Live IPO GMP Today 2026

Updated · Compiled by the IPO Cracker Editorial Team

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.

Highest GMP +71.4% Tonbo Imaging
Open now 7 accepting bids
Avg GMP (open) +21.1% across 6 IPOs
Upcoming · Closed 2 · 2 awaiting open / listing
Type
Status
Price Band GMP Updated

Open SME Closing in --:--:--
Sub 1.74x Closes Oct 16
+₹2 +1.8% Est. listing ₹114 ₹105 – 112 Oct 14 Oct 16 1.74x 15 Oct, 02:23 pm

Open Mainboard Closing in --:--:--
Sub 1.16x Closes Oct 16
+₹22 +7.6% Est. listing ₹311 ₹275 – 289 Oct 14 Oct 16 1.16x 16 Oct, 02:05 am

Open Mainboard
Sub 0.23x Closes Oct 19
+₹14 +9.3% Est. listing ₹165 ₹143 – 151 Oct 15 Oct 19 0.23x 15 Oct, 08:26 pm

Open Mainboard
Sub 0.48x Closes Oct 19
+₹140 +23.9% Est. listing ₹726 ₹558 – 586 Oct 15 Oct 19 0.48x 16 Oct, 12:52 am

Open Mainboard
Sub 4.00x Closes Oct 19
+₹500 +71.4% Est. listing ₹1200 ₹665 – 700 Oct 15 Oct 19 4.00x 15 Oct, 08:59 pm

Open Mainboard
Sub 0.34x Closes Oct 19
+₹43 +12.5% Est. listing ₹387 ₹327 – 344 Oct 15 Oct 19 0.34x 15 Oct, 09:27 pm

Open SME
Sub 0.76x Closes Oct 19
— ₹170 – 179 Oct 15 Oct 19 0.76x —

Upcoming Mainboard
Opens Oct 21
+₹221 +19.8% Est. listing ₹1340 ₹1,065 – 1,119 Oct 21 Oct 23 — 16 Oct, 01:35 am

Upcoming Mainboard
Opens Oct 21
+₹95 +13.7% Est. listing ₹788 ₹660 – 693 Oct 21 Oct 23 — 16 Oct, 12:52 am

Closed Mainboard
Sub 131.70x Closed Oct 15
+₹82 +30.3% Est. listing ₹353 ₹258 – 271 Oct 13 Oct 15 131.70x 15 Oct, 04:42 pm

Closed SME
Sub 3.31x Closed Oct 15
+₹2 +3.9% Est. listing ₹54 ₹50 – 52 Oct 13 Oct 15 3.31x 15 Oct, 08:11 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 7 and overstated the listing gain on 6. Each row compares the last GMP we recorded before listing with the actual listing price.

IPO Listed GMP said Listed at Listing Price
R.K.Fashion SME 12 Oct 2026 +1.8% -2.4% ₹80.00
Acme India Industries SME 09 Oct 2026 +21.9% +12.8% ₹221.00
TNA Solutions SME 09 Oct 2026 +2.9% -20.0% ₹56.00
Sollfege Smart Electronics SME 08 Oct 2026 +18.2% +89.8% ₹104.40
Nityas Gems 08 Oct 2026 +1.3% +9.3% ₹82.00
Vishal Nirmiti 08 Oct 2026 +0.9% -2.3% ₹215.00
Shree TNB Polymers SME 08 Oct 2026 +3.8% +15.4% ₹60.00
EverestIMS Technologies SME 08 Oct 2026 +70.6% +48.2% ₹126.00
Vans Electroengineerings SME 07 Oct 2026 +87.3% +90.0% ₹224.20
Black Opal Consultants SME 07 Oct 2026 +12.2% +1.5% ₹200.00

"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, and "Listing Price" is that first traded price on listing day. Full history in our listing performance tracker. Informational only — not investment advice.

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 202 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 94 108
GMP predicted the direction correctly 81.9% 68.5%
Average gap between GMP-implied and actual listing price 7.4% 10.2%

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 202 IPOs where the grey market quoted a premium before listing, GMP pointed the right way 74.8% of the time, and 88.1% of listings landed within 20% of the GMP-implied price. The average gap was 8.9%. 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.

Frequently Asked Questions about IPO GMP

Live IPO GMP (Grey Market Premium) is the real-time unofficial premium at which IPO shares trade in the grey market before listing. A positive GMP suggests listing at a premium, while negative GMP indicates a discount.

IPO GMP data on IPO Cracker is updated multiple times daily. The grey market premium can change rapidly based on market conditions and demand for IPO shares.

GMP provides a market sentiment indicator but is not a guaranteed predictor of listing price. It is based on unofficial grey market activity and can change significantly before the actual listing date. GMP is most accurate when close to the listing date and supported by strong subscription numbers.

A negative GMP means grey market traders expect the IPO to list below its issue price. For example, a GMP of -Rs 20 on an IPO with issue price Rs 100 means the expected listing price is Rs 80. This usually indicates weak market sentiment or overvaluation concerns.

GMP is not calculated by a formula — it is determined by supply and demand among unofficial grey market traders. When more people want to buy IPO shares before listing, the premium goes up. When sellers outnumber buyers, GMP drops. The expected listing price is simply Issue Price + GMP.

No. GMP is just one factor to consider. You should also evaluate the company's financials, valuation, subscription status, and industry peers. A high GMP with poor fundamentals can still result in losses after listing. Use GMP as a sentiment check, not as the sole decision factor.

Across the 202 IPOs where the grey market quoted a premium before listing, GMP pointed the right way 74.8% of the time, and 88.1% of listings landed within 20% of the GMP-implied price. The average gap between the GMP-implied price and the actual listing price was 8.9%. Accuracy improves closer to listing day and when strong QIB subscription backs the premium.

Less reliable than Mainboard. Across our tracked listings, GMP predicted the listing direction correctly for 68.5% of SME IPOs (108 tracked) against 81.9% of Mainboard IPOs (94 tracked). The average gap was 10.2% on SME versus 7.4% on Mainboard. BSE SME and NSE Emerge issues have a thinner grey market, so a few trades move the premium and late spikes often fade by listing day. Treat SME GMP as sentiment, not a forecast.
GMP (Grey Market Premium) is based on unofficial market activity and does not guarantee listing price. IPO investments are subject to market risk. Please read the offer document before investing.
GMPUpdate