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 Shriram Properties Limited IPO?

Based on the upper price band of ₹118 and current GMP of ₹-10, the estimated listing price is ₹108 (approx. -8.5% gain).

What is the expected profit per lot for Shriram Properties Limited IPO?

With a lot size of 125 shares and current GMP of ₹-10, expected profit per retail application lot is approximately ₹-1,250.

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Grey Market Intelligence

Shriram Properties Limited

ListedMainboard

Real Estate · NSE / BSE

Incorporated in 2000, Shriram Properties, part of the Shriram Group, is a leading residential real estate developer in South India, focusing mainly on mid-market and affordable housing. The company also operates in mid-premium and luxury housing, as well as commercial and office spaces, with Bengaluru and Chennai as its primary markets and additional presence in Coimbatore, Visakhapatnam, and Kolkata. As of September 30, 2021, Shriram Properties has completed 29 projects, mostly in Bengaluru and Chennai, and has a total of 35 ongoing, under-development, and upcoming projects covering an estimated 46.72 million square feet of saleable area.

Price Band

₹113 – ₹118

Issue Size

₹600 Cr

Lot Size

125 shares

GMP

₹10

-8.5%

Est. Listing

₹108

at current GMP

Subscribed

—

Open

8 Dec 2021

10 Dec 2021

Allotment

16 Dec 2021

Refund

17 Dec 2021

Demat Credit

18 Dec 2021

Listing

20 Dec 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Shriram Properties Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹-10-8.5%

Issue Price (Upper)

₹118

Band: ₹113 – ₹118

Estimated Listing Price

₹108

Upper price + GMP

Lot Size

125 shares

Min investment ₹14,750

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
19 Dec 2025	-₹10	-8.5%	₹108

About Shriram Properties Limited Public Issue & Market Profile

Shriram Properties Limited is bringing an initial public offering (IPO) in the Real Estate sector with an aggregate issue size of ₹600 Crores. The shares are offered at a price band of ₹113 to ₹118 per equity share on NSE and BSE. 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 2021-12-10, the basis of allotment is scheduled to be finalized on 2021-12-16. 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 (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Shriram Properties Limited IPO GMP today?

The latest grey market premium for Shriram Properties Limited IPO is ₹-10, which indicates an expected listing price of ₹108.

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.