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 Synoptics Technologies Limited IPO?

Based on the upper price band of ₹237 and current GMP of ₹110, the estimated listing price is ₹347 (approx. 46.4% gain).

What is the expected profit per lot for Synoptics Technologies Limited IPO?

With a lot size of 600 shares and current GMP of ₹110, expected profit per retail application lot is approximately ₹66,000.

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Grey Market Intelligence

Synoptics Technologies Limited

ListedSME

Information Technology · NSE

Synoptics Technologies Limited, incorporated in 2008, provides comprehensive IT services and solutions, including IT infrastructure setup, cloud migration and management, IT security, and data center design. The company supports enterprises, small businesses, and government organizations in their digital transformation across various industry verticals. Its B2B clients include TATA Communications, BOB Financial Services, Blue Dart, Lifestyle International, Shoppers Stop, H&M, Fedbank, GIC Housing Finance, Motilal Oswal Financial Services, and the Government of Gujarat. Synoptics is also an authorized Private LTE/Private 5G service partner for BSNL nationwide. Headquartered in Mumbai, the company operates across India with 584 employees and regional offices in 17 states.

Price Band

₹237

Issue Size

₹54.03 Cr

Lot Size

600 shares

GMP

₹110

+46.4%

Est. Listing

₹347

at current GMP

Subscribed

77.25x

overall

Open

30 Jun 2023

5 Jul 2023

Allotment

10 Jul 2023

Refund

11 Jul 2023

Demat Credit

12 Jul 2023

Listing

13 Jul 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Synoptics Technologies Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹110+46.4%

Issue Price (Upper)

₹237

Band: ₹237

Estimated Listing Price

₹347

Upper price + GMP

Lot Size

600 shares

Min investment ₹1,42,200

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹110	46.4%	₹347
30 Oct 2026	+₹110	46.4%	₹347
29 Oct 2026	+₹99	41.8%	₹336

About Synoptics Technologies Limited Public Issue & Market Profile

Synoptics Technologies Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹54.03 Crores. The shares are offered at a price band of ₹237 to ₹237 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 600 shares (approx. ₹1,42,200 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 2023-07-12, while un-allotted funds or UPI block mandates will be released on 2023-07-11.

Frequently Asked Questions

What is Synoptics Technologies Limited IPO GMP today?

The latest grey market premium for Synoptics Technologies Limited IPO is ₹110, which indicates an expected listing price of ₹347.

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.