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May 21, 2025 | by Amit Sharma

Curious about how hot an IPO really is before it hits the market? That’s where IPO GMP – or Grey Market Premium – comes in. In this guide, we break down everything you need to know in plain English and show you the live IPO GMP data that actually matters.
| IPO Name | Price Band | GMP | Est. Listing Price | Type | Subscription Status |
|---|---|---|---|---|---|
| Borana Weaves IPO | ₹216 | ₹60 | ₹276 | Mainboard | Oversubscribed |
| Dar Credit | ₹60 | ₹12 | ₹72 | SME (NSE) | Very Strong |
| Unified Data-Tech | ₹273 | ₹33 | ₹306 | SME (BSE) | Building Interest |
| Leela Hotels | ₹435 | ₹21 | ₹456 | Mainboard | Moderate |
| Blue Water Logistics | ₹135 | ₹8 | ₹143 | SME (NSE) | Low Demand |
💡 GMP = Grey Market Premium. It’s the extra price buyers are willing to pay for IPO shares before they’re listed.
IPO GMP (Grey Market Premium) is the unofficial premium at which IPO shares are being traded before they’re officially listed on stock exchanges like BSE and NSE.
In short: it’s a sneak peek into investor sentiment.
If a stock is issued at ₹100 and the GMP is ₹30, that means investors expect it to list at around ₹130.
👉 Use IPO GMP as an indicator, not a guarantee. Fundamentals still matter most.
Nope. It’s unofficial and outside SEBI’s regulatory framework. It’s risky and unprotected. Use the data only to guide your research—not for trading.
It’s an estimate:
Estimated Listing Price = Issue Price + GMP
So, if issue price is ₹200 and GMP is ₹50, listing might happen near ₹250. But actual listings often surprise everyone.
You can follow sites like IPOWatch, but Invest With Bull now gives you:
Is IPO GMP accurate?
It’s a good pulse check but not always right. Market conditions can flip overnight.
What’s a good GMP?
₹30+ for SME IPOs or 10%+ for Mainboard ones is considered decent.
Should I apply just based on GMP?
No. Use it as a guide, not a decision-maker. Always check the company’s fundamentals and financials.
Is it safe to trade in the grey market?
Not really. It’s unofficial and not legally protected.
IPO GMP is just one part of the puzzle. It helps gauge excitement—but don’t ignore fundamentals, management, and market trends. Stay informed, not hyped.
Bookmark this page for daily GMP insights and listing predictions.
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