IPO Grey Market Premium and Discussion

Stay updated with the latest details of IPO Grey Market Premium (IPO GMP). Although grey market (also called gray market) is an informal setup and not recognized by stock exchanges, GMP of several IPOs has correctly predicted eventual listing prices.

Latest IPO grey market premium rates (14 March 2020)

IPO CompanyIPO DatePrice Band (INR)GMP (INR)Kostak (INR)Subject to Sauda (INR)
SBI Cards2-5 March 2020INR750-755-10No tradesNo trades
Antony Waste Handling Cell 4-16 March 2020INR295-300

* represents kostak for firm allotment

A gray market transaction involves the unofficial agreement between an IPO investor and a stock broker which allows investors to lock profits before the stock lists. Under this system, shares allotted to IPO applications are sold by brokers without transferring the shares to their accounts. Since this is an unwritten accord between two parties, it entirely depends on the trust between the investor and broker.

Important points about IPO grey market and IPO GMP: 

  • IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
  • Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!
  • IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
  • We don’t trade into grey market nor do we facilitate buying or selling of IPO forms. 
  • IPO GMP is the rate of premium an IPO commands per share in grey market.
  • Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

IPO Central is the best IPO research, recommendation and discussion platform for retail and HNI investors. Investors can also make use of our service for gaining an insight into brokerage house reports and analysts’ minds. Get detailed examination, grey market premium, and study of all upcoming IPOs in India.

Participate in lively IPO discussion and benefit from the perspective of other readers. Here is a list of the current, forthcoming and recently closed mainboard and SME IPOs in India. Click on the respective IPO and scroll down to the comments section.

Mainboard IPOIPO DatePrice per share
Rossari BiotechComing soonComing soon
Antony Waste Handling CellIPO WithdrawnIPO Withdrawn
SBI Cards2 - 5 MarINR750 - 755
Prince Pipes18 - 20 DecINR177 - 178
Ujjivan Bank2 - 4 DecINR36 - 37
Check more mainboard IPOs here
SME IPOIPO DatePrice per share
Ksolves India30 June - 3 JulyINR28
Ksolves India23 - 26 JuneINR100
Nirmitee Robotics31 Mar - 9 AprINR185
DJ Mediaprint26 - 31 MarINR20
Laxmi Goldorna House20 Mar - 3 Apr (Extended)INR15
Cospower Engineering17 - 19 MarINR51
Check more SME IPOs here

If you spot a new IPO and wish to nudge us about it, just drop us a comment below the text. Alternatively, you can write to us at admin at ipocentral.in. Here are some more resources for you:

Alternatively, you can check out our dedicated sections on IPO NewsSEBI approval statusIPO Review and Buybacks. If you are new to IPOs, you might want to go through our resources section which contains lot of information about the best practices to follow when it comes to primary markets.

30 COMMENTS

    • “Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.”

      It is mentioned in the article! Please see below the table. In short, you will need a broker who will buy your application and sell it to a wealthy HNI.

  1. when kostak application is sold to broker how it is settled? Is it off market or applicant sells on exchange and then settlement takes place.

  2. when kostak application is sold to broker ,how settlement takes place in case of allotment.Does it off market or applicant sells the allotted share in exchange and then settled? If that be the case who bear the tax burden?

  3. Tum log duniya ke pichhe rah jaoge.kyuki ipo ka gmp apne date to date update nai kar rahe ho.apse investor ka vishvas tutega.

  4. Good listing for Amber but nowhere close to the fake GMP many websites were claiming. IPOcentral was the closet to the actual listing price.

  5. Dear Sir/Madam,

    I hope you are having a good day. I am Raju Modhavadiya, a Retail Investor from Rajkot. I have done 2 application (600 shares x 2) for MMP Industries SME IPO with cut off price from my and my wife’s demat accounts.

    Now there were 1496250 shares for retail investor segment. For this segment, 726000 shares bid came with cut off price (i.e. Rs.188/-) and 1042200 shares bid came with price bids (i.e. Rs.186/- & Rs.187/-).

    According to my knowledge, if there is not 100% subscription with cut off price, all cut off price bidders should get allocation of shares and in this case, for MMP industries SME IPO, retail segment quota was not fully subscribed with cut off price according to information available from NSE website. Still there was no allocation of shares in both accounts.

    Please clarify on this.

    Thanks
    Raju A Modhavadiya

  6. I hope you are having a good day. I am vaishu patel a marketing scenario from ahmedabad.
    i m also interested in this website.so this website can also be usefull. i also like that.

  7. An IPO grey market is an OTC (over-the-counter) market where stocks and IPO applications are bought and sold even before they are available on stock exchanges. IPO grey market is based on utmost trust but is neither backed by stockbrokers nor SEBI.

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