GMP & Subject to Rates live updates

Stay ahead with real-time updates on Grey Market Premiums (GMP), Kostak rates, and subject-to rates for all major IPOs in India. This feed is updated multiple times a day to bring you the latest insider trends, investor sentiment, and potential listing gain estimates.

Updated on August 8, 2025 @ 11.30 am

Mahendra Realtor SME IPO Opens on 12 Aug
IPO Detail GMP Subject to Allotted rates
Size Rs.46.97 Cr. Per lot
Price Rs.85     HNI
Lot 1600 Shares Lead Manager    
Open 12.08 Fasttrack Finsec    
Close 14.08.2025 Discussion
Allotment 18.08.2025
Listing 20.08.2025
Ragaal Resources GMP updates Opens on 12 Aug
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs.306 Cr. Buy Sell  
Price Rs.102 17 19      
Lot 144  Shares     Retail 2000
Open 12.08.2025     S HNI   28000
Close 14.08.2025     B HNI 28000
Allotment 18.08.2025          
Listing 20.0.2025          
Discussion: 

 

Icodex Publishing SME IPO Opens on 11 Aug
IPO Detail GMP Subject to Allotted rates
Size Rs.39.93 Cr. 0 Per lot
Price Rs.102     HNI
Lot 1200 Shares Lead Manager    
Open 11.08 Indcap Advisors    
Close 13.08.2025 Discussion
Allotment 14.08.2025
Listing 19.08.2025
Bluestone GMP updates Opens on 11 Aug
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs.1540.65 Cr. Buy Sell  
Price Rs.517 15 17      
Lot 29  Shares     Retail 400
Open 11.08.2025     S HNI   5600
Close 13.08.2025     B HNI 5600
Allotment 14.08.2025          
Listing 19.0.2025          
Discussion: 
Medisteps NSE GMP updates Opens on 8 Aug
IPO Detail GMP Subject to Allotted rates
Size Rs.85.73 Cr. 12 13700 Retail
Price Rs.43     HNI
Lot 1500 Shares Lead Manager    
Open 08/08 Fasttrack Finsec    
Close 12.08.2025 Discussion
Allotment 13.08.2025
Listing 18.08.2025

 

Connplex Cinemas NSE GMP updates IPO is open
IPO Detail GMP Subject to Allotted rates
Size Rs.85.73 Cr. 31 18800 Retail
Price Rs.177     HNI
Lot 800 Shares Lead Manager    
Open 07.08 Beeline Capital    
Close 11.08.2025 Discussion
Allotment 12.08.2025
Listing 14.08.2025
All Time Plastics GMP updates IPO is open
IPO Detail GMP   Appli. Rates Subject to
Size Rs.3600 Cr. Buy Sell  
Price Rs.275 24 26      
Lot 54  Shares     Retail 1000
Open   7.08.2025     S HNI 14000
Close 11.08.2025     B HNI 14000
Allotment 12.08.2025          
Listing 14.08.2025          
Discussion: 

JSW Cement IPO — Why You Might Avoid It

JSW Cement GMP updates IPO is open
IPO Detail GMP   Appli. Rates Subject to
Size Rs.3600 Cr. Buy Sell  
Price Rs.147 2 4 sellers    
Lot 102  Shares     Retail 200 300
Open   7.08.2025     S HNI 600 4000
Close 11.08.2025     B HNI 2500 4000
Allotment 12.08.2025          
Listing 14.08.2025          
Discussion: Premium has declined sharply since our Review. May decline to nil

 

Highway Infrastructure GMP updates Allotment today
IPO Detail GMP   Appli. Rates Subject to
Size Rs.130 Cr. Buy Sell  
Price Rs70 35 37      
Lot 211  Shares     Retail 6400
Open   5.08.2025     S HNI 89800
Close   7.08.2025     B HNI 2000 89800
Allotment   8.08.2025          
Listing 12.08.2025          
Discussion: Rates are live but absolutely no volume.
Aradhaya Disposable NSE GMP updates Credit of shares
IPO Detail GMP Subject to Allotted rates
Size Rs.45.10 Cr.   Retail
Price Rs.116     HNI
Lot 1200 Shares Lead Manager    
Open 04.08 Khambatta Securities    
Close 06.08.2025 Discussion
Allotment 07.08.2025
Listing 11.08.2025
Essex Marine BSE GMP updates Credit of shares
IPO Detail GMP Subject to Allotted rates
Size Rs.21.86 Cr. Per lot
Price Rs.54      
Lot 2000 Shares Lead Manager    
Open 04.08 Khandwala Securities    
Close 06.08.2025 Discussion
Allotment 07.08.2025
Listing 11.08.2025
Bhadora Industries NSE GMP updates Credit of shares
IPO Detail GMP Subject to Allotted rates
Size Rs.55.61 Cr. 1 900 Per lot
Price Rs.103      
Lot 1200 Shares Lead Manager    
Open 04.08 Unistone Capital    
Close 06.08.2025 Discussion
Allotment 07.08.2025
Listing 11.08.2025
BLT Industries BSE GMP updates Credit of shares
IPO Detail GMP Subject to Allotted rates
Size Rs.9.72 Cr. 25 30400 Per lot
Price Rs.75      
Lot 1600 Shares Lead Manager    
Open 04.08 Beeline Capital    
Close 06.08.2025 Discussion
Allotment 07.08.2025
Listing 11.08.2025
Parth Electricals NSE GMP updates Credit of shares
IPO Detail GMP Subject to Allotted rates
Size Rs.? Cr. 10 6100 Retail
Price Rs.170     HNI
Lot 800 Shares Lead Manager    
Open 04.08.2025 Horizon Management    
Close 06.08.2025 Discussion
Allotment 07.08.2025
Listing 11.08.2025
Jyoti Global NSE IPO GMP updates Credit of shares
IPO Detail GMP Subject to Allotted rates
Size Rs33.66 Cr. Retail
Price Rs.66     HNI
Lot 2000 Shares Lead Manager    
Open 04.08.2025 Unistone Capital    
Close 06.08.2025 Discussion
Allotment 07.08.2025
Listing 11.08.2025
Flysbs Aviation GMP updates

Listing today

IPO Detail GMP Subject to Allotted rates
Size Rs.97.36 Cr. 240 109400 Retail
Price Rs.225     HNI
Lot 600 Shares Lead Manager    
Open 01.08.2025 Vivro Financial    
Close 05.08.2025 Discussion
Allotment 06.08.2025
Listing 08.08.2025

Renol Polychem GMP updates Listed @ Rs. 105
IPO Detail GMP Subject to Allotted rates
Size Rs.24.20 Cr. 3 2700 Retail
Price Rs.105     HNI
Lot 1200 Shares Lead Manager    
Open 31.07. Corporate Makers    
Close 04.08.2025 Discussion
Allotment 05.08.2025
Listing 07.08.2025
Cash UR Drives GMP updates Listed @ Rs. 155
IPO Detail GMP Subject to Allotted rates
Size Rs.57.42 Cr. 23 17500 Retail
Price Rs.130   per lot HNI
Lot 1000 Shares Lead Manager    
Open 31.07 Narnolia Financial    
Close 04.08.2025 Discussion
Allotment 05.08.2025
Listing 07.08.2025

 

Q1. What is Grey Market Premium (GMP) in IPO?

A1. Grey Market Premium (GMP) refers to the unofficial premium at which IPO shares are traded before they are officially listed on the stock exchange. It reflects investor sentiment and potential listing gains.

Q2. Is Grey Market trading legal in India?

A2. No, grey market trading is not officially regulated by SEBI or any recognized stock exchange. It operates informally through dealers and carries risks.

Q3. What is ‘Subject to Sauda’ in IPO grey market?

A3. ‘Subject to Sauda’ is a type of grey market deal where the seller receives a fixed profit if the IPO allotment is successful. If not allotted, the deal stands cancelled.

Q4. How is GMP calculated?

A4. GMP is the difference between the grey market price and the issue price of an IPO share. For example, if an IPO share trades at Rs.150 in the grey market and the issue price is Rs.100, the GMP is Rs.50.

Q5. Does GMP guarantee listing gains?

A5. No, GMP is only an indicator of market sentiment. Listing gains depend on multiple factors including market conditions, subscription levels, and fundamentals of the company.

Q6. Why do GMP, Kostak, and Subject to rates change frequently?

A6. These rates are driven by demand-supply dynamics, market sentiment, and subscription trends. They can change rapidly based on new information or broader market movement.

Grey Market Premium

28 Comments on “GMP & Subject to Rates 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.