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 Sona Hi Sona Jewellers (Gujarat) Limited IPO?

Based on the upper price band of ₹10 and current GMP of ₹0, the estimated listing price is ₹10 (approx. 0.0% gain).

What is the expected profit per lot for Sona Hi Sona Jewellers (Gujarat) Limited IPO?

With a lot size of 10000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Sona Hi Sona Jewellers (Gujarat) Limited

ListedSME

Jewellery / Metals & Mining sector · NSE

Sona Hi Sona Jewellers (Gujarat) Limited, founded in 2001, is engaged in the trading of jewellery and ornaments and operates from Millennium Plaza in Vastrapur, Ahmedabad, a prominent jewellery and bullion market. The company works through three brands—Freya, Jinash, and Sona Hi Sona—mainly focusing on Freya for antique jewellery and ornaments and Jinash for American Diamond jewellery. It designs its jewellery in-house and completes manufacturing either internally or through third-party vendors, offering a wide range of gold jewellery with both studded and non-studded designs suited to different regional preferences. In addition to its own branded collections, the company provides customization options for customers and also undertakes wholesale trading of other branded jewellery.

Price Band

₹10

Issue Size

₹4.50 Cr

Lot Size

10000 shares

GMP

—

Est. Listing

₹10

at current GMP

Subscribed

—

Open

30 Sep 2019

4 Oct 2019

Allotment

11 Oct 2019

Refund

12 Oct 2019

Demat Credit

13 Oct 2019

Listing

15 Oct 2019

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sona Hi Sona Jewellers (Gujarat) Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹10

Band: ₹10

Estimated Listing Price

₹10

Upper price + GMP

Lot Size

10000 shares

Min investment ₹1,00,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹10
30 Oct 2026	—	0.0%	₹10
29 Oct 2026	—	0.0%	₹10

About Sona Hi Sona Jewellers (Gujarat) Limited Public Issue & Market Profile

Sona Hi Sona Jewellers (Gujarat) Limited is bringing an initial public offering (IPO) in the Jewellery / Metals & Mining sector sector with an aggregate issue size of ₹4.5 Crores. The shares are offered at a price band of ₹10 to ₹10 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 10000 shares (approx. ₹1,00,000 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-10-13, while un-allotted funds or UPI block mandates will be released on 2019-10-12.

Frequently Asked Questions

What is Sona Hi Sona Jewellers (Gujarat) Limited IPO GMP today?

The latest grey market premium for Sona Hi Sona Jewellers (Gujarat) Limited IPO is ₹0, which indicates an expected listing price of ₹10.

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.