IPO GMP Today – Grey Market Premium Tracker for 2025 (Live Updates)
May 21, 2025 | by meenakshi devi

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.
Live IPO GMP Table – Mainboard & SME IPOs
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.
What is IPO GMP?
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.
Why IPO GMP Matters (But Don’t Bet the Farm)
- ✅ Gives early signs of investor interest
- ⚠️ Not SEBI-regulated
- 💹 Influenced by market trends and emotions
- 🤝 Based on informal deals between brokers
👉 Use IPO GMP as an indicator, not a guarantee. Fundamentals still matter most.
Grey Market Glossary
- Kostak Rate: The price you get for selling your IPO application before allotment.
- Subject to Sauda: Conditional deal—money only changes hands if the allotment happens.
What Impacts IPO GMP?
- Company fundamentals – revenue, profits, management
- Overall market mood – bullish or bearish?
- Qualified Institutional Buyers (QIBs) – their response matters a lot
- Demand vs supply – limited shares with high demand = higher GMP
Is Grey Market Trading Legal?
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.
How is IPO GMP Calculated?
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.
Where to Track Real IPO GMP?
You can follow sites like IPOWatch, but Invest With Bull now gives you:
- 💸 Daily GMP updates
- 📊 Subscription tracker
- 🧾 SME IPO trends
- 🔍 Fundamentals review
- 🔔 Notification alerts for hot IPOs
FAQs on Grey Market Premium
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.
Final Word from Amit Sharma
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.
Join 20,000+ retail investors who follow Invest With Bull for IPO updates, GMP trends, and smarter investing decisions.
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