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 Shivalic Power Control Limited IPO?

Based on the upper price band of ₹100 and current GMP of ₹225, the estimated listing price is ₹325 (approx. 225.0% gain).

What is the expected profit per lot for Shivalic Power Control Limited IPO?

With a lot size of 1200 shares and current GMP of ₹225, expected profit per retail application lot is approximately ₹2,70,000.

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Grey Market Intelligence

Shivalic Power Control Limited

ListedSME

Electrical Equipment & Panels · NSE

Shivalic Power Control Limited, founded in 2004, specializes in manufacturing a wide range of electric panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG Synchronization Panels, Outdoor Panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct, and LT & HT APFC Panels. Authorized by industry leaders like L&T, Siemens, Schneider Electric, and TDK, the company produces fully type-tested panels meeting IEC 61439 - 1&2, IEC 61641, and IS1893 standards. Serving over 15 industrial sectors, Shivalic Power Control exports its products to Nepal, Bangladesh, and African nations such as Uganda, Kenya, Nigeria, and Algeria. Its manufacturing facility adheres to global quality standards, holding ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. As of December 31, 2023, the company employs 180 professionals.

Price Band

₹95 – ₹100

Issue Size

₹64.32 Cr

Lot Size

1200 shares

GMP

₹225

+225.0%

Est. Listing

₹325

at current GMP

Subscribed

257.32x

overall

Open

24 Jun 2024

26 Jun 2024

Allotment

27 Jun 2024

Refund

28 Jun 2024

Demat Credit

29 Jun 2024

Listing

1 Jul 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Shivalic Power Control Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹225+225.0%

Issue Price (Upper)

₹100

Band: ₹95 – ₹100

Estimated Listing Price

₹325

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,20,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹225	225.0%	₹325
30 Oct 2026	+₹225	225.0%	₹325
29 Oct 2026	+₹203	202.5%	₹303

About Shivalic Power Control Limited Public Issue & Market Profile

Shivalic Power Control Limited is bringing an initial public offering (IPO) in the Electrical Equipment & Panels sector with an aggregate issue size of ₹64.32 Crores. The shares are offered at a price band of ₹95 to ₹100 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 1200 shares (approx. ₹1,20,000 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 2024-06-29, while un-allotted funds or UPI block mandates will be released on 2024-06-28.

Frequently Asked Questions

What is Shivalic Power Control Limited IPO GMP today?

The latest grey market premium for Shivalic Power Control Limited IPO is ₹225, which indicates an expected listing price of ₹325.

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.