How to check IPO allotment status using PAN card?

To check IPO allotment status using PAN card, select the IPO from the list on AllotmentStatus.com, enter your 10-digit PAN number, and click Submit. You will instantly see your allotment status and allotted share quantity.

Where can I check Mainboard and SME IPO allotment status?

You can check both Mainboard and SME IPO allotment status on AllotmentStatus.com or directly on official registrar portals like Link Intime, KFintech, Bigshare Services, Maashitla, and Skyline Financial.

What is IPO GMP (Grey Market Premium)?

Grey Market Premium (GMP) is the premium price at which an IPO share is traded in the unofficial grey market prior to official listing on NSE and BSE exchanges. A positive GMP indicates expected listing gains.

When is IPO allotment status declared?

IPO allotment status is generally finalized by the registrar on the T+1 business day after the IPO subscription bidding period closes.

What is IPO GMP (Grey Market Premium)?

IPO Grey Market Premium (GMP) represents the premium amount at which an IPO share trades in the unofficial over-the-counter market before it gets officially listed on stock exchanges (BSE or NSE). A positive GMP indicates strong buyer demand and investor interest, while a negative GMP indicates weak demand.

How is estimated IPO listing price calculated using GMP?

Estimated Listing Price is calculated by adding the latest Grey Market Premium (GMP) to the upper price band (cut-off price) of the IPO. Formula: Estimated Listing Price = Issue Price + Live GMP.

What is Kostak Rate in an IPO?

Kostak rate is the fixed profit amount an investor receives by selling their entire IPO application to a buyer in the grey market before the allotment is declared, regardless of whether shares are allotted or not.

What does "Subject to Sauda" mean in IPO GMP trading?

Subject to Sauda is an agreement in the grey market where a deal is only valid if the seller actually receives an allotment of shares. If no shares are allotted, the transaction is cancelled and no money changes hands.

How reliable is IPO GMP for estimating listing day gains?

While GMP provides a helpful gauge of market sentiment and retail demand, it is an unofficial dealer-driven indicator and cannot guarantee official listing prices. Real listing day gains depend on overall market volatility, institutional subscription numbers, and global equity cues.

What is the difference between Mainboard and SME IPO GMP?

Mainboard IPOs trade on the primary BSE/NSE platforms with minimum investment of around ₹14,000–₹15,000 per lot. SME IPOs trade on dedicated SME platforms (NSE Emerge or BSE SME) with lot sizes starting from ₹1,00,000 to ₹1,50,000, which typically makes SME GMP rates and percentage swings much higher.

Is trading in the IPO Grey Market legal in India?

Grey market trading is an unregulated, over-the-counter cash market that operates outside SEBI (Securities and Exchange Board of India) regulation. While tracking GMP quotes as informational market sentiment is normal practice, grey market trades carry counterparty risks.

Where can I check IPO Allotment Status once bidding closes?

You can check your official IPO allotment status directly on AllotmentStatus.com using your PAN card number, Application number, or DP Client ID across all major registrars including Link Intime, KFintech, and Bigshare Services.

Real-Time Market Tracker

IPO GMP Today – Live Grey Market Premium Rates

Track today's IPO GMP (Grey Market Premium) for all open Mainboard and SME IPOs on BSE and NSE. Compare live GMP rates, issue price, estimated listing price, and expected listing gain — updated in real time.

Current IPO GMP(14 shown)

Last updated: Oct 30, 2026, 08:33 am IST

IPO Company	Price Band	Live GMP	Est. Gain	Est. Listing Price	Listing Date	Allotment
Maxwell Engineering Solutions Limited NSE - SME	₹150 - ₹158	+₹59.5	+37.7%	₹217.5	Nov 06, 2026	Check→
HGS (India) Limited NSE - SME	₹114 - ₹120	+₹16.15	+13.5%	₹136.2	Nov 06, 2026	Check→
Bombay Coated & Special Steels Limited MainBoard	₹78 - ₹82	+₹8.5	+10.4%	₹90.5	Nov 05, 2026	Check→
M.K.Sons Fine Jewels Limited MainBoard	₹153 - ₹162	+₹8	+4.9%	₹170	Nov 04, 2026	Check→
Johnsoncab Electricals Limited BSE - SME	₹190 - ₹200	+₹8.5	+4.3%	₹208.5	Nov 06, 2026	Check→
Carver Roboweld Limited BSE - SME	₹76 - ₹80	+₹2.55	+3.2%	₹82.5	Nov 04, 2026	Check→
Ajwa Projects Limited BSE - SME	₹203 - ₹203	+₹1.7	+0.8%	₹204.7	Nov 04, 2026	Check→
Antala Industries Limited BSE - SME	₹63 - ₹67	+₹3	+4.5%	₹70	Nov 05, 2026	Check→
Vectras Enprocon Limited BSE - SME	₹99 - ₹105	+₹0	0.0%	₹105	Nov 06, 2026	Check→
BLS Polymers Limited MainBoard	₹142 - ₹150	+₹58	+38.7%	₹208	Nov 03, 2026	Check→
SFC Environmental Technologies Limited MainBoard	₹313 - ₹330	+₹21	+6.4%	₹351	Nov 03, 2026	Check→
Wiscon Industries Limited BSE - SME	₹194 - ₹204	+₹0	0.0%	₹204	Nov 03, 2026	Check→
EAAA India Alternatives Limited MainBoard	₹1585-₹1665	+₹21	+1.3%	₹1686	Nov 02, 2026	Check→
Vedant Poly Fabs Limited NSE - SME	₹88 - ₹94	+₹0	0.0%	₹94	Nov 09, 2026	Check→

Investor Guide & Analysis

Comprehensive Guide to IPO Grey Market Premium (GMP)

The IPO Grey Market Premium (GMP) serves as one of the most widely watched indicators among primary market investors in India. Before an Initial Public Offering (IPO) makes its official debut on stock exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), shares and applications are informally traded over-the-counter in what is known as the “Grey Market”.

Grey Market Premium (GMP)

The premium price over the official IPO cut-off price that buyers are willing to pay per share in cash before listing.

Kostak Rate

A fixed amount earned by selling an IPO application before allotment, irrespective of whether the applicant gets shares or not.

Subject to Sauda

A deal where profit is realized only if the seller gets an allotment. If no allotment occurs, the contract stands cancelled.

Est. Listing Price

The theoretical listing price calculated by adding the live GMP to the upper issue price band (Issue Price + Current GMP).

How to Calculate IPO Listing Gain & Listing Price

Understanding the math behind GMP helps retail investors assess risk-to-reward ratios before placing bids:

Formula 1: Estimated Listing PriceEstimated Listing Price = Upper Price Band + Current GMP

Formula 2: Expected Listing Gain %Listing Gain % = (Live GMP / Upper Price Band) × 100

Practical Example: Suppose an IPO has an upper price band of ₹250 and current GMP is ₹75. The estimated listing price will be ₹250 + ₹75 = ₹325 per share, representing an expected listing gain of 30.0%.

Mainboard IPOs vs SME IPOs: How Grey Market Behaviors Differ

GMP dynamics vary considerably between Mainboard offerings and Small & Medium Enterprise (SME) issues:

Comparison Parameter	Mainboard IPO	SME IPO (NSE Emerge / BSE SME)
Minimum Investment	Approx. ₹14,000 – ₹15,000 per lot	₹1,00,000 – ₹1,50,000+ per lot
GMP Volatility	Moderate, heavily influenced by QIB & DII bids	High, sharp swings due to smaller float & high retail interest
Trading Platform	BSE & NSE Regular Equity Segment	Dedicated SME Segment (BSE SME / NSE Emerge)
Liquidity on Listing Day	Very High with tight bid-ask spreads	Lot-based trading (trading in minimum lot multiples only)

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Frequently Asked Questions (FAQs) – IPO Grey Market Premium

Clear answers to the most common questions regarding IPO GMP and unofficial market rates

Key factors include QIB and NII subscription numbers, prevailing domestic market sentiment (Nifty 50 and Sensex trend), company financials, promoter background, peer group valuations, and overall liquidity in the secondary market.

Yes, an IPO GMP can be negative (also called Grey Market Discount). A negative GMP indicates that investors expect the stock to list at a discount below its issue price, signaling subdued retail demand or aggressive company valuation.

No. Relying solely on GMP is risky because grey market quotes are unofficial and volatile. Investors should always review the Draft Red Herring Prospectus (DRHP), evaluate company fundamentals, debt levels, revenue growth, and valuation multiples before applying.

The Grey Market operates outside the regulatory purview of the Securities and Exchange Board of India (SEBI). While checking informational GMP trends is common among investors, actual grey market trading carries counterparty and default risks.

⚠️ Statutory Notice & Disclaimer:

The Grey Market Premium (GMP) rates displayed on this page are compiled solely for informational and educational purposes based on prevailing market dealer quotes. We do not participate in, encourage, or facilitate grey market trading. Real listing gains on the stock exchanges (BSE / NSE) may differ significantly from reported GMP rates. Please consult a SEBI-registered financial advisor prior to making investment decisions.

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