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 Solve Plastic Products Limited IPO?

Based on the upper price band of ₹91 and current GMP of ₹7, the estimated listing price is ₹98 (approx. 7.7% gain).

What is the expected profit per lot for Solve Plastic Products Limited IPO?

With a lot size of 1200 shares and current GMP of ₹7, expected profit per retail application lot is approximately ₹8,400.

IPO GreyPremiumLIVE

Grey Market Intelligence

Solve Plastic Products Limited

ListedSME

Materials / Capital Goods · NSE

Solve Plastic Products Limited, founded in 1994, is a well-known manufacturer of uPVC pipes and Rigid PVC electrical conduits under the brand "BALCOPIPES." With three production units in Kerala and one in Tamil Nadu, the company offers a wide range of products, including solvent cement, water tanks, garden hoses, and electrical cables. Approved by BIS and various government organizations like CPWD, MES, and PWD, its products are trusted for quality. Primarily serving the Kerala market, the company employs 165 professionals and continues to be a reliable name in the industry.

Price Band

₹91

Issue Size

₹11.85 Cr

Lot Size

1200 shares

GMP

₹7

+7.7%

Est. Listing

₹98

at current GMP

Subscribed

33.99x

overall

Open

13 Aug 2024

16 Aug 2024

Allotment

19 Aug 2024

Refund

20 Aug 2024

Demat Credit

21 Aug 2024

Listing

21 Aug 2024

Last updated 5 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Solve Plastic Products Limited GMP Today

Last updated: 20 May 2026

Current Premium

₹7+7.7%

Issue Price (Upper)

₹91

Band: ₹91

Estimated Listing Price

₹98

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,09,200

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹7	7.7%	₹98
30 Oct 2026	+₹7	7.7%	₹98
29 Oct 2026	+₹6	6.9%	₹97

About Solve Plastic Products Limited Public Issue & Market Profile

Solve Plastic Products Limited is bringing an initial public offering (IPO) in the Materials / Capital Goods sector with an aggregate issue size of ₹11.85 Crores. The shares are offered at a price band of ₹91 to ₹91 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,09,200 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 Integrated Registry Management Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-21, while un-allotted funds or UPI block mandates will be released on 2024-08-20.

Frequently Asked Questions

What is Solve Plastic Products Limited IPO GMP today?

The latest grey market premium for Solve Plastic Products Limited IPO is ₹7, which indicates an expected listing price of ₹98.

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.