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 Vishnu Prakash R Punglia Limited IPO?

Based on the upper price band of ₹99 and current GMP of ₹62, the estimated listing price is ₹161 (approx. 62.6% gain).

What is the expected profit per lot for Vishnu Prakash R Punglia Limited IPO?

With a lot size of 150 shares and current GMP of ₹62, expected profit per retail application lot is approximately ₹9,300.

IPO GreyPremiumLIVE

Grey Market Intelligence

Vishnu Prakash R Punglia Limited

ListedMainboard

Capital Goods · NSE / BSE

Incorporated in 1986, Vishnu Prakash R Punglia Limited is a construction and infrastructure development company working across 9 states and 1 union territory in India. The company executes engineering projects mainly in 4 segments – Water Supply Projects, Railway Projects, Road Projects and Irrigation Network Projects. VPRP is registered as a top-level contractor (Class AA / Class A / Class S) with multiple government departments and agencies across Rajasthan, Gujarat, Chhattisgarh, Madhya Pradesh and Military Engineering Services. Over the years, VPRP has grown significantly with large project awards, including a major Water Supply Project worth ₹4,332.90 million awarded in 2021.

Price Band

₹94 – ₹99

Issue Size

₹309 Cr

Lot Size

150 shares

GMP

₹62

+62.6%

Est. Listing

₹161

at current GMP

Subscribed

87.82x

overall

Open

24 Aug 2023

28 Aug 2023

Allotment

1 Sep 2023

Refund

2 Sep 2023

Demat Credit

3 Sep 2023

Listing

5 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Vishnu Prakash R Punglia Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹62+62.6%

Issue Price (Upper)

₹99

Band: ₹94 – ₹99

Estimated Listing Price

₹161

Upper price + GMP

Lot Size

150 shares

Min investment ₹14,850

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹62	62.6%	₹161
30 Oct 2026	+₹62	62.6%	₹161
29 Oct 2026	+₹56	56.4%	₹155

About Vishnu Prakash R Punglia Limited Public Issue & Market Profile

Vishnu Prakash R Punglia Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹308.88 Crores. The shares are offered at a price band of ₹94 to ₹99 per equity share on NSE and BSE. 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 2023-08-28, the basis of allotment is scheduled to be finalized on 2023-09-01. 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 (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Vishnu Prakash R Punglia Limited IPO GMP today?

The latest grey market premium for Vishnu Prakash R Punglia Limited IPO is ₹62, which indicates an expected listing price of ₹161.

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.