IPO GMP Today

IPO GMP or Grey Market Premium is the unofficial price at which IPO shares are traded in the grey market before officially listing on BSE or NSE. A positive GMP means demand is strong and shares trade above the issue price. For example, if an IPO is priced at ₹150 and GMP is ₹50, grey market buyers pay ₹200 per share before listing.

Expected Listing Price = Issue Price + Current GMP. If an IPO has an issue price of ₹200 and a GMP of ₹60, the expected listing price is ₹260, which represents a 30% premium over the issue price. This is a market estimate and actual listing prices may vary.

Kostak rate is the fixed amount paid per IPO application in the grey market, irrespective of whether the applicant gets allotment. For example, if Kostak is ₹800, a buyer pays ₹800 to purchase the right to one IPO application. It's a way to lock in profit regardless of allotment outcome.

Subject to Sauda is a grey market deal where the payment only happens if the applicant receives IPO allotment. Unlike Kostak (which is always paid), STS is contingent on getting allotted shares. STS rates are typically higher than Kostak since the buyer takes on allotment risk.

IPO GMP provides a sentiment indicator but is not always accurate. Studies show GMP correctly predicts listing direction about 60–70% of the time. GMP is more reliable for mainboard IPOs with high subscription and consistent GMP over multiple days. It is less reliable for SME IPOs or those with volatile GMP. Always combine GMP with fundamental analysis.

Our IPO GMP data is updated regularly throughout the day. The 'Last Updated' timestamp shown on each IPO's GMP page indicates when that specific IPO's GMP was last recorded. Individual IPO GMP pages also show a full 30-day history.