While it’s not an official indicator, it has become the most-watched signal of an IPO for investors. It reflects how much demand an IPO has among investors before listing. On this page, we cover GMP related details like the GMP table, what GMP is, why it fluctuates, etc. You can compare GMP trends with current IPOs open for subscription and check real-time IPO subscription status to understand investor demand better.
Live & Upcoming IPO GMP List & Details – Grey Market Premium Today
| IPO Name | IPO Price Band | GMP | Est. Listing gain | Updated Time |
|---|---|---|---|---|
| Biopol Chemicals NSE SME | ₹102 - ₹108 | ₹0 – ₹2 | 0% – 2% | Jan 25 13:00 |
| NFP Sampoorna Foods NSE SME | ₹52 - ₹55 | ₹0 – ₹1 | 0% | Jan 25 13:00 |
| CKK Retail Mart NSE SME | ₹155 - ₹163 | ₹0 – ₹0 | 0% | Jan 25 13:00 |
| Accretion Nutraveda BSE SME | ₹122 - ₹129 | ₹0 – ₹0 | 0% | Jan 25 13:00 |
| Msafe Equipments BSE SME | ₹116 - ₹123 | ₹0 – ₹0 | 0% | Jan 25 13:00 |
| Kanishk Aluminium India BSE SME | ₹73 (Fixed) | ₹0 – ₹0 | 0% | Jan 25 13:00 |
| Kasturi Metal Composite BSE SME | ₹61 - ₹64 | ₹0 – ₹0 | 0% | Jan 25 13:00 |
| Hannah Joseph Hospital BSE SME | ₹67 - ₹70 | ₹0 – ₹1 | 0% | Jan 25 13:00 |
| Shayona Engineering BSE SME | ₹140 - ₹144 | ₹0 – ₹1 | 0% | Jan 25 13:00 |
| KRM Ayurveda NSE SME | ₹128 - ₹135 | ₹18 – ₹22 | ~15.6% | Jan 25 13:00 |
| Digilogic Systems BSE SME | ₹98 - ₹104 | ₹0 – ₹0 | 0% | Jan 25 13:00 |
| Shadowfax Technologies IPO | ₹118 - ₹124 | ₹1 – ₹3 | ~1.6% | Jan 25 13:00 |
What is IPO GMP? – Grey Market Premium Meaning, Example & Investor Guide
It stands for Grey Market Premium. Simply speaking, the extra amount which you are willing to pay for a company’s shares before it officially lists on the stock exchange.
Let’s understand by example. Suppose an IPO is priced at ₹100 and the GMP is ₹50, which means investors in the grey market expect the share to list around ₹150. At most of times, high GMP indicates the IPO has strong demand. While a negative or low GMP hints at weak investor interest. It acts as an early indicator of market sentiment and potential listing performance.
But it is not official or regulated. It is based purely on unofficial buying and selling among traders. And influenced by many factors like subscription levels, market trends, etc. Investors use GMP as a quick reference to estimate possible returns. But keep remember it should never replace proper analysis of company fundamentals, IPO documents, etc. Investors often track GMP along with official IPO review and company fundamentals to make informed decisions.
In one line, it reflects buzz, not a guarantee.
Why IPO GMP Changes Daily – Key Factors & Market Insights Affecting Grey Market Premium
As you can see, it is highly dynamic and changes every day, or even multiple times in a day. This happens because the grey market runs purely on demand and supply between traders, who speculate how an IPO might perform after listing. And moreover, grey market operates without formal regulation. Some of the major factors influencing daily GMP movement (but not guaranteed):
- Subscription levels : As investor participation increases during the ipo subscription period, GMP usually rises. Ipo issues which is highly subscribed, build strong demand in the grey market.
- Market sentiment : If the broader stock market is bullish, traders expect a positive listing and they raise their bids. On the other hand, on volatile or bearish days, GMP drops.
- Grey market activity : Since the grey market operates informally, this speculative trading causes sharp day-to-day GMP fluctuations.
That’s why the GMP you see today might be different from what you see tomorrow. Or even within a single day, it fluctuates multiple times. It reflects the market’s real-time fear and excitement. It rises with optimism and falls with caution.
Additional Factors Influencing IPO GMP – Company Fundamentals, Issue Size & Market Trends
As we know, GMP is not random, it is affected by combination of many things. So if you understand some factors, you can read GMP trend more intelligently instead of blindly following the hype.
- Company fundamentals – If a company has strong financial track record of profit, has a growth history that leads to attracting high demand. When investors believe in company management and business model, GMP rises.
- Issue size and valuation – Many times a small issue with limited supply of shares and attractive price leads to high GMP as scarcity drives demand, but a large issue may face weaker grey market activity.
- Peer and sector performance – If a recently listed company in the same sector delivers strong listing gains, traders expect the same result and bid high in grey market.
- News flow and analyst opinion – Any positive buzz, media coverage or analyst recommendations can hike GMP. Likewise, concerns or controversies around company or sector pull the GMP down.
Company fundamentals, issue size, valuation, and sector performance explained in a detailed IPO review often influence grey market expectations.
There are many factors likewise. While GMP can be an exciting indicator, but small investors use it as one of several signals, not as sole basis for investment decision.
How IPO GMP is Calculated – Formula, Example & Key Considerations
Calculating it is quite simple, it is the difference between the price at which IPO shares are trading unofficially in grey market and the official issue price set by the company.
Formula basis – IPO GMP = grey market price minus issue price.
Let’s take an example to understand:
A company issues its IPO at 100 rupees per share, and in grey market those same shares are trading at 60 rupees above the issue price. It means GMP is 60 and expected listing price can be around:
Expected listing price = issue price + GMP
100 + 60 = 160
Therefore, if GMP is positive, the stock is expected to list at premium. But if it turns negative, it hints at a possible discount listing.
Key Considerations While Calculating IPO GMP
- Unofficial sources – GMP is not an official SEBI or exchange figure. It is collected from informal market participants. While useful, it should always be treated as an indicator but not a guarantee.
- Volatility – GMP value changes daily on the basis of the subscription status, market sentiment, new developments. Even a few hours can make difference during active trading days.
- Market psychology – It reflects how much investors are willing to pay beyond issue price. It is an insight into market mood and confidence, not a fixed valuation metric.
These figures circulate among grey market dealers and later reported on Arjanam IPO-like platforms which compiles data based on market feedback, but it’s only an indicator.
Should You Rely on IPO GMP? – Risks, Insights & Investor Guidance
It’s tempting when you see headline IPO listings at 50-60% premium, but if you are a smart investor, then you know that GMP reflects market mood, not company merit.
Also, relying solely on GMP to make an investment decision can be risky. It operates outside SEBI regulatory framework. It is unofficial, volatile and sentiment driven. It changes every day, even sometime every hour.
A better approach is to combine GMP insights with company fundamentals , real-time subscription data & valuation, SEBI-reviewed document, anchor investor participation and institutional response.
In short, it can hint but cannot decide. It is a temperature check, not a final verdict.
For live issues, you can track detailed data on our Current IPO, IPO subscription status and IPO allotment status pages.
IPO GMP FAQs – Legality, Accuracy, Reliability & Listing Impact Explained
Him Kumar
A dedicated team of financial analysts with extensive experience in IPO research, subscription analysis, allotment tracking, and interpretation of publicly available disclosures from SEBI, NSE, and BSE. Read more about our Research Team here.
Disclaimer: Grey Market Premium (GMP) data is unofficial and speculative. This information is
for reference only and does not constitute financial advice. Arjana Mi IPO does not endorse or
participate in grey market activities. Always rely on official exchange data. Read our full Disclaimer.