IPO GMP Today

IPO GMP (grey market premium) is the amount above the issue price at which an IPO application or allotment is changing hands in the unofficial grey market before the share lists on the exchange. A GMP of ₹30 on a ₹300 issue means the grey market is currently paying ₹330.

It measures what a small, private, unregulated market is willing to pay right now — nothing more. It is a sentiment reading taken from dealers, not a price discovered on NSE or BSE, and it carries no regulatory oversight or settlement guarantee.

Estimated listing price = IPO issue price (the upper end of the price band) + current GMP. Estimated profit or loss on one application = GMP × lot size. Both figures are arithmetic on an unofficial number, so they are indications, not predictions.

No. GMP is not published, verified or regulated by SEBI, NSE or BSE. It is collected from grey-market activity and can differ between sources and change through the day.

No. GMP often moves in the same direction as listing performance, but it is regularly wrong in both size and direction — a high GMP has preceded a flat listing, and a modest one has preceded a strong open. Treat it as one input among many, never as a forecast.

No. Nothing about a grey market premium is guaranteed. GMP can fall sharply between the close of an issue and its listing day, and the listing price is set by demand on the exchange, not by the grey market.

The page refreshes automatically every 15 seconds and shows both how long ago we fetched and the time our source itself published each figure, so you can always see how fresh a number is rather than trusting a "live" label.

Mainboard IPOs are larger companies listing on the main NSE/BSE platforms with wide participation. SME IPOs are smaller issues on the SME platforms, with larger lot sizes and much thinner trading. SME grey-market premiums tend to be more volatile and move on far less activity, so they should be read with more caution.

Both spellings mean the same thing. "Grey market" is the British spelling used in Indian financial writing and by the exchanges, and "gray market" is the American one; GMP, grey market premium and gray market premium all refer to the same unofficial pre-listing price. This page uses the Indian spelling throughout.

Kostak is the flat amount a grey-market buyer pays for your entire IPO application, agreed before allotment and paid whether or not you receive any shares. It is quoted per application, not per share: a kostak of ₹600 means you are paid ₹600 for the application itself, and the buyer keeps whatever the allotment turns out to be worth. It is an unofficial, unregulated private deal with no exchange, no settlement guarantee and no recourse.

They price two different things. GMP is quoted per share and only means anything if shares are actually allotted — it is the premium over the issue price. Kostak is quoted per application and is paid regardless of allotment, so it is closer to selling the lottery ticket than the prize. A third arrangement, "Subject to Sauda", sits between them: a price agreed per application that is only paid if the application receives an allotment.

It is a grey-market deal on an IPO application that only settles if the application is allotted. If you get no allotment, nothing is paid by either side; if you do, the agreed amount changes hands. That makes it riskier for the seller than a kostak, which pays either way, and cheaper for the buyer. Like kostak and GMP, it is unofficial and carries no regulatory protection.

No. We publish grey market premium, and every figure on this page comes from and is checked against one named source. Kostak and sauda rates are quoted privately between dealers, are not published by that source, and vary between them on the same day — so printing a number for them would mean inventing one. We would rather explain the terms accurately than show a rate we cannot stand behind.

Yes. The full IPO GMP page — live Mainboard and SME premiums, price bands, subscription, dates, estimated listing price, the day-wise GMP trend and actual listing prices — is free and needs no account.

Beyond IPO GMP, PapsDigital provides AI Studio for AI-assisted market analysis, industry-fast Live News for market and macro headlines, a Market Scanner for setup conditions, Astro Levels for daily levels and timing from planetary positions and Vedic astrology, and the Paps Terminal — a Smart Money Concepts workspace with live structure and signal panels.

It is the Smart Money Concepts workspace inside PapsDigital: live charts annotated with market structure, key levels and signal panels, built as a place to do analysis rather than as a source of buy and sell calls.

IPO GMP is free. The trading workspace — AI Studio, Live News, Market Scanner, Astro Levels and the Paps Terminal — sits behind a sign-in and a paid plan. What each plan includes is listed on this page.