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 Rulka Electricals Limited IPO?

Based on the upper price band of ₹235 and current GMP of ₹410, the estimated listing price is ₹645 (approx. 174.5% gain).

What is the expected profit per lot for Rulka Electricals Limited IPO?

With a lot size of 600 shares and current GMP of ₹410, expected profit per retail application lot is approximately ₹2,46,000.

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Grey Market Intelligence

Rulka Electricals Limited

ListedSME

Electrical / Construction & Engineering · NSE

Rulka Electricals Limited has been delivering top-notch electrical and fire-fighting solutions since May 2013. The company offers a wide range of services, including electrical panels, solar EPC projects, warehouse electrical setups, commercial and industrial services, maintenance, contracting, and data & voice cabling installations. They cater to industrial, commercial, retail, and theatrical sectors, managing everything from design and supply to installation, testing, and commissioning — all under one roof. With an ISO 9001:2015 certification, Rulka Electricals ensures high-quality standards at every step. As of February 29, 2024, they have a skilled team of 92 employees. The majority of their revenue comes from Turnkey Projects, offering a complete package of materials, labor, engineering, design, and consulting services — making them a one-stop solution for all electrical and safety needs.

Price Band

₹223 – ₹235

Issue Size

₹26.40 Cr

Lot Size

600 shares

GMP

₹410

+174.5%

Est. Listing

₹645

at current GMP

Subscribed

676.90x

overall

Open

16 May 2024

21 May 2024

Allotment

22 May 2024

Refund

23 May 2024

Demat Credit

24 May 2024

Listing

24 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Rulka Electricals Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹410+174.5%

Issue Price (Upper)

₹235

Band: ₹223 – ₹235

Estimated Listing Price

₹645

Upper price + GMP

Lot Size

600 shares

Min investment ₹1,41,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹410	174.5%	₹645
30 Oct 2026	+₹410	174.5%	₹645
29 Oct 2026	+₹369	157.0%	₹604

About Rulka Electricals Limited Public Issue & Market Profile

Rulka Electricals Limited is bringing an initial public offering (IPO) in the Electrical / Construction & Engineering sector with an aggregate issue size of ₹26.4 Crores. The shares are offered at a price band of ₹223 to ₹235 per equity share on NSE. 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 2024-05-21, the basis of allotment is scheduled to be finalized on 2024-05-22. 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 Rulka Electricals Limited IPO GMP today?

The latest grey market premium for Rulka Electricals Limited IPO is ₹410, which indicates an expected listing price of ₹645.

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.