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 Suraj Estate Developers Limited IPO?

Based on the upper price band of ₹360 and current GMP of ₹15, the estimated listing price is ₹375 (approx. 4.2% gain).

What is the expected profit per lot for Suraj Estate Developers Limited IPO?

With a lot size of 41 shares and current GMP of ₹15, expected profit per retail application lot is approximately ₹615.

IPO GreyPremiumLIVE

Grey Market Intelligence

Suraj Estate Developers Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Incorporated in April 1992, Muthoot Microfin Limited is a microfinance institution that provides small loans mainly to women in rural areas to support income generating activities. As of December 31, 2022, it is the fourth largest NBFC-MFI in India by gross loan portfolio, the largest in Kerala and the third largest in South India. The company also has a strong presence in Tamil Nadu with around 16% market share. As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 states and union territories, supported by a workforce of 10,227 employees.

Price Band

₹340 – ₹360

Issue Size

₹400 Cr

Lot Size

41 shares

GMP

₹15

+4.2%

Est. Listing

₹375

at current GMP

Subscribed

16.57x

overall

Open

18 Dec 2023

20 Dec 2023

Allotment

22 Dec 2023

Refund

23 Dec 2023

Demat Credit

24 Dec 2023

Listing

26 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Suraj Estate Developers Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹15+4.2%

Issue Price (Upper)

₹360

Band: ₹340 – ₹360

Estimated Listing Price

₹375

Upper price + GMP

Lot Size

41 shares

Min investment ₹14,760

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹15	4.2%	₹375
30 Oct 2026	+₹15	4.2%	₹375
29 Oct 2026	+₹14	3.8%	₹374

About Suraj Estate Developers Limited Public Issue & Market Profile

Suraj Estate Developers Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹400 Crores. The shares are offered at a price band of ₹340 to ₹360 per equity share on NSE and 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 41 shares (approx. ₹14,760 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 2023-12-24, while un-allotted funds or UPI block mandates will be released on 2023-12-23.

Frequently Asked Questions

What is Suraj Estate Developers Limited IPO GMP today?

The latest grey market premium for Suraj Estate Developers Limited IPO is ₹15, which indicates an expected listing price of ₹375.

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.