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 Piotex Industries Limited IPO?

Based on the upper price band of ₹94 and current GMP of ₹33, the estimated listing price is ₹127 (approx. 35.1% gain).

What is the expected profit per lot for Piotex Industries Limited IPO?

With a lot size of 1200 shares and current GMP of ₹33, expected profit per retail application lot is approximately ₹39,600.

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Grey Market Intelligence

Piotex Industries Limited

ListedSME

Emerging SME Services · BSE

Piotex Industries Limited is a textile company specializing in contract manufacturing and trading of yarns, fabrics, and cotton bales. Operating in key textile hubs like Malegaon, Ichalkaranji, and Bhiwandi, the company also supplies cotton yarn to Burhanpur and Ahmedabad. Piotex has an exclusive distribution partnership with Babasaheb Deshmukh Industries Private Limited for cotton yarn products. It also offers contract labor and fabric weaving services, streamlining production by supplying yarn to weaving mills and contract workers who convert it into fabric under agreed terms. With a dedicated team of 18 employees (as of March 31, 2024), Piotex continues to strengthen its presence in the textile industry through a diverse and efficient business model.

Price Band

₹94

Issue Size

₹14.47 Cr

Lot Size

1200 shares

GMP

₹33

+35.1%

Est. Listing

₹127

at current GMP

Subscribed

107.50x

overall

Open

10 May 2024

14 May 2024

Allotment

15 May 2024

Refund

16 May 2024

Demat Credit

17 May 2024

Listing

17 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Piotex Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹33+35.1%

Issue Price (Upper)

₹94

Band: ₹94

Estimated Listing Price

₹127

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,12,800

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹33	35.1%	₹127
30 Oct 2026	+₹33	35.1%	₹127
29 Oct 2026	+₹30	31.6%	₹124

About Piotex Industries Limited Public Issue & Market Profile

Piotex Industries Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹14.47 Crores. The shares are offered at a price band of ₹94 to ₹94 per equity share on 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 2024-05-14, the basis of allotment is scheduled to be finalized on 2024-05-15. 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 (Cameo Corporate Services Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Piotex Industries Limited IPO GMP today?

The latest grey market premium for Piotex Industries Limited IPO is ₹33, which indicates an expected listing price of ₹127.

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.