Live IPO GMP (Grey Market Premium) Today

Real-time Grey Market Premium for all upcoming and ongoing Mainboard and SME IPOs. Click the trend icon next to any IPO to view its historical GMP momentum chart.

Live Data: Active GMPs
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Live GMP Table

List of ongoing and upcoming Mainboard and SME IPOs with their issue prices, live Grey Market Premium (GMP) values, expected listing gain percentages, and links to view historical GMP trend charts.
Company GMP (Grey Market Premium and expected listing gain %) Trend (Historical GMP chart)
Liotech IPO
SME ₹321
₹0 0.00%
Horizon Reclaim IPO
SME ₹98 - ₹103
₹0 0.00%
-
Susan Electricals IPO
SME ₹120 - ₹127
₹51 40.16%
Utkal Speciality IPO
SME ₹62 - ₹66
₹11 16.67%
Genxai IPO
SME ₹110 - ₹116
₹2 1.72%
Hexagon Nutrition IPO
Mainboard ₹42 - ₹45
₹3 6.67%
Vahh Chemicals IPO
SME ₹60
₹5 8.33%
Uhm Vacation IPO
SME ₹157 - ₹166
₹0 0.00%

What is IPO GMP (Grey Market Premium)?

Understanding the unofficial pre-listing market

GMP Definition

Grey Market Premium is the unofficial price at which IPO shares trade before listing on NSE/BSE. It represents how much above the issue price buyers are willing to pay in the informal market.

Listing Price Formula

Expected Listing Price = Issue Price + GMP

Listing Gain % = (GMP ÷ Issue Price) × 100

Example: ₹200 issue price + ₹60 GMP = ₹260 expected listing price at 30% listing gain.

Disclaimer

GMP is not regulated by SEBI and operates outside the formal market. It is an informal sentiment indicator only. Actual listing prices can differ significantly. Do not make investment decisions based on GMP alone.

Frequently Asked Questions (FAQs)

IPO Grey Market Premium (GMP) – Common Queries

What is IPO GMP (Grey Market Premium)?
IPO GMP or Grey Market Premium is the unofficial premium at which IPO shares are traded in the grey market before their official listing on stock exchanges like NSE and BSE. It is expressed as the rupee amount above the IPO issue price. For example, if an IPO is priced at ₹100 and GMP is ₹40, the expected listing price is ₹140. GMP is not regulated by SEBI and is purely an informal indicator of market demand.
Is IPO GMP reliable for predicting listing price?
IPO GMP gives a rough indication of listing day sentiment but is not always reliable. It can be highly volatile, especially in the last 2–3 days before listing. GMP tends to be more accurate for heavily oversubscribed IPOs with strong institutional participation. Investors should not rely solely on GMP for investment decisions, as actual listing prices can differ significantly.
How is expected listing price calculated from GMP?
Expected Listing Price = IPO Issue Price + GMP. For example, if the IPO issue price is ₹200 and GMP is ₹60, the expected listing price is ₹260. The listing gain percentage is calculated as (GMP / Issue Price) × 100. So a ₹60 GMP on a ₹200 issue price gives a 30% expected listing gain.
Why does IPO GMP change every day?
IPO GMP fluctuates daily based on several factors: overall market conditions, IPO subscription numbers (especially QIB and HNI demand), company fundamentals, recent IPO listing performance trends, and speculative grey market activity. GMP typically rises as subscription numbers increase and falls if market sentiment turns negative.
What does negative GMP mean in an IPO?
A negative GMP means grey market traders expect the IPO to list below its issue price. This could indicate weak demand, poor subscription numbers, or unfavorable market conditions. A negative GMP is a warning signal, though the actual listing price can still differ from grey market expectations.
Is grey market trading in IPOs legal in India?
Grey market trading in IPOs is not regulated or recognized by SEBI and is entirely unofficial. It operates outside the formal stock exchange system. While it is widely tracked as a sentiment indicator, SEBI has issued advisories against grey market participation. IPO360 tracks and displays GMP purely as an informational data point and does not facilitate any grey market transactions.
What is the difference between GMP and Kostak Rate?
GMP (Grey Market Premium) is the unofficial premium for IPO shares above the issue price, indicating expected listing gains. Kostak Rate is the fixed price at which an IPO application is sold in the grey market — irrespective of allotment. GMP reflects share-level sentiment, while Kostak reflects application-level premium for sellers who want guaranteed income regardless of allotment outcome.

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