Check IPO GMP today for 6 active IPOs as of 19 July 2026 (2 currently open for bidding). The highest IPO GMP today is Shree Balaji Textiles IPO at +₹19 (27.1% above its ₹70 issue price), implying a listing around ₹89. The live IPO GMP table below also shows Kostak rate, Subject to Sauda, reliability score, and 7-day trend for mainboard and SME issues.
IPO GMP is the informal grey market premium at which shares trade before listing on NSE or BSE. A positive Grey Market Premium (GMP) indicates strong demand and an expected listing gain, while a negative GMP suggests weak listing expectations and possible listing below issue price.
Methodology: stoicHQ aggregates publicly available grey market dealer quotes and community signals, refreshes this table by 9 AM IST each day, and updates sooner when meaningful GMP moves are confirmed. Read our full editorial policy and methodology.
How to use this data
Today's IPO GMP for upcoming and recently listed IPOs in India, with Kostak rate, Subject to Sauda, 7-day trend, and reliability score. Table updated daily. What is GMP, Kostak, and Subject to Sauda? → · See full IPO list with listing dates →
| IPO Name | GMP | 7d Trend | Price Band | Est. Listing | Kostak | Status | Updated |
|---|---|---|---|---|---|---|---|
| Caliber Mining IPO Listing: July 24, 2026 · Issue ₹424 | +₹105 24.8% | ₹402-₹424 | ₹529 | - | Open | 19 July 2026 | |
| Xtranet Technologies IPO Listing: July 30, 2026 · Issue ₹127 | +₹18 14.2% | ₹120-₹127 | ₹145 | - | Upcoming | 19 July 2026 | |
| SBI Funds Management IPO Listing: July 21, 2026 · Issue ₹574 | +₹97 16.9% | ₹545-₹574 | ₹671 | - | Closed | 19 July 2026 | |
| Laser Power & Infra IPO Listing: July 16, 2026 · Issue ₹214 | +₹31 14.5% | ₹203-₹214 | ₹269 | - | Listed | 19 July 2026 | |
| Kusumgar IPO Listing: July 15, 2026 · Issue ₹419 | +₹161 38.4% | ₹398-₹419 | ₹574 | - | Listed | 19 July 2026 | |
| Alpine Texworld IPO Listing: July 21, 2026 · Issue ₹105 | ₹0 | ₹100-₹105 | ₹105 | - | Closed | 19 July 2026 |
| IPO Name | GMP | 7d Trend | Price Band | Est. Listing | Kostak | Status | Updated |
|---|---|---|---|---|---|---|---|
| Sotefin Bharat IPO Listing: July 23, 2026 · Issue ₹187 | +₹7 3.7% | ₹178-₹187 | ₹194 | - | Open | 19 July 2026 | |
| Gulf Lloyds India IPO Listing: July 27, 2026 · Issue ₹100 | +₹15 15.0% | ₹100 (fixed price) | ₹115 | - | Upcoming | 19 July 2026 | |
| Metalic Technoforge IPO Listing: July 28, 2026 · Issue ₹77 | ₹0 | ₹72-₹77 | ₹77 | - | Upcoming | 19 July 2026 | |
| Shree Balaji Textiles IPO Listing: July 29, 2026 · Issue ₹70 | +₹19 27.1% | ₹66-₹70 | ₹89 | - | Upcoming | 19 July 2026 | |
| Millworks Technologies IPO Listing: July 21, 2026 · Issue ₹331 | +₹297 89.7% | ₹315-₹331 | ₹628 | - | Closed | 19 July 2026 | |
| Devson Catalyst IPO Listing: July 16, 2026 · Issue ₹118 | +₹44 37.3% | ₹112-₹118 | ₹196 | - | Listed | 19 July 2026 | |
| Happy Steels IPO Listing: July 16, 2026 · Issue ₹66 | +₹10 15.2% | ₹62-₹66 | ₹68 | - | Listed | 19 July 2026 |
GMP (Grey Market Premium) is the informal price at which IPO shares trade before the stock officially lists on NSE or BSE. It reflects demand in the grey market and is not a legally binding price.
GMP reliability varies. For large mainboard IPOs with 5x+ QIB subscription, GMP is a reasonable directional indicator. For SME IPOs or those with low QIB subscription, GMP can be gamed by grey market operators. stoicHQ rates reliability based on IPO size, QIB interest, and promoter credibility.
We source GMP from grey market dealer channels and other public market checks, publish the latest confirmed number on this page by 9 AM IST, and revise faster if sentiment changes during the day. For our full standards, data caveats, and review process, see About stoicHQ.
In 2024, IPOs with GMP above 30% listed with gains in roughly 7 of 10 cases, and IPOs with negative GMP listed below issue price in roughly 6 of 10 cases. GMP accuracy falls sharply for SME IPOs, where thin grey market liquidity distorts the signal. Mainboard IPOs above ₹50 crore issue size show stronger GMP correlation with listing performance than smaller issues.
GMP (Grey Market Premium) is the price at which IPO shares trade in the unofficial grey market before listing. A positive GMP means demand is strong; a negative GMP (negative premium) means the IPO is expected to list below issue price.
GMP gives a rough demand signal but is not always accurate. It reflects unofficial market sentiment - not SEBI-regulated trading. Historical accuracy varies: high-demand IPOs with GMP above 30% often list with gains, but GMP can change sharply in the final 2-3 days before listing.
GMP data comes from grey market dealers who facilitate unofficial trades. There is no central exchange - prices vary across dealers and regions. The numbers shown here aggregate publicly available community data.
Kostak is the amount a grey market dealer pays to buy an IPO application before allotment is known. It represents the value of the chance of getting allotted shares, regardless of whether you actually get them.
Negative GMP (also called discount) means grey market participants expect the IPO to list below its issue price. For example, -Rs50 GMP on a Rs300 issue price implies an expected listing around Rs250. This is a bearish signal but not guaranteed.
Subject to Sauda (STS) is a grey market transaction where shares are traded before allotment. Unlike Kostak trades which have a fixed premium regardless of allotment, STS trades only settle if the buyer receives an IPO allotment.
IPO GMP is updated continuously by grey market traders, typically multiple times per day during active trading sessions. Updates accelerate in the days immediately before an IPO opens and on listing day.
GMP reflects grey market sentiment before listing, which can be driven by hype, limited supply in the grey market, or speculative demand. On listing day, actual market supply from allotted investors often brings the price below the GMP prediction.
A GMP above 20% of the issue price is generally considered positive. Above 30% suggests strong grey market demand. GMP above 50% is rare and often indicates high subscription numbers combined with limited float.
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The grey market is an unofficial, unregulated channel where IPO shares and applications trade before the stock exchange listing date. Participants include retail investors, brokers, and high-net-worth individuals who want to exit or enter IPO positions without waiting for allotment and listing. GMP reflects the collective expectation of where the stock will open on listing day - it is essentially a prediction market, not an official price discovery mechanism.
A high positive GMP (e.g., ₹50+ on a ₹200 issue price) suggests strong grey market demand and a likely strong listing. A GMP near zero indicates neutral sentiment - listing could go either way. A negative GMP (discount) is a warning sign: grey market participants expect listing below issue price. However, GMP can shift dramatically in the final 24-48 hours before listing, especially with volatile broader market conditions. Always weight GMP alongside subscription data and analyst commentary.
Academic and market research suggests GMP has moderate predictive accuracy for listing-day gains - roughly 60-70% directional accuracy in normal market conditions. In bull markets, GMP tends to underpredict listing gains. In bear markets or sector-specific downturns, strong GMPs can reverse quickly. The stoicHQ reliability score on each IPO card reflects our assessment of data quality and historical signal strength for that specific issue.
Grey market transactions are legally unenforceable and carry significant counterparty risk. There is no regulator, no dispute resolution mechanism, and no insurance. Participants rely entirely on broker reputation and informal trust. SEBI has repeatedly cautioned investors against grey market participation. stoicHQ publishes GMP data as an informational tool - we do not facilitate grey market transactions and do not recommend participating in them.
Use the FAQ section above for concise answers on GMP reliability, Kostak rate, Subject to Sauda, negative GMP, and how often the data changes. The accordion is the primary reference for these common questions so this guide can stay focused on interpretation and risk.