycling Systems Limited Public Issue & Market Profile

Organic Recycling Systems Limited is bringing an initial public offering (IPO) in the Waste Management & Environmental Services sector with an aggregate issue size of ₹50 Crores. The shares are offered at a price band of ₹200 to ₹200 per equity share on 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 600 shares (approx. ₹1,20,000 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 Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-09-30, while un-allotted funds or UPI block mandates will be released on 2023-09-29.

Frequently Asked Questions

What is Organic Recycling Systems Limited IPO GMP today?

The latest grey market premium for Organic Recycling Systems Limited IPO is ₹16, which indicates an expected listing price of ₹216.

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.