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 Sharp Chucks And Machines Limited IPO?

Based on the upper price band of ₹58 and current GMP of ₹19, the estimated listing price is ₹77 (approx. 32.8% gain).

What is the expected profit per lot for Sharp Chucks And Machines Limited IPO?

With a lot size of 2000 shares and current GMP of ₹19, expected profit per retail application lot is approximately ₹38,000.

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Grey Market Intelligence

Sharp Chucks And Machines Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 1994, Sharp Chucks and Machines Limited manufactures forging and graded casting machined components for tractors, automobiles, and other equipment, along with machine tool accessories such as power chucks, lathe chucks, and drill chucks. Its product portfolio spans forging items like hammers, axes, spanners, and wrenches; casting products including brake housings, piston trumpet housings, wheel hubs, and gearboxes; and various machine components. The company operates two manufacturing units in Jalandhar, comprising three foundries with a 30,000 MTPA capacity, machining facilities with 14,400 MTPA capacity, and a forging unit with 3,600 MTPA capacity.

Price Band

₹58

Issue Size

₹16.84 Cr

Lot Size

2000 shares

GMP

₹19

+32.8%

Est. Listing

₹77

at current GMP

Subscribed

51.28x

overall

Open

29 Sep 2023

5 Oct 2023

Allotment

9 Oct 2023

Refund

10 Oct 2023

Demat Credit

11 Oct 2023

Listing

12 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sharp Chucks And Machines Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹19+32.8%

Issue Price (Upper)

₹58

Band: ₹58

Estimated Listing Price

₹77

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,16,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹19	32.8%	₹77
30 Oct 2026	+₹19	32.8%	₹77
29 Oct 2026	+₹17	29.5%	₹75

About Sharp Chucks And Machines Limited Public Issue & Market Profile

Sharp Chucks And Machines Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹16.84 Crores. The shares are offered at a price band of ₹58 to ₹58 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 2000 shares (approx. ₹1,16,000 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 Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-11, while un-allotted funds or UPI block mandates will be released on 2023-10-10.

Frequently Asked Questions

What is Sharp Chucks And Machines Limited IPO GMP today?

The latest grey market premium for Sharp Chucks And Machines Limited IPO is ₹19, which indicates an expected listing price of ₹77.

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.