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 Sunlite Recycling Industries Limited IPO?

Based on the upper price band of ₹105 and current GMP of ₹79, the estimated listing price is ₹184 (approx. 75.2% gain).

What is the expected profit per lot for Sunlite Recycling Industries Limited IPO?

With a lot size of 1200 shares and current GMP of ₹79, expected profit per retail application lot is approximately ₹94,800.

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Grey Market Intelligence

Sunlite Recycling Industries Limited

ListedSME

Industrials · NSE

Sunlite Recycling Industries Limited, founded in 2012, specializes in manufacturing copper rods, wires, earthing strips, and conductors by recycling copper scrap for industries like power generation, transmission, and electronics. With a 12,152 sq. metre facility in Kheda, Gujarat, equipped with over 20 machines, the company offers a diverse range of copper products in various grades and specifications. As of March 2024, Sunlite Recycling Industries reported a revenue of Rs. 85,168.31 lacs and operated with a dedicated team of 38 employees.

Price Band

₹100 – ₹105

Issue Size

₹30.24 Cr

Lot Size

1200 shares

GMP

₹79

+75.2%

Est. Listing

₹184

at current GMP

Subscribed

282.53x

overall

Open

12 Aug 2024

14 Aug 2024

Allotment

16 Aug 2024

Refund

17 Aug 2024

Demat Credit

18 Aug 2024

Listing

20 Aug 2024

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Sunlite Recycling Industries Limited GMP Today

Last updated: 21 Nov 2025

Current Premium

₹79+75.2%

Issue Price (Upper)

₹105

Band: ₹100 – ₹105

Estimated Listing Price

₹184

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,26,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹79	75.2%	₹184
30 Oct 2026	+₹79	75.2%	₹184
29 Oct 2026	+₹71	67.7%	₹176

About Sunlite Recycling Industries Limited Public Issue & Market Profile

Sunlite Recycling Industries Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹30.24 Crores. The shares are offered at a price band of ₹100 to ₹105 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. ₹1,26,000 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 Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-18, while un-allotted funds or UPI block mandates will be released on 2024-08-17.

Frequently Asked Questions

What is Sunlite Recycling Industries Limited IPO GMP today?

The latest grey market premium for Sunlite Recycling Industries Limited IPO is ₹79, which indicates an expected listing price of ₹184.

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.