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 Paras Defence And Space Technologies Limited IPO?

Based on the upper price band of ₹175 and current GMP of ₹220, the estimated listing price is ₹395 (approx. 125.7% gain).

What is the expected profit per lot for Paras Defence And Space Technologies Limited IPO?

With a lot size of 85 shares and current GMP of ₹220, expected profit per retail application lot is approximately ₹18,700.

IPO GreyPremiumLIVE

Grey Market Intelligence

Paras Defence And Space Technologies Limited

ListedMainboard

Industrials & Aerospace · NSE / BSE

Paras Defence and Space Technologies is engaged in designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions. The company operates across key areas such as defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection, and niche technologies, and is the only Indian company with in-house design capabilities for space optics and opto-mechanical assemblies. It plays an important role in Indian defence and space programs, delivers customized turnkey projects, and works with global technology partners to bring advanced solutions to the Indian market. The company operates two manufacturing facilities in Maharashtra and is expanding its plant at Nerul in Navi Mumbai.

Price Band

₹165 – ₹175

Issue Size

₹171 Cr

Lot Size

85 shares

GMP

₹220

+125.7%

Est. Listing

₹395

at current GMP

Subscribed

—

Open

21 Sep 2021

23 Sep 2021

Allotment

28 Sep 2021

Refund

29 Sep 2021

Demat Credit

30 Sep 2021

Listing

1 Oct 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Paras Defence And Space Technologies Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹220+125.7%

Issue Price (Upper)

₹175

Band: ₹165 – ₹175

Estimated Listing Price

₹395

Upper price + GMP

Lot Size

85 shares

Min investment ₹14,875

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹220	125.7%	₹395
30 Oct 2026	+₹220	125.7%	₹395
29 Oct 2026	+₹198	113.1%	₹373

About Paras Defence And Space Technologies Limited Public Issue & Market Profile

Paras Defence And Space Technologies Limited is bringing an initial public offering (IPO) in the Industrials & Aerospace sector with an aggregate issue size of ₹171 Crores. The shares are offered at a price band of ₹165 to ₹175 per equity share on NSE and BSE. 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 2021-09-23, the basis of allotment is scheduled to be finalized on 2021-09-28. 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 (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Paras Defence And Space Technologies Limited IPO GMP today?

The latest grey market premium for Paras Defence And Space Technologies Limited IPO is ₹220, which indicates an expected listing price of ₹395.

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.