IPO GMP Today — 14 June 2026

IPO Grey Market Premium (GMP) is the unofficial premium at which IPO shares are traded in the grey market before they are officially listed on BSE or NSE. The grey market is an unofficial, over-the-counter market where IPO shares are bought and sold outside of the formal stock exchange system.

For example, if an IPO has a price band of ₹100-105 and the current GMP is ₹50, it means shares are trading at approximately ₹155 in the grey market, indicating expected listing gains of about 47%.

How GMP is Determined

GMP is driven by supply and demand in the unofficial market. Factors affecting GMP include:

• Company fundamentals and growth prospects
• Overall market sentiment (bull vs bear market)
• Subscription levels across categories (Retail, HNI, QIB)
• Sector momentum and peer valuations
• Lot size and total issue size

Should You Rely on GMP?

While GMP provides a useful directional indicator, it has limitations. GMP can be manipulated, changes rapidly, and doesn't account for post-listing volatility. We recommend using GMP as one of several factors in your analysis, alongside AI scores, fundamental analysis, and subscription data available on our platform.