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IPO GMP Today

Check live IPO GMP (Grey Market Premium) for Mainboard and SME IPOs. Get real-time updates on listing gain estimates and subscription status.

Highest Premium IPO
Live
Om Power Transmission IPO
Current Grey Market Premium
₹3.25
▲ 1.86% Gain
Issue Price₹175
Est. Listing₹178.25
View Full Analysis
Show SME IPOs:Enabled
Show SME IPOs:Enabled
IPO NamePriceGMPEst. ListingBiddingListing
P
Propshare Celestia IPO
Mainboard
-
₹0
0%
-
10 Apr→16 Apr
24 Apr 2026
O
Om Power Transmission IPO
Mainboard
175
+₹3.25
1.86%
₹178
9 Apr→13 Apr
17 Apr 2026

Showing 2 of 49 IPOs

Everything You Need to Know About IPO GMP

Learn how Grey Market Premium works and what it means for your IPO investment decisions

Why does the GMP fluctuate daily?

GMP is highly volatile and changes based on new information. Factors such as the daily subscription status (QIB and NII numbers), changes in the broader stock market, or specific news about the company can cause the GMP to rise or fall day-to-day until the listing date.

Is the Grey Market regulated by SEBI?

No, the Grey Market is an unofficial, over-the-counter market that operates on mutual trust between local brokers and traders. It is not regulated or recognized by SEBI (Securities and Exchange Board of India), and trades made here are not legally binding or settled through the stock exchanges.

How is the GMP Determined or Calculated?

There is no official government formula for GMP because it is decided by the unofficial market forces of demand and supply. However, traders and investors use a standard calculation method to estimate the potential listing price.
Formula:
GMP (₹) = Grey Market Price - IPO Issue Price

GMP % Formula:
GMP % = (GMP ÷ Issue Price) × 100
Real-World Example:
IPO priced at Rs 500, GMP is Rs 120 → GMP Percentage = (120 ÷ 500) × 100 = 24%. The market expects the IPO to list about 24% higher than the issue price.

Who Determines the Price?

The Grey Market Price is determined by three key factors:

1. Demand vs. Supply
When demand exceeds supply, prices rise. High subscription numbers indicate strong investor interest, pushing GMP higher.

2. Subscription Numbers
QIBs (Qualified Institutional Buyers) and NIIs (Non-Institutional Investors) subscription data heavily influences GMP. Strong institutional participation signals confidence.

3. Market Sentiment
Overall market trends (Nifty/Sensex) and economic conditions affect GMP. Bullish markets typically see higher premiums, while bearish conditions suppress them.
Frequently Asked Questions

Get answers to the most common questions about IPO Grey Market Premium and how to use our platform effectively.

IPO GMP today shows the latest grey market premium at which IPO shares trade unofficially before listing, and it reflects early demand and market sentiment.

Grey market trading is not illegal, but it operates completely outside formal exchanges and remains unregulated and unsupported by SEBI.

IPO GMP provides only a sentiment-based indication and should not be treated as a guaranteed listing outcome because it often fluctuates sharply.

GMP data comes from unofficial market participants, dealers, and small brokers who track off-market buying and selling activity.

Yes, GMP can turn negative, which usually signals weak investor interest and a higher possibility of listing below the issue price.

Long-term investors should focus more on fundamentals, business quality, and valuations rather than short-term GMP movements.

A GMP above 20 to 30 percent is generally considered strong, although actual listing performance still depends on demand and market conditions.

Yes, GMP continues to change after subscription closes and can move up or down until the listing day based on market mood and demand.

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Live IPO GMP

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Disclaimer

Grey Market Premium (GMP) is an unofficial and speculative indicator. Live IPO GMP provides data for informational and educational purposes only. We do not guarantee the accuracy or reliability of the information provided. Trading and investing in the stock market involves substantial risk of loss. Always consult with a certified financial advisor before making any investment decisions. Past performance of IPOs does not guarantee future listing results.

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