IPO GMP Today, Live IPO Grey Market Premium Price

Stay updated with the Live IPO GMP Today (Grey Market Premium) for the latest upcoming and current IPOs. Track the live IPO GMP of popular public issues, including Lohia Corp IPO,Xtranet Technologies IPO,Indo-MIM IPO,Shree Balaji (Mala) Textiles IPO,Gulf Lloyds (India) IPO,Caliber Mining IPO,Sotefin Bharat IPO,Millworks Technologies IPO,SBI Funds Management IPO,Alpine Texworld IPO, and many more.

IPO GMP (Grey Market Premium) is an unofficial indicator that helps investors estimate the potential listing price and expected listing gains of an IPO before it is listed on the stock exchange. The Live IPO Grey Market Premium changes frequently based on market sentiment, investor demand, subscription levels, and overall market conditions.

Silverstorm Parks & Resorts IPO NSE
24 July - 28 July 2026
SME
IPO Price ₹133
GMP ₹0
GMP % 0.00%
Est. Listing Price ₹133
Lohia Corp IPO BSE,NSE
23 July - 27 July 2026
Mainboard
IPO Price ₹425
GMP ₹56
GMP % +13.18%
Est. Listing Price ₹481
Xtranet Technologies IPO BSE,NSE
23 July - 27 July 2026
Mainboard
IPO Price ₹127
GMP ₹26
GMP % +20.47%
Est. Listing Price ₹153
Indo-MIM IPO BSE,NSE
23 July - 27 July 2026
Mainboard
IPO Price ₹485
GMP ₹195
GMP % +40.21%
Est. Listing Price ₹680
Shree Balaji (Mala) Textiles IPO BSE
22 July - 24 July 2026
SME
IPO Price ₹70
GMP ₹13
GMP % +18.57%
Est. Listing Price ₹83
Metalic Technoforge IPO NSE
21 July - 23 July 2026
SME
IPO Price ₹77
GMP ₹0
GMP % 0.00%
Est. Listing Price ₹77
Gulf Lloyds (India) IPO BSE
20 July - 22 July 2026
SME
IPO Price ₹100
GMP ₹10
GMP % +10.00%
Est. Listing Price ₹110
Caliber Mining IPO BSE,NSE
17 July - 21 July 2026
Mainboard
IPO Price ₹424
GMP ₹94
GMP % +22.17%
Est. Listing Price ₹518
Sotefin Bharat IPO BSE
16 July - 20 July 2026
SME
IPO Price ₹187
GMP ₹1
GMP % +0.53%
Est. Listing Price ₹188
Millworks Technologies IPO BSE
14 July - 16 July 2026
SME
IPO Price ₹331
GMP ₹395
GMP % +119.34%
Est. Listing Price ₹726
SBI Funds Management IPO BSE,NSE
14 July - 16 July 2026
Mainboard
IPO Price ₹574
GMP ₹95
GMP % +16.55%
Est. Listing Price ₹669
Alpine Texworld IPO BSE,NSE
14 July - 16 July 2026
Mainboard
IPO Price ₹105
GMP ₹1
GMP % +0.95%
Est. Listing Price ₹106
Total: 12

Disclaimer: IPO GMP is an unofficial market indicator and should not be considered investment advice. Grey market prices can change rapidly and do not guarantee the actual listing price or listing gains. Investors should evaluate IPO fundamentals, subscription data, financials, and market conditions before making any investment decision.

Learn More About IPO Grey Market

Learn how IPO shares are traded in the grey market, how Grey Market Premium (GMP) is calculated, and important points investors should know before relying on GMP.

What is Grey Market Premium (GMP) in IPO?

Grey Market Premium (GMP) is the extra amount that investors are willing to pay for an IPO share in the unofficial grey market before the stock is listed on a recognized stock exchange. It represents the premium over the IPO issue price and is widely used to estimate the expected listing price of a stock.

The IPO GMP reflects investor sentiment and market demand for a public issue. When demand for an IPO is high, the grey market premium usually rises, indicating that investors expect the stock to list at a price higher than its issue price. Conversely, a low or negative GMP may suggest weaker demand and lower listing expectations.

Note: The grey market premium of an IPO depends on its demand.

A high IPO premium indicates that investors are bullish on the company and expect the share price to rise when the company lists on the stock exchange. A low GMP of IPO indicates that investors are bearish on the company and expect the share price to fall when it lists. The demand will lead to a positive or negative listing of the respective IPO.

What is the Grey Market In An IPO?

A Grey Market, also called a parallel market, is an unofficial stock and applications market.

In this market, the investors trade for shares or applications before the shares are officially launched for trading on the stock exchange. Trading in grey market stocks in India is done in cash and in person.

No third-party firms, such as Stock Exchanges or SEBI back this transaction. Kostak and Grey Market Premium are the two well-known terms in the Initial Public Offering (IPO) Grey Market.

What is Grey Market Stock?

A grey market stock refers to shares that are bought and sold unofficially before they are officially listed on a stock exchange, usually before an Initial Public Offering (IPO). These transactions take place outside regulated exchanges and are based on mutual trust between buyers and sellers.

The grey market is commonly used by investors and traders to estimate the potential demand and listing price of an upcoming IPO. The prices traded in this market often reflect market sentiment and can indicate how a stock may perform once it is officially listed.

However, grey market trading is informal and carries higher risk because it operates without regulatory oversight. Trades cannot be officially settled until the company's shares are listed on the stock exchange. Grey market prices are influenced by factors such as investor demand, IPO subscription levels, and overall market sentiment.

How Does Grey Market Premium Work?

Before an IPO is officially listed, buyers and sellers trade shares informally in the grey market. Investors who expect strong listing gains are often willing to pay more than the IPO issue price. This additional amount is known as the Grey Market Premium (GMP).

For example, if an IPO has an issue price of ₹200 and its GMP is ₹60, the estimated listing price would be:

Estimated Listing Price = Issue Price + GMP
₹200 + ₹60 = ₹260

This means investors expect the stock to list at around ₹260, although the actual listing price may be higher or lower.

Why Is GMP Important?

Grey Market Premium is considered an important indicator because it helps investors understand the market's expectations before an IPO is listed. It provides insights into:

  • Expected IPO listing price
  • Investor demand and market sentiment
  • Potential listing gains
  • Overall interest in the public issue

However, GMP should be used only as a reference and not as the sole basis for investment decisions.

Does GMP Guarantee IPO Listing Gains?

No. Grey Market Premium does not guarantee the actual listing price or profits. Since grey market trading is unofficial and unregulated, GMP is driven by market sentiment, demand, and speculation. The final listing price depends on several factors, including:

  • IPO subscription levels
  • Overall stock market conditions
  • Company fundamentals and financial performance
  • Institutional investor demand
  • Market volatility

Therefore, while GMP can provide an early indication of listing expectations, investors should also evaluate the company's fundamentals, valuation, and growth prospects before investing in an IPO.

How are IPO Shares Traded in the Grey Market?

  • Investors first apply for shares through the IPO. These applicants are considered sellers because they may later sell their allotted shares.
  • Buyers who expect the IPO to list at a premium decide to purchase these shares before listing.
  • Buyers place their orders through a grey market dealer at an agreed Grey Market Premium (GMP).
  • The dealer contacts IPO applicants willing to sell their allotted shares.
  • Sellers who want to avoid listing risk can agree to sell their IPO shares for a fixed premium.
  • After confirming the transaction, the dealer notifies the buyer.
  • If shares are allotted to the seller, they either transfer the shares to the buyer's Demat account or settle the agreed transaction.
  • If no shares are allotted, the transaction is automatically cancelled.

How to Calculate Grey Market Premium (GMP)?

1. Basic Formula

GMP = Grey Market Price − IPO Upper Price Band

Example: IPO price ₹100, Grey Market Price ₹130

GMP = ₹130 − ₹100 = ₹30

2. Expected Listing Gain (%)

GMP % = (GMP ÷ IPO Price) × 100

Example:

(₹30 ÷ ₹100) × 100 = 30%

3. Expected Listing Price

Expected Listing Price = IPO Price + GMP
₹100 + ₹30 = ₹130

4. Negative GMP

A negative GMP indicates that the IPO may list below its issue price.

Grey Market Price ₹90 − IPO Price ₹100 = GMP of −₹10

5. Tracking GMP Changes

  • Increasing GMP generally indicates improving investor sentiment.
  • Decreasing GMP suggests weakening market enthusiasm.

6. Compare with IPO Subscription

  • High Subscription + High GMP = Strong listing expectations.
  • Low Subscription + High GMP = May indicate speculative trading.

7. Consider Overall Market Conditions

  • Bull markets generally support higher GMPs.
  • Bear markets often reduce GMP even for fundamentally strong companies.

Types of Trading in the Grey Market

1. IPO Share Trading

Buying or selling IPO shares after allotment but before the shares are officially listed on the stock exchange.

2. IPO Application Trading

Buying or selling an IPO application itself at an agreed premium before allotment.

IPO GMP Disclaimer

  • Grey Market Premium (GMP) is provided only for informational purposes.
  • We do not participate in or facilitate grey market trading.
  • Do not make IPO investment decisions solely based on GMP.
  • Always evaluate the company's financials, promoters, valuation, and business model.
  • Grey market prices mainly reflect IPO demand and subscription levels.
  • GMP values are speculative and can change rapidly before listing.
  • Stock market investments are subject to market risks. Invest carefully and make informed decisions.

Frequently Asked Questions

Everything you need to know about IPO GMP (Grey Market Premium).

What is IPO GMP?

IPO GMP (Grey Market Premium) is the extra amount that investors are willing to pay for an IPO share in the unofficial grey market before it is listed on the stock exchange. It is used to estimate the expected IPO listing price but does not guarantee listing gains.

What is the Grey Market in an IPO?

The grey market is an unofficial market where IPO shares are bought and sold before they are officially listed on the NSE or BSE. It operates outside the stock exchange system and is not regulated by SEBI.

What is IPO GMP Today?

IPO GMP Today refers to the latest Grey Market Premium of an IPO. Since investor demand and market sentiment change daily, the GMP is updated regularly until the IPO listing date.

How is IPO GMP calculated?

The expected IPO listing price is calculated using the formula: Expected Listing Price = IPO Issue Price + Grey Market Premium (GMP). Example: IPO Issue Price = ₹200, GMP = ₹50, Expected Listing Price = ₹250. Keep in mind that this is only an estimate and the actual listing price may be higher or lower.

Does a high IPO GMP guarantee listing gains?

No. A high IPO GMP indicates strong investor demand and positive market sentiment, but it does not guarantee that the IPO will list at a premium or generate profits.

Is it safe to invest in an IPO based only on GMP?

No. You should never invest in an IPO solely based on Grey Market Premium. Always evaluate the company’s financial performance, business model, valuation, promoter background, growth potential, and IPO subscription before making an investment decision.

Why does IPO GMP change every day?

IPO GMP changes daily because of changes in market demand and investor sentiment. Common reasons include IPO subscription status, overall stock market conditions, company-related news, institutional and HNI demand, and buying and selling activity in the grey market.

Is IPO Grey Market Trading legal in India?

Grey market trading in India is unofficial and takes place outside recognized stock exchanges. It is not regulated by SEBI, so investors should understand the risks before participating. IPO Master does not facilitate or encourage grey market trading. We only report GMP data for informational purposes.

Does SEBI regulate IPO GMP?

No. SEBI does not regulate IPO GMP or grey market trading. Grey Market Premium is based on private transactions between buyers and sellers before an IPO is officially listed.

What factors affect IPO GMP?

Several factors influence IPO Grey Market Premium, including investor demand, IPO subscription levels, company financial performance, IPO valuation, overall market sentiment, industry outlook, and institutional investor participation.

What is Kostak Rate in the Grey Market?

The Kostak Rate is a fixed premium paid for an IPO application in the grey market. The buyer pays the agreed amount regardless of whether the IPO lists at a premium or discount.

What is Subject to Sauda (STS)?

Subject to Sauda (STS) is a grey market agreement where the transaction is completed only if the seller receives an IPO allotment. If no shares are allotted, the deal is automatically cancelled.

Should I apply for an IPO only because GMP is high?

No. A high IPO GMP should never be the only reason to apply for an IPO. Always consider the company’s financials, valuation, business model, promoter history, risk factors, and IPO subscription data before investing.

Where can I check Live IPO GMP today?

You can check Live IPO GMP Today on trusted IPO websites that regularly update Grey Market Premium, IPO subscription status, allotment status, expected listing price, and other IPO-related information.

What is the expected IPO listing price?

The expected IPO listing price is estimated using the current Grey Market Premium. Formula: Expected Listing Price = IPO Issue Price + IPO GMP. For example, if the IPO issue price is ₹300 and the GMP is ₹80, the estimated listing price would be ₹380. However, the actual listing price may vary depending on market conditions.

Does IPO GMP affect IPO allotment?

No. IPO GMP has no impact on IPO allotment. IPO allotment is decided by the registrar based on subscription rules and SEBI guidelines, not by the Grey Market Premium.

Who Should You Contact to Trade in the Grey Market?

As it is not an official market, trading in the grey market is often carried out over phone calls. There are no official registered persons or traders for grey market trading. An investor willing to trade in the grey market needs to find a local dealer who will help find buyers and sellers.