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 Vertexplus Technologies Limited IPO?

Based on the upper price band of ₹96 and current GMP of ₹8, the estimated listing price is ₹104 (approx. 8.3% gain).

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

With a lot size of 1200 shares and current GMP of ₹8, expected profit per retail application lot is approximately ₹9,600.

IPO GreyPremiumLIVE

Grey Market Intelligence

Vertexplus Technologies Limited

ListedSME

Information Technology · NSE

Incorporated in 2010, Vertexplus Technologies Limited is an ISO 9001:2015 and ISO/IEC 27001:2013 certified IT company engaged in providing consulting, outsourcing, infrastructure, and digital solutions and services. With extensive experience across diverse industries, the company partners with organizations to meet their evolving IT requirements, enhance operational capabilities, and drive sustainable growth. Vertexplus emphasizes quality, timely delivery, and cost efficiency, executing complex enterprise projects through five delivery models — Off-shore, On-site, Hybrid, Global, and Strategic Partnerships.

Price Band

₹91 – ₹96

Issue Size

₹14.20 Cr

Lot Size

1200 shares

GMP

₹8

+8.3%

Est. Listing

₹104

at current GMP

Subscribed

11.01x

overall

Open

2 Mar 2023

6 Mar 2023

Allotment

10 Mar 2023

Refund

11 Mar 2023

Demat Credit

12 Mar 2023

Listing

15 Mar 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Vertexplus Technologies Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹8+8.3%

Issue Price (Upper)

₹96

Band: ₹91 – ₹96

Estimated Listing Price

₹104

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,15,200

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹8	8.3%	₹104
30 Oct 2026	+₹8	8.3%	₹104
29 Oct 2026	+₹7	7.5%	₹103

About Vertexplus Technologies Limited Public Issue & Market Profile

Vertexplus Technologies Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹14.2 Crores. The shares are offered at a price band of ₹91 to ₹96 per equity share on NSE. 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 1200 shares (approx. ₹1,15,200 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 Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-03-12, while un-allotted funds or UPI block mandates will be released on 2023-03-11.

Frequently Asked Questions

What is Vertexplus Technologies Limited IPO GMP today?

The latest grey market premium for Vertexplus Technologies Limited IPO is ₹8, which indicates an expected listing price of ₹104.

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.