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 Wise Travel India Limited IPO?

Based on the upper price band of ₹147 and current GMP of ₹71, the estimated listing price is ₹218 (approx. 48.3% gain).

What is the expected profit per lot for Wise Travel India Limited IPO?

With a lot size of 1000 shares and current GMP of ₹71, expected profit per retail application lot is approximately ₹71,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Wise Travel India Limited

ListedSME

Emerging SME Services · NSE

Wise Travel India Limited (WTI), incorporated in 2009, is a leading transport company providing car rental and transportation services across 130 cities in India. The company offers a diverse range of services, including car rentals, employee transportation, end-to-end transport solutions (MSP), flexible rental plans, airport counters, fleet management, mobility solutions for MICE, sustainable mobility, project mobility, strategic consulting, and community commute solutions. WTI's fleet includes executive cars, luxury cars, SUVs, sedans, and coaches, catering to various customer needs. The company operates in key cities such as Delhi NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Chandigarh, Ahmedabad, Guwahati, Jaipur, and Kolkata. Its prestigious client base includes major brands like Nokia, IndiGrid, Amazon, Microsoft, Tesco, Vedanta, Indigo, RBS, Coca-Cola, American Express, Renault, LinkedIn, Hitachi, Cheil, Sapient, and Panasonic. As of October 31, 2023, WTI employs 784 people, including directors, reflecting its strong workforce and operational scale.

Price Band

₹140 – ₹147

Issue Size

₹94.68 Cr

Lot Size

1000 shares

GMP

₹71

+48.3%

Est. Listing

₹218

at current GMP

Subscribed

165.48x

overall

Open

12 Feb 2024

14 Feb 2024

Allotment

16 Feb 2024

Refund

17 Feb 2024

Demat Credit

18 Feb 2024

Listing

19 Feb 2024

Last updated 12 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Wise Travel India Limited GMP Today

Last updated: 20 Nov 2025

Current Premium

₹71+48.3%

Issue Price (Upper)

₹147

Band: ₹140 – ₹147

Estimated Listing Price

₹218

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,47,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹71	48.3%	₹218
30 Oct 2026	+₹71	48.3%	₹218
29 Oct 2026	+₹64	43.5%	₹211

About Wise Travel India Limited Public Issue & Market Profile

Wise Travel India Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹94.68 Crores. The shares are offered at a price band of ₹140 to ₹147 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

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 2024-02-14, the basis of allotment is scheduled to be finalized on 2024-02-16. 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 (Beetal Financial & Computer Services (P) Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Wise Travel India Limited IPO GMP today?

The latest grey market premium for Wise Travel India Limited IPO is ₹71, which indicates an expected listing price of ₹218.

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.