NSE IPO GMP History
Final pre-listing GMP reading: 24 Sept 2026, 5:00 am IST
GMP applies before listing only. The figures below are a historical record of grey market sentiment ahead of the debut on 24 Sept 2026 — see listing performance for the actual outcome.
GMP trend
GMP moved from ₹0 on 1 Sept 2026 to ₹40 on 24 Sept 2026.
Day-wise GMP history
| Date | GMP | Implied Return | Subject to Sauda | Implied Listing |
|---|---|---|---|---|
| 24 Sept 2026 | ₹40 | +2.2% | — | ₹1,825 |
| 23 Sept 2026 | ₹40 | +2.2% | ₹200 | ₹1,825 |
| 22 Sept 2026 | ₹44 | +2.5% | ₹300 | ₹1,829 |
| 21 Sept 2026 | ₹56 | +3.1% | ₹400 | ₹1,841 |
| 20 Sept 2026 | ₹40 | +2.2% | ₹300 | ₹1,825 |
| 19 Sept 2026 | ₹73 | +4.1% | ₹400 | ₹1,858 |
| 18 Sept 2026 | ₹113 | +6.3% | ₹700 | ₹1,898 |
| 17 Sept 2026 | ₹142 | +8.0% | ₹900 | ₹1,927 |
| 16 Sept 2026 | ₹162 | +9.1% | ₹900 | ₹1,947 |
| 15 Sept 2026 | ₹160 | +9.0% | ₹1,000 | ₹1,945 |
| 14 Sept 2026 | ₹208 | +11.7% | ₹1,300 | ₹1,993 |
| 13 Sept 2026 | ₹210 | +11.8% | ₹1,300 | ₹1,995 |
| 12 Sept 2026 | ₹208 | +11.7% | ₹1,300 | ₹1,993 |
| 11 Sept 2026 | ₹218 | +12.2% | ₹1,300 | ₹2,003 |
| 10 Sept 2026 | ₹192 | +10.8% | ₹1,200 | ₹1,977 |
| 9 Sept 2026 | ₹218 | — | ₹0 | ₹2,003 |
| 8 Sept 2026 | ₹220 | +0.0% | ₹0 | ₹2,005 |
| 7 Sept 2026 | ₹252 | +0.0% | ₹0 | ₹2,037 |
| 6 Sept 2026 | ₹282 | +0.0% | ₹0 | ₹2,067 |
| 5 Sept 2026 | ₹335 | — | ₹0 | ₹2,120 |
| 4 Sept 2026 | ₹255 | — | ₹0 | ₹2,040 |
| 1 Sept 2026 | ₹0 | — | — | ₹1,785 |
GMP is an unofficial figure sourced from grey market dealers and is not a guarantee of the listing price. Provided for information only, not investment advice. How we source GMP · Disclaimer
Reading this GMP history
How the GMP moved
Dealer quotes for the NSE IPO open this series at ₹0 on 1 Sept 2026. The premium touched its high of ₹335 on 5 Sept 2026. The final reading before listing was ₹40, dated 24 Sept 2026. Over the 24-day span, that is a net rise of ₹40 per share. Day-end readings ranged between ₹0 and ₹335 across 22 days of data — a band of ₹335 that shows how much dealer sentiment shifted while the quote was live.
GMP versus the actual listing
The closing grey market quote of ₹40 translated to an implied listing near ₹1,825, against the ₹1,785 issue price. The stock actually debuted at ₹1,800, a listing gain of +0.8% on the issue price. That puts the actual debut ₹25 below what the final premium implied — a gap worth noting when weighing how much signal GMP carried for this issue.
Kostak and subject-to-sauda
Alongside the headline premium, dealers also quoted application-level rates for this issue. The subject-to-sauda rate — what a buyer pays for an application that is honoured only if it wins allotment — was last quoted at ₹200 per application as of 23 Sept 2026. Unlike a kostak deal, where an application changes hands at a fixed price regardless of the outcome, a sauda payout depends entirely on the allotment draw. At the prevailing premium, the dealer-estimated profit per lot stood at ₹320 on a lot of 8 shares. Both metrics come from the same dealer network as the GMP itself and move with it. Every grey market figure on this page is an unofficial number collected from grey-market dealers; it is not published by the company or the exchanges and is not a guarantee of the actual listing price.
Frequently asked questions
- What is the NSE IPO price band?
- The NSE IPO price band is ₹1700 to ₹1785 per share, with a lot size of 8 shares.
- What was the NSE IPO GMP before listing?
- The final grey market premium recorded before the NSE IPO listed was ₹40. The IPO listed on 24 Sept 2026 at ₹1,800, +0.8% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When is the NSE IPO allotment and listing date?
- Allotment is expected on 22 Sept 2026. The shares are scheduled to list on 24 Sept 2026 on BSE.