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 Pentagon Rubber Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹51, the estimated listing price is ₹121 (approx. 72.9% gain).

What is the expected profit per lot for Pentagon Rubber Limited IPO?

With a lot size of 2000 shares and current GMP of ₹51, expected profit per retail application lot is approximately ₹1,02,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Pentagon Rubber Limited

ListedSME

Manufacturing · NSE

Pentagon Rubber Limited, incorporated in 2004, manufactures rubber products including conveyor belts, transmission belts, rubber sheets, and elevator belts. Its manufacturing facility is located in Dera Bassi, Punjab, 25 km from Chandigarh, and features one of India’s longest conveyor belting presses with an annual production capacity exceeding 300 sq km of conveyor rubber belts. The company operates a modern laboratory capable of producing conveyor belts that meet international standards such as DIN, BS, IS, ISO, SABS, AS, GOST, and CAN. Pentagon Rubber has been recognized with awards including the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the All India Rubber Industries Association.

Price Band

₹65 – ₹70

Issue Size

₹16.17 Cr

Lot Size

2000 shares

GMP

₹51

+72.9%

Est. Listing

₹121

at current GMP

Subscribed

106.27x

overall

Open

26 Jun 2023

30 Jun 2023

Allotment

5 Jul 2023

Refund

6 Jul 2023

Demat Credit

7 Jul 2023

Listing

7 Jul 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Pentagon Rubber Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹51+72.9%

Issue Price (Upper)

₹70

Band: ₹65 – ₹70

Estimated Listing Price

₹121

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,40,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹51	72.9%	₹121
30 Oct 2026	+₹51	72.9%	₹121
29 Oct 2026	+₹46	65.6%	₹116

About Pentagon Rubber Limited Public Issue & Market Profile

Pentagon Rubber Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹16.17 Crores. The shares are offered at a price band of ₹65 to ₹70 per equity share on NSE. 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 2000 shares (approx. ₹1,40,000 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-07-07, while un-allotted funds or UPI block mandates will be released on 2023-07-06.

Frequently Asked Questions

What is Pentagon Rubber Limited IPO GMP today?

The latest grey market premium for Pentagon Rubber Limited IPO is ₹51, which indicates an expected listing price of ₹121.

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.