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 Sunita Tools Limited IPO?

Based on the upper price band of ₹145 and current GMP of ₹20, the estimated listing price is ₹165 (approx. 13.8% gain).

What is the expected profit per lot for Sunita Tools Limited IPO?

With a lot size of 1000 shares and current GMP of ₹20, expected profit per retail application lot is approximately ₹20,000.

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Grey Market Intelligence

Sunita Tools Limited

ListedSME

Emerging SME Services · BSE

Incorporated in 1988, Sunita Tools Limited manufactures customized mold bases and precision machining parts used across automotive, pharmaceutical, electronics, consumer goods, and manufacturing sectors. The company’s product range includes CNC machining, injection mould bases, blow mould bases, die casting mould bases, prototype mould bases, and other specialized mould components that serve as capital assets for multiple industries. Sunita Tools operates a manufacturing unit in Vasai, Mumbai, capable of producing large-dimension products up to 4000×2000 mm and 30 tonnes. The company has shown consistent growth, with revenue from operations rising from ₹666.36 lakhs in FY21 to ₹873.47 lakhs in FY22 and further to ₹1,384.44 lakhs in FY23.

Price Band

₹145

Issue Size

₹22.04 Cr

Lot Size

1000 shares

GMP

₹20

+13.8%

Est. Listing

₹165

at current GMP

Subscribed

13.30x

overall

Open

26 Sep 2023

3 Oct 2023

Allotment

6 Oct 2023

Refund

7 Oct 2023

Demat Credit

8 Oct 2023

Listing

11 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sunita Tools Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹20+13.8%

Issue Price (Upper)

₹145

Band: ₹145

Estimated Listing Price

₹165

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,45,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹20	13.8%	₹165
30 Oct 2026	+₹20	13.8%	₹165
29 Oct 2026	+₹18	12.4%	₹163

About Sunita Tools Limited Public Issue & Market Profile

Sunita Tools Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹22.04 Crores. The shares are offered at a price band of ₹145 to ₹145 per equity share on BSE. 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 2023-10-03, the basis of allotment is scheduled to be finalized on 2023-10-06. 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 (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Sunita Tools Limited IPO GMP today?

The latest grey market premium for Sunita Tools Limited IPO is ₹20, which indicates an expected listing price of ₹165.

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.