How is the estimated listing price calculated?

Estimated listing price is calculated by adding the latest GMP to the IPO's cutoff issue price. The actual listing price can be higher or lower than this estimate.

How is the expected listing gain calculated?

Expected gain is calculated as GMP divided by the cutoff issue price, multiplied by 100. It is an estimate based on GMP and should not be treated as a return guarantee.

Is IPO GMP official or regulated in India?

No. GMP is not an official price published by a stock exchange. Use it only as an unofficial market indicator and rely on official disclosures for IPO facts.

Does a high GMP guarantee listing gains?

No. Listing performance can be influenced by market conditions, subscription demand, valuation, institutional participation, and sentiment on the listing day.

How should I use GMP before applying for an IPO?

Use GMP as one input alongside the RHP or DRHP, company financials, valuation, price band, subscription data, and your own investment goals and risk tolerance.

What is the IPO GMP today?

IPO GMP today refers to the current Grey Market Premium at which shares of active IPOs are trading in the unofficial grey market. You can check the latest IPO GMP for all Mainboard and SME IPOs listed on BSE and NSE on this page, updated throughout the day.

How to check IPO GMP live?

You can check live IPO GMP on IPO Trend's dedicated GMP tracker page. It shows the latest Grey Market Premium, estimated listing price, and expected gain percentage for every active and upcoming IPO in real time.

What is the difference between Mainboard IPO GMP and SME IPO GMP?

Mainboard IPO GMP reflects grey market sentiment for large-cap IPOs listed on BSE or NSE main board, while SME IPO GMP tracks premiums for small and medium enterprise IPOs listed on BSE SME or NSE Emerge platforms. SME IPOs typically have higher GMP volatility due to smaller lot sizes and lower liquidity.

Can IPO GMP change after allotment?

Yes. IPO GMP can fluctuate significantly between the allotment date and the listing date. Market conditions, overall demand, and broader index movements can cause GMP to rise or fall even after shares are allotted to investors.

IPO GMP Today – Live Grey Market Premium Rates

Track today's IPO GMP (Grey Market Premium) for all open Mainboard and SME IPOs on BSE and NSE. Compare live GMP rates, issue price, estimated listing price, and expected listing gain — updated in real time.

Current IPO GMP

IPO Company	Price Band	Live GMP	Est. Gain	Est. Listing Price	Listing Date
Qualiance International Limited NSE - SME	₹120 - ₹127	+₹50	+39.4%	₹177	Sep 11, 2026
Pranav Constructions Limited Mainboard	₹118 - ₹124	+₹42	+33.9%	₹166	Sep 15, 2026
Apana Logistics Limited BSE - SME	₹60	+₹2	+3.3%	₹62	Sep 15, 2026
Farm Peace Limited BSE - SME	₹59	+₹42	+71.2%	₹101	Sep 08, 2026
Deepa Jewellers Limited Mainboard	₹168 - ₹177	+₹20	+11.3%	₹197	Sep 08, 2026
Rays of Belief Limited Mainboard	₹227 - ₹239	+₹17	+7.1%	₹256	Sep 08, 2026
Fly-Hi Maritime Travels Limited BSE - SME	₹102	+₹1	+1.0%	₹103	Sep 08, 2026
Kanohar Electricals Limited Mainboard	₹601 - ₹632	+₹205	+32.4%	₹837	Sep 16, 2026
Glass Wall Systems (India) Limited Mainboard	₹172 - ₹182	+₹31	+17.0%	₹213	Sep 16, 2026
Prasol Chemicals Limited Mainboard	₹643 - ₹676	+₹115	+17.0%	₹791	Sep 16, 2026
Rentomojo Limited Mainboard	₹384 - ₹404	+₹140	+34.7%	₹544	Sep 17, 2026
Karamtara Engineering Limited Mainboard	₹241 - ₹254	+₹55	+21.7%	₹309	Sep 17, 2026
LCC Projects Limited Mainboard	₹139 - ₹146	+₹25	+17.1%	₹171	Sep 17, 2026
Manipal Payment & Identity Solutions Limited Mainboard	₹322 - ₹339	+₹30	+8.8%	₹369	Sep 17, 2026
Amtech Esters Limited BSE - SME	₹71 - ₹75	+₹5	+6.7%	₹80	Sep 17, 2026
Vinod Texworld Limited NSE - SME	₹94	+₹4	+4.3%	₹98	Sep 17, 2026
Asset Reconstruction Company (India) Limited Mainboard	₹132 - ₹139	+₹0	0.0%	₹139	Sep 17, 2026
Steamhouse India Limited Mainboard	₹0 - ₹0	+₹0	—	—	Sep 17, 2026
Infrax Renewable Limited BSE - SME	₹104	+₹0	0.0%	₹104	Sep 17, 2026
Veegaland Developers Limited Mainboard	₹130 - ₹140	+₹30	+21.4%	₹170	Sep 18, 2026
Om Galaxy Limited BSE - SME	₹0 - ₹0	+₹0	—	—	Sep 18, 2026
Raksan Transformers Limited BSE - SME	₹0 - ₹0	+₹0	—	—	Sep 18, 2026

Key Factors Influencing Daily IPO GMP Trends

📈 QIB & Institutional Demand

Heavy subscription from Qualified Institutional Buyers (QIBs) on the final bidding day often triggers a sharp rise in Grey Market Premium.

📊 Broader Market Sentiment

Bullish or volatile trends in Nifty and Sensex directly influence pre-listing premiums, regardless of individual issue size.

🎯 Estimated Gain % vs Absolute GMP

Always evaluate the expected listing gain percentage alongside absolute GMP to accurately compare small-cap and large-cap issues.

Tip: Combine real-time GMP tracking with our live IPO subscription tracker and IPO analytics hub for thorough pre-IPO analysis.

What is IPO Grey Market Premium (GMP)? Complete Guide

Learn how Grey Market Premium works, how Kostak & Subject to Sauda rates are calculated, and how GMP acts as an early indicator of listing day profits.

Read Full Article

Mainboard IPO GMP

Track live Grey Market Premium for Mainboard IPOs. Use the Mainboard filter above to view only Mainboard IPO GMP data.

SME IPO GMP

Track live Grey Market Premium for SME IPOs. Use the SME filter above to view only SME IPO GMP data.

Upcoming IPO GMP

View GMP for upcoming IPOs that are yet to open for subscription. Use the Upcoming filter above.

What Is IPO Grey Market Premium (GMP)?

Grey Market Premium (GMP) is the unofficial premium at which IPO shares may trade over the issue price before listing. It is commonly used as a pre-listing sentiment indicator, not as an official exchange price.

How IPO GMP Is Calculated

Est. Listing Price = Upper Issue Price + Latest GMP.

Est. Gain % = (GMP ÷ Upper Issue Price) × 100.

Kostak Rate = Amount agreed for selling an IPO application before checking allotment results. Learn more in our GMP glossary.

What IPO GMP Can Tell You

A positive or rising GMP may point to stronger pre-listing interest. It does not confirm company quality, valuation, allotment probability, or the exact listing price.

Always review the RHP or DRHP, price band, use of proceeds, company financials, live subscription demand, and market conditions alongside GMP. Check past IPO listing performance to understand how GMP correlated with actual returns.

Limitations of IPO GMP

GMP is not regulated by any stock exchange or SEBI. It can change rapidly based on market sentiment, demand-supply dynamics, and unofficial trading activity. Do not rely on GMP alone when making investment decisions. Use IPO analytics and financial intelligence tools for data-driven analysis.

Disclaimer: GMP is an unofficial grey-market indicator and may change without notice. Estimated listing price and estimated gain are calculated using the latest available GMP and the upper issue price and should not be considered guaranteed. GMP is not regulated by any stock exchange or SEBI. Verify details from official company, registrar, and stock-exchange disclosures.

IPO GMP FAQs