IPO Grey Market Premium or GMP is an important indicator of investor sentiment. Though it is unofficial and unregulated by SEBI, many investors follow GMP to estimate possible listing gains. Below is the latest GMP data for upcoming and ongoing IPOs.
Current IPO GMP and Estimated Listing Gains July 2025
Complete IPO GMP Table
| IPO Name | GMP (Rs) | Price (Rs) | Gain | Dates | Subject to Sauda (₹) | Type |
|---|---|---|---|---|---|---|
| PropShare Titania | ₹‑ | ₹10,60,000 | ‑% | 21–25 July | ₹‑ | Mainboard |
| GNG Electronics | ₹102 | ₹237 | 43.03 % | 23–25 July | ₹4,800 | Mainboard |
| Indiqube Spaces | ₹14 | ₹237 | 5.90 % | 23–25 July | ₹700 | Mainboard |
| Brigade Hotel Ventures | ₹7 | ₹90 | 7.77 % | 24–28 July | ₹800 | Mainboard |
| Shanti Gold | ₹‑ | ₹199 | ‑% | 25–29 July | ₹‑ | Mainboard |
| Laxmi India Finance | ₹‑ | ₹158 | ‑% | 29–31 July | ₹‑ | Mainboard |
| Aditya Infotech | ₹227 | ₹675 | 33.62 % | 29–31 July | ₹3,800 | Mainboard |
| Sri Lotus Developers | ₹34 | ₹150 | 22.66 % | 30 July–1 August | ₹2,400 | Mainboard |
| NSDL | ₹169 | ₹800 | 21.125 % | 30 July–1 August | ₹1,800 | Mainboard |
| M&B Engineering | ₹‑ | ₹385 | ‑% | 30 July–1 August | ₹‑ | Mainboard |
| Hero Fincorp | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| Savy Infra | ₹25 | ₹120 | 20.83 % | 21–23 July | ₹22,800 | NSE SME |
| Swastika Castal | ₹‑ | ₹65 | ‑% | 21–23 July | ₹‑ | BSE SME |
| Monarch Surveyors | ₹180 | ₹250 | 72 % | 22–24 July | ₹82,100 | BSE SME |
| TSC India | ₹‑ | ₹70 | ‑% | 23–25 July | ₹‑ | NSE SME |
| Patel Chem Specialities | ₹35 | ₹84 | 41.66 % | 25–29 July | ₹42,600 | BSE SME |
| Sellowrap Industries | ₹14 | ₹83 | 16.86 % | 25–29 July | ₹17,000 | NSE SME |
| Shree Refrigerations | ₹80 | ₹125 | 64 % | 25–29 July | ₹60,800 | BSE SME |
| Repono | ₹17 | ₹95 | 17.89 % | 28–30 July | ₹15,500 | BSE SME |
| Umiya Mobile | ₹‑ | ₹66 | ‑% | 28–30 July | ₹‑ | BSE SME |
| Kaytex Fabrics | ₹21 | ₹180 | 11.66 % | 29–31 July | ₹12,800 | NSE SME |
| B.D.Industries (Pune) | ₹‑ | ₹108 | ‑% | 30 July–1 August | ₹‑ | BSE SME |
| Mehul Colours | ₹‑ | ₹72 | ‑% | 30 July–1 August | ₹‑ | BSE SME |
| Takyon Networks | ₹‑ | ₹54 | ‑% | 30 July–1 August | ₹‑ | BSE SME |
| Cash Ur Drive Marketing | ₹‑ | ₹130 | ‑% | 31 July–4 August | ₹‑ | NSE SME |
| Jyoti Global Plast | ₹‑ | ₹‑ | ‑% | 4–6 August | ₹‑ | NSE SME |
| Victory Electric | ₹‑ | ₹72 | ‑% | 2025 | ₹‑ | NSE SME |
| Wagons Learning | ₹‑ | ₹82 | ‑% | 2025 | ₹‑ | BSE SME |
| Hero Motors | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| Vigor Plast | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | NSE SME |
| Orient Cables | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| WeWork India | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| Priority Jewels | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| Hero Fincorp | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| Tea Post | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| BMW Ventures | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | Mainboard |
| Solar91 Cleantech | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | BSE SME |
| Rosmerta Digital | ₹‑ | ₹‑ | ‑% | 2025 | ₹‑ | BSE SME |
Note: GMP is unofficial and subject to frequent change. Use it for reference only.
What is IPO GMP
IPO GMP stands for Grey Market Premium. It refers to the price at which IPO shares are traded unofficially before they are listed on the stock exchange.
Example: If an IPO is priced at Rs 200 and trades in the grey market at Rs 300, the GMP is Rs 100.
GMP is an indication of expected listing gains but is not always accurate.
Key Terms in IPO Grey Market
1. Kostak Rate
This is the premium one can get by selling an IPO application in the grey market. It is fixed regardless of whether the person gets an allotment or not.
2. Subject to Sauda
This is an agreement where the seller will receive a fixed amount only if shares are allotted. If no allotment, the deal is void.
3. Grey Market Trading
This is the unofficial market where IPO applications and shares are traded before listing. It is based on trust and generally handled by local brokers. It is not legal or regulated.
Factors That Influence IPO GMP
| Factor | Description |
|---|---|
| Company Fundamentals | Strong earnings, growth potential, and brand reputation boost GMP |
| Market Sentiment | Bullish markets usually support higher GMP |
| Subscription Demand | Higher demand from QIB and HNI categories can increase GMP |
| Industry Trends | Sectors in favor often see stronger grey market interest |
| Peer Comparison | Positive past performance of similar IPOs can boost GMP |
Should You Invest Based on GMP
No. While GMP helps understand sentiment, it should not be the only factor in decision making.
What You Should Do
- Analyze company financials and promoter background
- Read the red herring prospectus carefully
- Track subscription numbers in all investor categories
- Use GMP only as one of several indicators
How is IPO GMP Calculated
Formula: GMP = Estimated Listing Price – Issue Price
Example:
Issue Price = Rs 250
GMP = Rs 50
Estimated Listing Price = Rs 300
Remember, the actual listing may differ due to market volatility and other factors.
Past IPO GMP and Listing Price Data
| IPO Name | IPO Price (Rs) | GMP (Rs) | Listing Price (Rs) |
|---|---|---|---|
| Waaree Energies | 1503 | 1275 | 2500 |
| DOMS IPO | 790 | 490 | 1300 |
| Emcure Pharmaceuticals | 1008 | 300 | 1325 |
| Tata Technologies | 500 | 430 | 1200 |
| Vibhor Steel Tubes | 151 | 130 | 425 |
| Concord Biotech | 741 | 110 | 900 |
How to Use IPO GMP Wisely
| Do This | Avoid This |
|---|---|
| Use GMP for sentiment analysis only | Do not make final decisions based only on GMP |
| Check subscription and QIB demand | Avoid grey market trading if not experienced |
| Read financials and DRHP | Do not follow hype blindly |
| Follow updates from verified sources | Do not trust all social media tips |
Frequently Asked Questions
Q1. What is IPO GMP
It is the unofficial premium at which IPO shares trade before listing.
Q2. Is GMP reliable
No. It is indicative but not a guaranteed predictor of listing price.
Q3. What is a good GMP
Depends on the IPO. A GMP over 20 percent usually shows strong interest.
Q4. Where can I check live GMP
Visit topindiatips.com for daily updated GMP data and IPO analysis.
Upcoming IPOs to Watch in July 2025
| Mainboard IPOs | SME IPOs |
|---|---|
| PropShare Titania | Savy Infra |
| Anthem Biosciences | Monika Alcobev |
| Smartworks Coworking | Spunweb Nonwoven |
| NSDL | Glen Industries |
Latest IPO News
- Spunweb Nonwoven IPO oversubscribed 251 times
- Anthem Biosciences sees strong QIB interest
- WeWork India receives SEBI approval
- Orient Cables to launch Rs 700 crore IPO soon
Final Words
IPO Grey Market Premium is a useful tool for gauging investor interest, but it should not be the only reason to apply for an IPO. Focus on business quality, management, valuation, and long-term potential.
Stay updated with IPO allotments, GMP, and financial news at topindiatips.com.
Disclaimer
The information provided on this website, including IPO GMP, listing estimates, and market data, is for informational purposes only. We are not SEBI-registered advisors or financial consultants. Nothing published here should be considered as investment advice or a recommendation. Readers are advised to do their own research and consult with a certified financial advisor before making any investment decisions. Grey market trading is unofficial and carries risks. We do not guarantee the accuracy or reliability of any GMP or listing predictions shown.