IPO GMP Live Updates
Last Updated: 6.00 PM, 19 November 2025
IPO GMP Live – At a Glance
| IPO |
GMP |
Hotness |
Expected Listing price |
Gains |
offer price |
| |
Rs. |
|
Rs. |
% |
Rs. |
| Sudeep Pharma |
122 |
🔥🔥🔥 |
715 |
20.57 |
593 |
| ExcelSoft |
15.50 |
🔥🔥 |
135.50 |
12.92 |
120 |
| Capillary |
53 |
🔥🔥 |
630 |
9.19 |
577 |
| Fujiyama |
3 |
🔥 |
231 |
1.14 |
228 |
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| SME IPOs |
|
| Clear Secured |
0 |
|
– |
– |
– |
| Gallard Steel |
40 |
🔥🔥 |
190 |
26.67 |
150 |
| |
|
|
|
|
|
| 👉Detailed Insight-Kostak-S2b given below |
GREY MARKET – EVENING REPORT
🟦 Sudeep Pharma (Mainboard)
GMP jumped sharply to Rs. 122, indicating an indicative listing price of ~Rs. 715 (593 + 122).
Strong volumes in Ahmedabad & Rajkot, with traders aggressively bidding.
Sentiment remains very strong, and fancy is expected to continue overnight.
🟦 Excelsoft (Mainboard)
Evening GMP stable at Rs. 15.5, pointing to an indicative listing price of ~Rs. 135.5.
Premium trades at high levels in Mumbai, Rajkot, Ahmedabad & Kolkata.
Subscription at 1.54x, and overall mood remains bullish.
🟦 Capillary Technologies (Mainboard)
GMP cooled to Rs. 53, giving an indicative listing price of ~Rs. 630.
Despite rising volumes, sentiment is turning weak ahead of listing.
Traders expect a soft listing, and “yes” — the downward trend may continue.
🟦 Fujiyama (Mainboard)
GMP steady at Rs. 3, implying an indicative listing price of ~Rs. 231.
Few large QIB bids helped the IPO sail through; retail participation remained dull.
Premium started but not expected to surge like PhysicsWallah despite traders covering small lots.
🟦 Gallard Steel (SME)
GMP holding strong at Rs. 40, translating to an indicative listing price of ~Rs. 190.
High fancy in Rajkot, Delhi & Jaipur, and Day 1 NII subscription at 5.41x.
PhysicsWallah’s stellar listing has boosted sentiment — GMP likely to rise further.
⭐ Market Mood Booster
“The impressive listing of PhysicsWallah has pushed up premium volumes across the market.
Gallard Steel’s Day 1 subscription spike has created strong SME momentum.”
⏰ Next IPO GMP live update @ 10.00 PM today
Detailed Report on IPO GMP
| Clear Securred NSE SME |
Coming |
| Size Rs.? Cr Net |
|
GMP |
– |
| Price Rs.? Lot ? |
Sub2 |
– |
| Op– Nov Close- – Nov All– Nov Li– Nov. |
| Sudeep Pharma IPO |
Opens – 21 Nov |
| |
|
GMP Rs. 122 |
| Size Rs.895 Cr. |
– |
Application |
Sub2 |
| Price Rs.593 Lot 25 |
Retail |
– |
2,300 |
| Open 21/11 Close 25/11 |
S HNI |
– |
32,200 |
| Al 26/11 List 28/11 |
B HNI |
– |
32,200 |
👉Mysuru, Karnataka, 👉A global vertical SaaS company specialising in the learning and assessment market |
| Gallard Steel NSE SME |
Opens – Today |
| Size Rs.26.14 Cr Net |
|
GMP |
40 |
| Price Rs.150 Lot 1200 |
Sub2 |
30,400 |
| Op-19 Nov Close- 21 Nov All-24 Nov Li-26 Nov. |
| Excelsoft IPO |
Opens – Today |
| |
|
GMP Rs. 15.50 |
| Size Rs.500 Cr. |
– |
Application |
Sub2 |
| Price Rs.120 Lot 125 |
Retail |
– |
1,500 |
| Open 19/11 Close 21/11 |
S HNI |
– |
21,000 |
| Al 24/11 List 26/11 |
B HNI |
– |
21,000 |
👉Mysuru, Karnataka, 👉A global vertical SaaS company specialising in the learning and assessment market |
| Capillary Technologies IPO |
Allotment today |
| |
Avoid |
GMP Rs. 53 |
| Size Rs.877.50 Cr. |
– |
Application |
Sub2 |
| Price Rs.577 Lot 25 |
Retail |
– |
1000 |
| Open 14/11 Close 18/11 |
S HNI |
– |
13,800 |
| Al 19/11 List 21/11 |
B HNI |
1,500 |
15,400 |
👉Bengaluru 👉a leading SaaS-based customer loyalty and engagement solutions provider |
IPO GMP – Closed IPO
| Fujiyama Power IPO |
Listing – 20 Nov. |
| |
Avoid |
GMP Rs. 3.50 |
| Size Rs.2,880 Cr. |
– |
Application |
Sub2 |
| Price Rs.228 Lot 65 |
Retail |
– |
– |
| Open 13/11 Close 17/11 |
S HNI |
– |
– |
| Al 18/11 List 20/11 |
B HNI |
– |
– |
👉Delhi 👉a leading manufacturer in the rooftop solar power systems |
| Tenneco Clean Air IPO |
Listed @ Rs. 505 |
| IPO Details & Review |
|
Last GMP Rs. 102 |
| Size Rs.3600 Cr. |
🔥🔥🔥 |
Allotted |
Sub2 |
| Price Rs.397 Lot 37 shares |
Retail |
3,400 |
3,200 |
| Open 12/11 Close 14/11 |
S HNI |
– |
44,800 |
| Al 17/11 List 19/11 |
B HNI |
47,600 |
44,800 |
👉Tamilnadu 👉Designs and manufactures clean air and powertrain systems |
| Physicswallah IPO |
Listed @ Rs. 145 |
| IPO Details & Review |
|
Last GMP Rs.14 |
| Size Rs.3480 Cr. |
|
Allotted |
Sub2 |
| Price Rs.109 Lot 137 shares |
Retail |
1600 |
0 |
| Open 11/11 Close 13/11 |
S HNI |
0 |
0 |
| Al 14/11 List 18/11 |
B HNI |
22,400 |
0 |
👉Noida UP 👉 One of edtech companies |
| Emmvee Photovoltaic IPO |
Listed Rs. 217 |
| IPO Details & Review |
|
Last GMP Rs. 0 |
| Size Rs.2900 Cr. |
🔥 |
Application |
Sub2 |
| Price Rs.217 Lot 69 shares |
Retail |
– |
-0 |
| Open 11/11 Close 13/11 |
S HNI |
– |
– |
| Al 14/11 List 18/11 |
B HNI |
– |
– |
👉Bengaluru, Karnataka 👉 An integrated solar PV module and cell manufacturer |
| Workmates Core2Cloud BSE SME |
Listed @ Rs. 242 |
| Size Rs. 66.34 Cr Net |
|
GMP |
88 |
| Price Rs.204 Lot 600 |
Allotted |
47,500 |
| Op-11 Nov Close- 13 Nov All-14 Nov Li-18 Nov. |
| Mahamaya Lifescience BSE SME |
Listed @ Rs. 116 |
| Size Rs.70.44 Cr Net |
|
GMP |
0 |
| Price Rs.114 Lot 1200 |
Sub2 |
0 |
| Op-11 Nov Close- 13 Nov All-14 Nov Li-18 Nov. |
| Pine Labs IPO |
Listed – Rs.242 |
| IPO Details & Review |
🔥 |
Last GMP Rs. 5.50 |
| Size Size Rs.3899.91 Cr. |
Apply |
Application |
Sub2 |
| Price Rs.221 Lot 67 shares |
Retail |
– |
300 |
| Open 7/11 Close 11/11 |
S HNI |
– |
4,000 |
| Al 12/11 List 14/11 |
B HNI |
0 |
4,000 |
| 👉Gurgaon👉 India’s leading merchant commerce platform |
| Curis Life Sciense NSE SME |
Listed – Rs.146.10 |
| Size Rs.26.14 Cr Net |
|
GMP |
9 |
| Price Rs.128 Lot 1200 |
Sub2 |
8,200 |
| Op-7 Nov Close- 11 Nov All-12 Nov Li-14 Nov. |
| Finbud Financial NSE SME -👎🏾 |
Listed- Rs. 157 |
| Size Rs.68.09 Cr Net |
|
GMP |
11 |
| Price Rs.142 Lot 1200 |
Sub2 |
10,000 |
| Op-6 Nov Close- 10 Nov All-11 Nov Li-13 Nov. |
| Groww IPO |
Listed – Rs. 112 |
| IPO Details & Review |
🔥 |
Last GMP Rs. 4.50/5 |
| Size Rs.6632.30 Cr. |
Hold |
Allotted |
Sub2 |
| Price Rs.100 Lot 150 shares |
Retail |
670 |
– |
| Open 4/11 Close 7/11 |
S HNI |
– |
– |
| Al 10/11 List 12/11 |
B HNI |
9400 |
– |
| 👉Bangalore Urban👉 direct-to-customer digital investment platform |
| Shreeji Global FMCG NSE SME |
Listed – Rs. 100 |
| Size Rs.27.17 Cr Net |
|
GMP |
0 |
| Price Rs.125 Lot 1000 |
Sub2 |
0 |
| Op- 4 Nov Close- 7 Nov. All-10 Nov Li-12 Nov. |
| Lensekart IPO -👎🏾 |
Listed – Rs. 395 |
| IPO Details & Review |
Minus listing |
GMP Rs. 6 |
| Size Rs.7128 Cr. |
feared |
Allotted |
Sub2 |
| Price Rs.402 Lot 37 |
Retail |
200 |
– |
| Open 31/10 Close 4/11 |
S HNI |
– |
– |
| Al 6/11 List 10/11 |
B HNI |
2800 |
– |
| 👉New Delhi👉a technology-driven eyewear company |
| Studds Accessories IPO |
Listed – Rs. 565 |
| IPO Details & Review |
🔥🔥 |
GMP Rs. 55 |
| Size Rs.455.69 Cr. |
Apply |
Allotted |
Sub2 |
| Price Rs.585 Lot 25 |
Retail |
850 |
– |
| Open 30/10 Close 3/11 |
S HNI |
– |
– |
| Al 4/11 List 7/11 |
B HNI |
11,900 |
– |
| 👉Faridabad👉leading manufacturer of two-wheeler helmets |
| Infosys Buyback |
| |
| Investsment upto Rs. 2 L |
| Fix Rs. 11000 |
| After 30 Days 18% ROI |
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IPO Grey Market Premium
The IPO GMP, also known as the grey market premium, is trending for Mainboard and SME IPOs: Lenskart Solutions, Safecure Services, Shreeji Global FMCG, Finbud Financial, Curis Lifesciences, Pine Labs, Mahamaya Lifesciences, Workmates Core2Cloud Solution, Tenneco Clean Air, and more. Check out the upcoming IPO GMP today with updated rates here.
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Grey Market Premium

In spite of no such fancy in Groww IPO, you were confident about good lising and same patter has been observed. Congrats for your sharp analysis.
Your 8-pm Grey market report is excellent.No website provides such detailed information. Well done.
Adequate subscription not expected in Fujiyama and Capillary, since both IPOs donot have any fancy in the grey market.
Sharp volatility continues in Tenneco IPO. Bumper listing anticipated.
Some improvement in Physicswalla seen in retail category.