Grey Market Data — Unofficial & Unregulated
GMP data is sourced from grey market communities. It is NOT regulated by SEBI, NSE, or BSE and may be inaccurate or manipulated. Use only as a sentiment indicator alongside official subscription data. Not investment advice.
IPO GMP Today — Grey Market Premium
Community-sourced grey market premium for live and upcoming IPOs. Always cross-reference with official subscription data before applying.
| IPO Name | Status | Issue Price | GMP | Est. Listing | Est. Gain | Subscription |
|---|---|---|---|---|---|---|
| Orient Cables MAINBOARD · Cables | live | ₹272 | +₹80 | ₹352 | +29.4% | 5.51× |
| Roopa Screen SME · Capital Goods-Non Electrical Equipment | live | ₹28 | +₹38 | ₹66 | +135.7% | 95.1× |
| SRIT India MAINBOARD · IT - Software | live | ₹30 | +₹34 | ₹64 | +113.3% | 0.53× |
| German Green Steel and Power (GTMT) MAINBOARD · Steel | live | ₹139 | +₹27.5 | ₹166.5 | +19.8% | 3.74× |
| Runwal Enterprises MAINBOARD · Realty | live | ₹305 | +₹24 | ₹329 | +7.9% | 0.52× |
| A-One Steels India MAINBOARD · Steel | live | ₹405 | +₹21 | ₹426 | +5.2% | 5.33× |
| Bench Mark Infotech Services SME · IT - Software | live | ₹29 | +₹19 | ₹48 | +65.5% | 0.74× |
| Moneyview MAINBOARD · E-Commerce/App based Aggregator | live | ₹34 | +₹12.75 | ₹46.75 | +37.5% | 22.7× |
| Shah Investor's Home MAINBOARD · Stock/ Commodity Brokers | live | ₹30 | +₹12.5 | ₹42.5 | +41.7% | — |
| Shivchem Agro SME · Agro Chemicals | live | ₹30 | +₹6 | ₹36 | +20.0% | 0.08× |
| Dudani Retail SME · Textiles | live | ₹29 | +₹3 | ₹32 | +10.3% | — |
| AceVector (Snapdeal) MAINBOARD · E-Commerce/App based Aggregator | live | ₹32 | +₹1.25 | ₹33.25 | +3.9% | 0.63× |
| Vans Electroengineerings SME · | open | ₹118 | +₹45 | ₹163 | +38.1% | — |
| EverestIMS Technologies SME · IT - Software | open | ₹85 | +₹20 | ₹105 | +23.5% | — |
| Adroit Industries (India) MAINBOARD · Auto Ancillaries | allotment | ₹134 | +₹58 | ₹192 | +43.3% | 177× |
| Elevate Campuses MAINBOARD · Miscellaneous | allotment | ₹362 | +₹9 | ₹371 | +2.5% | 1.72× |
| ArMee Infotech MAINBOARD · IT - Software | allotment | ₹375 | +₹6 | ₹381 | +1.6% | 2.41× |
| Swastika Infra MAINBOARD · Power Infrastructure | allotment | ₹185 | +₹5 | ₹190 | +2.7% | 7.43× |
| Varmora Granito MAINBOARD · Ceramic Products | allotment | ₹148 | +₹1.5 | ₹149.5 | +1.0% | 1.55× |
GMP values are from grey market communities — unofficial, unverified, and NOT regulated by SEBI. Est. listing = issue price + GMP.
Recent IPO Listing Performance
Actual listing gains vs expected — helps evaluate how reliable grey market sentiment was.
| IPO Name | Issue Price | Listing Price | Listing Gain | Listing Date |
|---|---|---|---|---|
| Vivekanand Cotspin | ₹37 | ₹38 | +2.7% | 27 Sept 2026 |
| Robokidz Eduventures | ₹106 | ₹201.4 | +90.0% | 27 Sept 2026 |
| FX Multitech | ₹116 | ₹123.05 | +6.1% | 27 Sept 2026 |
| Axiom Gas Engineering | ₹54 | ₹54.75 | +1.4% | 24 Sept 2026 |
| Kheria Autocomp | ₹101 | ₹104.9 | +3.9% | 23 Sept 2026 |
| SpectraA Technology | ₹118 | ₹224.2 | +90.0% | 23 Sept 2026 |
| Sonaselection Limited | ₹99 | ₹102.31 | +3.3% | 23 Sept 2026 |
| Jindal Supreme | ₹93 | ₹120 | +29.0% | 22 Sept 2026 |
| SS Retail | ₹424 | ₹624 | +47.2% | 22 Sept 2026 |
| Hero Motors | ₹84 | ₹82 | -2.4% | 22 Sept 2026 |
What is IPO GMP (Grey Market Premium)?
IPO GMP (Grey Market Premium) is the difference between the unofficial grey market price and the IPO issue price, expressed in rupees per share. Grey market refers to an informal, unregulated trading network where IPO shares and application forms are bought and sold before the official listing on NSE/BSE.
For example, if an IPO is priced at ₹500 and the GMP is ₹75, the expected listing price based on grey market activity would be approximately ₹575 — a 15% premium over the issue price.
How GMP Is Calculated
Expected Listing Price = Issue Price + GMP
GMP % = (GMP ÷ Issue Price) × 100
Example: Issue ₹400 + GMP ₹60 → Expected ₹460 (+15%)
Why GMP Is Unreliable
- GMP can be artificially inflated by operators to create FOMO
- Grey market prices often collapse on listing day due to profit booking
- Research shows GMP has only 40-60% accuracy as a listing predictor
- No regulatory oversight — no recourse if you are misled
- Applying in grey market carries legal risk (SEBI prohibits grey market trading)
Important: IPOFins displays GMP for informational purposes only. We do not participate in, recommend, or endorse grey market trading. Apply through your official broker (Zerodha, Groww, Upstox) using the ASBA/UPI process only.
Frequently Asked Questions — IPO GMP
What is IPO GMP (Grey Market Premium)?
GMP is the unofficial price premium at which IPO shares trade in the grey market before listing. A GMP of ₹30 on a ₹100 IPO means the grey market expects listing at ~₹130. It is NOT regulated by SEBI and should be used only as a rough sentiment indicator.
Is IPO GMP reliable for predicting listing price?
No — GMP has only about 40-60% accuracy. High QIB subscription (institutional demand), strong fundamentals, and sector tailwinds are better predictors. GMP can be manipulated. Never apply based on GMP alone.
What does positive vs negative GMP mean?
Positive GMP = grey market expects listing above issue price. Negative GMP = expected listing below issue price. A high positive GMP (50%+) may indicate speculative bubble; a negative GMP is a warning sign of weak demand.
Where does IPOFins get GMP data?
GMP data on IPOFins is community-sourced and manually updated. It is clearly labeled as unofficial. We cross-reference multiple grey market sources but cannot guarantee accuracy. The official subscription data shown alongside GMP is from NSE/BSE filings.
Should I apply for an IPO based on GMP?
No. Use GMP as one sentiment indicator only. Always check: QIB subscription (most important), company financials in DRHP, valuation vs peers, sector outlook, and IPOFins score. Apply only through your official SEBI-registered broker via UPI/ASBA.
Is grey market trading legal in India?
Grey market trading in IPO shares/allotments is not explicitly prohibited but operates in a legal grey area. SEBI has warned investors against participating. There is no regulatory protection for grey market losses. Stick to official post-listing trading on NSE/BSE.