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 Sahana System Limited IPO?

Based on the upper price band of ₹135 and current GMP of ₹20, the estimated listing price is ₹155 (approx. 14.8% gain).

What is the expected profit per lot for Sahana System Limited IPO?

With a lot size of 1000 shares and current GMP of ₹20, expected profit per retail application lot is approximately ₹20,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Sahana System Limited

ListedSME

Information Technology · NSE

Incorporated in 2020, Sahana System Limited is engaged in providing a wide range of IT services including web and mobile app development, AI and ML solutions, chatbot development, and product prototyping. The company also offers UI/UX design, graphic designing, SEO, ASO, digital marketing, cybersecurity, and IT outsourcing services. Certified with CMMI Maturity Level 3 and ISO 9001:2015 & ISO/IEC 27001:2013 accreditations, Sahana System is recognized as a startup by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, with recognition valid for 10 years from incorporation.

Price Band

₹132 – ₹135

Issue Size

₹32.74 Cr

Lot Size

1000 shares

GMP

₹20

+14.8%

Est. Listing

₹155

at current GMP

Subscribed

10.01x

overall

Open

31 May 2023

2 Jun 2023

Allotment

7 Jun 2023

Refund

8 Jun 2023

Demat Credit

9 Jun 2023

Listing

12 Jun 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sahana System Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹20+14.8%

Issue Price (Upper)

₹135

Band: ₹132 – ₹135

Estimated Listing Price

₹155

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,35,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹20	14.8%	₹155
30 Oct 2026	+₹20	14.8%	₹155
29 Oct 2026	+₹18	13.3%	₹153

About Sahana System Limited Public Issue & Market Profile

Sahana System Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹32.74 Crores. The shares are offered at a price band of ₹132 to ₹135 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,35,000 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 Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-06-09, while un-allotted funds or UPI block mandates will be released on 2023-06-08.

Frequently Asked Questions

What is Sahana System Limited IPO GMP today?

The latest grey market premium for Sahana System Limited IPO is ₹20, which indicates an expected listing price of ₹155.

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.