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 United Cotfab Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹13, the estimated listing price is ₹83 (approx. 18.6% gain).

What is the expected profit per lot for United Cotfab Limited IPO?

With a lot size of 2000 shares and current GMP of ₹13, expected profit per retail application lot is approximately ₹26,000.

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Grey Market Intelligence

United Cotfab Limited

ListedSME

Textiles · BSE

Founded in 2015, United Cotfab Limited manufactures high-quality open-end cotton yarn for the textile industry. They supply yarn to textile manufacturers, garment exporters, and distributors. The company produces Open End Cotton Yarn and Cotton Yarn using advanced technology and strict quality standards. Their manufacturing unit, located in Taluka, Ahmedabad, has a production capacity of around 9125 metric tons per year. As of March 31, 2024, the company has a dedicated team of 118 employees.

Price Band

₹70

Issue Size

₹36.29 Cr

Lot Size

2000 shares

GMP

₹13

+18.6%

Est. Listing

₹83

at current GMP

Subscribed

107.22x

overall

Open

13 Jun 2024

19 Jun 2024

Allotment

20 Jun 2024

Refund

21 Jun 2024

Demat Credit

22 Jun 2024

Listing

24 Jun 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

United Cotfab Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹13+18.6%

Issue Price (Upper)

₹70

Band: ₹70

Estimated Listing Price

₹83

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,40,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹13	18.6%	₹83
30 Oct 2026	+₹13	18.6%	₹83
29 Oct 2026	+₹12	16.7%	₹82

About United Cotfab Limited Public Issue & Market Profile

United Cotfab Limited is bringing an initial public offering (IPO) in the Textiles sector with an aggregate issue size of ₹36.29 Crores. The shares are offered at a price band of ₹70 to ₹70 per equity share on BSE. 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 2000 shares (approx. ₹1,40,000 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 Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-22, while un-allotted funds or UPI block mandates will be released on 2024-06-21.

Frequently Asked Questions

What is United Cotfab Limited IPO GMP today?

The latest grey market premium for United Cotfab Limited IPO is ₹13, which indicates an expected listing price of ₹83.

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.