What is IPO GMP (Grey Market Premium)?

GMP is the premium at which an IPO’s shares trade in the unofficial grey market before they list on the exchange. A GMP of ₹100 on a ₹500 issue implies the market expects the share to list around ₹600.

GMP is an unofficial indicator set by grey market dealers, not the exchange or the company. It signals sentiment but is not a guarantee of the actual listing price, and it can change quickly.

How often is GMP updated on ipostation?

We refresh GMP several times through the day so you see the latest grey-market sentiment for each open, upcoming and recently closed IPO — GMP moves most in the days before listing.

How is the expected listing price calculated?

Expected listing price is the upper price band plus the current GMP. For a ₹570 upper band with a ₹145 GMP, the expected listing price is ₹715.

Grey Market Premium

IPO GMP Today – Live Grey Market Premium

Latest grey market premium for every open, upcoming and recently closed Mainboard and SME IPO, with expected listing price. GMP matters most between close and listing — updated through the day.

Last updated: 14 Oct 2026, 1:00 pm IST · New to GMP? Read what IPO GMP is and how to read it.

IPO	GMP (₹)	GMP (%)	Status	Price Band	Est. Listing
Bonfigloli TransmissionsNSE · BSE	₹175	+29.9%	Upcoming	₹558–586	₹761
National Stock Exchange of IndiaBSE	₹285	0.0%	Upcoming	—	—
Jio PlatformsNSE · BSE	₹218	0.0%	Upcoming	—	—
Tonbo Imaging IndiaNSE · BSE	₹500	+71.4%	Upcoming	₹665–700	₹1,200
Sahajanand Medical TechnologiesNSE · BSE	₹41	+11.9%	Upcoming	₹327–344	₹385
Bonfiglioli TransmissionsNSE · BSE	₹175	+29.9%	Upcoming	₹586	₹761
ZetwerkNSE · BSE	₹24	+15.9%	Upcoming	₹143–151	₹175
Fusion CXNSE · BSE	₹31	+10.7%	Open	₹275–289	₹320
HD Fire ProtectNSE · BSE	₹91	+33.6%	Open	₹258–271	₹362
NSENSE	₹40	+2.2%	Closed	₹1,700–1,785	₹1,825
Pernia's Pop-up StudioNSE · BSE	₹-10	-1.7%	Closed	₹546–575	₹565

IPO	GMP (₹)	GMP (%)	Status	Price Band	Est. Listing
Shellz IndiaBSE	₹0	0.0%	Upcoming	₹170–179	₹179
Ravita Engineering ServicesNSE	₹2	+1.8%	Open	₹105–112	₹114
Vaibhav VyapaarNSE	₹0	0.0%	Open	₹51–54	₹54

Disclaimer: GMP is an unofficial figure sourced from grey market dealers and is not a guarantee of listing price. It is provided for informational purposes only and should not be treated as investment advice. How we source GMP · how accurate GMP is · full disclaimer.

IPO GMP — Frequently asked questions

What is IPO GMP (Grey Market Premium)?: GMP is the premium at which an IPO’s shares trade in the unofficial grey market before they list on the exchange. A GMP of ₹100 on a ₹500 issue implies the market expects the share to list around ₹600.
Is IPO GMP reliable?: GMP is an unofficial indicator set by grey market dealers, not the exchange or the company. It signals sentiment but is not a guarantee of the actual listing price, and it can change quickly.
How often is GMP updated on ipostation?: We refresh GMP several times through the day so you see the latest grey-market sentiment for each open, upcoming and recently closed IPO — GMP moves most in the days before listing.
How is the expected listing price calculated?: Expected listing price is the upper price band plus the current GMP. For a ₹570 upper band with a ₹145 GMP, the expected listing price is ₹715.