Gray Market IPO List
Company Name: Anantam Highways InvIT
Status: Upcoming
IPO GMP: N/A
Price: N/A
Estimated Price: N/A
Profit/Loss: 0%
IPO Size: ₹400 Cr
Lot Size: N/A Shares
Open Date: 07-October-2025
Close Date: 09-October-2025
BoA Date: 14-October-2025
Listing Date: 17-October-2025
Type: Mainboard
Company Name: Canara Robeco
Status: Upcoming
IPO GMP: N/A
Price: N/A
Estimated Price: N/A
Profit/Loss: 0%
IPO Size: ₹4.99 Shares Cr
Lot Size: N/A Shares
Open Date: N/A
Close Date: N/A
BoA Date: N/A
Listing Date: N/A
Type: Mainboard
Company Name: LG Electronics
Status: Upcoming
IPO GMP: ₹255
Price: ₹1140
Estimated Price: ₹1395
Profit/Loss: 22.37%
IPO Size: ₹11,607.01 Cr
Lot Size: 13 Shares
Open Date: 07-October-2025
Close Date: 09-October-2025
BoA Date: 10-October-2025
Listing Date: 14-October-2025
Type: Mainboard
Company Name: Mittal Sections
Status: Upcoming
IPO GMP: N/A
Price: ₹143
Estimated Price: ₹143
Profit/Loss: 0%
IPO Size: ₹52.91 Cr
Lot Size: 1000 Shares
Open Date: 07-October-2025
Close Date: 09-October-2025
BoA Date: 10-October-2025
Listing Date: 14-October-2025
Type: BSE SME
Company Name: Riddhi Display Equipments
Status: Upcoming
IPO GMP: ₹1
Price: ₹100
Estimated Price: ₹101
Profit/Loss: 1%
IPO Size: ₹23.45 Cr
Lot Size: 1200 Shares
Open Date: N/A
Close Date: N/A
BoA Date: N/A
Listing Date: N/A
Type: BSE SME
Company Name: Rubicon Research
Status: Upcoming
IPO GMP: ₹60
Price: ₹485
Estimated Price: ₹545
Profit/Loss: 12.37%
IPO Size: ₹1,377.50 Cr
Lot Size: 30 Shares
Open Date: 09-October-2025
Close Date: 13-October-2025
BoA Date: 14-October-2025
Listing Date: 16-October-2025
Type: Mainboard
Company Name: Shipwaves Online
Status: Upcoming
IPO GMP: N/A
Price: ₹12
Estimated Price: ₹12
Profit/Loss: 0%
IPO Size: ₹53.53 Cr
Lot Size: 10000 Shares
Open Date: N/A
Close Date: N/A
BoA Date: N/A
Listing Date: N/A
Type: BSE SME
Company Name: Tata Capital
Status: Upcoming
IPO GMP: ₹7
Price: ₹326
Estimated Price: ₹333
Profit/Loss: 2.15%
IPO Size: ₹15,511.87 Cr
Lot Size: 46 Shares
Open Date: 06-October-2025
Close Date: 08-October-2025
BoA Date: 09-October-2025
Listing Date: 13-October-2025
Type: Mainboard
Company Name: DSM Fresh Foods
Status: Open
IPO GMP: N/A
Price: ₹100
Estimated Price: ₹100
Profit/Loss: 0%
IPO Size: ₹55.75 Cr
Lot Size: 1200 Shares
Open Date: 26-September-2025
Close Date: 06-October-2025
BoA Date: 07-October-2025
Listing Date: 09-October-2025
Type: BSE SME
Company Name: Greenleaf Envirotech
Status: Open
IPO GMP: N/A
Price: ₹136
Estimated Price: ₹136
Profit/Loss: 0%
IPO Size: ₹20.75 Cr
Lot Size: 1000 Shares
Open Date: 30-September-2025
Close Date: 06-October-2025
BoA Date: 07-October-2025
Listing Date: 09-October-2025
Type: NSE SME
Company Name: NSB BPO Solutions
Status: Open
IPO GMP: N/A
Price: ₹140
Estimated Price: ₹140
Profit/Loss: 0%
IPO Size: ₹70.49 Cr
Lot Size: 1000 Shares
Open Date: 23-September-2025
Close Date: 07-October-2025
BoA Date: 08-October-2025
Listing Date: 10-October-2025
Type: BSE SME
Company Name: Shlokka Dyes
Status: Open
IPO GMP: N/A
Price: ₹100
Estimated Price: ₹100
Profit/Loss: 0%
IPO Size: ₹60.26 Cr
Lot Size: 1200 Shares
Open Date: 30-September-2025
Close Date: 06-October-2025
BoA Date: 07-October-2025
Listing Date: 09-October-2025
Type: BSE SME
Company Name: WeWork India
Status: Open
IPO GMP: ₹5
Price: ₹648
Estimated Price: ₹653
Profit/Loss: 0.77%
IPO Size: ₹3,000.00 Cr
Lot Size: 23 Shares
Open Date: 03-October-2025
Close Date: 07-October-2025
BoA Date: 08-October-2025
Listing Date: 10-October-2025
Type: Mainboard
Company Name: Advance Agrolife
Status: Close
IPO GMP: ₹20
Price: ₹100
Estimated Price: ₹120
Profit/Loss: 20%
IPO Size: ₹192.86 Cr
Lot Size: 150 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: Mainboard
Company Name: Ameenji Rubber
Status: Close Allotted
IPO GMP: N/A
Price: ₹100
Estimated Price: ₹100
Profit/Loss: 0%
IPO Size: ₹28.46 Cr
Lot Size: 1200 Shares
Open Date: 26-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: BSE SME
Company Name: B.A.G.Convergence
Status: Close
IPO GMP: N/A
Price: ₹87
Estimated Price: ₹87
Profit/Loss: 0%
IPO Size: ₹46.28 Cr
Lot Size: 1600 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: NSE SME
Company Name: Bhavik Enterprises
Status: Close Allotted
IPO GMP: N/A
Price: ₹140
Estimated Price: ₹140
Profit/Loss: 0%
IPO Size: ₹73.08 Cr
Lot Size: 1000 Shares
Open Date: 25-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: BSE SME
Company Name: Chiraharit
Status: Close
IPO GMP: N/A
Price: ₹21
Estimated Price: ₹21
Profit/Loss: 0%
IPO Size: ₹29.51 Cr
Lot Size: 6000 Shares
Open Date: 29-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: BSE SME
Company Name: Dhillon Freight Carrier
Status: Close
IPO GMP: N/A
Price: ₹72
Estimated Price: ₹72
Profit/Loss: 0%
IPO Size: ₹9.57 Cr
Lot Size: 1600 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: BSE SME
Company Name: Fabtech Technologies
Status: Close Allotted
IPO GMP: N/A
Price: ₹191
Estimated Price: ₹191
Profit/Loss: 0%
IPO Size: ₹230.35 Cr
Lot Size: 75 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: Mainboard
Company Name: Glottis
Status: Close
IPO GMP: N/A
Price: ₹129
Estimated Price: ₹129
Profit/Loss: 0%
IPO Size: ₹307 Cr
Lot Size: 114 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: Mainboard
Company Name: Infinity Infoway
Status: Close
IPO GMP: ₹50
Price: ₹155
Estimated Price: ₹205
Profit/Loss: 32.26%
IPO Size: ₹23.19 Cr
Lot Size: 800 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: BSE SME
Company Name: KVS Castings
Status: Close Allotted
IPO GMP: ₹4
Price: ₹56
Estimated Price: ₹60
Profit/Loss: 7.14%
IPO Size: ₹26.41 Cr
Lot Size: 2000 Shares
Open Date: 26-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: BSE SME
Company Name: M P K Steels
Status: Close Allotted
IPO GMP: N/A
Price: ₹79
Estimated Price: ₹79
Profit/Loss: 0%
IPO Size: ₹24.45 Cr
Lot Size: 1600 Shares
Open Date: 26-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: BSE SME
Company Name: Manas Polymers
Status: Close Allotted
IPO GMP: N/A
Price: ₹81
Estimated Price: ₹81
Profit/Loss: 0%
IPO Size: ₹22.33 Cr
Lot Size: 1600 Shares
Open Date: 26-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: NSE SME
Company Name: Munish Forge
Status: Close
IPO GMP: N/A
Price: ₹96
Estimated Price: ₹96
Profit/Loss: 0%
IPO Size: ₹70.23 Cr
Lot Size: 1200 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: NSE SME
Company Name: Om Freight Forwarders
Status: Close
IPO GMP: ₹2
Price: ₹135
Estimated Price: ₹137
Profit/Loss: 1.48%
IPO Size: ₹122.31 Cr
Lot Size: 111 Shares
Open Date: 29-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: Mainboard
Company Name: Om Metallogic
Status: Close Allotted
IPO GMP: N/A
Price: ₹86
Estimated Price: ₹86
Profit/Loss: 0%
IPO Size: ₹21.22 Cr
Lot Size: 1600 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: BSE SME
Company Name: Pace Digitek
Status: Close Allotted
IPO GMP: ₹17
Price: ₹219
Estimated Price: ₹236
Profit/Loss: 7.76%
IPO Size: ₹819.15 Cr
Lot Size: 68 Shares
Open Date: 26-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: Mainboard
Company Name: Rukmani Devi Garg Agro Impex
Status: Close Allotted
IPO GMP: ₹27
Price: ₹99
Estimated Price: ₹126
Profit/Loss: 27.27%
IPO Size: ₹22.33 Cr
Lot Size: 1200 Shares
Open Date: 26-September-2025
Close Date: 30-September-2025
BoA Date: 01-October-2025
Listing Date: 06-October-2025
Type: BSE SME
Company Name: Sheel Biotech
Status: Close
IPO GMP: ₹10
Price: ₹63
Estimated Price: ₹73
Profit/Loss: 15.87%
IPO Size: ₹32.31 Cr
Lot Size: 2000 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: NSE SME
Company Name: Sodhani Capital
Status: Close
IPO GMP: N/A
Price: ₹51
Estimated Price: ₹51
Profit/Loss: 0%
IPO Size: ₹10.17 Cr
Lot Size: 2000 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: BSE SME
Company Name: Suba Hotels
Status: Close Allotted
IPO GMP: ₹10
Price: ₹111
Estimated Price: ₹121
Profit/Loss: 9.01%
IPO Size: ₹71.69 Cr
Lot Size: 1200 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: NSE SME
Company Name: Sunsky Logistics
Status: Close
IPO GMP: N/A
Price: ₹46
Estimated Price: ₹46
Profit/Loss: 0%
IPO Size: ₹15.98 Cr
Lot Size: 3000 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: BSE SME
Company Name: Valplast Technologies
Status: Close Allotted
IPO GMP: N/A
Price: ₹54
Estimated Price: ₹54
Profit/Loss: 0%
IPO Size: ₹26.58 Cr
Lot Size: 2000 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: BSE SME
Company Name: Vijaypd Ceutical
Status: Close
IPO GMP: N/A
Price: ₹35
Estimated Price: ₹35
Profit/Loss: 0%
IPO Size: ₹18.26 Cr
Lot Size: 4000 Shares
Open Date: 29-September-2025
Close Date: 01-October-2025
BoA Date: 03-October-2025
Listing Date: 07-October-2025
Type: NSE SME
Company Name: Zelio E-Mobility
Status: Close
IPO GMP: N/A
Price: ₹136
Estimated Price: ₹136
Profit/Loss: 0%
IPO Size: ₹74.34 Cr
Lot Size: 1000 Shares
Open Date: 30-September-2025
Close Date: 03-October-2025
BoA Date: 06-October-2025
Listing Date: 08-October-2025
Type: BSE SME
Company Name: Anand Rathi Share
Status: Listed
IPO GMP: ₹29
Price: ₹414
Listed Price: ₹432
Profit/Loss: 4.35%
IPO Size: ₹745.64 Cr
Lot Size: 36 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: Mainboard
Company Name: Aptus Pharma
Status: Listed
IPO GMP: ₹4
Price: ₹70
Listed Price: ₹80.8
Profit/Loss: 15.43%
IPO Size: ₹12.36 Cr
Lot Size: 2000 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: BSE SME
Company Name: Atlanta Electricals
Status: Listed
IPO GMP: ₹114
Price: ₹754
Listed Price: ₹857
Profit/Loss: 13.66%
IPO Size: ₹687.85 Cr
Lot Size: 19 Shares
Open Date: 22-September-2025
Close Date: 24-September-2025
BoA Date: 25-September-2025
Listing Date: 29-September-2025
Type: Mainboard
Company Name: BharatRohan Airborne Innovations
Status: Listed
IPO GMP: ₹5
Price: ₹85
Listed Price: ₹90
Profit/Loss: 5.88%
IPO Size: ₹42.76 Cr
Lot Size: 1600 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: BSE SME
Company Name: BMW Ventures
Status: Listed
IPO GMP: N/A
Price: ₹99
Listed Price: ₹78
Profit/Loss: -21.21%
IPO Size: ₹231.66 Cr
Lot Size: 151 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: Mainboard
Company Name: Chatterbox Technologies
Status: Listed
IPO GMP: ₹21
Price: ₹115
Listed Price: ₹135
Profit/Loss: 17.39%
IPO Size: ₹40.71 Cr
Lot Size: 1200 Shares
Open Date: 25-September-2025
Close Date: 29-September-2025
BoA Date: 30-September-2025
Listing Date: 03-October-2025
Type: BSE SME
Company Name: Earkart
Status: Listed
IPO GMP: N/A
Price: ₹135
Listed Price: ₹135.5
Profit/Loss: 0.37%
IPO Size: ₹46.76 Cr
Lot Size: 1000 Shares
Open Date: 25-September-2025
Close Date: 29-September-2025
BoA Date: 30-September-2025
Listing Date: 03-October-2025
Type: BSE SME
Company Name: Ecoline Exim
Status: Listed
IPO GMP: N/A
Price: ₹141
Listed Price: ₹140.85
Profit/Loss: -0.11%
IPO Size: ₹72.59 Cr
Lot Size: 1000 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: NSE SME
Company Name: Epack Prefab Technologies
Status: Listed
IPO GMP: N/A
Price: ₹204
Listed Price: ₹183.85
Profit/Loss: -9.88%
IPO Size: ₹504.00 Cr
Lot Size: 73 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: Mainboard
Company Name: Ganesh Consumer Products
Status: Listed
IPO GMP: ₹-9
Price: ₹322
Listed Price: ₹296.05
Profit/Loss: -8.06%
IPO Size: ₹408.80 Cr
Lot Size: 46 Shares
Open Date: 22-September-2025
Close Date: 24-September-2025
BoA Date: 25-September-2025
Listing Date: 29-September-2025
Type: Mainboard
Company Name: Gujarat Peanut
Status: Listed
IPO GMP: ₹55
Price: ₹80
Listed Price: ₹64
Profit/Loss: -20%
IPO Size: ₹22.62 Cr
Lot Size: 1600 Shares
Open Date: 25-September-2025
Close Date: 29-September-2025
BoA Date: 30-September-2025
Listing Date: 03-October-2025
Type: BSE SME
Company Name: Gurunanak Agriculture
Status: Listed
IPO GMP: N/A
Price: ₹75
Listed Price: ₹60
Profit/Loss: -20%
IPO Size: ₹27.36 Cr
Lot Size: 1600 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: NSE SME
Company Name: Jain Resource Recycling
Status: Listed
IPO GMP: ₹13
Price: ₹232
Listed Price: ₹265.05
Profit/Loss: 14.25%
IPO Size: ₹1250.00 Cr
Lot Size: 64 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: Mainboard
Company Name: Jaro Institute
Status: Listed
IPO GMP: ₹43
Price: ₹890
Listed Price: ₹890
Profit/Loss: 0%
IPO Size: ₹450.00 Cr
Lot Size: 16 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: Mainboard
Company Name: Jinkushal Industries
Status: Listed
IPO GMP: ₹20
Price: ₹121
Listed Price: ₹125
Profit/Loss: 3.31%
IPO Size: ₹116.15 Cr
Lot Size: 120 Shares
Open Date: 25-September-2025
Close Date: 29-September-2025
BoA Date: 30-September-2025
Listing Date: 03-October-2025
Type: Mainboard
Company Name: Justo Realfintech
Status: Listed
IPO GMP: ₹4
Price: ₹127
Listed Price: ₹126.9
Profit/Loss: -0.08%
IPO Size: ₹59.82 Cr
Lot Size: 1000 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: BSE SME
Company Name: Matrix Geo Solutions
Status: Listed
IPO GMP: ₹9
Price: ₹104
Listed Price: ₹103.9
Profit/Loss: -0.1%
IPO Size: ₹37.98 Cr
Lot Size: 1200 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: NSE SME
Company Name: Praruh Technologies
Status: Listed
IPO GMP: N/A
Price: ₹63
Listed Price: ₹63
Profit/Loss: 0%
IPO Size: ₹22.31 Cr
Lot Size: 2000 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: BSE SME
Company Name: Prime Cable Industries
Status: Listed
IPO GMP: ₹-2
Price: ₹83
Listed Price: ₹81
Profit/Loss: -2.41%
IPO Size: ₹38.03 Cr
Lot Size: 1600 Shares
Open Date: 22-September-2025
Close Date: 24-September-2025
BoA Date: 25-September-2025
Listing Date: 29-September-2025
Type: NSE SME
Company Name: Saatvik Green Energy
Status: Listed
IPO GMP: ₹10
Price: ₹465
Listed Price: ₹465
Profit/Loss: 0%
IPO Size: ₹900.2 Cr
Lot Size: 32 Shares
Open Date: 19-September-2025
Close Date: 23-September-2025
BoA Date: 24-September-2025
Listing Date: 26-September-2025
Type: Mainboard
Company Name: Seshaasai Technologies
Status: Listed
IPO GMP: ₹40
Price: ₹423
Listed Price: ₹432
Profit/Loss: 2.13%
IPO Size: ₹813.28 Cr
Lot Size: 35 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: Mainboard
Company Name: Siddhi Cotspin
Status: Listed
IPO GMP: N/A
Price: ₹108
Listed Price: ₹86.4
Profit/Loss: -20%
IPO Size: ₹66.36 Cr
Lot Size: 1200 Shares
Open Date: 19-September-2025
Close Date: 23-September-2025
BoA Date: 24-September-2025
Listing Date: 26-September-2025
Type: NSE SME
Company Name: Solarworld Energy Solutions
Status: Listed
IPO GMP: ₹40
Price: ₹351
Listed Price: ₹388.5
Profit/Loss: 10.68%
IPO Size: ₹490.00 Cr
Lot Size: 42 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: Mainboard
Company Name: Solvex Edibles
Status: Listed
IPO GMP: N/A
Price: ₹72
Listed Price: ₹68
Profit/Loss: -5.56%
IPO Size: ₹17.93 Cr
Lot Size: 1600 Shares
Open Date: 22-September-2025
Close Date: 24-September-2025
BoA Date: 25-September-2025
Listing Date: 29-September-2025
Type: BSE SME
Company Name: Systematic Industries
Status: Listed
IPO GMP: ₹1
Price: ₹195
Listed Price: ₹193.8
Profit/Loss: -0.62%
IPO Size: ₹109.75 Cr
Lot Size: 600 Shares
Open Date: 24-September-2025
Close Date: 26-September-2025
BoA Date: 29-September-2025
Listing Date: 01-October-2025
Type: BSE SME
Company Name: Telge Projects
Status: Listed
IPO GMP: N/A
Price: ₹105
Listed Price: ₹108.1
Profit/Loss: 2.95%
IPO Size: ₹25.87 Cr
Lot Size: 1200 Shares
Open Date: 25-September-2025
Close Date: 29-September-2025
BoA Date: 30-September-2025
Listing Date: 03-October-2025
Type: BSE SME
Company Name: TruAlt Bioenergy
Status: Listed
IPO GMP: ₹85
Price: ₹496
Listed Price: ₹547.1
Profit/Loss: 10.3%
IPO Size: ₹839.28 Cr
Lot Size: 30 Shares
Open Date: 25-September-2025
Close Date: 29-September-2025
BoA Date: 30-September-2025
Listing Date: 03-October-2025
Type: Mainboard
Company Name: True Colors
Status: Listed
IPO GMP: ₹5
Price: ₹191
Listed Price: ₹191
Profit/Loss: 0%
IPO Size: ₹121.54 Cr
Lot Size: 600 Shares
Open Date: 23-September-2025
Close Date: 25-September-2025
BoA Date: 26-September-2025
Listing Date: 30-September-2025
Type: BSE SME
Company Name: Abril Paper Tech
Status: Listed
IPO GMP: ₹3
Price: ₹61
Listed Price: ₹48.8
Profit/Loss: -20%
IPO Size: ₹12.74 Cr
Lot Size: 2000 Shares
Open Date: 29-August-2025
Close Date: 02-September-2025
BoA Date: 03-September-2025
Listing Date: 05-September-2025
Type: BSE SME
Company Name: Airfloa Rail Technology
Status: Listed
IPO GMP: ₹175
Price: ₹140
Listed Price: ₹266
Profit/Loss: 90%
IPO Size: ₹86.53 Cr
Lot Size: 1000 Shares
Open Date: 11-September-2025
Close Date: 15-September-2025
BoA Date: 16-September-2025
Listing Date: 18-September-2025
Type: BSE SME
Company Name: Amanta Healthcare
Status: Listed
IPO GMP: ₹9
Price: ₹126
Listed Price: ₹135
Profit/Loss: 7.14%
IPO Size: ₹126.00 Cr
Lot Size: 119 Shares
Open Date: 01-September-2025
Close Date: 03-September-2025
BoA Date: 04-September-2025
Listing Date: 09-September-2025
Type: Mainboard
Company Name: ANB Metal Cast
Status: Listed
IPO GMP: N/A
Price: ₹156
Listed Price: ₹164
Profit/Loss: 5.13%
IPO Size: ₹46.80 Cr
Lot Size: 800 Shares
Open Date: 08-August-2025
Close Date: 12-August-2025
BoA Date: 13-August-2025
Listing Date: 18-August-2025
Type: NSE SME
Company Name: Anlon Healthcare
Status: Listed
IPO GMP: ₹1
Price: ₹91
Listed Price: ₹92
Profit/Loss: 1.1%
IPO Size: ₹121.03 Cr
Lot Size: 164 Shares
Open Date: 26-August-2025
Close Date: 29-August-2025
BoA Date: 01-September-2025
Listing Date: 03-September-2025
Type: Mainboard
Company Name: Anondita Medicare
Status: Listed
IPO GMP: ₹89
Price: ₹145
Listed Price: ₹275.5
Profit/Loss: 90%
IPO Size: ₹65.58 Cr
Lot Size: 1000 Shares
Open Date: 22-August-2025
Close Date: 26-August-2025
BoA Date: 28-August-2025
Listing Date: 01-September-2025
Type: NSE SME
Company Name: ARC Insulation
Status: Listed
IPO GMP: ₹80
Price: ₹125
Listed Price: ₹145
Profit/Loss: 16%
IPO Size: ₹39.13 Cr
Lot Size: 1000 Shares
Open Date: 21-August-2025
Close Date: 25-August-2025
BoA Date: 26-August-2025
Listing Date: 29-August-2025
Type: NSE SME
Company Name: Austere Systems
Status: Listed
IPO GMP: ₹32
Price: ₹55
Listed Price: ₹75.55
Profit/Loss: 37.36%
IPO Size: ₹14.78 Cr
Lot Size: 2000 Shares
Open Date: 03-September-2025
Close Date: 09-September-2025
BoA Date: 10-September-2025
Listing Date: 12-September-2025
Type: BSE SME
Company Name: BlueStone Jewellery
Status: Listed
IPO GMP: ₹2
Price: ₹517
Listed Price: ₹510
Profit/Loss: -1.35%
IPO Size: ₹1540.65 Cr
Lot Size: 29 Shares
Open Date: 11-August-2025
Close Date: 13-August-2025
BoA Date: 14-August-2025
Listing Date: 19-August-2025
Type: Mainboard
Company Name: Classic Electrodes
Status: Listed
IPO GMP: ₹22
Price: ₹87
Listed Price: ₹100
Profit/Loss: 14.94%
IPO Size: ₹39.09 Cr
Lot Size: 1600 Shares
Open Date: 22-August-2025
Close Date: 26-August-2025
BoA Date: 28-August-2025
Listing Date: 01-September-2025
Type: NSE SME
Company Name: Current Infraprojects
Status: Listed
IPO GMP: ₹50
Price: ₹80
Listed Price: ₹152
Profit/Loss: 90%
IPO Size: ₹39.65 Cr
Lot Size: 1600 Shares
Open Date: 26-August-2025
Close Date: 29-August-2025
BoA Date: 01-September-2025
Listing Date: 03-September-2025
Type: NSE SME
Company Name: Dev Accelerator
Status: Listed
IPO GMP: ₹6
Price: ₹61
Listed Price: ₹61
Profit/Loss: 0%
IPO Size: ₹143.35 Cr
Lot Size: 235 Shares
Open Date: 10-September-2025
Close Date: 12-September-2025
BoA Date: 15-September-2025
Listing Date: 17-September-2025
Type: Mainboard
Company Name: Euro Pratik Sales
Status: Listed
IPO GMP: ₹6
Price: ₹247
Listed Price: ₹272.1
Profit/Loss: 10.16%
IPO Size: ₹451.39 Cr
Lot Size: 60 Shares
Open Date: 16-September-2025
Close Date: 18-September-2025
BoA Date: 19-September-2025
Listing Date: 23-September-2025
Type: Mainboard
Company Name: Galaxy Medicare
Status: Listed
IPO GMP: N/A
Price: ₹54
Listed Price: ₹54
Profit/Loss: 0%
IPO Size: ₹21.19 Cr
Lot Size: 2000 Shares
Open Date: 10-September-2025
Close Date: 12-September-2025
BoA Date: 15-September-2025
Listing Date: 17-September-2025
Type: NSE SME
Company Name: Gem Aromatics
Status: Listed
IPO GMP: ₹33
Price: ₹325
Listed Price: ₹333.1
Profit/Loss: 2.49%
IPO Size: ₹451.25 Cr
Lot Size: 46 Shares
Open Date: 19-August-2025
Close Date: 21-August-2025
BoA Date: 22-August-2025
Listing Date: 26-August-2025
Type: Mainboard
Company Name: GK Energy
Status: Listed
IPO GMP: ₹18
Price: ₹153
Listed Price: ₹171
Profit/Loss: 11.76%
IPO Size: ₹464.26 Cr
Lot Size: 98 Shares
Open Date: 19-September-2025
Close Date: 23-September-2025
BoA Date: 24-September-2025
Listing Date: 26-September-2025
Type: Mainboard
Company Name: Globtier Infotech
Status: Listed
IPO GMP: N/A
Price: ₹72
Listed Price: ₹57.6
Profit/Loss: -20%
IPO Size: ₹29.43 Cr
Lot Size: 1600 Shares
Open Date: 25-August-2025
Close Date: 28-August-2025
BoA Date: 29-August-2025
Listing Date: 02-September-2025
Type: BSE SME
Company Name: Goel Construction
Status: Listed
IPO GMP: ₹50
Price: ₹263
Listed Price: ₹329
Profit/Loss: 25.1%
IPO Size: ₹95.14 Cr
Lot Size: 400 Shares
Open Date: 02-September-2025
Close Date: 04-September-2025
BoA Date: 08-September-2025
Listing Date: 09-September-2025
Type: BSE SME
Company Name: Icodex Publishing Solutions
Status: Listed
IPO GMP: N/A
Price: ₹102
Listed Price: ₹81.6
Profit/Loss: -20%
IPO Size: ₹39.93 Cr
Lot Size: 1200 Shares
Open Date: 11-August-2025
Close Date: 13-August-2025
BoA Date: 14-August-2025
Listing Date: 19-August-2025
Type: BSE SME
Company Name: Ivalue Infosolutions
Status: Listed
IPO GMP: N/A
Price: ₹299
Listed Price: ₹284.95
Profit/Loss: -4.7%
IPO Size: ₹560.29 Cr
Lot Size: 50 Shares
Open Date: 18-September-2025
Close Date: 22-September-2025
BoA Date: 23-September-2025
Listing Date: 25-September-2025
Type: Mainboard
Company Name: Jay Ambe Supermarkets
Status: Listed
IPO GMP: ₹5
Price: ₹78
Listed Price: ₹79
Profit/Loss: 1.28%
IPO Size: ₹17.52 Cr
Lot Size: 1600 Shares
Open Date: 10-September-2025
Close Date: 12-September-2025
BoA Date: 15-September-2025
Listing Date: 17-September-2025
Type: BSE SME
Company Name: JD Cables
Status: Listed
IPO GMP: ₹21
Price: ₹152
Listed Price: ₹160
Profit/Loss: 5.26%
IPO Size: ₹91.19 Cr
Lot Size: 800 Shares
Open Date: 18-September-2025
Close Date: 22-September-2025
BoA Date: 23-September-2025
Listing Date: 25-September-2025
Type: BSE SME
Company Name: Karbonsteel Engineering
Status: Listed
IPO GMP: ₹23
Price: ₹159
Listed Price: ₹185.1
Profit/Loss: 16.42%
IPO Size: ₹56.31 Cr
Lot Size: 800 Shares
Open Date: 09-September-2025
Close Date: 11-September-2025
BoA Date: 12-September-2025
Listing Date: 16-September-2025
Type: BSE SME
Company Name: Krupalu Metals
Status: Listed
IPO GMP: N/A
Price: ₹72
Listed Price: ₹57.6
Profit/Loss: -20%
IPO Size: ₹12.80 Cr
Lot Size: 1600 Shares
Open Date: 08-September-2025
Close Date: 11-September-2025
BoA Date: 12-September-2025
Listing Date: 16-September-2025
Type: BSE SME
Company Name: L.T.Elevator
Status: Listed
IPO GMP: ₹45
Price: ₹78
Listed Price: ₹136.1
Profit/Loss: 74.49%
IPO Size: ₹37.40 Cr
Lot Size: 1600 Shares
Open Date: 12-September-2025
Close Date: 16-September-2025
BoA Date: 17-September-2025
Listing Date: 19-September-2025
Type: BSE SME
Company Name: LGT Business Connextions
Status: Listed
IPO GMP: N/A
Price: ₹107
Listed Price: ₹107
Profit/Loss: 0%
IPO Size: ₹26.68 Cr
Lot Size: 1200 Shares
Open Date: 19-August-2025
Close Date: 21-August-2025
BoA Date: 22-August-2025
Listing Date: 26-August-2025
Type: BSE SME
Company Name: Mahendra Realtors
Status: Listed
IPO GMP: ₹-10
Price: ₹85
Listed Price: ₹68
Profit/Loss: -20%
IPO Size: ₹46.97 Cr
Lot Size: 1600 Shares
Open Date: 12-August-2025
Close Date: 14-August-2025
BoA Date: 18-August-2025
Listing Date: 20-August-2025
Type: NSE SME
Company Name: Mangal Electrical
Status: Listed
IPO GMP: ₹-3
Price: ₹561
Listed Price: ₹556
Profit/Loss: -0.89%
IPO Size: ₹400.00 Cr
Lot Size: 26 Shares
Open Date: 20-August-2025
Close Date: 22-August-2025
BoA Date: 25-August-2025
Listing Date: 28-August-2025
Type: Mainboard
Company Name: Medistep Healthcare
Status: Listed
IPO GMP: ₹8
Price: ₹43
Listed Price: ₹53
Profit/Loss: 23.26%
IPO Size: ₹15.29 Cr
Lot Size: 3000 Shares
Open Date: 08-August-2025
Close Date: 12-August-2025
BoA Date: 13-August-2025
Listing Date: 18-August-2025
Type: NSE SME
Company Name: Nilachal Carbo Metalicks
Status: Listed
IPO GMP: N/A
Price: ₹85
Listed Price: ₹68
Profit/Loss: -20%
IPO Size: ₹53.28 Cr
Lot Size: 1600 Shares
Open Date: 08-September-2025
Close Date: 11-September-2025
BoA Date: 12-September-2025
Listing Date: 16-September-2025
Type: BSE SME
Company Name: NIS Management
Status: Listed
IPO GMP: N/A
Price: ₹111
Listed Price: ₹108
Profit/Loss: -2.7%
IPO Size: ₹56.34 Cr
Lot Size: 1200 Shares
Open Date: 25-August-2025
Close Date: 28-August-2025
BoA Date: 29-August-2025
Listing Date: 02-September-2025
Type: BSE SME
Company Name: Optivalue Tek Consulting
Status: Listed
IPO GMP: ₹13
Price: ₹84
Listed Price: ₹103.6
Profit/Loss: 23.33%
IPO Size: ₹49.19 Cr
Lot Size: 1600 Shares
Open Date: 02-September-2025
Close Date: 04-September-2025
BoA Date: 08-September-2025
Listing Date: 10-September-2025
Type: NSE SME
Company Name: Oval Projects Engineering
Status: Listed
IPO GMP: N/A
Price: ₹85
Listed Price: ₹85.25
Profit/Loss: 0.29%
IPO Size: ₹44.16 Cr
Lot Size: 1600 Shares
Open Date: 28-August-2025
Close Date: 01-September-2025
BoA Date: 02-September-2025
Listing Date: 04-September-2025
Type: BSE SME
Company Name: Patel Retail
Status: Listed
IPO GMP: ₹52
Price: ₹255
Listed Price: ₹300
Profit/Loss: 17.65%
IPO Size: ₹242.66 Cr
Lot Size: 58 Shares
Open Date: 19-August-2025
Close Date: 21-August-2025
BoA Date: 22-August-2025
Listing Date: 26-August-2025
Type: Mainboard
Company Name: Rachit Prints
Status: Listed
IPO GMP: N/A
Price: ₹149
Listed Price: ₹119.2
Profit/Loss: -20%
IPO Size: ₹18.52 Cr
Lot Size: 1000 Shares
Open Date: 01-September-2025
Close Date: 03-September-2025
BoA Date: 04-September-2025
Listing Date: 08-September-2025
Type: BSE SME
Company Name: Regaal Resources
Status: Listed
IPO GMP: ₹31
Price: ₹102
Listed Price: ₹141
Profit/Loss: 38.24%
IPO Size: ₹306.00 Cr
Lot Size: 144 Shares
Open Date: 12-August-2025
Close Date: 14-August-2025
BoA Date: 18-August-2025
Listing Date: 20-August-2025
Type: Mainboard
Company Name: Sampat Aluminium
Status: Listed
IPO GMP: ₹10.5
Price: ₹120
Listed Price: ₹120
Profit/Loss: 0%
IPO Size: ₹28.51 Cr
Lot Size: 1200 Shares
Open Date: 17-September-2025
Close Date: 19-September-2025
BoA Date: 22-September-2025
Listing Date: 24-September-2025
Type: BSE SME
Company Name: Sattva Engineering Construction
Status: Listed
IPO GMP: ₹24
Price: ₹75
Listed Price: ₹95.1
Profit/Loss: 26.8%
IPO Size: ₹33.58 Cr
Lot Size: 1600 Shares
Open Date: 26-August-2025
Close Date: 29-August-2025
BoA Date: 01-September-2025
Listing Date: 03-September-2025
Type: NSE SME
Company Name: Sharvaya Metals
Status: Listed
IPO GMP: ₹20
Price: ₹196
Listed Price: ₹219
Profit/Loss: 11.73%
IPO Size: ₹55.86 Cr
Lot Size: 600 Shares
Open Date: 04-September-2025
Close Date: 09-September-2025
BoA Date: 10-September-2025
Listing Date: 12-September-2025
Type: BSE SME
Company Name: Shivashrit Foods
Status: Listed
IPO GMP: ₹1
Price: ₹142
Listed Price: ₹148.5
Profit/Loss: 4.58%
IPO Size: ₹66.51 Cr
Lot Size: 1000 Shares
Open Date: 22-August-2025
Close Date: 26-August-2025
BoA Date: 28-August-2025
Listing Date: 01-September-2025
Type: NSE SME
Company Name: Shreeji Shipping Global
Status: Listed
IPO GMP: ₹34
Price: ₹252
Listed Price: ₹270
Profit/Loss: 7.14%
IPO Size: ₹410.71 Cr
Lot Size: 58 Shares
Open Date: 19-August-2025
Close Date: 21-August-2025
BoA Date: 22-August-2025
Listing Date: 26-August-2025
Type: Mainboard
Company Name: Shringar House of Mangalsutra
Status: Listed
IPO GMP: ₹21
Price: ₹165
Listed Price: ₹188.5
Profit/Loss: 14.24%
IPO Size: ₹400.95 Cr
Lot Size: 90 Shares
Open Date: 10-September-2025
Close Date: 12-September-2025
BoA Date: 15-September-2025
Listing Date: 17-September-2025
Type: Mainboard
Company Name: Snehaa Organics
Status: Listed
IPO GMP: ₹2
Price: ₹122
Listed Price: ₹122
Profit/Loss: 0%
IPO Size: ₹31.05 Cr
Lot Size: 1000 Shares
Open Date: 29-August-2025
Close Date: 02-September-2025
BoA Date: 03-September-2025
Listing Date: 05-September-2025
Type: NSE SME
Company Name: Star Imaging
Status: Listed
IPO GMP: ₹5
Price: ₹142
Listed Price: ₹142
Profit/Loss: 0%
IPO Size: ₹62.65 Cr
Lot Size: 1000 Shares
Open Date: 08-August-2025
Close Date: 12-August-2025
BoA Date: 13-August-2025
Listing Date: 18-August-2025
Type: BSE SME
Company Name: Studio LSD
Status: Listed
IPO GMP: N/A
Price: ₹54
Listed Price: ₹43.2
Profit/Loss: -20%
IPO Size: ₹70.53 Cr
Lot Size: 2000 Shares
Open Date: 18-August-2025
Close Date: 20-August-2025
BoA Date: 21-August-2025
Listing Date: 25-August-2025
Type: NSE SME
Company Name: Sugs Lloyd
Status: Listed
IPO GMP: ₹1.5
Price: ₹123
Listed Price: ₹119.9
Profit/Loss: -2.52%
IPO Size: ₹81.35 Cr
Lot Size: 1000 Shares
Open Date: 29-August-2025
Close Date: 02-September-2025
BoA Date: 03-September-2025
Listing Date: 05-September-2025
Type: BSE SME
Company Name: Taurian MPS
Status: Listed
IPO GMP: ₹14
Price: ₹171
Listed Price: ₹210
Profit/Loss: 22.81%
IPO Size: ₹37.41 Cr
Lot Size: 800 Shares
Open Date: 09-September-2025
Close Date: 11-September-2025
BoA Date: 12-September-2025
Listing Date: 16-September-2025
Type: NSE SME
Company Name: TechD Cybersecurity Limited
Status: Listed
IPO GMP: ₹210
Price: ₹193
Listed Price: ₹366.7
Profit/Loss: 90%
IPO Size: ₹37.03 Cr
Lot Size: 600 Shares
Open Date: 15-September-2025
Close Date: 17-September-2025
BoA Date: 18-September-2025
Listing Date: 22-September-2025
Type: NSE SME
Company Name: Urban Company
Status: Listed
IPO GMP: ₹54
Price: ₹103
Listed Price: ₹162.25
Profit/Loss: 57.52%
IPO Size: ₹1900.00 Cr
Lot Size: 145 Shares
Open Date: 10-September-2025
Close Date: 12-September-2025
BoA Date: 15-September-2025
Listing Date: 17-September-2025
Type: Mainboard
Company Name: Vashishtha Luxury Fashion
Status: Listed
IPO GMP: ₹8
Price: ₹111
Listed Price: ₹118
Profit/Loss: 6.31%
IPO Size: ₹8.42 Cr
Lot Size: 1200 Shares
Open Date: 05-September-2025
Close Date: 10-September-2025
BoA Date: 11-September-2025
Listing Date: 15-September-2025
Type: BSE SME
Company Name: Vigor Plast
Status: Listed
IPO GMP: N/A
Price: ₹81
Listed Price: ₹85
Profit/Loss: 4.94%
IPO Size: ₹23.85 Cr
Lot Size: 1600 Shares
Open Date: 04-September-2025
Close Date: 09-September-2025
BoA Date: 10-September-2025
Listing Date: 12-September-2025
Type: NSE SME
Company Name: Vikram Solar
Status: Listed
IPO GMP: ₹35
Price: ₹332
Listed Price: ₹338
Profit/Loss: 1.81%
IPO Size: ₹2079.37 Cr
Lot Size: 45 Shares
Open Date: 19-August-2025
Close Date: 21-August-2025
BoA Date: 22-August-2025
Listing Date: 26-August-2025
Type: Mainboard
Company Name: Vikran Engineering
Status: Listed
IPO GMP: ₹7
Price: ₹97
Listed Price: ₹99
Profit/Loss: 2.06%
IPO Size: ₹772.00 Cr
Lot Size: 148 Shares
Open Date: 26-August-2025
Close Date: 29-August-2025
BoA Date: 01-September-2025
Listing Date: 03-September-2025
Type: Mainboard
Company Name: VMS TMT
Status: Listed
IPO GMP: ₹11
Price: ₹99
Listed Price: ₹104.9
Profit/Loss: 5.96%
IPO Size: ₹148.50 Cr
Lot Size: 150 Shares
Open Date: 17-September-2025
Close Date: 19-September-2025
BoA Date: 22-September-2025
Listing Date: 24-September-2025
Type: Mainboard
Gray Market IPO Mystery: What Every IPO Investor Should Really Know About GMP
Let’s be honest—IPOs can feel like a roller coaster. Especially when everyones talking about this mysterious thing called “Grey Market Premium” or GMP. You’ve probably heard friends say “Oh the GMP is really high on this one!” and wondered what the heck they’re talking about. Trust me I’ve been there too.
What Exactly Is This Grey Market Thing?
Think of the grey market as the unofficial hangout spot for stock traders before an IPO goes live. It’s not illegal but its also not officially recognized by SEBI or the stock exchanges. Picture it like this: you and your friends agreeing to trade baseball cards before the official card shop opens. Everything runs on trust handshake deals and a lot of hope.
The grey market kicks into gear the moment a company announces it’s IPO price band—usually 10-15 days before the actual subscription opens. Its where people buy and sell IPO shares (or even just applications) based on what they think the stock will be worth once it hits the real market.
Breaking Down Grey Market Premium (GMP)
Heres where it gets interesting. GMP is simply the extra amount people are willing to pay above the IPO issue price in this unofficial market.
Lets say XYZ Company prices their IPO at ₹100 per share. But in the grey market people are trading it for ₹150. That ₹50 difference? Thats your GMP. Its basically the markets way of saying “We think this stock is going to list higher than the issue price.”
The math is pretty straightforward:
Expected Listing Price = IPO Issue Price + GMP
The Players and The Game
The grey market isn’t run by some shadowy organization (though it sounds like it right?). Its mostly operated by dealers and brokers who know each other and have built trust over years of trading. They match buyers with sellers take their cut and everyone hopes for the best.
What makes this interesting is that these arent just random people—often you’ll find institutional investors HNIs (High Net Worth Individuals) and even retail investors who know the ropes.
Beyond GMP: Kostak Rate and Subject to Sauda
Now heres where things get a bit more complex (but stick with me—its actually pretty clever). There are two other ways people trade in the grey market:
Kostak Rate: This is when someone buys your entire IPO application—whether you get shares or not. Say you applied for an IPO someone offers you ₹1,000 for your application. Win or lose you get that ₹1,000 but you give up any potential gains.
Subject to Sauda: This is like Kostaks cautious cousin. The buyer only pays you if you actually get the share allotment. No allotment? No deal. Its safer for the buyer which is why these rates are usually higher than Kostak rates.
The Reality Check: Can You Trust GMP?
Here’s the thing—and this is where I need to be completely honest with you—GMP is basically educated guesswork with a fancy name. Sure it can give you a sense of market sentiment but its not some crystal ball that predicts the future.
Ive seen IPOs with sky-high GMPs crash on listing day and others with modest GMPs surprise everyone with stellar debuts. The grey market runs on speculation and speculation can be wrong—really wrong.
The Risks Nobody Talks About Enough
Lets address the elephant in the room. Trading in the grey market is risky business:
No Legal Protection: If someone backs out of a deal you cant run to SEBI or the courts. Its all based on trust.
Price Manipulation: Since theres no official price discovery dealers can pretty much quote whatever they want.
Volatility: GMP can swing wildly based on rumors market sentiment or even what someone had for breakfast.
No Transparency: Unlike official stock exchanges where you can see order books and trading volumes the grey market is like playing poker with your cards face down.
How to Use GMP Wisely (If At All)
Look Im not going to tell you to completely ignore GMP—it does reflect investor sentiment to some degree. But if youre going to pay attention to it heres how to be smart about it:
Use It as One Indicator Among Many: Dont let GMP be your only deciding factor. Look at the companys fundamentals the market conditions and the sector outlook.
Watch the Trend Not Just the Number: Is the GMP rising or falling? Are people getting more excited or cooling off?
Remember Its Unofficial: Treat GMP numbers like you would gossip—interesting possibly useful but not necessarily true.
The Bottom Line
The grey market and GMP are fascinating parts of Indias IPO ecosystem. They give us a peek into what people think before the official show begins. But remember—this is all happening in the shadows without rules or referees.
If youre new to IPO investing my advice? Learn about GMP understand what it means but dont let it drive your investment decisions. Focus on the companys business model growth prospects and whether it fits your investment goals.
And if you do decide to dabble in grey market trading? Go in with your eyes wide open never invest more than you can afford to lose and remember that trust is the only currency that matters in this unofficial world.
The grey market will probably always be part of Indias IPO story—its too ingrained in our investing culture to disappear. Just make sure you understand the game before you decide to play.
Happy investing and remember—sometimes the best trade is the one you don’t make!