IPO GMP Today – Latest Grey Market Premium for Mainboard & SME IPOs
Check the latest IPO GMP today for active and upcoming Mainboard and SME IPOs. Compare current Grey Market Premium, issue price, estimated listing price, GMP percentage, subscription status and recent GMP trends. IPO GMP is an unofficial market indicator and does not guarantee listing gains.
What is IPO GMP?
IPO GMP, or Grey Market Premium, is the unofficial premium or discount at which an IPO share is reportedly traded before its stock exchange listing. A positive GMP may indicate stronger demand, while a negative GMP may indicate weaker market sentiment. The actual listing price can still differ from the GMP-based estimate.
How to Read the IPO GMP Table
Use the IPO GMP table to compare current grey market sentiment across active and upcoming IPOs.
- Current GMP: The latest available premium or discount reported for an IPO.
- GMP Percentage: Current GMP as a percentage of the upper issue price.
- Estimated Listing Price: Upper issue price plus the current GMP.
- Subscription Status: Overall IPO demand across investor categories.
- GMP Trend: Indicates whether the premium is rising, falling or unchanged.
- Last Updated: Shows when the IPO GMP value was most recently refreshed.
How to Use IPO GMP Before Applying
- Compare the current GMP with the IPO's upper issue price.
- Check whether the GMP trend is rising or falling.
- Review retail, NII and QIB subscription demand.
- Compare the IPO valuation and financial performance with listed peers.
- Read the official offer document and risk factors before applying.
IPO GMP, Kostak Rate and Subject to Sauda
GMP, Kostak Rate and Subject to Sauda are different indicators used in the unofficial IPO market.
- IPO GMP: The reported premium or discount attached to an IPO share.
- Kostak Rate: The reported price for selling an IPO application.
- Subject to Sauda: A transaction that becomes payable only if shares are allotted.
How Estimated Listing Price is Calculated
StockeZee calculates an indicative listing price and gain percentage using the upper end of the IPO price band and the latest available GMP.
- Estimated Listing Price = Upper Issue Price + Current GMP
- Estimated Listing Gain % = Current GMP ÷ Upper Issue Price × 100
- Example: If the issue price is ₹200 and GMP is ₹40, the estimated listing price is ₹240 and the indicative gain is 20%.
Important Limitations of IPO GMP
- IPO GMP is unofficial and may differ across market sources.
- A positive GMP does not guarantee that an IPO will list at a premium.
- GMP can change quickly because of subscription demand and market conditions.
- SME IPO GMP may be more volatile because of lower liquidity.
- Investment decisions should not be based only on IPO GMP.
Track the latest Mainboard and SME IPO GMP, subscription status and estimated listing prices on StockeZee.