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 Shubhshree Biofuels Energy Limited IPO?

Based on the upper price band of ₹119 and current GMP of ₹75, the estimated listing price is ₹194 (approx. 63.0% gain).

What is the expected profit per lot for Shubhshree Biofuels Energy Limited IPO?

With a lot size of 1200 shares and current GMP of ₹75, expected profit per retail application lot is approximately ₹90,000.

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Grey Market Intelligence

Shubhshree Biofuels Energy Limited

ListedSME

Energy · NSE

Shubhshree Biofuels Energy Limited, founded in 2013, is a growing name in the biomass fuel industry. The company supplies biomass pellets and briquettes to various industries like recycling, textiles, pharmaceuticals, and metals. It operates three briquetting and pelleting machines—one owned and two on lease—with a total daily production capacity of 132 tonnes. Between October 2023 and February 2024, the company produced 12,090 tonnes of biomass fuel, making up 23.8% of its total sales volume of around 50,600 tonnes. Shubhshree mainly serves customers in northern India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, the company has a team of 26 employees.

Price Band

₹113 – ₹119

Issue Size

₹16.56 Cr

Lot Size

1200 shares

GMP

₹75

+63.0%

Est. Listing

₹194

at current GMP

Subscribed

128.65x

overall

Open

9 Sep 2024

11 Sep 2024

Allotment

12 Sep 2024

Refund

13 Sep 2024

Demat Credit

14 Sep 2024

Listing

16 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Shubhshree Biofuels Energy Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹75+63.0%

Issue Price (Upper)

₹119

Band: ₹113 – ₹119

Estimated Listing Price

₹194

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,42,800

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹75	63.0%	₹194
30 Oct 2026	+₹75	63.0%	₹194
29 Oct 2026	+₹68	56.7%	₹187

About Shubhshree Biofuels Energy Limited Public Issue & Market Profile

Shubhshree Biofuels Energy Limited is bringing an initial public offering (IPO) in the Energy sector with an aggregate issue size of ₹16.56 Crores. The shares are offered at a price band of ₹113 to ₹119 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

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 2024-09-11, the basis of allotment is scheduled to be finalized on 2024-09-12. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Shubhshree Biofuels Energy Limited IPO GMP today?

The latest grey market premium for Shubhshree Biofuels Energy Limited IPO is ₹75, which indicates an expected listing price of ₹194.

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.