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 Virtual Galaxy Infotech Limited IPO?

Based on the upper price band of ₹142 and current GMP of ₹110, the estimated listing price is ₹252 (approx. 77.5% gain).

What is the expected profit per lot for Virtual Galaxy Infotech Limited IPO?

With a lot size of 1000 shares and current GMP of ₹110, expected profit per retail application lot is approximately ₹1,10,000.

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Grey Market Intelligence

Virtual Galaxy Infotech Limited

ListedSME

Technology / IT · NSE

Virtual Galaxy Infotech Limited (VGIL), incorporated in 1997 and based in Nagpur, Maharashtra, is an IT services and consulting company offering technology products across Banking & Finance, ERP, e-Government, Cloud, Big Data, IoT and System Integration. Its flagship product “e-banker” is a core banking solution used by commercial banks, cooperative banks, NBFCs and SACCOs. The company serves more than 5,000 bank branches and also works with manufacturing, sugar, seeds, fertilizers, textiles and education industries. VGIL operates in over 15 states in India and also in Tanzania and Malawi. With 329 employees and multiple ISO certifications, the company focuses on automation, compliance and digital transformation.

Price Band

₹135 – ₹142

Issue Size

₹93.29 Cr

Lot Size

1000 shares

GMP

₹110

+77.5%

Est. Listing

₹252

at current GMP

Subscribed

215.08x

overall

Open

9 May 2025

14 May 2025

Allotment

15 May 2025

Refund

16 May 2025

Demat Credit

17 May 2025

Listing

19 May 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Virtual Galaxy Infotech Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹110+77.5%

Issue Price (Upper)

₹142

Band: ₹135 – ₹142

Estimated Listing Price

₹252

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,42,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹110	77.5%	₹252
30 Oct 2026	+₹110	77.5%	₹252
29 Oct 2026	+₹99	69.7%	₹241

About Virtual Galaxy Infotech Limited Public Issue & Market Profile

Virtual Galaxy Infotech Limited is bringing an initial public offering (IPO) in the Technology / IT sector with an aggregate issue size of ₹93.29 Crores. The shares are offered at a price band of ₹135 to ₹142 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2025-05-14, the basis of allotment is scheduled to be finalized on 2025-05-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Virtual Galaxy Infotech Limited IPO GMP today?

The latest grey market premium for Virtual Galaxy Infotech Limited IPO is ₹110, which indicates an expected listing price of ₹252.

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.