Latest IPO Grey Market Premium, IPO GMP 2024

IPO Grey Market Premium (GMP) refers to the informal market in which investors purchase and sell shares of a business before they are listed on the stock exchange. The grey market and IPO parallel market are other names for it.

The grey market doesn’t have permission from any stock exchange or regulatory body and operates outside of the legal system. Investor mood and conjecture on the demand for the IPO shares following listing are the key drivers of it.

Current IPO Grey Market Premium Rates, IPO Grey Market Price

Check out the most recent IPO research and the anticipated listing gain of upcoming IPOs with expected grey market pricing as shown below:

IPO NameIPO Price (₹)IPO GMP (₹)Listing Gain (₹)OpenCloseListingApplication
Varyaa Creations BSE SME150150 (0.00%)22-Apr25-Apr30-AprView IPO
Emmforce Autotech BSE SME9830128 (30.61%)23-Apr25-Apr30-AprView IPO
Faalcon Concepts BSE SME6219-Apr23-Apr26-AprView IPO
VI FPO111.7012.7 (15.45%)18-Apr22-Apr25-AprView IPO
Grill Splendour Services NSE SME1208128 (6.67%)15-Apr18-Apr23-AprView IPO
Ramdevbaba Solvent NSE SME8527112 (31.76%)15-Apr18-Apr23-AprView IPO
Greenhitech Ventures BSE SME503585 (70.00%)12-Apr16-Apr22-AprView IPO
Teerth Gopicon NSE SME11116127 (14.41%)8-Apr11-Apr16-AprView IPO
DCG Wires And NSE SME100100 (0.00%)8-Apr10-Apr16-AprView IPO
Bharti Hexacom IPO570140710 (24.56%)3-Apr5-Apr12-AprView IPO
Creative Graphics Solutions NSE SME8566151 (77.65%)28-Mar4-Apr9-AprView IPO
K2 Infragen NSE SME11963182 (52.94%)28-Mar3-Apr8-AprView IPO
Aluwind Architectural NSE SME45550 (11.11%)28-Mar4-Apr9-AprView IPO
Jay Kailash Namkeen BSE SME731285 (16.44%)28-Mar3-Apr8-AprView IPO
Yash Optics & NSE SME811495 (17.28%)27-Mar3-Apr8-AprView IPO
TAC Infosec NSE SME106113219 (106.60%)27-Mar2-Apr5-AprView IPO
Radiowalla NSE SME7638114 (50.00%)27-Mar2-Apr5-AprView IPO
GConnect Logitech BSE SME40949 (22.50%)26-Mar28-Mar3-AprView IPO
Trust Fintech NSE SME10145146 (44.55%)26-Mar28-Mar3-AprView IPO
SRM Contractors IPO21070280 (33.33%)26-Mar28-Mar3-AprView IPO
Blue Pebble NSE SME16815183 (8.93%)26-Mar28-Mar3-AprView IPO
Aspire & Innovative NSE SME54458 (7.41%)26-Mar28-Mar3-AprView IPO
Naman In-Store (India) NSE SME8950139 (56.18%)22-Mar27-Mar2-AprView IPO
Vruddhi Engineering Works BSE SME7070 (0.00%)21-Mar26-Mar1-AprView IPO
Vishwas Agri Seeds NSE SME86995 (10.47%)21-Mar26-Mar1-AprView IPO
Omfurn India SME FPO7575 (0.00%)20-Mar22-Mar28-MarView IPO
Chatha Foods BSE SME561066 (17.86%)19-Mar21-Mar27-MarView IPO
Enser Communications NSE SME7070 (0.00%)15-Mar19-Mar22-MarView IPO
Enfuse Solutions NSE SME9640136 (41.67%)15-Mar19-Mar22-MarView IPO
KP Green Engineering BSE SME14450194 (34.72%)15-Mar19-Mar22-MarView IPO
Krystal Integrated Services IPO71560775 (8.39%)14-Mar18-Mar21-MarView IPO
AVP Infracon NSE SME75075 (0.00%)13-Mar15-Mar20-MarView IPO
Popular Vehicles & IPO2950295 (0.00%)12-Mar14-Mar19-MarView IPO
Royal Sense BSE SME6837105 (54.41%)12-Mar14-Mar19-MarView IPO
Signoria Creation NSE SME6560125 (92.31%)12-Mar14-Mar19-MarView IPO
Pratham EPC Projects NSE SME7527102 (36.00%)11-Mar13-Mar18-MarView IPO
Pune E-Stock Broking BSE SME8340123 (48.19%)7-Mar12-Mar15-MarView IPO
Koura Fine Diamond BSE SME5560115 (109.09%)6-Mar11-Mar14-MarView IPO
Shree Karni Fabcom NSE SME22730257 (13.22%)6-Mar11-Mar14-MarView IPO
Gopal Snacks IPO401-25376 (-6.23%)6-Mar11-Mar14-MarView IPO
Sona Machinery NSE SME14330173 (20.98%)5-Mar7-Mar13-MarView IPO
JG Chemicals IPO2215226 (2.26%)5-Mar7-Mar13-MarView IPO
V R Infraspace NSE SME85691 (7.06%)4-Mar6-Mar12-MarView IPO
R K SWAMY IPO2880288 (0.00%)4-Mar6-Mar12-MarView IPO
Mukka Proteins IPO
283563 (125.00%)29-Feb4-Mar7-MarView IPO
M.V.K. Agro Food NSE SME1200120 (0.00%)29-Feb4-Mar7-MarView IPO
Bharat Highways InvIT IPO
1002102 (2.00%)28-Feb1-Mar6-MarView IPO
Exicom Tele-Systems IPO
142160302 (112.68%)27-Feb29-Feb5-MarView IPO
Platinum Industries IPO
17187258 (50.88%)27-Feb29-Feb5-MarView IPO
Purv Flexipack NSE SME
71130201 (183.10%)27-Feb29-Feb5-MarView IPO
Owais Metal and Mineral NSE SME
87100187 (114.94%)26-Feb28-Feb4-MarView IPO
Sadhav Shipping NSE SME9530125 (31.58%) 23-Feb27-Feb1-MarView IPO
GPT Healthcare IPO18617203 (9.14%)22-Feb26-Feb29-FebView IPO
Juniper Hotels IPO
3600360 (0.00%)21-Feb23-Feb28-FebView IPO
Deem Roll Tech NSE SME
12978190 (47.29%)20-Feb22-Feb27-FebView IPO
Zenith Drugs NSE SME
793599 (25.32%)19-Feb22-Feb27-FebView IPO
Kalahridhaan Trendz NSE SME
45348 (6.67%)15-Feb20-Feb23-FebView IPO
Thaai Casting NSE SME
7780157 (103.90%)15-Feb20-Feb23-FebView IPO
Atmastco NSE SMEUpcoming
77683 (7.79%)15-Feb20-Feb23-FebView IPO
Interiors and More NSE SMEUpcoming
22736263 (15.86%)15-Feb20-Feb23-FebView IPO
Esconet Technologies NSE SME
84100184 (119.05%)16-Feb20-Feb23-FebView IPO
Vibhor Steel Tubes
151140291 (92.72%)13-Feb15-Feb20-FebView IPO
14771218 (48.30%)12-Feb14-Feb19-FebView IPO
Entero Healthcare Solutions IPO
125821260 (0.16%)9-Feb13-Feb16-FebView IPO
Polysil Irrigation Systems NSE SME
5454 (0.00%)8-Feb13-Feb16-FebView IPO
Alpex Solar NSE SME
115148263 (128.70%)8-Feb12-Feb15-FebView IPO
Rudra Gas Enterprise BSE SME
6357120 (90.48%)8-Feb12-Feb15-FebView IPO
Jana Small Finance IPO
41416430 (3.86%)7-Feb9-Feb14-FebView IPO
Capital Small Finance IPO

468468 (0.00%)7-Feb9-Feb14-FebView IPO
Rashi Peripherals IPO
31134345 (10.93%)7-Feb9-Feb14-FebView IPO
Italian Edibles NSE
681280 (17.65%)2-Feb7-Feb12-FebView IPO
Apeejay Surrendra Park IPO
15538193 (24.52%)5-Feb7-Feb12-FebView IPO
Gabriel Pet Straps BSE SME
10150151 (49.50%)31-Jan2-Feb7-FebView IPO
BLS E-Services
135155290 (114.81%)30-Jan1-Feb6-FebView IPO
Baweja Studios NSE SMEUpcoming
1802182 (1.11%)29-Jan1-Feb6-Feb

Let’s see how to calculate the estimated listing price after adding a premium. If the grey market shows the rate of an IPO is ₹100 and the IPO price is around ₹200 then the estimated listing price will be around ₹300. Based on the calculation the listing gain will be 50% against the IPO price.

The listing of an IPO might vary against the estimated listing price suggested by the grey market due to the bull/bear market or the demand for the company shares. We have witnessed that some of the IPOs had lower grey market but listing with higher gains while few IPOs where the grey market was on a higher side but the listing was at the lower levels. As the grey market is always one of the strong factors for the IPO listing gain calculation but we highly recommend investors to use the grey market rates for just information, do not trade based on the numbers.

Important Factors to Consider About IPO GMP:

  • The stockbrokers and IPO investors participate in unauthorized grey market trades. The level of trust between the parties determines this.
  • Prior to applying for an IPO, read our IPO analysis.
  • The prices in the grey market are estimated, offered, or obtained from specialists or market research.
  • Since trading on the Grey Market is illegal, we do not advise it.
  • The Kostak Rate is the premium one receives when selling an IPO application to someone else (in an off-market transaction) even before the issue is allotted or listed.
  • Don’t invest in the IPO using the aforementioned premium. Prior to listing, it could alter at any time.
  • Consider solely the fundamentals of the company before subscribing.

Listed IPO Grey Market Premium of IPO 2023, 2024

IPO NamePriceGMPListedApplication
Bharti Hexacom₹570₹90₹755View IPO
SRM Contractors₹210₹125₹215View IPO
Krystal Integrated₹715₹55₹795View IPO
Popular Vehicles₹295₹-₹289View IPO
Gopal Snacks₹401₹-₹351View IPO
JG Chemicals₹221₹5₹209View IPO
R K SWAMY₹288₹-₹250View IPO
Mukka Proteins₹28₹35₹44View IPO
Exicom Tele-Systems₹142₹150₹265View IPO
Platinum Industries₹171₹100₹225View IPO
GPT Healthcare₹186₹10₹195View IPO
Juniper Hotels₹360₹0₹361View IPO
Vibhor Steel Tubes₹151₹130₹425View IPO
Entero Healthcare Solutions₹1258₹0₹1245View IPO
Rashi Peripherals₹311₹40₹339View IPO
Capital Small Finance Bank₹468₹0₹430View IPO
Jana Small Finance Bank₹414₹15₹396View IPO
Apeejay Surrendra Park Hotels₹155₹35₹187View IPO
BLS E-Services₹135₹150₹305View IPO
Nova Agri Tech₹41₹15₹55View IPO
EPACK Durable₹230₹5₹221View IPO
Medi Assist Healthcare₹418₹35₹465View IPO
Jyoti CNC Automation₹331₹45₹370View IPO
Innova Captab₹448₹85₹456View IPO
Azad Engineering₹524₹200₹706View IPO
RBZ Jewellers₹100₹5₹100View IPO
Happy Forgings₹850₹250₹1000View IPO
Credo Brands (Mufti Jeans)₹280₹100₹282View IPO
Motisons Jewellers₹55₹56₹109View IPO
Suraj Estate Developers₹360₹15₹340View IPO
Muthoot Microfin₹291₹25₹275View IPO
Inox India₹660₹550₹934View IPO
DOMS IPO₹790₹490₹1300View IPO
India Shelter Finance₹493₹165₹620View IPO
Flair Writing₹304₹150₹503View IPO
Gandhar Oil₹169₹75₹298View IPO
Fedbank Financial Services₹140₹-₹138View IPO
Tata Technologies₹500₹430₹1200View IPO
IREDA₹32₹12₹50View IPO
ASK Automotive₹282₹30₹305View IPO
Protean eGov Technologies₹792₹40₹792View IPO
ESAF Small Finance Bank₹60₹20₹71View IPO
Mamaearth₹324₹30₹330View IPO
Cello World₹648₹180₹829View IPO
Blue Jet Healthcare₹346₹25₹380View IPO
IRM Energy₹505₹15₹478View IPO
Plaza Wires₹54₹25₹76View IPO
Valiant Laboratories₹140₹25₹162View IPO
Updater Services₹300₹-₹285View IPO
Manoj Vaibhav Gems₹215₹10₹215View IPO
JSW Infrastructure₹119₹30₹143View IPO
Yatra Online₹142₹-₹127View IPO
Sai Silks Kalamandir₹222₹7₹231View IPO
Signature Global₹385₹40₹444View IPO
Zaggle Prepaid Ocean Services₹164₹15₹164View IPO
Samhi Hotels₹126₹2₹134View IPO
EMS IPO₹211₹100₹282View IPO
RR Kabel₹1035₹95₹1140View IPO
Jupiter Life Line Hospitals₹735₹230₹973View IPO
Rishabh Instruments₹441₹65₹460View IPO
Ratnaveer Precision Engineering₹98₹50₹128View IPO
Vishnu Prakash R Punglia₹99₹60₹165View IPO
Aeroflex Industries₹108₹65₹197View IPO
Pyramid Technoplast₹166₹20₹187View IPO
TVS Supply Chain Solutions₹197₹-₹207View IPO
Concord Biotech₹741₹110₹900View IPO
SBFC Finance₹57₹30₹82View IPO
Yatharth Hospital₹300₹80₹306View IPO
Netweb Technologies₹500₹400₹947View IPO
Utkarsh Small Finance Bank₹25₹15₹40View IPO
Senco Gold₹317₹100₹430View IPO
Cyient DLM₹265₹150₹402View IPO
IdeaForge₹672₹510₹1300View IPO
HMA Agro₹585₹-₹625View IPO
View IPO₹285₹100₹391View IPO
Nexus Select Trust₹100₹5₹103View IPO
Mankind Pharma₹1080₹100₹1300View IPO
Avalon Technologies₹436₹10₹436View IPO
Udayshivakumar Infra₹35₹5₹30View IPO
Global Surfaces₹140₹15₹164View IPO
Divgi TorqTransfer Systems₹590₹40₹620View IPO
Sah Polymers₹65₹10₹85View IPO
Radiant Cash Management₹99₹3₹103View IPO
Elin Electronics₹247Disc₹244View IPO
KFin Technologies₹366Disc₹267View IPO
Abans Holdings₹270Disc₹273View IPO
Landmark Cars₹506Disc₹471View IPO
Sula Vineyards₹357Disc₹361View IPO
Uniparts India₹577₹40₹575View IPO
Dharmaj Crop Guard₹237₹55₹266View IPO
Keystone Realtors₹541₹5₹555View IPO
Inox Green Energy₹65Disc₹60View IPO
Kaynes Technology₹587₹220₹778View IPO
Five Star Business Finance₹474Disc₹468View IPO
Archeran Chemicals₹407₹120₹450View IPO
Global Health₹336₹20₹401View IPO
Bikaji Foods₹300₹25₹322View IPO
Fusion Micro Finance₹368₹5₹360View IPO
DCX Systems₹207₹85₹207View IPO
Tracxn₹80–₹4₹84View IPO
Electronics Mart₹59₹30₹90View IPO
Harsha Engineers₹330₹130₹450View IPO
Tamilnad Mercantile Bank₹510₹15₹495View IPO
Dreamfolks Services₹326₹120₹508View IPO
Syrma SGS₹220₹55₹260View IPO
Aether Industries₹642₹15₹704View IPO
eMudhra IPO₹256#ERROR!₹270View IPO
Ethos IPO₹878#ERROR!₹825View IPO
Paradeep Phosphates₹42₹0.50₹44View IPO
Venus Pipes₹326₹30₹337View IPO
Delhivery₹487#ERROR!₹495View IPO
Prudent Corporate₹630#ERROR!₹650View IPO
LIC IPO₹949#ERROR!₹872View IPO
Rainbow Hospital₹542₹10₹510View IPO
Campus Activewear₹292₹50₹360View IPO
Hariom Pipe₹153₹15₹220View IPO
Veranda Learning₹137₹15₹157View IPO
Uma Exports₹68₹-₹76View IPO
Ruchi Soya₹650₹60₹855View IPO
Vedant Fashions₹866₹10₹935View IPO
Adani Wilmar₹230₹30₹227View IPO
AGS Transact₹175₹5₹175View IPO
CMS Info Systems₹216₹5₹220View IPO
Supriya Lifescience₹274₹130₹421View IPO
HP Adhesives₹274₹90₹315View IPO
Data Patterns₹585₹300₹856View IPO
Medplus₹796₹180₹1040View IPO
Metro Brands₹500₹-₹437View IPO
MapmyIndia₹1022₹700₹1565View IPO
Shriram Properties₹118₹-₹90View IPO
RateGain₹425₹35₹360View IPO
Anand Rathi Wealth₹550₹50₹600View IPO
Tega Industries₹453₹300₹760View IPO
Star Health₹900-₹50₹845View IPO
Go Fashion₹690₹450₹1310View IPO
Tarsons Products₹662₹180₹682View IPO
LatentView Analytics₹197₹300₹512View IPO
Sapphire Foods₹1150₹150₹1350View IPO
Paytm₹2150₹30₹1950View IPO
Sigachi Industries₹163₹230₹570View IPO
SJS Enterprises₹542₹60₹542View IPO
Policybazaar₹980₹150₹1150View IPO
Nykaa₹1125₹750₹2018View IPO
Aditya Birla AMC₹712₹25₹715View IPO
Paras Defence₹175₹220₹469View IPO
Sansera Engineering₹744₹65₹811View IPO
Vijaya Diagnostic₹531₹0₹540View IPO
Ami Organics₹610₹150₹910View IPO
Aptus Value Housing₹353₹0₹333View IPO
Chemplast Sanmar₹541₹0₹550View IPO
Nuvoco Vistas₹570₹0₹485View IPO
CarTrade₹1618₹150₹1505View IPO
Windlas Biotech₹460₹85₹437View IPO
Devyani International₹90₹55₹141View IPO
Exxaro Tiles₹120₹15₹126View IPO
Krsnaa Diagnostics₹954₹320₹1005View IPO
Rolex Rings₹900₹450₹1250View IPO
Glenmark Life Sciences₹720₹90₹750View IPO
Tatva Chintan Pharma₹1083₹1100₹2111View IPO
Zomato₹76₹25₹126View IPO
GR Infraprojects₹837₹560₹1716View IPO
Clean Science₹900₹620₹1784View IPO
India Pesticides₹296₹65₹350View IPO
Dodla Dairy₹428₹95₹550View IPO
KIMS Hospital₹825₹110₹1009View IPO
Shyam Metalics₹306₹135₹380View IPO
Sona BLW Precision₹291₹5₹301View IPO
Lodha Developers₹486₹0₹436View IPO
Barbeque Nation₹500₹0₹482View IPO
Suryoday Small Bank₹305₹0₹293View IPO
Kalyan Jewellers₹87₹0₹74View IPO
Anupam Rasayan₹555₹70₹520View IPO
Laxmi Organic₹130₹45₹155View IPO
Craftsman Automation₹1490₹32₹1359View IPO
Nazara Technologies₹1101₹700₹1990View IPO
Easy Trip Planners₹187₹140₹212View IPO
MTAR Technologies₹575₹500₹1050View IPO
Heranba Industries₹627₹270₹900View IPO
Nureca Limited₹400₹80₹615View IPO
Brookfield India REIT₹275₹0₹281View IPO
Stove Kraft₹385₹65₹298View IPO
Home First Finance₹518₹150₹618View IPO
Indigo Paints₹1490₹900₹2607View IPO
RailTel₹94₹15₹109View IPO
IRFC₹26₹0.50₹25View IPO
Antony Waste₹315₹105₹436View IPO

FAQs about IPO Grey Market Premium:

What is Grey Market Premium?

In the IPO market, individuals use the phrase “grey market premium” (also known as “IPO GMP”) to determine the potential listing price of an IPO. Although the grey market is unauthorized, investors look at it to determine the stock’s fixed gain. The grey market operates in the days leading up to the IPO start date and the days after it until the allotment date. The grey market premium provides an estimate of how the IPO could perform on the day it lists.

What is Kostak Rate?

The sum that one investor pays to the seller of an IPO application prior to the IPO listing is known as the Kostak rate. The Kostak rates likewise change in the same manner as the grey market. One can set their profit by purchasing and selling their whole IPO application at Kostak prices outside of the market. The buyer must pay the Kostak rates for the IPO regardless of whether the investor receives an IPO allotment. If someone submitted five applications for a single IPO and sold those applications for ₹1,000 each, that person would have achieved an IPO profit of 5,000 rupees. Even if he receives the allocation after only two applications, he will still make 5,000.

How to Calculate Grey Market Premium?

The IPO GMP, often referred to as the grey market premium, is a price that is transacted on the black market prior to the IPO listing procedure. Based on the company’s performance, its demand on the grey market, and the likelihood that someone will subscribe, an estimate is made. Let’s imagine that the IPO could list at 300 (i.e., 200 + 100) if the X IPO price is fixed at 200 and the grey market is displaying a rate of 100. This is only a guess, though, thus the listing’s actual price could be different from the black market pricing.

How Can I Buy or Sell an IPO Application on the GMP?

The grey market is not officially affiliated with any individuals or organizations. On the basis of the IPO GMP, certain brokers purchase and sell IPO applications on Kostak Rates or Subject to Sauda Rates. Find local brokers that act as a middleman between buyers and sellers and trade IPO applications on the grey market. Before purchasing or selling, be aware of the rates.

Are Grey Market Premium Stocks Safe?

It is up to the broker or trader, and we believe it is not safe. Trading on the black market is done at your own risk. One needs to take measures because there may be higher-than-average volatility. Simply refer to the IPO GMP as we advise for the purpose of listing gain. Be shrewd and only trade after listing on the principal market.