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IPO GMP today — live grey market premium
What India's grey market is quoting right now for every open and upcoming mainboard and SME IPO, alongside the issue price and the listing price that premium implies. Read the note below before you use any of it.
About these numbers
The grey market is an unofficial, unregulated market that operates outside NSE and BSE. Grey market premium is simply what dealers are quoting there before an IPO lists — it is not a price set by an exchange, it is not verified by anyone, and it can move sharply within a single day.
SEBI has cautioned investors against relying on grey market prices. Figures here are reproduced from a public source as a sentiment indicator only. They are not a listing price forecast, not a recommendation, and not investment advice. ALFA Finder is not a SEBI-registered investment adviser. Read the company's prospectus and decide for yourself.
Open now
| IPO | Type | GMP | Issue price (₹) | Implied listing (₹) | Subscription | Offer window | Listing date |
|---|---|---|---|---|---|---|---|
| Injecto Polymers | SME | ₹0 · flat | ₹100 | ₹100 | — | – | |
| Century Business Media | SME | ₹0 · flat | ₹74 | ₹74 | — | – | |
| Manika Plastech | IPO | +₹20 (30.23%) today 13 to 20 | ₹43 | ₹63 | — | – | |
| Maharaja & Speedex India | SME | +₹30 (16.13%) today 15 to 30 | ₹186 | ₹216 | 0.29x | – | |
| Om Galaxy | SME | ₹0 · flat | ₹90 | ₹90 | 0.62x | – | |
| Veegaland Developers | IPO | +₹33 (17.14%) today 18 to 33 | ₹140 | ₹173 | 0.67x | – | |
| Panchatv Bharat | SME | +₹7 (5.00%) | ₹140 | ₹147 | 0.01x | – | |
| Raksan Transformers | SME | +₹28 (10.26%) today 25 to 28 | ₹273 | ₹301 | 0.49x | – | |
| LCC Projects | IPO | +₹51 (34.93%) today 17 to 51 | ₹146 | ₹197 | 3.93x | – | |
| Karamtara Engineering | IPO | +₹75 (27.17%) today 40 to 75 | ₹254 | ₹329 | 3.8x | – | |
| Amtech Esters | SME | +₹11 (14.67%) today 5 to 11 | ₹75 | ₹86 | 2.82x | – | |
| Asset Reconstruction | IPO | +₹30 (10.07%) today 14 to 30 | ₹139 | ₹169 | 0.87x | – | |
| Manipal Payment and Identity Solutions | IPO | +₹38 (1.18%) today 4 to 38 | ₹339 | ₹377 | 0.31x | – | |
| Vinod Texworld | SME | +₹20 (15.96%) today 4 to 20 | ₹94 | ₹114 | 0.59x | – | |
| Steamhouse | IPO | +₹23 (28.40%) today 18 to 23 | ₹81 | ₹104 | 2.32x | – | |
| Infrax Renewable | SME | ₹0 · flat | ₹104 | ₹104 | 0.21x | – | |
| Rentomojo | IPO | +₹155 (33.42%) today 79 to 155 | ₹404 | ₹559 | 4.71x | – |
Upcoming
| IPO | Type | GMP | Issue price (₹) | Implied listing (₹) | Subscription | Offer window | Listing date |
|---|---|---|---|---|---|---|---|
| Axiom Gas Engineering | SME | ₹0 · flat | ₹53 | ₹53 | — | – | |
| NSE | IPO | +₹310 (10.76%) today 192 to 310 | ₹1785 | ₹2095 | — | — | |
| Kheria Autocomp | SME | ₹0 · flat | ₹101 | ₹101 | — | – | |
| Sonaselection India | IPO | ₹0 · flat | ₹99 | ₹99 | — | – | |
| Jindal Supreme | IPO | +₹19 (20.43%) today 11 to 19 | ₹93 | ₹112 | — | – | |
| SS Retail | IPO | +₹30 (7.08%) | ₹424 | ₹454 | — | – | |
| Shakti Polytarp | SME | ₹0 · flat | ₹59 | ₹59 | — | – | |
| Quanto Agroworld | SME | ₹0 · flat | ₹67 | ₹67 | — | – |
Recently closed and listed
| IPO | Type | GMP | Issue price (₹) | Implied listing (₹) | Subscription | Offer window | Listing date |
|---|---|---|---|---|---|---|---|
| Hero Motors | IPO | +₹8 (9.52%) | ₹84 | ₹92 | — | — | — |
| Vama Wovenfab | SME | ₹0 · flat | ₹341 | ₹341 | — | — | — |
| Kanohar Electricals | IPO | +₹240 (37.97%) today 190 to 240 | ₹632 | ₹872 | 90.59x | – | |
| Glass Wall Systems | IPO | +₹66 (24.73%) today 20 to 66 | ₹182 | ₹248 | 81.65x | – | |
| Prasol Chemicals | IPO | +₹165 today 0 to 165 | ₹676 | ₹841 | 3.47x | – | |
| Pranav Constructions | IPO | +₹48.50 (39.11%) today 23 to 48.50 | ₹124 | ₹172.50 | 126.34x | – | |
| Apana Logistics | SME | +₹10 today 0 to 10 | ₹60 | ₹70 | 1.26x | – | |
| Qualiance International | SME | +₹81 (63.78%) today 50 to 81 | ₹127 | ₹208 | 459.22x | – |
What is GMP in an IPO?
GMP stands for grey market premium. It is the amount over the issue price that dealers in India's unofficial grey market are quoting for an IPO's shares before it lists on NSE or BSE. If the issue price is ₹140 and the GMP is ₹22, the grey market is pricing the stock at roughly ₹162 on listing day — the "implied listing" column above.
Is the IPO grey market legal in India?
It is not illegal, but it is entirely unregulated. It runs on trust between dealers, outside the exchanges, with no clearing house, no settlement guarantee and no regulator. SEBI does not recognise grey market prices and has cautioned investors against relying on them. Nothing quoted here can be enforced anywhere.
How accurate is GMP at predicting listing gains?
It is a sentiment reading, not a forecast. GMP is set by a thin market with very few participants, it can be moved deliberately, and it often swings sharply in the final days before listing. Issues have listed well below a strong GMP and well above a flat one. Treat it as one weak signal among many, and read the prospectus.
How often is this updated?
Every 30 minutes through the day. The timestamp above the tables is the last pull. IPO dates, price bands and issue sizes come from the full IPO list, which refreshes daily. Once a company lists, its exchange filings start appearing in the announcement categories like any other listed company.
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