🟢 Last Updated: April 10, 2026

GMP data is sourced from grey market participants and is for informational purposes only. GMP is speculative and not regulated by SEBI. Do not make investment decisions based solely on GMP.

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Company Issue Price (₹) GMP (₹) Est. Listing Price GMP % Signal Status Action

* GMP data is unofficial and sourced from grey market. Listing prices may differ significantly. Last update: April 10, 2026.

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What is IPO GMP (Grey Market Premium)?

Grey Market Premium (GMP) is the price at which IPO shares are traded in the unofficial grey market before they officially list on the stock exchange (NSE or BSE). The grey market is an informal market where buyers and sellers trade IPO shares outside the regulatory framework.

If an IPO has an issue price of ₹500 and the GMP is ₹100, it means grey market participants are willing to buy and sell the shares at ₹600 — ₹100 above the issue price. This suggests strong demand and a potential listing gain of approximately 20%.

How to Interpret GMP Signals

STRONG BUY GMP above 20% of issue price
MODERATE GMP 10-20% of issue price
WEAK GMP below 10% or negative
NEUTRAL GMP at par (0) — no premium/discount
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GMP FAQs

Is GMP reliable for predicting listing price?
GMP can be a useful indicator of market sentiment, but it is not always accurate. Several highly-subscribed IPOs with strong GMP have listed below the issue price, while some low-GMP IPOs have surprised with strong listings. Use GMP as one of many factors in your research, not the only one.
Can I trade in the grey market?
Grey market trading is unofficial, unregulated, and not recognised by SEBI or any stock exchange. Trading in the grey market involves significant counterparty risk — there is no legal recourse if the other party defaults. ipo4u.com does not facilitate or recommend grey market trading. We only display GMP data for informational purposes.
How often is GMP updated?
We update our GMP table daily, typically in the morning. However, GMP can change multiple times throughout the day based on market sentiment, subscription levels, and broader market conditions. For the most current GMP, join our Telegram channel for real-time updates.