GMP & Subject to Rates live updates

Grey Market Premium – Updated on 14 August 2025 at 4:00 PM

📊 GMP Heat Update – Last 4 Hours

🏢 Mahendra Realtors – Premium has completely vanished! From Rs.8 in the morning ➡️ now Nil 😮. Today is the last day for subscription to this SME IPO.

🚢 Regaal Resources – GMP slips to Rs.24 from Rs.34 📉. Application rates have stopped, and Subject to Sauda deals have corrected sharply.

🧴 Gem Aromatics & ⚡ Mangal Electricals – No premium activity observed.

☀️ Vikram Solar – Traders’ focus remains here! Rates steady with strong interest 🔥.

⚡ Much awaited IPO of Tata Capital will tentatively open on 10th September 2025. The IPO is expected to be of Rs. 17000 Crore⚡

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.

Vikram Solar GMP updates Opens on 19 Aug
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs. 2079.37 Cr. Buy Sell  
Price Rs.332 66 70      
Lot 45 Shares     Retail 300 2300
Open 19.08.2025     S HNI 32200
Close 21.08.2025     B HNI 2550 32200
Allotment 22.08.2025          
Listing 26.0.2025          
Discussion: During the day , the premium has remained rangebound between Rs. 65 to 68. However strong buying is seen in Kostak trades.
Shreeji Shipping GMP updates Opens on 19 Aug
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs. 410.71 Cr. Buy Sell  
Price Rs.252 28 32      
Lot 58  Shares     Retail 1300
Open 19.08.2025     S HNI 18200
Close 21.08.2025     B HNI 18200
Allotment 22.08.2025          
Listing 26.0.2025          
Discussion: 
Patel Retail GMP updates Opens on 19 Aug
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs.241.46 Cr. Buy Sell  
Price Rs.255 32 36      
Lot 58  Shares     Retail 1500
Open 19.08.2025     S HNI 21000
Close 21.08.2025     B HNI 1900 21000
Allotment 22.08.2025          
Listing 26.0.2025          
Discussion: 

 

Studio LSD SME IPO Opens on 18 Aug
IPO Detail GMP Subject to Allotted rates
Size Rs.70.13 Cr. 0 Per lot
Price Rs.51     HNI
Lot 4000 Shares Lead Manager    
Open 18.08 Corpwiz Advisors    
Close 20.08.2025 Discussion
Allotment 21.08.2025
Listing 25.08.2025
Mahendra Realtor SME IPO Closes today
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: premium has steadily moved up
Allotment 18.08.2025
Listing 20.08.2025
Ragaal Resources GMP updates Closes today
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs.306 Cr. Buy Sell  
Price Rs.102 22 26      
Lot 144  Shares     Retail 2735
Open 12.08.2025     S HNI 38305
Close 14.08.2025     B HNI 38305
Allotment 18.08.2025          
Listing 20.0.2025          
Discussion: The premium marginally declined to Rs. 28 from rs. 30 during last 3 hours.

 

Icodex Publishing SME IPO Allotment Today
IPO Detail GMP Subject to Allotted rates
Size Rs.39.93 Cr. Per lot
Price Rs.102     HNI
Lot 1200 Shares Lead Manager    
Open 11.08 Indcap Advisors    
Close 13.08.2025 Discussion: The premium crashed from Rs. 14 to NIL
Allotment 14.08.2025
Listing 19.08.2025
Bluestone GMP updates Allotment today
IPO Detail GMP  
Appli. Rates
Subject to
Size Rs.1540.65 Cr. Buy Sell  
Price Rs.517 1 3      
Lot 29  Shares     Retail
Open 11.08.2025     S HNI  
Close 13.08.2025     B HNI
Allotment 14.08.2025          
Listing 19.0.2025          
Discussion: 
Medisteps NSE GMP updates Listing on 18 Aug
IPO Detail GMP Subject to Allotted rates
Size Rs.85.73 Cr. 12 29600 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 Listied @ Rs. 195
IPO Detail GMP Subject to Allotted rates
Size Rs.85.73 Cr. 10 Retail 8000
Price Rs.177     HNI
Lot 800 Shares Lead Manager    
Open 07.08 Beeline Capital    
Close 11.08.2025 Discussion: allotted rates are now live
Allotment 12.08.2025
Listing 14.08.2025
All Time Plastics GMP updates Listing @ Rs. 311
IPO Detail GMP   Allotted
Appli. Rates
Subject to
Size Rs.3600 Cr. Buy Sell  
Price Rs.275 8 10      
Lot 54  Shares     Retail 520
Open   7.08.2025     S HNI
Close 11.08.2025     B HNI 7420
Allotment 12.08.2025          
Listing 14.08.2025          
Discussion: 
JSW Cement GMP updates Listed @ 153.50
IPO Detail GMP   Allotted
Appli. Rates
Subject to
Size Rs.3600 Cr. Buy Sell  
Price Rs.147 2 4      
Lot 102  Shares     Retail 400
Open   7.08.2025     S HNI
Close 11.08.2025     B HNI 5700
Allotment 12.08.2025          
Listing 14.08.2025          
Discussion: Premium has declined sharply since our Review. Discount listing feared

 

Highway Infrastructure GMP updates Listed @ Rs. 115
IPO Detail GMP   Allotted
Appli. Rates
Subject to
Size Rs.130 Cr. Buy Sell  
Price Rs70 23 25      
Lot 211  Shares     Retail
Open   5.08.2025     S HNI
Close   7.08.2025     B HNI
Allotment   8.08.2025          
Listing 12.08.2025          
Discussion: Rates are live but absolutely no volume.

 

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 Live – Updated 14 August 2025 @ 4:00 PM

Live GMP for Vikram Solar, Shreeji Shipping, Patel Retail & More

Latest IPO GMPs with Kostak & Subject to Sauda Rates on 14 Aug 2025

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.