Live grey market premium for all IPOs in India. Track upcoming, open, closed, and recently listed IPOs with real-time GMP, estimated listing price, and subscription data.
| Price Band | GMP Updated | |||||
|---|---|---|---|---|---|---|
|
Open SME Closing in --:--:-- |
— | ₹296 – 311 | Sept 30 | Oct 05 | 0.75x | — |
|
Open SME Closing in --:--:-- |
— | ₹104 – 111 | Sept 30 | Oct 05 | 0.92x | — |
|
Open Mainboard Closing in --:--:-- |
+₹20 +9.1% Est. listing ₹240 | ₹208 – 220 | Sept 30 | Oct 05 | 0.60x | 01 Oct, 06:26 pm |
|
Open Mainboard Closing in --:--:-- |
+₹2 +2.7% Est. listing ₹77 | ₹70 – 75 | Sept 30 | Oct 05 | 0.69x | 04 Oct, 08:00 pm |
|
Open SME Closing in --:--:-- |
— | ₹55 | Sept 30 | Oct 05 | 1.91x | — |
|
Open SME Closing in --:--:-- |
— | ₹67 | Sept 30 | Oct 05 | 0.60x | — |
|
Open SME Closing in --:--:-- |
— | ₹112 – 118 | Sept 30 | Oct 05 | 1.85x | — |
|
Open SME Closing in --:--:-- |
+₹40 +47.1% Est. listing ₹125 | ₹80 – 85 | Sept 29 | Oct 05 | 1.78x | 02 Oct, 05:05 pm |
|
Open SME Closing in --:--:-- |
+₹8 +15.4% Est. listing ₹60 | ₹47 – 52 | Sept 28 | Oct 05 | 1.05x | 24 Sept, 01:54 pm |
|
Open SME |
— | ₹119 – 127 | Sept 30 | Oct 06 | 1.35x | — |
|
Open SME |
+₹10 +14.3% Est. listing ₹80 | ₹66 – 70 | Sept 30 | Oct 06 | 1.79x | 03 Oct, 07:01 pm |
|
Open SME |
+₹30 +15.3% Est. listing ₹226 | ₹186 – 196 | Sept 30 | Oct 06 | 2.05x | 03 Oct, 10:28 am |
|
Open SME |
— | ₹77 – 82 | Oct 05 | Oct 07 | — | — |
|
Closed SME |
— | ₹69 – 72 | Sept 29 | Oct 01 | 2.59x | — |
|
Closed SME |
+₹70 +59.3% Est. listing ₹188 | ₹112 – 118 | Sept 29 | Oct 01 | 628.78x | 01 Oct, 02:24 pm |
|
Closed SME |
+₹100 +50.8% Est. listing ₹297 | ₹185 – 197 | Sept 29 | Oct 01 | 73.90x | 04 Oct, 02:04 pm |
|
Closed SME |
— | ₹85 – 90 | Sept 24 | Oct 01 | 1.04x | — |
|
Closed SME |
+₹15 +21.1% Est. listing ₹86 | ₹65 – 71 | Sept 28 | Sept 30 | 23.49x | 04 Oct, 06:28 pm |
|
Closed SME |
+₹1.5 +2.4% Est. listing ₹63.5 | ₹59 – 62 | Sept 28 | Sept 30 | 2.25x | 03 Oct, 07:20 pm |
|
Closed SME |
+₹1 +1.0% Est. listing ₹100 | ₹93 – 99 | Sept 28 | Sept 30 | 2.77x | 30 Sept, 12:00 pm |
|
Closed Mainboard |
+₹50 +38.5% Est. listing ₹180 | ₹123 – 130 | Sept 28 | Sept 30 | 125.16x | 04 Oct, 11:55 pm |
|
Closed Mainboard |
+₹17 +10.2% Est. listing ₹184 | ₹159 – 167 | Sept 28 | Sept 30 | 38.12x | 04 Oct, 08:01 pm |
GMP Scorecard: What GMP Said vs How IPOs Actually Listed
Across the last 10 listings, the final grey-market premium called the direction right on 8 and overstated the listing gain on 2. Each row compares the last GMP we recorded before listing with the actual listing price.
| IPO | Listed | GMP said | Listed at | Verdict |
|---|---|---|---|---|
| Roopa Screen SME | 01 Oct 2026 | +65.6% | +90.0% | ✓ Right direction Understated by 24.4 pts |
| Moneyview | 01 Oct 2026 | +42.6% | +63.6% | ✓ Right direction Understated by 21 pts |
| A-One Steels | 01 Oct 2026 | +11.6% | +14.1% | ✓ Right direction Understated by 2.5 pts |
| Adroit Industries | 30 Sept 2026 | +41.0% | +75.4% | ✓ Right direction Understated by 34.4 pts |
| Elevate Campuses | 30 Sept 2026 | +1.8% | -1.9% | ✗ Wrong direction Overstated by 3.7 pts |
| Swastika Infra | 30 Sept 2026 | +3.8% | +8.1% | ✓ Right direction Understated by 4.3 pts |
| ArMee Infotech | 30 Sept 2026 | +1.6% | 0.0% | ✗ Wrong direction Overstated by 1.6 pts |
| Varmora Granito | 29 Sept 2026 | +0.7% | +4.7% | ✓ Right direction Understated by 4 pts |
| Robokidz Eduventures SME | 28 Sept 2026 | +80.2% | +90.0% | ✓ Right direction Understated by 9.8 pts |
| FX Multitech SME | 28 Sept 2026 | +5.6% | +6.1% | ✓ Right direction Understated by 0.5 pts |
"GMP said" is the premium implied by the last grey-market quote before listing, as a % of the issue price. "Listed at" is the listing price versus the issue price. Full history in our listing performance tracker. Informational only — not investment advice.
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What is IPO GMP (Grey Market Premium)?
GMP (Grey Market Premium) is the unofficial premium at which IPO shares trade in the grey market before listing on BSE or NSE. A positive GMP suggests the IPO may list at a premium, while a negative GMP indicates a potential discount. For example, if an IPO has an issue price of Rs 200 and a GMP of Rs 50, the expected listing price is Rs 250 — a 25% premium.
Mainboard vs SME IPO GMP — Key Differences
GMP behaves very differently across the two segments. We follow every IPO through to listing day, so rather than describe the gap, here is what 180 IPOs with a quoted pre-listing premium show (a GMP of zero usually means no premium is being quoted, so those issues are left out):
| Mainboard | SME | |
|---|---|---|
| IPOs tracked | 86 | 94 |
| GMP predicted the direction correctly | 83.7% | 70.2% |
| Average gap between GMP-implied and actual listing price | 7% | 9.5% |
A thinner grey market means a handful of trades can move the premium, and late spikes often fade by listing day — so treat SME GMP as sentiment rather than a forecast. Mainboard GMP is materially more dependable, but the average gap above still makes it an indicator, not a price. Use the Type filter to view either segment on its own, and pair GMP with subscription multiples and company fundamentals.
How to Read the GMP Table
The table above shows live GMP data for all active IPOs in India — including upcoming, open, closed, and recently listed IPOs. Each row shows the current grey market premium in rupees, the percentage premium over issue price, and the estimated listing price. The subscription column (Sub) shows the total subscription multiple for open and closed IPOs. Click on any IPO row to view the full GMP history chart and detailed analysis.
Why Track IPO GMP?
Tracking GMP helps investors gauge market sentiment before an IPO lists. A rising GMP trend over the subscription period usually indicates strong demand, while a declining GMP may signal weakening interest. However, GMP is unofficial — not regulated by SEBI — and should be used alongside subscription data, company financials, and valuations for informed decision-making. Use our IPO detail pages to see the complete picture for each IPO.
How accurate has IPO GMP actually been?
Across the 180 IPOs where the grey market quoted a premium before listing, GMP pointed the right way 76.7% of the time, and 89.4% of listings landed within 20% of the GMP-implied price. The average gap was 8.3%. Accuracy improves closer to listing day and when strong institutional (QIB) subscription backs the premium; it is weakest on SME issues and on late spikes driven by retail demand. Every figure comes from our own listing performance tracker, which records issue price, GMP and actual listing price for each IPO we cover.