IPO GMP Today
Live Grey Market Premium alongside our AI-predicted listing gain and the rupee impact on a single lot. Click any row to see the GMP trend.
About GMP & AI Prediction
GMP is an unofficial grey-market signal; the AI prediction is a model estimate of listing-day gains based on subscription velocity, peers and fundamentals. Neither is guaranteed. Use both alongside the full IPO analysis before investing.
| IPO | GMP | AI Pred. % | Gain / Lot | Price Band | |
|---|---|---|---|---|---|
Mainboard | Lot: 281 | +29.2% Rs 15.5 | +28.1% | +Rs 4,356 | Rs 50 - 53 | |
Mainboard | Lot: 94 | +9.4% Rs 15 | +6.9% | +Rs 1,410 | Rs 151 - 159 | |
Mainboard | Lot: 70 | +11.3% Rs 24 | +9.4% | +Rs 1,680 | Rs 200 - 212 | |
Mainboard | Lot: 18 | +15.2% Rs 122.33 | +19.2% | +Rs 2,202 | Rs 768 - 807 | |
Mainboard | Lot: 17 | +29.7% Rs 259 | +24.1% | +Rs 4,403 | Rs 829 - 871 | |
Mainboard | Lot: 107 | +18.9% Rs 26.5 | +18.7% | +Rs 2,836 | Rs 133 - 140 | |
Mainboard | Lot: 52 | +9.1% Rs 26 | +8.9% | +Rs 1,352 | Rs 271 - 285 | |
Mainboard | Lot: 154 | +24.7% Rs 24 | +19.9% | +Rs 3,696 | Rs 92 - 97 | |
Aegeus TechnologiesSME IPO BSE SME | Lot: 2,400 | +19.0% Rs 20 | +15.9% | +Rs 48,000 | Rs 100 - 105 | |
LAPL AutomotiveSME IPO BSE SME | Lot: 2,400 | +37.6% Rs 35.33 | +19.8% | +Rs 84,792 | Rs 88 - 94 | |
G.V. ElectricalsSME IPO BSE SME | Lot: 2,000 | +20.0% Rs 26 | +18.8% | +Rs 52,000 | Rs 123 - 130 | |
Optimystix EntertainmentSME IPO NSE SME | Lot: 1,600 | +2.9% Rs 5 | 0.0% | +Rs 8,000 | Rs 166 - 175 |
What is IPO GMP (Grey Market Premium)?
Understanding GMP
Grey Market Premium (GMP) is the unofficial price at which IPO shares trade before official listing on the stock exchange. It reflects market sentiment about an IPO's expected listing performance.
→ Learn more about GMPHow GMP Predicts Listings
A positive GMP indicates investor optimism about listing gains. Higher GMP typically correlates with stronger initial stock performance, though it's not guaranteed.
→ How is GMP calculated?How we compute 1-lot gains
- GMP Gain / Lot = GMP x Lot Size. Reflects the current grey-market premium translated into a rupee amount for one HNI/Retail lot.
- AI Gain / Lot = Upper Price x AI Predicted % x Lot Size / 100. Uses our model output rather than grey market.
Reading AI vs GMP
- When AI and GMP agree, confidence in a positive/negative listing is typically higher.
- When they disagree, read the full analysis on the IPO page - subscription pattern often explains the gap.
Key Factors Influencing IPO GMP
Demand & Supply
The ratio of shares available and investor interest directly impacts GMP levels.
Market Conditions
Overall sentiment, sector performance, and economic factors influence investor appetite.
Company Fundamentals
Strong financials, growth prospects, and management quality positively affect GMP.
Understanding IPO Basics for GMP Analysis
How to Interpret GMP Values
Positive GMP
Market expects listing gains. Strong investor demand, oversubscription likely.
Zero/Near-Zero GMP
Market expects listing at or near the issue price. Neutral sentiment.
Negative GMP
Market expects listing losses. Weak demand, potential discounting on debut.
How is IPO GMP Calculated?
IPO GMP calculation is straightforward and based on the relationship between the issue price and the grey market price:
Estimated Listing Price = IPO Issue Price + GMP
Important: This estimated price is only based on grey market activity and may differ significantly from the actual listing price, which depends on multiple market factors and institutional demand.
Does IPO GMP Predict the Listing Price?
Not always. While IPO GMP has historically been a useful indicator of market sentiment, it is not a guarantee of the final listing price.
May List Higher
Many IPOs with high GMP have listed below expectations, surprising investors with losses.
May List Lower
Some IPOs with low or zero GMP have delivered strong listing gains, outperforming expectations.
Factors affecting actual listing price:
- •Institutional investor demand and QIB participation
- •HNI and Retail subscription levels
- •Overall stock market conditions on listing day
- •Company fundamentals and growth prospects
- •Global market sentiment and economic factors
Understanding Seller Only & Buyer Only in Grey Market
Seller Only
Seller Only means there are only sellers available in the grey market, but no buyers are willing to purchase IPO shares or applications. This reflects weak investor sentiment and low demand for the IPO.
Common causes:
- • Low IPO subscription during bidding
- • Negative market sentiment
- • Weak company fundamentals
- • Bearish stock market conditions
When this happens, the IPO may list at or below its issue price, though this is not guaranteed.
Buyer Only
Buyer Only means there are buyers willing to purchase IPO shares or applications, but no sellers are available in the grey market. This usually indicates very strong demand and positive investor sentiment.
Common causes:
- • Investors expect strong listing gains
- • IPO subscription is very high
- • QIB and HNI demand is strong
- • Company has attractive fundamentals
- • Bullish market sentiment
Note: Buyer Only is a positive indicator but does not guarantee listing gains. Actual listing depends on market conditions on listing day.
Important Grey Market Terms to Know
What is Kostak Rate?
Kostak Rate is the premium paid for an IPO application regardless of whether shares are allotted. The buyer purchases the IPO application itself at a fixed price before the allotment result is announced. This transfers the entire risk to the buyer.
What is Subject to Sauda (Sub2 or SS)?
Subject to Sauda (Sub2) is the premium paid only if the IPO application receives an allotment. If no shares are allotted, no payment is made. This method transfers the risk only after allotment results and is commonly used in the IPO grey market.
Key Facts About Grey Market
- •IPO Grey Market is an unofficial over-the-counter (OTC) market
- •Grey market transactions are NOT regulated by SEBI, NSE, or BSE
- •IPO GMP changes continuously based on demand and supply
- •Grey market deals are generally based on mutual trust between participants
- •GMP is only a sentiment indicator and does not guarantee listing gains
Why Do Investors Track IPO GMP Today?
Investors follow IPO GMP because it provides an early indication of market expectations regarding an IPO's listing performance.
Benefits
- ✓Estimate possible listing gains
- ✓Understand market sentiment
- ✓Compare multiple upcoming IPOs
- ✓Evaluate investor demand
Important Caveat
GMP should never replace detailed fundamental analysis.
Always combine GMP data with company research, valuation analysis, and sector outlook for investment decisions.
Should You Invest Based Only on GMP?
No. GMP should be only one factor among several in your IPO investment decision. The best investment decisions combine multiple indicators:
Fundamental Factors
- • Company financials
- • Revenue & profitability
- • Business model strength
- • Management quality
Market Factors
- • Valuation & price bands
- • Industry outlook
- • IPO subscription data
- • Risk factors & concerns
Expand Your IPO Knowledge
Frequently Asked Questions About GMP
Everything you need to know about grey market premium and how it relates to IPO listings.
What is GMP (Grey Market Premium)?
GMP is the unofficial premium at which IPO shares are traded in the grey market (unregulated secondary market) before the official stock exchange listing. A positive GMP indicates market optimism about the listing price being higher than the upper price band.
What does a high GMP mean?
A high GMP typically suggests strong market demand and positive investor sentiment. It often (but not always) correlates with stronger listing gains. However, GMP can be volatile and is not a guarantee of listing performance.
Can GMP predict listing gains?
GMP is a market signal but not a perfect predictor. While high GMPs often lead to positive listings, past performance does not guarantee future results. IPOGyani provides AI-predicted listing gains alongside GMP for a more comprehensive view. Studies show GMP has about 70-80% accuracy in predicting listing direction.
How frequently is GMP updated?
GMP data on IPOGyani is updated every 5 minutes during bidding periods (typically 9 AM - 5 PM IST). The refresh frequency may vary based on market trading activity and subscription patterns.
Is GMP the same as listing gain?
No. GMP is the premium at which shares trade before listing in the grey market, while listing gain is the actual percentage increase (or decrease) from the upper price band on the official listing day. GMP is unofficial sentiment; listing gain is actual market performance.
Can GMP be negative?
Yes. A negative GMP means shares are trading below the upper price band in the grey market, indicating potential weakness or pessimism about the listing. However, even IPOs with negative GMP sometimes list with gains due to market conditions.
What factors influence IPO GMP?
Several factors influence GMP: subscription numbers during bidding, sector performance, overall market conditions, company fundamentals and growth prospects, institutional investor interest, and peer company valuations. Strong subscription and positive market sentiment typically result in higher GMP.
What is Kostak Rate in IPO grey market?
The Kostak rate is the fixed price at which IPO applications are traded in the grey market before allotment or listing. It represents a locked-in profit/loss for the seller. Once agreed, the buyer pays the Kostak rate regardless of actual allotment or listing performance.
Should I invest based only on GMP?
No. GMP should be one of several factors in your IPO investment decision. Always analyze the company's fundamentals, financial health, business model, industry growth prospects, and peer comparisons. GMP reflects market sentiment but not the full investment picture.
How do SME IPO GMPs differ from mainboard?
SME IPO GMPs tend to be more volatile and less reliable than mainboard GMPs due to lower liquidity in the grey market. SME IPOs also have smaller lot sizes and different investor demographics. Always cross-check SME IPO fundamentals more thoroughly than mainboard IPOs.