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 Sahaj Solar Limited IPO?

Based on the upper price band of ₹180 and current GMP of ₹250, the estimated listing price is ₹430 (approx. 138.9% gain).

What is the expected profit per lot for Sahaj Solar Limited IPO?

With a lot size of 800 shares and current GMP of ₹250, expected profit per retail application lot is approximately ₹2,00,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sahaj Solar Limited

ListedSME

Energy / Renewable Energy · NSE

Sahaj Solar Limited, founded in 2010, is a leading renewable energy solutions provider with three key business units. The company operates a state-of-the-art PV module manufacturing facility in Bavla, Ahmedabad, Gujarat, spanning 2,883.77 square meters, including 2,445.5 square meters of factory and office space, with a production capacity of 100 MW. This automated facility manufactures mono and polycrystalline PV modules, including advanced mono PERC modules, catering to domestic and international solar projects. Additionally, Sahaj Solar offers solar water pumping systems and end-to-end EPC services, covering design, supply, installation, testing, commissioning, and maintenance for projects of all sizes. As of September 30, 2023, the company employed over 64 professionals across various departments, reinforcing its expertise in the solar energy sector.

Price Band

₹171 – ₹180

Issue Size

₹52.56 Cr

Lot Size

800 shares

GMP

₹250

+138.9%

Est. Listing

₹430

at current GMP

Subscribed

513.15x

overall

Open

11 Jul 2024

15 Jul 2024

Allotment

16 Jul 2024

Refund

17 Jul 2024

Demat Credit

18 Jul 2024

Listing

19 Jul 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sahaj Solar Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹250+138.9%

Issue Price (Upper)

₹180

Band: ₹171 – ₹180

Estimated Listing Price

₹430

Upper price + GMP

Lot Size

800 shares

Min investment ₹1,44,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹250	138.9%	₹430
30 Oct 2026	+₹250	138.9%	₹430
29 Oct 2026	+₹225	125.0%	₹405

About Sahaj Solar Limited Public Issue & Market Profile

Sahaj Solar Limited is bringing an initial public offering (IPO) in the Energy / Renewable Energy sector with an aggregate issue size of ₹52.56 Crores. The shares are offered at a price band of ₹171 to ₹180 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 800 shares (approx. ₹1,44,000 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-18, while un-allotted funds or UPI block mandates will be released on 2024-07-17.

Frequently Asked Questions

What is Sahaj Solar Limited IPO GMP today?

The latest grey market premium for Sahaj Solar Limited IPO is ₹250, which indicates an expected listing price of ₹430.

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.