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 Name | IPO GMP | IPO Price | Listing Gain | Application |
|---|---|---|---|---|
| Sunrest Lifescience SME IPO 20-Nov-2023 | ₹5 | ₹84.00 | ₹89 (5.95%) | View IPO |
| Kalyani Cast Tech SME IPO 17-Nov-2023 | ₹95 | ₹139.00 | ₹234 (68.35%) | View IPO |
| ROX Hi-Tech SME IPO 16-Nov-2023 | ₹75 | ₹83.00 | ₹158 (90.36%) | View IPO |
| Baba Food Processing SME IPO 15-Nov-2023 | ₹10 | ₹76.00 | ₹86 (13.16%) | View IPO |
| ASK Automotive IPO 15-Nov-2023 | ₹28 | ₹282.00 | ₹310 (9.93%) | View IPO |
| Protean eGov Technologies IPO 13-Nov-2023 | ₹48 | ₹792.00 | ₹840 (6.06%) | View IPO |
| Micropro Software Solutions SME IPO 10-Nov-2023 | ₹4 | ₹81.00 | ₹85 (4.94%) | View IPO |
| ESAF Small Finance IPO 10-Nov-2023 | ₹16 | ₹60.00 | ₹76 (26.67%) | View IPO |
| SAR Televenture SME IPO 8-Nov-2023 | ₹53 | ₹55.00 | ₹108 (96.36%) | View IPO |
| Mish Designs SME IPO 7-Nov-2023 | ₹70 | ₹122.00 | ₹192 (57.38%) | View IPO |
| Maitreya Medicare Limited SME IPO 7-Nov-2023 | ₹75 | ₹82.00 | ₹157 (91.46%) | View IPO |
| Cello World Limited IPO 6-Nov-2023 | ₹160 | ₹648.00 | ₹808 (24.69%) | View IPO |
| Transteel Seating Technologies SME IPO 6-Nov-2023 | ₹12 | ₹70.00 | ₹82 (17.14%) | View IPO |
| KK Shah Hospitals SME IPO 6-Nov-2023 | ₹6 | ₹45.00 | ₹51 (13.33%) | View IPO |
| Vrundavan Plantation SME IPO 6-Nov-2023 | ₹0 | ₹108.00 | ₹108 (0.00%) | View IPO |
| Shanthala FMCG Products SME IPO 3-Nov-2023 | ₹0 | ₹91.00 | ₹91 (0.00%) | View IPO |
| Paragon Fine And SME IPO 3-Nov-2023 | ₹105 | ₹100.00 | ₹205 (105.00%) | View IPO |
| Ondoor Concepts SME IPO 1-Nov-2023 | ₹15 | ₹208.00 | ₹223 (7.21%) | View IPO |
| Blue Jet Healthcare IPO 1-Nov-2023 | ₹22 | ₹346.00 | ₹368 (6.36%) | View IPO |
| Rajgor Castor Derivatives SME IPO 31-Oct-2023 | ₹5 | ₹50.00 | ₹55 (10.00%) | View IPO |
| WomenCart SME IPO 27-Oct-2023 | ₹30 | ₹86.00 | ₹116 (34.88%) | View IPO |
| IRM Energy IPO 26-Oct-2023 | ₹18 | ₹505.00 | ₹523 (3.56%) | View IPO |
| Arvind and Company SME IPO 25-Oct-2023 | ₹18 | ₹45.00 | ₹63 (40.00%) | View IPO |
| Committed Cargo Care SME IPO 18-Oct-2023 | ₹6 | ₹77.00 | ₹83 (7.79%) | View IPO |
| Plada Infotech Services SME IPO 13-Oct-2023 | ₹7 | ₹48.00 | ₹55 (14.58%) | View IPO |
| Karnika Industries SME IPO 12-Oct-2023 | ₹3 | ₹76.00 | ₹79 (3.95%) | View IPO |
| Plaza Wires IPO 12-Oct-2023 | ₹23 | ₹54.00 | ₹77 (42.59%) | View IPO |
| Sharp Chucks And SME IPO 12-Oct-2023 | ₹19 | ₹58.00 | ₹77 (32.76%) | View IPO |
| Vivaa Tradecom SME IPO 12-Oct-2023 | ₹0 | ₹51.00 | ₹51 (0.00%) | View IPO |
| Sunita Tools SME IPO 11-Oct-2023 | ₹20 | ₹145.00 | ₹165 (13.79%) | View IPO |
| Goyal Salt SME IPO 11-Oct-2023 | ₹39 | ₹38.00 | ₹77 (102.63%) | View IPO |
| Canarys Automations SME IPO 11-Oct-2023 | ₹5 | ₹31.00 | ₹36 (16.13%) | View IPO |
| Oneclick Logistics India SME IPO 11-Oct-2023 | ₹50 | ₹99.00 | ₹149 (50.51%) | View IPO |
| Kontor Space SME IPO 10-Oct-2023 | ₹3 | ₹93.00 | ₹96 (3.23%) | View IPO |
| City Crops Agro SME IPO 10-Oct-2023 | ₹0 | ₹25.00 | ₹25 (0.00%) | View IPO |
| Vishnusurya Projects and SME IPO 10-Oct-2023 | ₹7 | ₹68.00 | ₹75 (10.29%) | View IPO |
| E Factor Experiences SME IPO 9-Oct-2023 | ₹32 | ₹75.00 | ₹107 (42.67%) | View IPO |
| Arabian Petroleum SME IPO 9-Oct-2023 | ₹9 | ₹70.00 | ₹79 (12.86%) | View IPO |
| Valiant Laboratories IPO 6-Oct-2023 | ₹20 | ₹140.00 | ₹160 (14.29%) | View IPO |
| Vinyas Innovative Technologies SME IPO 6-Oct-2023 | ₹67 | ₹165.00 | ₹232 (40.61%) | View IPO |
| Organic Recycling Systems SME IPO 6-Oct-2023 | ₹16 | ₹200.00 | ₹216 (8.00%) | View IPO |
| Inspire Films SME IPO 5-Oct-2023 | ₹3 | ₹59.00 | ₹62 (5.08%) | View IPO |
| Newjaisa Technologies SME IPO 5-Oct-2023 | ₹11 | ₹47.00 | ₹58 (23.40%) | View IPO |
| Mangalam Alloys SME IPO 5-Oct-2023 | ₹0 | ₹80.00 | ₹80 (0.00%) | View IPO |
| Digikore Studios SME IPO 4-Oct-2023 | ₹65 | ₹171.00 | ₹236 (38.01%) | View IPO |
| Updater Services IPO 4-Oct-2023 | ₹0 | ₹300.00 | ₹300 (0.00%) | View IPO |
| Saakshi Medtech and SME IPO 3-Oct-2023 | ₹36 | ₹97.00 | ₹133 (37.11%) | View IPO |
| JSW Infrastructure IPO 3-Oct-2023 | ₹30 | ₹119.00 | ₹149 (25.21%) | View IPO |
| Manoj Vaibhav Gems IPO 3-Oct-2023 | ₹0 | ₹215.00 | ₹215 (0.00%) | View IPO |
| Yatra Online IPO 28-Sep-2023 | ₹0 | ₹142.00 | ₹142 (0.00%) | View IPO |
| Marco Cables &Conductors SME IPO 28-Sep-2023 | ₹6 | ₹36.00 | ₹42 (16.67%) | View IPO |
| Cellecor Gadgets SME IPO 28-Sep-2023 | ₹50 | ₹92.00 | ₹142 (54.35%) | View IPO |
| Hi-Green Carbon SME IPO 28-Sep-2023 | ₹35 | ₹75.00 | ₹110 (46.67%) | View IPO |
| Sai Silks (Kalamandir) IPO 27-Sep-2023 | ₹7 | ₹222.00 | ₹229 (3.15%) | View IPO |
| Kody Technolab SME IPO 27-Sep-2023 | ₹25 | ₹160.00 | ₹185 (15.62%) | View IPO |
| Techknowgreen Solutions SME IPO 27-Sep-2023 | ₹5 | ₹86.00 | ₹91 (5.81%) | View IPO |
| Signatureglobal India IPO 27-Sep-2023 | ₹50 | ₹385.00 | ₹435 (12.99%) | View IPO |
| Kundan Edifice SME IPO 26-Sep-2023 | ₹5 | ₹91.00 | ₹96 (5.49%) | View IPO |
| Madhusudan Masala SME IPO 26-Sep-2023 | ₹61 | ₹70.00 | ₹131 (87.14%) | View IPO |
| Holmarc Opto-Mechatronics SME IPO 25-Sep-2023 | ₹27 | ₹40.00 | ₹67 (67.50%) | View IPO |
| Chavda Infra SME IPO 25-Sep-2023 | ₹60 | ₹65.00 | ₹125 (92.31%) | View IPO |
| SAMHI Hotels IPO 22-Sep-2023 | ₹8 | ₹126.00 | ₹134 (6.35%) | View IPO |
| Zaggle Prepaid Ocean IPO 21-Sep-2023 | ₹16 | ₹132.00 | ₹148 (12.12%) | View IPO |
| Meson Valves India SME IPO 21-Sep-2023 | ₹93 | ₹102.00 | ₹195 (91.18%) | View IPO |
| EMS IPO 21-Sep-2023 | ₹88 | ₹211.00 | ₹299 (41.71%) | View IPO |
| R R Kabel IPO 20-Sep-2023 | ₹104 | ₹1035.00 | ₹1139 (10.05%) | View IPO |
| Jupiter Life Line IPO 18-Sep-2023 | ₹233 | ₹735.00 | ₹968 (31.70%) | View IPO |
| Jiwanram Sheoduttrai Industries SME IPO 18-Sep-2023 | ₹13 | ₹23.00 | ₹36 (56.52%) | View IPO |
| Kahan Packaging SME IPO 15-Sep-2023 | ₹72 | ₹80.00 | ₹152 (90.00%) | View IPO |
| Pramara Promotions SME IPO 13-Sep-2023 | ₹31 | ₹63.00 | ₹94 (49.21%) | View IPO |
| Saroja Pharma Industries SME IPO 13-Sep-2023 | ₹0 | ₹84.00 | ₹84 (0.00%) | View IPO |
| Ratnaveer Precision Engineering IPO 11-Sep-2023 | ₹52 | ₹98.00 | ₹150 (53.06%) | View IPO |
| Rishabh Instruments IPO 11-Sep-2023 | ₹61 | ₹441.00 | ₹502 (13.83%) | View IPO |
| Basilic Fly Studio SME IPO 11-Sep-2023 | ₹230 | ₹97.00 | ₹327 (237.11%) | View IPO |
| Mono Pharmacare SME IPO 7-Sep-2023 | ₹2 | ₹28.00 | ₹30 (7.14%) | View IPO |
| C P S SME IPO (CPS) 7-Sep-2023 | ₹135 | ₹185.00 | ₹320 (72.97%) | View IPO |
| Sahaj Fashions SME IPO (SAHAJ) 6-Sep-2023 | ₹3 | ₹30.00 | ₹33 (10.00%) | View IPO |
| Vishnu Prakash R IPO 5-Sep-2023 | ₹62 | ₹99.00 | ₹161 (62.63%) | View IPO |
| Aeroflex Industries IPO 31-Aug-2023 | ₹71 | ₹108.00 | ₹179 (65.74%) | View IPO |
| Sungarner Energies SME IPO (SEL) 31-Aug-2023 | ₹45 | ₹83.00 | ₹128 (54.22%) | View IPO |
| Crop Life Science SME IPO (CLSL) 30-Aug-2023 | ₹-7 | ₹52.00 | ₹45 (-13.46%) | View IPO |
| Bondada Engineering SME IPO 30-Aug-2023 | ₹60 | ₹75.00 | ₹135 (80.00%) | View IPO |
| Shoora Designs SME IPO 29-Aug-2023 | ₹12 | ₹48.00 | ₹60 (25.00%) | View IPO |
| Pyramid Technoplast IPO 29-Aug-2023 | ₹22 | ₹166.00 | ₹188 (13.25%) | View IPO |
| Shelter Pharma SME IPO 23-Aug-2023 | ₹0 | ₹42.00 | ₹42 (0.00%) | View IPO |
| TVS Supply Chain IPO 23-Aug-2023 | ₹3 | ₹197.00 | ₹200 (1.52%) | View IPO |
| Concord Biotech IPO 18-Aug-2023 | ₹122 | ₹741.00 | ₹863 (16.46%) | View IPO |
| Srivari Spices and SME IPO (SSFL) 18-Aug-2023 | ₹27 | ₹42.00 | ₹69 (64.29%) | View IPO |
| Yudiz Solutions SME IPO 17-Aug-2023 | ₹25 | ₹165.00 | ₹190 (15.15%) | View IPO |
| Sangani Hospitals SME IPO 17-Aug-2023 | ₹1 | ₹40.00 | ₹41 (2.50%) | View IPO |
| SBFC Finance IPO 16-Aug-2023 | ₹26 | ₹57.00 | ₹83 (45.61%) | View IPO |
| Oriana Power SME IPO 11-Aug-2023 | ₹115 | ₹118.00 | ₹233 (97.46%) | View IPO |
| Vinsys IT Services SME IPO 11-Aug-2023 | ₹60 | ₹128.00 | ₹188 (46.88%) | View IPO |
| Zeal Global Services SME IPO 9-Aug-2023 | ₹1 | ₹103.00 | ₹104 (0.97%) | View IPO |
| Yatharth Hospital IPO 7-Aug-2023 | ₹75 | ₹300.00 | ₹375 (25.00%) | View IPO |
| Khazanchi Jewellers SME IPO 7-Aug-2023 | ₹0 | ₹140.00 | ₹140 (0.00%) | View IPO |
| Shri Techtex SME IPO 4-Aug-2023 | ₹30 | ₹61.00 | ₹91 (49.18%) | View IPO |
| Innovatus Entertainment Networks 4-Aug-2023 | ₹5 | ₹50.00 | ₹55 (10.00%) | View IPO |
| Yasons Chemex Care SME IPO 3-Aug-2023 | ₹4 | ₹40.00 | ₹44 (10.00%) | View IPO |
| Netweb Technologies India IPO 27-Jul-2023 | ₹394 | ₹500.00 | ₹894 (78.80%) | View IPO |
| Service Care SME IPO 26-Jul-2023 | ₹4 | ₹67.00 | ₹71 (5.97%) | View IPO |
| Asarfi Hospital SME IPO 26-Jul-2023 | ₹37 | ₹52.00 | ₹89 (71.15%) | View IPO |
| Ahasolar Technologies SME IPO 21-Jul-2023 | ₹12 | ₹157.00 | ₹169 (7.64%) | View IPO |
| Utkarsh Small Finance Bank 12-14 Jul | ₹15 | ₹25 | 60% | View IPO |
| Netweb Technologies 17-19 Jul | ₹325 | ₹500 | 65% | View IPO |
| AccelerateBS India 6-11 Jul | ₹10 | ₹90 | 11% | View IPO |
| Drone Destination 7-13 Jul | ₹35 | ₹65 | 54% | View IPO |
| Kaka Industries 10-12 Jul | ₹50 | ₹58 | 86% | View IPO |
| Ahasolar Technologies 10-13 Jul | ₹15 | ₹157 | 10% | View IPO |
| Service Care 14-15 Jul | ₹10 | ₹67 | 15% | View IPO |
| Asarfi Hospital 17-19 Jul | ₹22 | ₹52 | 42% | View IPO |
| Tata Technologies | ₹100 | ₹- | -% | View IPO |
| Signatureglobal India | ₹– | ₹- | -% | View IPO |
| ESDS Software | ₹– | ₹- | -% | View IPO |
| CMR Green Technologies | ₹– | ₹- | -% | View IPO |
| Hexagon Nutrition | ₹– | ₹- | -% | View IPO |
| Cosmic CRF 14-21 Jun | ₹–1 | ₹314 | -0.32% | View IPO |
| Cell Point 15-20 Jun | ₹–1 | ₹100 | -1% | View IPO |
| Vilin Bio Med 16-21 Jun | ₹0 | ₹30 | 0% | View IPO |
| Aatmaj Hospital 19-21 Jun | ₹3.5 | ₹60 | 5.83% | View IPO |
| Veefin Solutions 22-26 Jun | ₹3 | ₹82 | 3.66% | View IPO |
| Greenchef Appliances 23-27 Jun | ₹40 | ₹87 | 45.98% | View IPO |
| Magson Retail 23-27 Jun | ₹–1 | ₹65 | -1.54% | View IPO |
| Essen Speciality 23-27 Jun | ₹53 | ₹107 | 49.53% | View IPO |
| Pentagon Rubber 26-30 Jun | ₹30 | ₹70 | 42.86% | View IPO |
| Global Pet Industries 29-3 Jul | ₹1 | ₹49 | 2.04% | View IPO |
| Synoptics Technologies 30-5 Jul | ₹21 | ₹237 | 8.86% | View IPO |
| Tridhya Tech 30-5 Jul | ₹13 | ₹42 | 30.95% | View IPO |
| Alphalogic Industries 3-6 Jul | ₹–7 | ₹96 | -7.29% | View IPO |
IPO Kostak & Subject to Sauda Rates
| IPO Name | Type | Kostak | Subject to Sauda | Application |
|---|---|---|---|---|
| Utkarsh Small Finance Bank | Mainline | ₹200 | ₹6000 | View IPO |
| Netweb Technologies | Mainline | ₹450 | ₹5500 | View IPO |
| AccelerateBS India | BSE SME | ₹- | ₹- | View IPO |
| Drone Destination | NSE SME | ₹- | ₹60000 | View IPO |
| Kaka Industries | BSE SME | ₹- | ₹70000 | View IPO |
| Ahasolar Technologies | BSE SME | ₹- | ₹15000 | View IPO |
| Service Care | NSE SME | ₹- | ₹- | View IPO |
| Asarfi Hospital | BSE SME | ₹- | ₹- | View IPO |
| Tata Technologies | Mainline | ₹1200 | ₹1500 | View IPO |
| Signatureglobal India | Mainline | ₹- | ₹- | View IPO |
| ESDS Software | Mainline | ₹- | ₹- | View IPO |
| CMR Green Technologies | Mainline | ₹- | ₹- | View IPO |
| Hexagon Nutrition | Mainline | ₹- | ₹- | View IPO |
| Pentagon Rubber | NSE SME | ₹- | ₹35000 | View IPO |
| Global Pet Industries | NSE SME | ₹- | ₹- | View IPO |
| Synoptics Technologies | NSE SME | ₹- | ₹- | View IPO |
| Tridhya Tech | NSE SME | ₹- | ₹- | View IPO |
| Alphalogic Industries | BSE SME | ₹- | ₹- | View IPO |
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 in 2021 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.
Past IPO Grey Market Premium of IPO 2022-2023:
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.