
IPO GMP Live Updates Today – Grey Market Premium – Pan India
Updated on 17 Sept. 2025 @ 8.01 PM | Mainboard & SME IPOs
IPO GMP Live -Chanakya’s Insights
📊 Saatvik Green Energy (Mainboard)
Rocking in the premium market, GMP shoots upto Rs. 77 ( today morning Rs. 70 & yesterday night Rs.20) Huge churn reported across Delhi, Mumbai, Jaipur, Ahmedabad, Rajkot, Kolkata & Gandhidham
🛠️ Jinkushal (Mainboard)
Raipur-based company engaged in buying old earthmoving equipment, refurbishing and exporting them. Strong profitability profile. Premium trades started on a strong note 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. 15 (vs Rs. 20 in the 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 steady at Rs. 22 (vs Rs. 20 earlier).Anticipation of strong surge to Rs. 30 and then Rs. 34 in the premium.
📢 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. 10,000 |
After 30 Days 18% ROI |
DSM Fresh Foods BSE IPO-GMP | Opens on 26 Sept. | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 45.04 Cr. | – | – | Retail | – |
Price | Rs.102 | HNI | – | ||
Lot | 1200 Shares | Lead Manager | |||
Open | 26.09 | Narnolia Financia | |||
Close | 30.09.2025 | 👉New Delhi 👉Online retailer of fresh meat and ready-to-cook/eat non-veg products. |
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Allotment | 1.10.2025 | ||||
Listing | 6.10.2025 | ||||
Anand Rathi IPO-GMP updates | Coming Soon | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 745 Cr. | Buy | Sell | |||
Price | Rs. | – | – | |||
Lot | Shares | Retail | – | – | ||
Open | 23.09.2025 | S HNI | – | – | ||
Close | 25.09.2025 | B HNI | – | – | ||
Allotment | 26.09.2025 | |||||
Listing | 30.10.2025 | |||||
👉Mumbai 👉Share broking business |
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Jinkushal Industries IPO-GMP updates | Opens on 25 Sept | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 116.11 Cr. | Buy | Sell | |||
Price | Rs. 121 | 50 | 52 | |||
Lot | 120 Shares | Retail | – | 4700 | ||
Open | 25.09.2025 | S HNI | – | 65,800 | ||
Close | 29.09.2025 | B HNI | – | 65,800 | ||
Allotment | 30.09.2025 | |||||
Listing | 3.10.2025 | |||||
👉Raipur Chattisgarh 👉Refurbishing of Earthmoving equipments. |
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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 | Smart Horizone | |||
Close | 25.09.2025 | 👉New Delhi 👉Agritech Solution provider |
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Allotment | 26.09.2025 | ||||
Listing | 30.09.2025 | ||||
Aptus Pharma BSE IPO-GMP | Opens on 23 Sept. | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 13.02 Cr. | – | – | Retail | – |
Price | Rs.70 | HNI | – | ||
Lot | 2000 Shares | Lead Manager | |||
Open | 23.09 | Interactive Financials | |||
Close | 25.09.2025 | 👉Ahmedabad 👉Marketing of Pharma products |
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Allotment | 26.09.2025 | ||||
Listing | 30.09.2025 | ||||
Atlanta Electricals IPO-GMP updates | Opens on 22 Sept | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 900 Cr. | Buy | Sell | |||
Price | Rs. 754 | – | – | |||
Lot | 32 Shares | Retail | – | – | ||
Open | 22.09.2025 | S HNI | – | – | ||
Close | 24.09.2025 | B HNI | – | – | ||
Allotment | 25.09.2025 | |||||
Listing | 29.09.2025 | |||||
👉Anand, Gujarat 👉leading manufacturers of power, auto and inverter duty transformers |
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Saatvik Green Energy IPO-GMP updates | Opens on 19 Sept | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 900 Cr. | Buy | Sell | |||
Price | Rs. 465 | 74 | 76 | |||
Lot | 32 Shares | Retail | – | 1,800 | ||
Open | 19.09.2025 | S HNI | – | 25,200 | ||
Close | 23.09.2025 | B HNI | – | 25,200 | ||
Allotment | 24.09.2025 | |||||
Listing | 26.09.2025 | |||||
👉Ambala Haryana 👉manufacturing of solar modules, also catering to EPC projects. |
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Chittorgarh IPO GMP
G K Energy IPO-GMP updates | Opens on 19 Sept | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 464.26 Cr. | Buy | Sell | |||
Price | Rs. 153 | 44 | 46 | |||
Lot | 98 Shares | Retail | – | 3400 | ||
Open | 19.09.2025 | S HNI | – | 47600 | ||
Close | 23.09.2025 | B HNI | – | 47600 | ||
Allotment | 24.09.2025 | |||||
Listing | 26.09.2025 | |||||
👉Ambala Haryana 👉manufacturing of solar modules, also catering to EPC projects. |
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iValue Infosolutions IPO-GMP updates | Opens on 18 Sept | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 560.29 Cr. | Buy | Sell | |||
Price | Rs. 299 | 14 | 16 | |||
Lot | 50 Shares | Retail | – | 600 | ||
Open | 18.09.2025 | S HNI | – | 8400 | ||
Close | 22.09.2025 | B-HNI | 8400 | |||
Allotment | 23.09.2025 | |||||
Listing | 25.09.2025 | |||||
👉Bengaluru 👉focused on enterprise digital transformatio |
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J D Cables BSE IPO-GMP | Opens on 18 Sept. | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 91.19 Cr. | 30 | 18,200 | Retail | – |
Price | Rs.152 | HNI | – | ||
Lot | 800 Shares | Lead Manager | |||
Open | 18.09 | GYR Capital | |||
Close | 22.09.2025 | 👉West Bengal 👉manufacturing of high-quality cables and conductors |
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Allotment | 23.09.2025 | ||||
Listing | 25.09.2025 | ||||
VMS TMT IPO-GMP updates | Opens today | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 148.50 Cr. | Buy | Sell | |||
Price | Rs.99 | 22 | 24 | |||
Lot | 150 Shares | Retail | 230 | 2,600 | ||
Open | 17.09.2025 | S HNI | – | 36,400 | ||
Close | 19.09.2025 | B HNI | – | 36,400 | ||
Allotment | 22.09.2025 | |||||
Listing | 24.09.2025 | |||||
👉HO-Ahmedabad 👉Manufactures & sells TMT bars |
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Sampat Aluminium BSE IPO-GMP | Opens today | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 30.53 Cr. | 22 | 20,100 | Retail | – |
Price | Rs.120 | HNI | – | ||
Lot | 1200 Shares | Lead Manager | |||
Open | 17.09 | GYR Capital | |||
Close | 19.09.2025 | 👉Gandhinagar, Gujarat 👉Manufacturing of Alluminium Wire rods & wires |
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Allotment | 22.09.2025 | ||||
Listing | 24.09.2025 | ||||
Euro Pratik IPO-GMP updates | IPO is open | |||||
IPO Details & Review | GMP | Appli. Rates |
Subject to | |||
Size | Rs. 451.32 Cr. | Buy | Sell | |||
Price | Rs. 235-247 | 4 | 6 | |||
Lot | 60 Shares | Retail | – | – | ||
Open | 16.09.2025 | S HNI | – | – | ||
Close | 18.09.2025 | B HNI | – | – | ||
Allotment | 19.09.2025 | |||||
Listing | 25.09.2025 | |||||
👉HO-Ahmedabad 👉Marketing of decorative wall panel and decorative laminates |
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TechDefence NSE IPO-GMP | Closed | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 38.99 Cr. | 195 | 88,900 | Retail | – |
Price | Rs.193 | HNI | – | ||
Lot | 600 Shares | Lead Manager | Subscribed | 718.30T | |
Open | 15.09 | GYR Capital | Accumulated | Rs.25599 Cr. | |
Close | 17.09.2025 | 👉Ahmedabad 👉Cyber security specialist |
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Allotment | 18.09.2025 | ||||
Listing | 22.09.2025 | ||||
L.T.Elevator BSE IPO-GMP | Allotment today | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 39.37Cr. | 30 | 36,500 | Retail | – |
Price | Rs.140 | HNI | – | ||
Lot | 1000 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 |
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Allotment | 17.09.2025 | ||||
Listing | 20.09.2025 | ||||
Airfloa Rail BSE IPO-GMP | Listing on 18 Sept | ||||
IPO Details & Review | GMP | Subject to | Allotted rates | ||
Size | Rs 86.53 Cr. | 170 | 129,200 | Retail | – |
Price | Rs.140 | HNI | – | ||
Lot | 1000 Shares | Lead Manager | Subscribed | 301.52T | |
Open | 11.09 | GYR Capital Advisors | Accumulated | 26091Cr. | |
Close | 15.09.2025 | 👉Chennai based, 👉Manufactures components for Rail coach |
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Allotment | 16.09.2025 | ||||
Listing | 18.09.2025 | ||||
Quicklinks
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.
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.
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.
GMP activity can begin even before the price band is announced.
It often reflects market sentiment and gives an early idea about possible listing gains.
In SME ipo subject rates given is for per lot basis to be multiply by no.of loads receive kindly confirm.
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.
Jainik Power disappointed us. Very poor listing. Not expected this much discount listing.
Admin, Patil Automation appears to be good IPO. Should I make 4 applications in HNI category?. What about returns?
Admin ji, What is your guidance about Eppletone sme IPO? Should I apply or avoid?
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?
Sir, I have bought 1000 shares of HDB financial at current premium. Should I add more? Will be profitable on listing?
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.
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
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.
Qiality of the comments were very high at this platform. No nonsence discussion just like other sites. Congratulations to the Admin.
@Sevaklal,
Aten may not bring good listing gains. No buyers in grey market. Apply with full force in Sacheerome.
Admin, Pl provide your guidance on Aten papers. Should be applied or avoided?
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.
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
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
Any updates on HDB securities application rates? When this IPO expected?
Good that admin has activated this discussion forum. It will be very useful to us.
What is your observation about Aten Papers. Earlier the IPO was postponed. No premium as of now. What to do?
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.
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.
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
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
Can someone tell me local dealer means
Offline office of online discount brokers or other thing??
Plz reply
When GMP of Belrise expected to be Live. Admin, Be first to notify us.
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.
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
Good that you provide this valuable information.