IPO Grey Market Premium and Discussion

Stay updated with the latest details of IPO Grey Market Premium (GMP). Although IPO grey market (also called gray market) is an informal setup and not recognized by stock exchanges, GMP of several IPOs has correctly predicted eventual listing prices.
Here are the latest IPO grey market premium rates.
IPO CompanyIPO DatePrice BandGMPKostak
CreditAccess Grameen8 - 10 AugustINR418 - 422INR15INR150 (11 Aug)
Lodha Developers - - - -

* represents kostak for firm allotment

A gray market transaction involves the unofficial agreement between an IPO investor and a stock broker which allows investors to lock profits before the stock lists. Under this system, shares allotted to IPO applications are sold by brokers without transferring the shares to their accounts. Since this is an unwritten accord between two parties, it entirely depends on the trust between the investor and broker.

Important points about IPO grey market: 

  • IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
  • IPO grey market premium rates are provided as sourced from market intelligence. Please note these rates may be different depending on geographies and markets.
  • We don’t trade into grey market nor do we facilitate buying or selling of IPO forms. 
  • Grey market premium is the rate of premium an IPO commands per share in grey market.
  • Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
IPO Central is simply the best IPO research, recommendation and discussion platform for retail and HNI investors. Investors can also make use of our service for gaining an insight into brokerage house reports and analysts’ minds. Get detailed examination, grey market premium, and study of all upcoming IPOs in India.
Participate in lively IPO discussion and benefit from the perspective of other readers. Here is a list of the current, forthcoming and recently closed public offers in India. Click on the respective IPO and scroll down to the comments section.
IPO CompanyIPO DatePrice Band per share
CreditAccess Grameen8- 10 AugustINR418 - 422
Lodha DevelopersTo be updatedTo be updated
HDFC AMC25 - 27 JulyINR1,095 - 1,100
TCNS Clothing18 - 20 JulyINR714 - 716
Add-Shop Promotions21 - 30 AugINR26
Dangee Dums20 - 24 AugINR74
Aaron Indstries20 - 24 AugINR38
Sungold Media & Entertainment9 - 14 AugINR10
Powerful Technologies9 - 17 AugINR51
Deep Polymers8 - 13 AugINR40

If you spot a new IPO and wish to nudge us about it, drop in a comment. Alternatively, you can write to us at [email protected].

23 thoughts on “IPO Grey Market Premium and Discussion

  • July 17, 2018 at 7:08 PM
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    I hope you are having a good day. I am vaishu patel a marketing scenario from ahmedabad.
    i m also interested in this website.so this website can also be usefull. i also like that.

    Reply
  • April 18, 2018 at 10:55 PM
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    Dear Sir/Madam,

    I hope you are having a good day. I am Raju Modhavadiya, a Retail Investor from Rajkot. I have done 2 application (600 shares x 2) for MMP Industries SME IPO with cut off price from my and my wife’s demat accounts.

    Now there were 1496250 shares for retail investor segment. For this segment, 726000 shares bid came with cut off price (i.e. Rs.188/-) and 1042200 shares bid came with price bids (i.e. Rs.186/- & Rs.187/-).

    According to my knowledge, if there is not 100% subscription with cut off price, all cut off price bidders should get allocation of shares and in this case, for MMP industries SME IPO, retail segment quota was not fully subscribed with cut off price according to information available from NSE website. Still there was no allocation of shares in both accounts.

    Please clarify on this.

    Thanks
    Raju A Modhavadiya

    Reply
  • January 30, 2018 at 11:01 AM
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    Good listing for Amber but nowhere close to the fake GMP many websites were claiming. IPOcentral was the closet to the actual listing price.

    Reply
  • January 5, 2018 at 12:26 PM
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    Kindly suggest me who buys the application. My broker told me it is not possible

    Reply
  • November 21, 2017 at 4:24 PM
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    Kindly suggest me who buys the application..

    Reply
    • November 30, 2017 at 11:21 AM
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      You will need to get in touch with a broker in your city. Don’t trust anyone promising to buy your application.

      Reply
  • November 11, 2017 at 9:10 AM
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    Kindly suggest me broker in maharashtra (ratnagiri) for selling my ipo application. Or any other way?

    Reply
  • November 7, 2017 at 10:31 PM
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    IPO gray market in mumbai?

    Reply
  • November 3, 2017 at 10:30 PM
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    Tum log duniya ke pichhe rah jaoge.kyuki ipo ka gmp apne date to date update nai kar rahe ho.apse investor ka vishvas tutega.

    Reply
  • November 2, 2017 at 5:33 PM
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    kindly suggest me grey market broker in jaipur.

    Reply
    • March 19, 2018 at 9:21 PM
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      Kindly suggest me gray market broker in Jaipur.

      Reply
  • October 22, 2017 at 7:23 PM
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    Why IEX premium is shown to min AMT as it is going to be in the 100/150 range as per other websites

    Reply
    • October 24, 2017 at 11:54 AM
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      This turned out to be the actual price! Accurate grey market price here.

      Reply
  • October 11, 2017 at 2:07 PM
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    when kostak application is sold to broker ,how settlement takes place in case of allotment.Does it off market or applicant sells the allotted share in exchange and then settled? If that be the case who bear the tax burden?

    Reply
  • October 11, 2017 at 2:02 PM
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    when kostak application is sold to broker how it is settled? Is it off market or applicant sells on exchange and then settlement takes place.

    Reply
  • October 10, 2017 at 1:43 PM
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    Kindly suggest me broker in Kota (rajasthan) for selling my ipo application. Or any other way?

    Reply
  • October 10, 2017 at 12:16 PM
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    Could someone provide such broker in Mumbai

    Reply
  • October 6, 2017 at 1:19 AM
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    what is opened mehai tech. and gmp?

    Reply
  • September 27, 2017 at 12:37 AM
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    What about SME like Share India Securities? Any one has an idea what its GMP is please?

    Reply
  • September 25, 2017 at 9:34 AM
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    Explian about HNI

    Reply
  • September 19, 2017 at 1:30 PM
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    What does kostak column mean in your article

    Reply
    • September 22, 2017 at 9:56 AM
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      “Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.”

      It is mentioned in the article! Please see below the table. In short, you will need a broker who will buy your application and sell it to a wealthy HNI.

      Reply
      • October 10, 2017 at 12:20 PM
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        I am looking for any such broker in Mumbai. If someone could provide contact details.

        Reply

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