Compare it to the band, not to zero
A premium of ₹10 means nothing until you divide it by the issue price. On a ₹50 issue that is 20%, on a ₹500 issue it is 2%. The implied gain column does that division for you.
IPO Grey Market Premium (GMP)
Premium for every issue taking bids or recently closed, with the listing price it implies. The table opens filtered to issues still open to an application.
Subscription and grey market figures refresh on a 30-minute cycle. Last synced 15 September 2026. They are not a live tick-by-tick feed, so a bidding day can move between refreshes. Confirm current numbers on the exchange websites before you apply.
Grey market premium by issue
Sort by any column. The implied figures are arithmetic from the latest recorded premium, not predictions.
23 of 36Issues in our record with a premium quoted
23Of those, quoted above the issue price
₹45.83Average premium per share, across the 23 quoted
15 September 2026Most recent quote
Stage
Board
Showing 18 of 36 issues, live and upcoming first.
 Quanto AgroworldSME | Open now | Nil | ₹67.00 | Nil | 2 days | 17 Sept |
|---|---|---|---|---|---|---|
 Vama WovenfabSME | Open now | ₹30.00 | ₹371.00 | 8.80% | 6 days | 17 Sept |
 Shakti PolytarpSME | Open now | Nil | ₹59.00 | Nil | 7 days | 17 Sept |
 Century Business MediaSME | Open now | Nil | ₹74.00 | Nil | 2 days | 16 Sept |
 Injecto PolymersSME | Open now | Nil | ₹100.00 | Nil | 2 days | 16 Sept |
 Manika PlastechMainboard | Open now | ₹3.00 | ₹46.00 | 6.98% | 8 days | 16 Sept |
 A-One SteelsMainboard | Upcoming | Nil | Not available | Nil | 4 days | 28 Sept |
 S.K.OffsetSME | Upcoming | Nil | ₹125.00 | Nil | 2 days | 25 Sept |
 FX MultitechSME | Upcoming | Nil | Not available | Nil | 2 days | 23 Sept |
 Robokidz EduventuresSME | Upcoming | ₹15.00 | ₹121.00 | 14.15% | 2 days | 23 Sept |
 Axiom Gas EngineeringSME | Upcoming | Nil | ₹53.00 | Nil | 2 days | 22 Sept |
 Kheria AutocompSME | Upcoming | ₹10.00 | ₹111.00 | 9.90% | 2 days | 21 Sept |
 NSEMainboard | Upcoming | ₹157.00 | ₹1,942.00 | 8.80% | 8 days | 21 Sept |
 SpectraA Technology SolutionsSME | Upcoming | ₹50.00 | ₹168.00 | 42.37% | 2 days | 21 Sept |
 Sonaselection IndiaMainboard | Upcoming | ₹8.00 | ₹107.00 | 8.08% | 7 days | 21 Sept |
 SS RetailMainboard | Upcoming | ₹128.00 | ₹552.00 | 30.19% | 7 days | 18 Sept |
 Hero MotorsMainboard | Upcoming | ₹19.00 | ₹103.00 | 22.62% | 6 days | 18 Sept |
 Jindal SupremeMainboard | Upcoming | ₹27.00 | ₹120.00 | 29.03% | 8 days | 18 Sept |
Tap a column heading to sort. “Implies listing at” is the latest premium plus the issue price, or plus the top of the price band where the issue has not priced yet. Those are sums, not forecasts. Open now and Upcoming issues sort first because those are the ones still open to an application.
How to read a premium without being misled
Three habits separate using this table as context from treating it as a signal.
Watch the direction, not the level
A premium that is falling through the bidding window tells you more than one that is merely high. Open any issue page to see its full day-by-day series rather than today's number.
Prefer subscription numbers
Subscription is reported by the exchanges and is verifiable. Premium is not reported by anyone and cannot be checked. When the two disagree, the subscription numbers are the ones with a source behind them.
This table covers 36 issues, of which 23 have a premium recorded. An issue with no premium is not an issue with no demand; it means nothing was recorded for it.
Questions people ask
Every question this page raises, answered without hedging.
A per-share figure quoted between traders for shares that have not listed yet. It is usually read as the gap between the offer price and what those traders expect the shares to fetch on listing day. We hold one premium figure per day for each issue taking bids, and republish the tracker every 30 minutes.
Grey market premium per share plus the issue price. Where the issue has not priced yet, we use the top of the price band, which is the figure an applicant actually blocks funds at. It is an arithmetic result, not a prediction.
A premium is quoted for a short window around bidding and often for only part of it. A blank or zero in our record means nothing was quoted for that issue on that day. It is not the same as a premium of zero, and it says nothing about demand either way.
No. It has run far above the eventual listing price on some issues and collapsed to a discount before listing on others. Subscription figures come from the exchanges and are real; premium does not and is not. Treat it as market chatter.
Both are grey market terms. Kostak is a fixed non-refundable amount paid to buy an application outright and keep whatever is allotted. Sauda is paid on a promise to deliver shares after listing. Neither has any legal standing or protection.
Once the shares begin trading. At that point there is a real market price, so an unofficial one serves no purpose. Premium only exists for the gap between the offer and the listing.
Where these numbers come from
This page leans hardest on the disclaimer, so it is stated in full.