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 Rajesh Power Services Limited IPO?

Based on the upper price band of ₹335 and current GMP of ₹157, the estimated listing price is ₹492 (approx. 46.9% gain).

What is the expected profit per lot for Rajesh Power Services Limited IPO?

With a lot size of 400 shares and current GMP of ₹157, expected profit per retail application lot is approximately ₹62,800.

IPO GreyPremiumLIVE

Grey Market Intelligence

Rajesh Power Services Limited

ListedSME

Capital Goods / Industrials · BSE

Rajesh Power Services Limited, established in 1971, provides consultancy, EPC contracting, and specialized services to power transmission and distribution utilities across renewable and non-renewable energy sectors in India, serving major clients like GIFT City, Gujarat Metro, Adani Renewables, and Reliance. The company has also invested in HKRP Innovations, which builds IoT and cloud-based IT solutions for the energy sector such as Smart Feeder Management System, Virtual Feeder Segregation, Real-Time Oil Well Monitoring, and Solar Data Management. With 940 employees as of April 1, 2024, RPSL blends long industry experience with modern technology to offer comprehensive and innovative energy solutions nationwide.

Price Band

₹319 – ₹335

Issue Size

₹160 Cr

Lot Size

400 shares

GMP

₹157

+46.9%

Est. Listing

₹492

at current GMP

Subscribed

59.08x

overall

Open

25 Nov 2024

27 Nov 2024

Allotment

28 Nov 2024

Refund

29 Nov 2024

Demat Credit

30 Nov 2024

Listing

2 Dec 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Rajesh Power Services Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹157+46.9%

Issue Price (Upper)

₹335

Band: ₹319 – ₹335

Estimated Listing Price

₹492

Upper price + GMP

Lot Size

400 shares

Min investment ₹1,34,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹157	46.9%	₹492
30 Oct 2026	+₹157	46.9%	₹492
29 Oct 2026	+₹141	42.2%	₹476

About Rajesh Power Services Limited Public Issue & Market Profile

Rajesh Power Services Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrials sector with an aggregate issue size of ₹160.47 Crores. The shares are offered at a price band of ₹319 to ₹335 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

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 2024-11-27, the basis of allotment is scheduled to be finalized on 2024-11-28. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Rajesh Power Services Limited IPO GMP today?

The latest grey market premium for Rajesh Power Services Limited IPO is ₹157, which indicates an expected listing price of ₹492.

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.