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 Sotac Pharmaceuticals Limited IPO?

Based on the upper price band of ₹111 and current GMP of ₹0, the estimated listing price is ₹111 (approx. 0.0% gain).

What is the expected profit per lot for Sotac Pharmaceuticals Limited IPO?

With a lot size of 1200 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Sotac Pharmaceuticals Limited

ListedSME

Pharmaceuticals & Healthcare · NSE

Incorporated in 2015, Sotac Pharmaceuticals Limited, part of the Gujarat-based SOTAC Group, is engaged in manufacturing pharmaceutical products for various marketers on a loan license and contract manufacturing basis. Serving over 162 corporate clients, the company operates primarily on a principal-to-principal model. Established in 2017, its manufacturing facility has an annual capacity of 90 crore tablets and 14 crore capsules. Backed by promoters with over 59 years of combined industry experience, Sotac Pharmaceuticals continues to expand and strengthen its presence in the pharmaceutical sector.

Price Band

₹105 – ₹111

Issue Size

₹33.30 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹111

at current GMP

Subscribed

1.60x

overall

Open

29 Mar 2023

3 Apr 2023

Allotment

10 Apr 2023

Refund

11 Apr 2023

Demat Credit

12 Apr 2023

Listing

13 Apr 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sotac Pharmaceuticals Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹111

Band: ₹105 – ₹111

Estimated Listing Price

₹111

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,33,200

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹111
30 Oct 2026	—	0.0%	₹111
29 Oct 2026	—	0.0%	₹111

About Sotac Pharmaceuticals Limited Public Issue & Market Profile

Sotac Pharmaceuticals Limited is bringing an initial public offering (IPO) in the Pharmaceuticals & Healthcare sector with an aggregate issue size of ₹33.3 Crores. The shares are offered at a price band of ₹105 to ₹111 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. ₹1,33,200 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 Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-04-12, while un-allotted funds or UPI block mandates will be released on 2023-04-11.

Frequently Asked Questions

What is Sotac Pharmaceuticals Limited IPO GMP today?

The latest grey market premium for Sotac Pharmaceuticals Limited IPO is ₹0, which indicates an expected listing price of ₹111.

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.

Sotac Pharmaceuticals Limited

Sotac Pharmaceuticals Limited GMP Today

Sotac Pharmaceuticals Limited GMP Historical Trend

GMP History

Estimated Listing Price

About Sotac Pharmaceuticals Limited Public Issue & Market Profile

Frequently Asked Questions

What is Sotac Pharmaceuticals Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?