Mainboard IPO GMP (2025)
Company name stays fixed while swiping data columns
Understanding IPO GMP
GMP (Grey Market Premium) is the price at which IPO shares are traded in the unofficial 'grey market' before they are listed on the stock exchange. It's an informal indicator of market demand and sentiment.
- A positive GMP (e.g., +₹50) suggests shares might list at a premium over the issue price.
- A negative GMP (Kostak) (e.g., -₹10) suggests shares might list at a discount.
- GMP is not an official price and can be very volatile. It's driven by speculation and demand/supply in the grey market.
The percentage (e.g., 9.06%) indicates the GMP as a percentage of the upper issue price, giving an idea of the potential listing gain or loss.
Why IPO GMP Matters
Investors track GMP because it offers insights into:
- Market Sentiment: High GMP often signals strong demand and positive investor sentiment towards the IPO.
- Potential Listing Price: It provides a rough, speculative estimate of the price at which the stock might list.
- Subscription Cues: A strong and rising GMP can encourage more investors to subscribe to the IPO, potentially leading to oversubscription.
While GMP is a popular indicator, it's crucial to rely on company fundamentals (RHP/prospectus), valuation, and expert analysis, not just GMP, when making investment decisions.
Notes
- GMP is unofficial: All Grey Market Premium (GMP) data is speculative, unofficial, and not endorsed by any governing body (SEBI, BSE, NSE).
- Data is indicative: GMP, Subscription, and other figures are for informational purposes only. Do not base investment decisions solely on this data.
- 'Sub' (Subscription): This shows the total subscription (e.g., 9.74x) as of the latest update or on the final day.
- 'GMP (L/H)': Indicates the low and high GMP figures observed, showing the price volatility in the grey market.
- 'BoA Dt': Basis of Allotment Date, when the allotment of shares is finalized.
- '-' indicates that the data was not applicable or unavailable.
FAQs - IPO Grey Market Premium (GMP)
GMP, or Grey Market Premium, is the price premium at which IPO shares are traded in an unofficial, over-the-counter market before they are listed on the stock exchanges. It reflects the expected demand for the IPO.
GMP can be an indicator of market sentiment, but it is not guaranteed or reliable. It is speculative and can change rapidly based on demand, supply, and overall market conditions. Always study the company's fundamentals from the RHP.
'L/H' stands for Low / High. This column shows the price range (lowest and highest premium) at which the IPO's shares have been trading in the grey market, indicating its volatility.
The checkmark icon in the 'Anchor' column typically indicates that the Anchor Investor portion of the IPO has been successfully subscribed, and the list of anchor investors is available.
All data, including IPO GMP, is sourced from various market reports and is for informational purposes only. This is not investment advice. IPO investments are subject to market risks. Please read the RHP/prospectus carefully before investing.