IPO GMP
IPO GMP live updates

IPO GMP Live Updates Today – Grey Market Premium – Pan India

🕗 Last Update: 20 September 2025, 9.00 PM | Mainboard & SME IPOs

IPO GMP Live -Chanakya’s Insights

Anand Rathi Share (Mainboard) GMP Crash Sparks Panic in Market

GMP nosedived from Rs. 65 → Rs. 40 in 2 hrs yesterday, now at just Rs. 27.
Street fears further slide to zero as counter loses investor fancy. While a section of the market believes the premium may stage a recovery by Monday, many others expect it to erode further and possibly touch zero in the next few sessions. The counter has clearly lost investor fancy amid such extreme volatility

📊 Saatvik Green Energy (Mainboard) GMP collapsed to Rs. 32 from Rs. 77 in a day, sparking panic.
Heavy shock waves felt across Delhi, Mumbai, Jaipur, Ahmedabad, Rajkot, Kolkata & Gandhidham.

🛠️ Solarworld (Mainboard)
In the evening trades, GMP recovered to Rs. 55 (previous night Rs. 65and then today morning at Rs. 33)

📊 Epack Prefab (Mainboard)
GMP is moving in the range of Rs. 12-13. Strong fancy anticipated.

📊 Atlanta Electricals (Mainboard)
Leading player in fast growing transformer market, Large order book position, Attractive valuation, Rocking in the premium market, GMP strong at Rs. 157. Volume high  across Ahmedabad, Rajkot & Gandhidham

🛠️ Jaro Institute (Mainboard)
Mumbai-based company. Premium trades have started with thin volume and today morning GMP improved to Rs. 112 (previous night Rs. 110)

🛠️ Jinkushal (Mainboard)
Raipur-based company engaged in buying old earthmoving equipment, refurbishing and exporting them. Strong profitability profile. Premium stable at Rs. 51 with heavy volumes at Jaipur, Delhi, Ahmedabad and Rajkot markets 💱. Strong rise in the premium expected in a day or two

iValue (Mainboard)
Operates in the fast-growing cyber-security solutions space, with a strong business model and virtually no direct competition 📋. Grey Market Premium & Subject-to rates corrected to Rs. 5 (vs Rs. 20  yesterday morning).

VMS TMT (Mainboard)
On the first day of subscriptions, IPO is 8.40T subscribed. Well-entrenched local TMT manufacturer & trader, with expansion plans in pipeline 📋. Grey Market Premium & Subject-to rates is declined at Rs. 12-13 (vs Rs. 20 earlier). 

📢 Stay tuned with Chanakya IPO-GMP Live Tracker – the only real-time source for Grey Market Premiums, Kostak, Subject-to-Sauda & Pan-India buzz!

Next IPO GMP live update @ 8.01 AM tomorrow.Chittorgarh IPO GMP

Infosys Buyback
 
Investsment upto Rs. 2 L
Fix Rs. 11,000
After 30 Days 18% ROI
DSM Fresh Foods BSE SME Opens on 26/9
Size– Rs. 45.04 Cro GMP
Price Rs. 102 Lot 1200 shares Sub2
Op-26 Sept Close– 30 Sept LM
Al– 1 Oct Listing– 6 Oct Narnolia Financia
👉 New Delhi
👉Online retailer of fresh meat and ready-to-cook/eat non-veg products.
Jinkushal Industries IPO Opens on 25/9
IPO Details & Review APPLY GMP
Size Rs.116.11 Cr.   Buy Sell
Price Rs.121   50 52
Lot 120 Shares      
Open 25.09.2025   Kostak Sub2
Close 29.09.2025 Retail 4700
Allotment 30.09.2025 S HNI 65,800
Listing 03.10.2025 B HNI 65,800
👉Raipur Chattisgarh
👉Refurbishing of  Earthmoving equipments.
Jain Resource IPO Opens on 24/9
IPO Details & Review   GMP
Size Rs. 1250 Cr.   Buy Sell
Price Rs.232   22 24
Lot 64 Shares      
Open 24.09.2025   Kostak Sub2
Close 26.09.2025 Retail 1100
Allotment 29.09.2025 S HNI 15,400
Listing 1.10.2025 B HNI 15,400
👉Chennai Tamilnadu
👉recycling and manufacturing of non-ferrous metal products
Epack Prefab IPO Opens on 24/9
IPO Details & Review   GMP
Size Rs.504 Cr.   Buy Sell
Price Rs.204 (FV RS.2)   18 20
Lot 73 Shares      
Open 24.09.2025   Kostak Sub2
Close 26.09.2025 Retail
Allotment 29.09.2025 S HNI
Listing 1.10.2025 B HNI
👉Greater Noida, Uttar Pradesh,
👉Manufacturing of pre-engineered steel buildings
Justo Realfintech BSE SME Opens on 24/9
Size Rs.59.82 Cr. GMP 25 Sub2 19000  
Price Rs. 127 Lot 1000    LM Vivro Financial
Op-24/9  Close 26/9 Al 29/9 List 1 Oct
👉Helps real estate developers to sell projects

Chittorgarh IPO GMP

Ecoline Exim NSE SME Opens on 23/9
Size 72.59 Cr. GMP   5 Sub2 3800
Price Rs. 141 Lot 1000 LM Hem Securities
Op-23 Sept Close 25 Sept Al 26 Sept List 30 Sept
👉 Manufactures cotton & jute bags
Matrix Geo NSE SME Opens on 23/9
Size– Rs. 37.98 Cr GMP 10
Price Rs. 104 Lot 1200 shares Sub2 12000
Op-23 Sept Close– 25 Sept LM
Al– 26 Sept Listing– 30 Sept Narnolia Financials
👉 Delhi
👉Consultancy firm specializing in advanced survey technologies
True Colours BSE SME Opens on 23/9
Size– Rs. 121.54 Cr GMP 45
Price Rs. 191 Lot 600 shares Sub2 20500
Op-23 Sept Close– 25 Sept LM
Al– 26 Sept Listing– 30 Sept GYR Capital Advisors
👉 Surat
👉Business imports and distributes digital textile printers 
Solarworld Energy IPO Opens on 23/9
IPO Details & Review   GMP
Size Rs.490 Cr.   Buy Sell
Price Rs.351   32 34
Lot 42 Shares      
Open 23.09.2025   Kostak Sub2
Close 25.09.2025 Retail 1200
Allotment 26.09.2025 S HNI 15,400
Listing 30.09.2025 B HNI 15,400
👉Delhi based
👉A solar energy EPC company providing end-to-end solutions for solar power projects.
Jaro Institute IPO Opens on 23/9
IPO Details & Review   GMP
Size Rs.116.11 Cr.   Buy Sell
Price Rs.121   111 113
Lot 120 Shares      
Open 25.09.2025   Kostak Sub2
Close 29.09.2025 Retail 1400
Allotment 30.09.2025 S HNI 21,000
Listing 3.10.2025 B HNI 21,000
👉Mumbai based
👉A leading online higher education company with pan India presence
Anand Rathi  IPO-GMP updates Opens on 23 Sept
IPO Details & Review GMP APPLY
Appli. Rates
Subject to
Size Rs. 745 Cr. Buy Sell  
Price Rs.  26 28      
Lot  Shares     Retail 800
Open 23.09.2025     S HNI 10,000
Close 25.09.2025     B HNI 2200 10,000
Allotment 26.09.2025          
Listing 30.10.2025          
👉Mumbai
👉Share broking business
 
BharatRohan BSE IPO-GMP  Opens on 23 Sept.
IPO Details & Review GMP Subject to Allotted rates
Size Rs 45.04 Cr. Retail
Price Rs.85     HNI
Lot 1600 Shares Lead Manager    
Open 23.09 GYR Capital    
Close 25.09.2025 👉New Delhi
👉Agritech Solution provider
Allotment 26.09.2025
Listing 30.09.2025
 
Aptus Pharma BSE SME Opens -23 Sept
Size Rs.13.02 Cr. GMP  7 Sub2 10,600  
Price Rs. 70 Lot 2000    LM Interactive Financials
Op-23/9  Close 25/9 Al 26/9 List 30/9
👉Marketing of Pharma products

 

Seshaasai Technologies  IPO-GMP updates Opens on 23 Sept
IPO Details & Review GMP  
Appli. Rates
Subject to
Size Rs. 813.07 Cr. Buy Sell  
Price Rs. 423 119 121      
Lot 35 Shares     Retail 3,200
Open 23.09.2025     S HNI 44,800
Close 25.09.2025     B HNI 44,800
Allotment 26.09.2025          
Listing 30.09.2025          
👉Mumbai
👉A technology-driven, multi-location solutions provider with a strong presence in the BFSI sector
 
Atlanta Electricals  IPO-GMP updates Opens on 22 Sept
IPO Details & Review GMP APPLY
Appli. Rates
Subject to
Size Rs. 900 Cr. Buy Sell  
Price Rs. 754 150 152      
Lot 32 Shares     Retail 2,200
Open 22.09.2025     S HNI 30,200
Close 24.09.2025     B HNI 30,200
Allotment 25.09.2025          
Listing 29.09.2025          
👉Anand, Gujarat
👉leading manufacturers of power, auto and inverter duty transformers
 
Saatvik Green Energy  IPO-GMP updates IPO is open
IPO Details & Review GMP  
Appli. Rates
Subject to
Size Rs. 900 Cr. Buy Sell  
Price Rs. 465 25 27      
Lot 32 Shares     Retail 600
Open 19.09.2025     S-HNI   8400
Close 23.09.2025     B HNI 2000 8400
Allotment 24.09.2025          
Listing 26.09.2025          
👉Ambala Haryana
👉manufacturing of solar modules, also catering to EPC projects.
 

G K  Energy  IPO-GMP updates IPO is open
IPO Details & Review GMP  
Appli. Rates
Subject to
Size Rs. 464.26 Cr. Buy Sell  
Price Rs. 153 26 28      
Lot 98 Shares     Retail 2,000
Open 19.09.2025     S HNI 28,000
Close 23.09.2025     B HNI 28,000
Allotment 24.09.2025          
Listing 26.09.2025          
👉Ambala Haryana
👉manufacturing of solar modules, also catering to EPC projects.
 
iValue Infosolutions  IPO-GMP updates IPO is open
IPO Details & Review GMP APPLY
Appli. Rates
Subject to
Size Rs. 560.29 Cr. Buy Sell  
Price Rs. 299 4 6      
Lot 50 Shares     Retail 200
            2800
Close 22.09.2025     B-HNI   2800
Allotment 23.09.2025          
Listing 25.09.2025          
👉Bengaluru
👉focused on enterprise digital transformatio
 
J D Cables BSE SME IPO is open
Size Rs.91.19 Cr. GMP 40 Sub2 23,100  
Price Rs. 152 Lot 800    LM GYR Capital
Op-18/9  Close 22/9 Al 23/9 List 25/9
👉 manufacturing of high-quality cables and conductors

 

VMS TMT  IPO-GMP updates Allotment on 22/9
IPO Details & Review GMP APPLY
Appli. Rates
Subject to
Size Rs. 148.50 Cr. Buy Sell  
Price Rs.99 11 13      
Lot 150 Shares     Retail 230 1,300
Open 17.09.2025     S HNI 18,200
Close 19.09.2025     B HNI 18,200
Allotment 22.09.2025          
Listing 24.09.2025          
👉HO-Ahmedabad
👉Manufactures & sells TMT bars
Sampat Aluminium BSE SME Allotment-22/9
Size Rs.30.53 Cr. GMP 19 Sub2 17,300  
Price Rs. 120 Lot 1200    LM GYR Capital
Op-17/9    Close 19/9   Al 22/9   List 24/9
👉 Manufacturing of Alluminium Wire rods & wires
Euro Pratik IPO-GMP updates Listing 25/9
IPO Details & Review GMP  
Appli. Rates
Subject to
Size Rs. 451.32 Cr. Buy Sell  
Price Rs. 235-247 0.50 1      
Lot 60 Shares     Retail
Open 16.09.2025     S HNI
Close 18.09.2025     B HNI
Allotment 19.09.2025          
Listing 25.09.2025          
 
 
TechDefence NSE SME Listing-22/9
Size Rs.38.99 Cr. GMP 210 Sub2   
Price Rs. 193 Lot 600    LM GYR Capital
Op-15/9    Close 17/9   Al 18/9   List 22/9
👉 Cyber security specialist
L.T.Elevator  BSE IPO-GMP  Listing – 20 Sept
IPO Details & Review GMP Subject to Allotted rates
Size Rs 39.37Cr. 45 52300 Retail
Price Rs.140     HNI
Lot 1600 Shares Lead Manager Subscribed 182.95T
Open 12.09 Horizon Management Accumulated Rs.6842Cr.
Close 16.09.2025 👉Kolkatta W.B.
👉Manufactures Elevators, Manual Elevators and Semi-Automatic Elevator
Allotment 17.09.2025
Listing 20.09.2025
 

Quicklinks

What is IPO GMP?

Key Terms Explained in Simple Words
Grey Market: An unofficial market where IPO shares are bought and sold before listing. It operates outside SEBI’s regulations.
GMP (Grey Market Premium): The premium per share that buyers are willing to pay in this market.
Kostak Rate: The premium per application, irrespective of allotment.
Sub2 / Sub2 Sauda: The premium paid for a fully allotted application.

How the Grey Market Works

All deals are based on word of mouth and mutual trust.
Transactions are generally in cash only; there is no official record.
Contracts, if any, are written on small slips of paper – purely informal.
There are no official dealers or regulatory bodies overseeing it.

Why is GMP Important?

A higher GMP usually signals strong demand and increases the chances of the IPO getting listed at a bumper price.
However, since this market is unofficial, prices can be volatile and speculative.
Fire Rating is another measure of IPO popularity – it indicates how attractive the IPO is expected to be in terms of returns.

28 Comments on “IPO GMP live updates

  1. M.L.JAIN

    In SME ipo subject rates given is for per lot basis to be multiply by no.of loads receive kindly confirm.

    1. admin Post author

      Subjet to rates are per lot. So If you apply for 3 lots and you wish to sell all 3 lots, you will get amount equal to (Subject to ratex 3 ). WE hope this clarifies your querry.

  2. Rashmi Shah Mumbai

    Jainik Power disappointed us. Very poor listing. Not expected this much discount listing.

  3. Jitendra Jani, Mumbai

    Admin, Patil Automation appears to be good IPO. Should I make 4 applications in HNI category?. What about returns?

  4. Maulik Sheth, Mumbai

    Admin ji, What is your guidance about Eppletone sme IPO? Should I apply or avoid?

  5. Vijay Sahani, Jaipur

    I plan to invest large amounts in the IPOs of HDF and also Kalpataru. What will the return in both the IPOs? Can any body indicate?

  6. Mukesh Ramnath, Jamnagar

    Sir, I have bought 1000 shares of HDB financial at current premium. Should I add more? Will be profitable on listing?

  7. Ketan Patel,Surat

    Your coverage of Oswal pumps is excellent and you have clearly mentioned about the tender business on which this company relies. On the tender is gone, the business will collapse. I fully agree.

  8. Kishore Patel, Vadodara

    best feature of your grey market page is active rates. Many other websites give rates for which there is no trading, whereas you specifically indicate that there is no trading for this IPO. It gives correct indication about the IPO

  9. Manohar Seshan, Pune

    I have been using your website since last 4 years and all along you have provided very useful information. Recent changes in GMP page is welcome and covers all the useful data including subscription status. All the best and congratulation for improvements.

  10. CA Suresh Doshi, Satara

    Qiality of the comments were very high at this platform. No nonsence discussion just like other sites. Congratulations to the Admin.

  11. Nilanjal Goyal, Pune

    @Sevaklal,

    Aten may not bring good listing gains. No buyers in grey market. Apply with full force in Sacheerome.

  12. V.P Unnad, Bangalore

    Admin sir, Happy that you have activated this discussion platform. The readers were awaiting to be active on your site. All the best
    Do provide IPO guidance by Sonam Singh, Delhi. Her opinions were upto the mark.

  13. Ajajy Singh, Chandigadh

    Sacheerome premium buying has been impressive. Tomorrow on the last day of subscription hige oversubscription expected. Even Chanakya expert has recommended this IPO strongly. Must apply IPO. Premium to move up

  14. Anurag Prakash, Kolkatta

    No fancy or buyers seen in grey market for Monolithisch IPO. Hem SEcurities may not bring good subscription this time. Even during last 2/3 issues, there performance has been unimpressive.
    Premium to issue price ratio is good. May avoid

  15. Bhanwar Sheth, Delhi

    Good that admin has activated this discussion forum. It will be very useful to us.

  16. Uttam Singh, Delhi

    What is your observation about Aten Papers. Earlier the IPO was postponed. No premium as of now. What to do?

  17. Resham Kush, Udaipur

    Sacheeram has strong business and large profits. The premium and subject to rates are justified. I expect bumper subscription on Wednesday.
    All the best to premium-buyers in this IPO.

  18. Rajiv Ghana, Jaipur

    Most of the business of Oswal Pumps is from government schemes and if such business goes, then the company is in soup. May not generate good profits. Risky
    Not recommended.

  19. Vikas Patel, Anand

    No, Sujal,

    You are wrong. There is no short sell caught. It is gimmick of the operator, sice the price of this IPO is very high, the chance of oversubscription is very low and hence it is gimmick to attract the investors. Negative listing is expected by me

  20. Sujal Shah, Mumbai

    sir, Welcome decision to activate this group. I used to get useful information and guidance on grey market through your platform.
    Oswal pumps, the premium is not large but short selling is caught and strong buying at this counter is seen since Tuesday morning. Premiuma and subject to rates to move up

  21. Raj

    Can someone tell me local dealer means
    Offline office of online discount brokers or other thing??

    Plz reply

  22. Uttam Singh, Delhi

    When GMP of Belrise expected to be Live. Admin, Be first to notify us.

  23. Resham Kush, Udaipur

    GMP of Virtula is expected to decline. The IPO has no fundamental attraction and profits are highly inflated. Already before the IPO opens, the subject to rates are down.

  24. Rajvir Ghana, Mumbai

    Admin Sir,
    Good that you have started discussion platform hear. It will be very interesting and informative.
    Congratulation. I invite all the GMP players to actively participate

Comments are closed.