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 Steelman Telecom Limited IPO?

Based on the upper price band of ₹96 and current GMP of ₹53, the estimated listing price is ₹149 (approx. 55.2% gain).

What is the expected profit per lot for Steelman Telecom Limited IPO?

With a lot size of 1200 shares and current GMP of ₹53, expected profit per retail application lot is approximately ₹63,600.

IPO GreyPremiumLIVE

Grey Market Intelligence

Steelman Telecom Limited

ListedSME

Information Technology / Telecom Services · BSE

Incorporated in 2013, Steelman Telecom Limited provides support services and solutions for the telecom industry, addressing network requirements through network survey and planning, installation and commissioning, network testing and optimization, network solutions, and managed services for maintenance. Headquartered in Kolkata, the company also operates branch offices in Bhubaneswar and Gurgaon. Its service offerings include telecom implementation, radio frequency services, engineering procurement construction management (EPCM), managed services, operations and maintenance, payroll and resource management, and new generation technology solutions.

Price Band

₹96

Issue Size

₹26.02 Cr

Lot Size

1200 shares

GMP

₹53

+55.2%

Est. Listing

₹149

at current GMP

Subscribed

22.40x

overall

Open

26 Sep 2022

3 Oct 2022

Allotment

7 Oct 2022

Refund

8 Oct 2022

Demat Credit

9 Oct 2022

Listing

10 Oct 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Steelman Telecom Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹53+55.2%

Issue Price (Upper)

₹96

Band: ₹96

Estimated Listing Price

₹149

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,15,200

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹53	55.2%	₹149
30 Oct 2026	+₹53	55.2%	₹149
29 Oct 2026	+₹48	49.7%	₹144

About Steelman Telecom Limited Public Issue & Market Profile

Steelman Telecom Limited is bringing an initial public offering (IPO) in the Information Technology / Telecom Services sector with an aggregate issue size of ₹26.02 Crores. The shares are offered at a price band of ₹96 to ₹96 per equity share on BSE. 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. ₹1,15,200 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 Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-10-09, while un-allotted funds or UPI block mandates will be released on 2022-10-08.

Frequently Asked Questions

What is Steelman Telecom Limited IPO GMP today?

The latest grey market premium for Steelman Telecom Limited IPO is ₹53, which indicates an expected listing price of ₹149.

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.