GMP
The unofficial premium or discount quoted per share over the IPO issue price.
IPO GMP Today Live
Grey Market Premium for Mainboard & SME IPOs
As of 12 Jul 2026, 7:15 PM IST, 7 of 7 tracked Mainboard & SME IPOs have a recorded grey market premium (GMP) — the highest is Millworks Technologies IPO at +₹295 (+89% over its price band). GMP is unofficial and unregulated and does not forecast the actual listing price. Compare GMP, price band and indicative listing price for current and upcoming Mainboard and SME IPOs before they list on the BSE or NSE.
7 IPOs shown
| IPO | Type | Price Band (₹) | = upper price band + GMP. Indicative only, not a forecast. | Open – Close | Status | Last Updated | ||
|---|---|---|---|---|---|---|---|---|
| Laser Power & Infra IPO | Mainboard | ₹203-214 | +₹32 (+15%) | +15% | ₹246 | Jul 9, 2026 – Jul 13, 2026 | Open | |
| Devson Catalyst IPO | BSE SME | ₹112-118 | +₹30 (+25%) | +25% | ₹148 | Jul 9, 2026 – Jul 13, 2026 | Open | |
| Happy Steels IPO | NSE SME | ₹62-66 | +₹5 (+8%) | +8% | ₹71 | Jul 9, 2026 – Jul 13, 2026 | Open | |
| Kusumgar IPO | Mainboard | ₹398-419 | +₹154 (+37%) | +37% | ₹573 | Jul 8, 2026 – Jul 10, 2026 | Closed | |
| Alpine Texworld IPO | Mainboard | ₹100-105 | +₹2 (+2%) | +2% | ₹107 | Jul 14, 2026 – Jul 16, 2026 | Upcoming | |
| SBI Mutual Fund IPO | Mainboard | ₹545-574 | +₹85 (+15%) | +15% | ₹659 | Jul 14, 2026 – Jul 16, 2026 | Upcoming | |
| Millworks Technologies IPO | BSE SME | ₹315-331 | +₹295 (+89%) | +89% | ₹626 | Jul 14, 2026 – Jul 16, 2026 | Upcoming |
No IPOs match this filter right now.
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What is IPO GMP (Grey Market Premium)?
IPO GMP is the indicative rupee premium at which IPO shares or entitlements are informally quoted before listing on the BSE or NSE. A GMP of ₹20 on a ₹100 issue means shares are quoted around ₹120 in the grey market. GMP can be positive (a premium) or negative (a discount).
How is GMP and the indicative listing price calculated?
Indicative listing price = upper price band + current GMP; the GMP % is the GMP expressed as a percentage of the upper price band. These are informational estimates derived from grey-market quotes — they are not a forecast and do not guarantee the actual listing price.
Is GMP reliable, and is the grey market regulated?
GMP does not reliably predict the actual listing price. It comes from an unofficial and unregulated market, can change quickly, and may differ materially from the eventual exchange price. Informal grey-market arrangements do not have exchange-backed settlement or the investor-protection mechanisms of regulated exchange trades. Review the company fundamentals and risks in the RHP, and consult a SEBI-registered investment adviser if you need advice.
GMP vs Kostak Rate vs Subject to Sauda
Kostak Rate
An informal application-level amount quoted regardless of whether allotment occurs.
Subject to Sauda
An informal application-level amount quoted on the condition that shares are allotted.
IPO Ji does not facilitate these arrangements or publish live Kostak or Subject to Sauda quotes because no verified feed is available. Read the Kostak Rate and Subject to Sauda glossary definitions.
How IPO Ji updates GMP data
- Source: GMP figures come from IPO Ji's informal-market data feed and are not exchange-published prices.
- Calculation: GMP % = GMP ÷ upper price band × 100. Indicative listing price = upper price band + GMP.
- Freshness: Timestamps are shown in IST and the page reflects the most recently recorded quote. A value without a reliable timestamp is not labelled “today” or “current”.
- Editorial policy: IPO Ji reports the recorded figure without ranking IPOs or recommending an application decision.
GMP can change without notice and may differ materially from the actual listing price.
FAQs
IPO GMP — Frequently Asked Questions
What is the highest IPO GMP today?
As of 12 Jul 2026, 7:15 PM IST, 7 of 7 tracked Mainboard & SME IPOs have a recorded grey market premium (GMP) — the highest is Millworks Technologies IPO at +₹295 (+89% over its price band). GMP is unofficial and unregulated and does not forecast the actual listing price.
What is IPO GMP today?
IPO GMP (Grey Market Premium) is the extra rupee amount, over the issue price, at which IPO shares or entitlements are informally quoted before listing on the BSE or NSE. It is unofficial, unregulated information and may not match the actual listing price.
How is the indicative listing price calculated from GMP?
Indicative listing price = upper price band + current GMP. For example, a ₹100 issue price with a ₹20 GMP gives an indicative listing of ₹120. This is only an indicative figure based on grey-market sentiment, not a forecast or a guarantee of the actual listing price.
Is IPO GMP reliable or accurate?
GMP does not reliably predict an IPO’s actual listing price. It comes from an unofficial and unregulated market, can change quickly, and may differ materially from the eventual exchange price. Treat it as one informational signal only and review the company’s RHP and risk factors.
Is IPO GMP official exchange data?
No. IPO GMP is unofficial, informal information and is not published by the stock exchanges. Grey-market arrangements do not have exchange-backed settlement or the investor-protection mechanisms of regulated exchange trades. IPO Ji reports indicative GMP for information only and does not deal in or facilitate grey-market transactions.
What does a negative GMP mean?
A negative GMP (a discount) means IPO shares are quoted below the issue price in the grey market, signalling weak unofficial demand. Like positive GMP, it is indicative only and may not reflect how the share actually lists.
How often is the IPO GMP on this page updated?
GMP on this page refreshes from our live IPO data whenever a new grey-market figure is recorded; each row shows its own last-updated time, and the page shows the most recent update at the top. Because the grey market is informal, figures are indicative and can change through the day.
Should I apply for an IPO based on GMP?
GMP should not be the basis of an application decision. It is unofficial information, not investment advice, and IPO Ji does not recommend subscribing to or avoiding any IPO. Read the RHP, consider the company fundamentals and risks, and consult a SEBI-registered investment adviser if you need advice.