IPO GMP • GMP IPO
Company Name: Accretion Nutraveda
Status: Upcoming
IPO GMP: N/A
Price: ₹129
Estimated Price: ₹129
Profit/Loss: 0%
IPO Size: ₹23.53 Cr
Lot Size: 1000 Shares
Open Date: 28-January-2026
Close Date: 30-January-2026
BoA Date: 02-February-2026
Listing Date: 04-February-2026
Type: BSE SME
Updated On: 22-Jan-2026 07:13 PM
Company Name: CKK Retail Mart
Status: Upcoming
IPO GMP: N/A
Price: ₹163
Estimated Price: ₹163
Profit/Loss: 0%
IPO Size: ₹83.56 Cr
Lot Size: 800 Shares
Open Date: 30-January-2026
Close Date: 03-February-2026
BoA Date: 04-February-2026
Listing Date: 06-February-2026
Type: NSE SME
Updated On: 23-Jan-2026 09:06 AM
Company Name: Kanishk Aluminium India
Status: Upcoming
IPO GMP: N/A
Price: ₹73
Estimated Price: ₹73
Profit/Loss: 0%
IPO Size: ₹27.74 Cr
Lot Size: 1600 Shares
Open Date: 28-January-2026
Close Date: 30-January-2026
BoA Date: 02-February-2026
Listing Date: 04-February-2026
Type: BSE SME
Updated On: 22-Jan-2026 09:51 AM
Company Name: Kasturi Metal Composite
Status: Upcoming
IPO GMP: N/A
Price: ₹64
Estimated Price: ₹64
Profit/Loss: 0%
IPO Size: ₹16.73 Cr
Lot Size: 2000 Shares
Open Date: 27-January-2026
Close Date: 29-January-2026
BoA Date: 30-January-2026
Listing Date: 03-February-2026
Type: BSE SME
Updated On: 21-Jan-2026 05:19 AM
Company Name: Msafe Equipments
Status: Upcoming
IPO GMP: ₹7
Price: ₹123
Estimated Price: ₹130
Profit/Loss: 5.69%
IPO Size: ₹62.75 Cr
Lot Size: 1000 Shares
Open Date: 28-January-2026
Close Date: 30-January-2026
BoA Date: 02-February-2026
Listing Date: 04-February-2026
Type: BSE SME
Updated On: 22-Jan-2026 02:41 PM
Company Name: NFP Sampoorna Foods
Status: Upcoming
IPO GMP: N/A
Price: ₹55
Estimated Price: ₹55
Profit/Loss: 0%
IPO Size: ₹23.30 Cr
Lot Size: 2000 Shares
Open Date: 27-January-2026
Close Date: 30-January-2026
BoA Date: 01-February-2026
Listing Date: 03-February-2026
Type: NSE SME
Updated On: 22-Jan-2026 09:54 AM
Company Name: Hannah Joseph Hospital
Status: Open
IPO GMP: N/A
Price: ₹70
Estimated Price: ₹70
Profit/Loss: 0%
IPO Size: ₹39.90 Cr
Lot Size: 2000 Shares
Open Date: 22-January-2026
Close Date: 27-January-2026
BoA Date: 28-January-2026
Listing Date: 30-January-2026
Type: BSE SME
Updated On: 22-Jan-2026 09:43 AM
Company Name: Shayona Engineering
Status: Open
IPO GMP: N/A
Price: ₹144
Estimated Price: ₹144
Profit/Loss: 0%
IPO Size: ₹14.11 Cr
Lot Size: 1000 Shares
Open Date: 22-January-2026
Close Date: 27-January-2026
BoA Date: 28-January-2026
Listing Date: 30-January-2026
Type: BSE SME
Updated On: 22-Jan-2026 12:09 AM
Company Name: KRM Ayurveda
Status: Closing Today
IPO GMP: ₹16
Price: ₹135
Estimated Price: ₹151
Profit/Loss: 11.85%
IPO Size: ₹69.74 Cr
Lot Size: 1000 Shares
Open Date: 21-January-2026
Close Date: 23-January-2026
BoA Date: 27-January-2026
Listing Date: 29-January-2026
Type: NSE SME
Updated On: 23-Jan-2026 01:31 AM
Company Name: Digilogic Systems
Status: Close
IPO GMP: N/A
Price: ₹104
Estimated Price: ₹104
Profit/Loss: 0%
IPO Size: ₹76.95 Cr
Lot Size: 1200 Shares
Open Date: 20-January-2026
Close Date: 22-January-2026
BoA Date: 23-January-2026
Listing Date: 28-January-2026
Type: BSE SME
Updated On: 22-Jan-2026 03:31 PM
Company Name: Shadowfax Technologies
Status: Close
IPO GMP: N/A
Price: ₹124
Estimated Price: ₹124
Profit/Loss: 0%
IPO Size: ₹1907.27 Cr
Lot Size: 120 Shares
Open Date: 20-January-2026
Close Date: 22-January-2026
BoA Date: 23-January-2026
Listing Date: 28-January-2026
Type: Mainboard
Updated On: 22-Jan-2026 03:31 PM
Company Name: Admach Systems
Status: Listed
IPO GMP: ₹11
Price: ₹239
Listed Price: ₹191.2
Profit/Loss: -20%
IPO Size: ₹40.47 Cr
Lot Size: 600 Shares
Open Date: 23-December-2025
Close Date: 26-December-2025
BoA Date: 29-December-2025
Listing Date: 31-December-2025
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Amagi Media Labs
Status: Listed
IPO GMP: ₹-1
Price: ₹361
Listed Price: ₹318
Profit/Loss: -11.91%
IPO Size: ₹1788.62 Cr
Lot Size: 41 Shares
Open Date: 13-January-2026
Close Date: 16-January-2026
BoA Date: 19-January-2026
Listing Date: 21-January-2026
Type: Mainboard
Updated On: 21-Jan-2026 10:07 AM
Company Name: Apollo Techno Industries
Status: Listed
IPO GMP: ₹9
Price: ₹130
Listed Price: ₹145
Profit/Loss: 11.54%
IPO Size: ₹45.55 Cr
Lot Size: 1000 Shares
Open Date: 23-December-2025
Close Date: 26-December-2025
BoA Date: 29-December-2025
Listing Date: 31-December-2025
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Aritas Vinyl
Status: Listed
IPO GMP: N/A
Price: ₹47
Listed Price: N/A
Profit/Loss: 0%
IPO Size: ₹35.63 Cr
Lot Size: 3000 Shares
Open Date: 16-January-2026
Close Date: 20-January-2026
BoA Date: 21-January-2026
Listing Date: 23-January-2026
Type: BSE SME
Updated On: 23-Jan-2026 06:46 AM
Company Name: Armour Security
Status: Listed
IPO GMP: N/A
Price: ₹57
Listed Price: ₹45.6
Profit/Loss: -20%
IPO Size: ₹25.17 Cr
Lot Size: 2000 Shares
Open Date: 14-January-2026
Close Date: 19-January-2026
BoA Date: 20-January-2026
Listing Date: 22-January-2026
Type: NSE SME
Updated On: 22-Jan-2026 10:07 AM
Company Name: Avana Electrosystems
Status: Listed
IPO GMP: ₹10.5
Price: ₹59
Listed Price: ₹77.5
Profit/Loss: 31.36%
IPO Size: ₹33.45 Cr
Lot Size: 2000 Shares
Open Date: 12-January-2026
Close Date: 14-January-2026
BoA Date: 15-January-2026
Listing Date: 20-January-2026
Type: NSE SME
Updated On: 20-Jan-2026 10:06 AM
Company Name: Bai Kakaji Polymers
Status: Listed
IPO GMP: ₹3
Price: ₹186
Listed Price: ₹190
Profit/Loss: 2.15%
IPO Size: ₹99.90 Cr
Lot Size: 600 Shares
Open Date: 23-December-2025
Close Date: 26-December-2025
BoA Date: 29-December-2025
Listing Date: 31-December-2025
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Bharat Coking Coal
Status: Listed
IPO GMP: ₹18.5
Price: ₹23
Listed Price: ₹45
Profit/Loss: 95.65%
IPO Size: ₹1068.78 Cr
Lot Size: 600 Shares
Open Date: 09-January-2026
Close Date: 13-January-2026
BoA Date: 14-January-2026
Listing Date: 19-January-2026
Type: Mainboard
Updated On: 19-Jan-2026 10:41 AM
Company Name: Defrail Technologies
Status: Listed
IPO GMP: ₹17
Price: ₹74
Listed Price: ₹95
Profit/Loss: 28.38%
IPO Size: ₹13.07 Cr
Lot Size: 1600 Shares
Open Date: 09-January-2026
Close Date: 13-January-2026
BoA Date: 14-January-2026
Listing Date: 19-January-2026
Type: BSE SME
Updated On: 19-Jan-2026 10:07 AM
Company Name: Dhara Rail Projects
Status: Listed
IPO GMP: ₹16.5
Price: ₹126
Listed Price: ₹150
Profit/Loss: 19.05%
IPO Size: ₹47.63 Cr
Lot Size: 1000 Shares
Open Date: 23-December-2025
Close Date: 26-December-2025
BoA Date: 29-December-2025
Listing Date: 31-December-2025
Type: NSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: E to E Transportation Infrastructure
Status: Listed
IPO GMP: ₹162
Price: ₹174
Listed Price: ₹330.6
Profit/Loss: 90%
IPO Size: ₹79.97 Cr
Lot Size: 800 Shares
Open Date: 26-December-2025
Close Date: 30-December-2025
BoA Date: 31-December-2025
Listing Date: 02-January-2026
Type: NSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Gabion Technologies
Status: Listed
IPO GMP: ₹31
Price: ₹81
Listed Price: ₹89
Profit/Loss: 9.88%
IPO Size: ₹27.70 Cr
Lot Size: 1600 Shares
Open Date: 06-January-2026
Close Date: 08-January-2026
BoA Date: 09-January-2026
Listing Date: 13-January-2026
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: GRE Renew Enertech
Status: Listed
IPO GMP: ₹1
Price: ₹105
Listed Price: ₹96
Profit/Loss: -8.57%
IPO Size: ₹37.55 Cr
Lot Size: 1200 Shares
Open Date: 13-January-2026
Close Date: 16-January-2026
BoA Date: 19-January-2026
Listing Date: 21-January-2026
Type: BSE SME
Updated On: 21-Jan-2026 10:06 AM
Company Name: INDO SMC
Status: Listed
IPO GMP: ₹10
Price: ₹149
Listed Price: ₹149
Profit/Loss: 0%
IPO Size: ₹87.34 Cr
Lot Size: 1000 Shares
Open Date: 13-January-2026
Close Date: 16-January-2026
BoA Date: 19-January-2026
Listing Date: 21-January-2026
Type: BSE SME
Updated On: 21-Jan-2026 10:06 AM
Company Name: Modern Diagnostic
Status: Listed
IPO GMP: ₹14
Price: ₹90
Listed Price: ₹99.5
Profit/Loss: 10.56%
IPO Size: ₹35.04 Cr
Lot Size: 1600 Shares
Open Date: 31-December-2025
Close Date: 02-January-2026
BoA Date: 05-January-2026
Listing Date: 07-January-2026
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Nanta Tech
Status: Listed
IPO GMP: ₹20
Price: ₹220
Listed Price: ₹234
Profit/Loss: 6.36%
IPO Size: ₹29.91 Cr
Lot Size: 600 Shares
Open Date: 23-December-2025
Close Date: 26-December-2025
BoA Date: 29-December-2025
Listing Date: 31-December-2025
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Narmadesh Brass Industries
Status: Listed
IPO GMP: N/A
Price: ₹515
Listed Price: ₹495
Profit/Loss: -3.88%
IPO Size: ₹42.52 Cr
Lot Size: 240 Shares
Open Date: 12-January-2026
Close Date: 16-January-2026
BoA Date: 19-January-2026
Listing Date: 21-January-2026
Type: BSE SME
Updated On: 21-Jan-2026 10:07 AM
Company Name: Victory Electric Vehicles
Status: Listed
IPO GMP: N/A
Price: ₹41
Listed Price: ₹34.45
Profit/Loss: -15.98%
IPO Size: ₹32.83 Cr
Lot Size: 3000 Shares
Open Date: 07-January-2026
Close Date: 09-January-2026
BoA Date: 12-January-2026
Listing Date: 14-January-2026
Type: NSE SME
Updated On: 17-Jan-2026 12:40 PM
Company Name: Yajur Fibres
Status: Listed
IPO GMP: N/A
Price: ₹174
Listed Price: ₹139.2
Profit/Loss: -20%
IPO Size: ₹114.38 Cr
Lot Size: 800 Shares
Open Date: 07-January-2026
Close Date: 09-January-2026
BoA Date: 12-January-2026
Listing Date: 14-January-2026
Type: BSE SME
Updated On: 17-Jan-2026 12:40 PM
Grey Market IPO (IPO GMP) Mystery: What Every IPO Investor Should Really Know About GMP
Let's be honest—IPOs can feel like a roller coaster. Especially when everyones talking about this mysterious thing called “Grey Market Premium” or GMP. You've probably heard friends say “Oh the GMP is really high on this one!” and wondered what the heck they're talking about. Trust me I've been there too.
What Exactly Is This Grey Market Thing?
Think of the grey market as the unofficial hangout spot for stock traders before an IPO goes live. It's not illegal but its also not officially recognized by SEBI or the stock exchanges. Picture it like this: you and your friends agreeing to trade baseball cards before the official card shop opens. Everything runs on trust handshake deals and a lot of hope.
The grey market kicks into gear the moment a company announces it's IPO price band—usually 10-15 days before the actual subscription opens. Its where people buy and sell IPO shares (or even just applications) based on what they think the stock will be worth once it hits the real market.
Breaking Down Grey Market Premium (GMP IPO)
Heres where it gets interesting. GMP is simply the extra amount people are willing to pay above the IPO issue price in this unofficial market.
Lets say XYZ Company prices their IPO at ₹100 per share. But in the grey market people are trading it for ₹150. That ₹50 difference? Thats your GMP. Its basically the markets way of saying “We think this stock is going to list higher than the issue price.”
The math is pretty straightforward:
Expected Listing Price = IPO Issue Price + GMP
IPO GMP: The Players and The Game
The grey market isn't run by some shadowy organization (though it sounds like it right?). Its mostly operated by dealers and brokers who know each other and have built trust over years of trading. They match buyers with sellers take their cut and everyone hopes for the best.
What makes this interesting is that these arent just random people—often you'll find institutional investors HNIs (High Net Worth Individuals) and even retail investors who know the ropes.
Beyond IPO GMP: Kostak Rate and Subject to Sauda
Now heres where things get a bit more complex (but stick with me—its actually pretty clever). There are two other ways people trade in the grey market:
Kostak Rate: This is when someone buys your entire IPO application—whether you get shares or not. Say you applied for an IPO someone offers you ₹1,000 for your application. Win or lose you get that ₹1,000 but you give up any potential gains.
Subject to Sauda: This is like Kostaks cautious cousin. The buyer only pays you if you actually get the share allotment. No allotment? No deal. Its safer for the buyer which is why these rates are usually higher than Kostak rates.
The Reality Check: Can You Trust IPO GMP?
Here's the thing—and this is where I need to be completely honest with you—GMP is basically educated guesswork with a fancy name. Sure it can give you a sense of market sentiment but its not some crystal ball that predicts the future.
Ive seen IPOs with sky-high GMPs crash on listing day and others with modest GMPs surprise everyone with stellar debuts. The grey market runs on speculation and speculation can be wrong—really wrong.
The Risks Nobody Talks About GMP IPO Enough
Lets address the elephant in the room. Trading in the grey market is risky business:
No Legal Protection: If someone backs out of a deal you cant run to SEBI or the courts. Its all based on trust.
Price Manipulation: Since theres no official price discovery dealers can pretty much quote whatever they want.
Volatility: GMP can swing wildly based on rumors market sentiment or even what someone had for breakfast.
No Transparency: Unlike official stock exchanges where you can see order books and trading volumes the grey market is like playing poker with your cards face down.
How to Use IPO GMP Wisely (If At All)
Look Im not going to tell you to completely ignore GMP—it does reflect investor sentiment to some degree. But if youre going to pay attention to it heres how to be smart about it:
Use It as One Indicator Among Many: Dont let GMP be your only deciding factor. Look at the companys fundamentals the market conditions and the sector outlook.
Watch the Trend Not Just the Number: Is the GMP rising or falling? Are people getting more excited or cooling off?
Remember Its Unofficial: Treat GMP numbers like you would gossip—interesting possibly useful but not necessarily true.
The Bottom Line of IPO GMP
The grey market and GMP are fascinating parts of Indias IPO ecosystem. They give us a peek into what people think before the official show begins. But remember—this is all happening in the shadows without rules or referees.
If youre new to IPO investing my advice? Learn about GMP understand what it means but dont let it drive your investment decisions. Focus on the companys business model growth prospects and whether it fits your investment goals.
And if you do decide to dabble in grey market trading? Go in with your eyes wide open never invest more than you can afford to lose and remember that trust is the only currency that matters in this unofficial world.
The grey market will probably always be part of Indias IPO story—its too ingrained in our investing culture to disappear. Just make sure you understand the game before you decide to play.
Happy investing and remember—sometimes the best trade is the one you don't make!
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