SME IPO GMP Today 2026

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.

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 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.

GMP vs Actual Listing Performance

GMP is a useful sentiment indicator but not a guarantee. Some IPOs with high GMP have listed below expectations, and vice versa. GMP tends to be more reliable closer to the listing date and when backed by strong institutional (QIB) subscription. Check our Performance Tracker to see how past IPOs actually performed versus their GMP predictions.

Frequently Asked Questions about IPO GMP