IPO GMP Today – Grey Market Premium of Current & Latest IPOs
IPO Grey Market Premium (GMP) is an unofficial indicator that reflects demand for an IPO in the grey market before its listing. Many investors track the GMP of IPO today to understand prevailing market sentiment, even though such data is informal and not regulated by SEBI, NSE, or BSE. This page provides live IPO GMP information for current and upcoming issues and is updated daily, strictly for reference and informational purposes only.
Last Updated On-21.02.2026|9.00 AM (The IPO GMP data is latest and updated on all the working days)
| IPO Name(Mainboard/SME) | Subscription Period | Issue Price (Rs) | GMP | Trend | Sentiment | Listed Price |
|---|---|---|---|---|---|---|
| Omnitech Engineering SME | 25-27th Feb 2026 | 227 | 15 | ↑ | Positive Pre market buzz | Not listed |
| Yaap Digital SME | 25-27th Feb 2026 | 145 | 0 | - | Neutral Pre market buzz | Not listed |
| PNGS Reva Diamond Jewellery Mainboard | 24-26th Feb 2026 | 386 | 16 | ↓ | Positive Pre market buzz | Not listed |
| Mobilise App Lab SME | 23-25th Feb 2026 | 80 | 0 | ↓ | Neutral Pre market buzz | Not listed |
| Accord Transformer & Switchgear SME | 23-25th Feb 2026 | 46 | 12 | ↓ | Positive Pre market buzz | Not listed |
| Shree Ram Twistex Mainboard | 23-25th Feb 2026 | 104 | 5 | ↑ | Positive Pre market buzz | Not listed |
| Kiaasa Retail SME | 23-25th Feb 2026 | 127 | 0 | - | Neutral Pre market buzz | Not listed |
| Clean Max Enviro Energy Mainboard | 23-25th Feb 2026 | 1,053 | 3 | ↓ | Positive Pre market buzz | Not listed |
| Manilam Industries SME | 20-24th Feb 2026 | 69 | 0 | - | Neutral Pre market buzz | Not listed |
| Gaudium IVF Mainboard | 20-24th Feb 2026 | 79 | 8 | ↓ | Positive Pre market buzz | Not listed |
| Yashhtej Industries (India) SME | 18-20th Feb 2026 | 110 | 0 | ↓ | Neutral Pre market buzz | Not listed |
| Fractal Industries SME | 16-18th Feb 2026 | 216 | 1.5 | ↑ | Positive Pre market buzz | Not listed |
| Marushika Technology SME | 12-16th Feb 2026 | 117 | 2 | ↑ | Listed above GMP expectations | 120 |
| Aye Finance (Mainboard) | 09-11th Feb 2026 | 129 | -2 | ↓ | Listed above GMP expectations | 129 |
| Fractal Analytics (Mainboard) | 09-11th Feb 2026 | 900 | -28 | ↓ | Listed above GMP expectations | 876 |
| PAN HR Solution SME | 06-10th Feb 2026 | 78 | 0 | - | Listed above GMP expectations | 78.35 |
| Brandman Retail SME | 04-06th Feb 2026 | 176 | 17 | ↑ | Listed below GMP expectations | 183 |
| Grover Jewells SME | 04-06th Feb 2026 | 88 | 0 | ↓ | Listed above GMP expectations | 96 |
| Biopol Chemicals SME | 06-10th Feb 2026 | 108 | 1 | ↑ | Listed above GMP expectations | 111 |
| Hannah Joseph Hospital SME | 22-28th Jan 2026 | 70 | 2 | - | Listed below expectations | 65 |
| Kasturi Metal Composite SME | 27-29th Jan 2026 | 64 | 2 | - | Listed below GMP expectations | 64 |
| Accretion Nutraveda SME | 28-30th Jan 2026 | 129 | 68 | ↑ | Listed close to GMP expectations. | 191 |
| Kanishk Aluminium India SME | 28-30th Jan 2026 | 73 | 0 | - | Listed below GMP expectations | 58.4 |
| Msafe Equipments SME | 28-30th Jan 2026 | 123 | 21 | ↓ | Listed in line with or close to GMP expectations | 144 |
| C K K Retail Mart SME | 30-3rd Feb 2026 | 163 | 0 | - | Listed in line with GMP expectation. | 163 |
“GMP (Grey Market Premium) is an unofficial and unregulated indicator. Don't consider it as any investment advice."
IPO GMP Today – FEB 2026 Commentary
1. Hannah Joseph Hospital Limited (HJHL) GMP Vs Listing
Hannah Joseph Hospital Limited (HJHL) had a GMP of ₹0 and now it has gone up to 2, indicating positive sentiment in the grey market. Let us see how this unfolds over time.
Hannah Joseph Hospital Limited (HJHL) finally got listed at ₹65, or ₹5 below the issue price of ₹70, which is a 7.14% discount to the issue price. The GMP was ₹2, or 2.86% above the issue price. The issue listed below GMP expectations.
2. Accretion Nutraveda Limited GMP Vs Listing
Accretion Nutraveda Limited had 0 GMP which moved to 3 Rs and then to 4 Rs and then from 4 Rs to 6 Rs and then to 10 and then from 10 to 17 indicating positive sentiment in the grey market. (0→3→4→6→10→17→32→55→68).
Accretion Nutraveda Limited finally got listed at ₹191, or ₹62 above the issue price of ₹129, translating into a 48.06% listing premium.The GMP was ₹68, indicating an expected premium of around 52.71%. The issue listed largely in line with GMP expectations.
3. Kasturi Metal Composite Limited GMP Vs Listing
Kasturi Metal Composite Limited had no reported GMP but now the GMP has moved to 2 indicating postive sentiment in the grey market. Kasturi Metal Composite Limited upper band issue price was ₹64, and the stock finally got listed at ₹64, resulting in no listing gain over the issue price (a 0% premium). It got listed below GMP expectations.
4. NFP Sampoorna Foods Limited GMP Vs Listing
NFP Sampoorna Foods Limited has no reported GMP indicating neutral sentiment in the grey market. (withdrawn).
5. Msafe Equipments Limited GMP Vs Listing
Msafe Equipments Limited GMP was ₹7 and gone up to 11 and again moved up to 14 and then from 14 to 20 Rs and then moved from 20 to 23 and then from 23 to 25 and then 25 to 26 and then from 26 to 17 and then 17 to 15 and then from 15 to 20 on an issue price of ₹123. Let us see how the numbers unfold over time. (7→11→14→20→23→25→26→17→15→20→22→21).
Msafe Equipments Limited finally got listed at ₹144, or ₹21 above the issue price of ₹123, translating into a 17.07% premium to the issue price.The GMP was ₹21, indicating an expected premium of around 17.07%.The issue listed in line with GMP expectations.
6. C K K Retail Mart Limited GMP Vs Listing
C K K Retail Mart Limited has no reported GMP indicating neutral sentiment in the grey market.
C K K Retail Mart Limited finally got listed at ₹163, in line with the issue price of ₹163, implying a 0% listing premium.
The GMP was ₹0, or 0% above the issue price, and the issue listed in line with GMP expectations.
7. Kanishk Aluminium India Limited GMP Vs Listing
Kanishk Aluminium India Limited had GMP of 3 indicating positive sentiment in the grey market but it had gone down to 0 showing now neutral market sentiment. Kanishk Aluminium India Limited finally got listed at ₹58.40, or ₹14.60 below the issue price of ₹73, translating into a 19.99% discount to the issue price.The GMP was ₹0, indicating expectations of a flat listing.The issue listed below GMP expectations.
8. Shayona Engineering Limited (SEL) SME GMP Vs Listing
Shayona Engineering Limited (SEL) has GMP of 4 indicating the positive sentiment in the grey market. Shayona Engineering Limited finally got listed at ₹144, which is at par with the issue price of ₹144. The GMP was ₹4, or around 2.8% above the issue price, but the issue listed below GMP expectations.
9. Grover Jewells Limited GMP Vs Listing
Grover Jewells Limited had reported GMP of 2.5 Rs indicating positive sentiment in the grey market. (2.5→2.6→2→0).
Grover Jewells Limited finally got listed at ₹96, or ₹8 above the issue price of ₹88, which is a 9.09% premium to the issue price.
The GMP was ₹0, or 0% above the issue price.The issue listed above GMP expectations.
10. Brandman Retail Limited GMP Vs Listing
Brandman Retail Limited has reported GMP of 8.5. (8.5→12→24→26→25→20→15→11→17)
Brandman Retail Limited finally got listed at ₹183, or ₹7 above the issue price of ₹176, which is a 3.98% premium to the issue price. The GMP was ₹17, or 9.66% above the issue price.The issue listed below GMP expectations.
11. PAN HR Solution Limited GMP Vs Listing
PAN HR Solution Limited finally got listed at ₹78.35, or ₹0.35 above the issue price of ₹78, which is a 0.45% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed above GMP expectations.
12. Fractal Analytics Limited GMP Vs Listing
Fractal Analytics Limited finally got listed at ₹876, or ₹24 below the issue price of ₹900, which is a 2.67% discount to the issue price. The GMP was ₹-28, or -3.11% below the issue price. The issue listed above GMP expectations.
GMP movement during the period remained highly volatile, trending down from strong positive levels of ₹180–₹197 in the early phase to negative territory near listing, eventually closing at ₹-28 before debut. GMP Trend (180→182→197→105→78→57→80→61→43→40→46→28→20→10→13→21→10→8→4→7→5→(-2)→1→2→0→(-5)→(-10)→(-23)→(-13)→(-17)→(14)→(-12)→(-11)→(-28)).
13. Aye Finance Limited GMP Vs Listing
Aye Finance Limited finally got listed at ₹129, which is at par with the upper band issue price of ₹129, reflecting a 0% listing premium to the issue price. The GMP was ₹-2, or approximately 1.55% below the issue price. The issue listed above GMP expectations. GMP trend (5→4→1→0→0.35→(-3)→(-2)).
14. Biopol Chemicals Limited GMP Vs Listing
Biopol Chemicals Limited finally got listed at ₹111, or ₹3 above the issue price of ₹108, which is a 2.78% premium to the issue price. The GMP was ₹1, or 0.93% above the issue price. The issue listed above GMP expectations. GMP movement during the period remained volatile at ₹0 → ₹3 → ₹4 → ₹1, indicating mild grey market interest ahead of listing.
15. Fractal Industries Limited GMP Vs Listing
Fractal Industries Limited GMP movement (7→5→4→0)
16. PNGS Reva Diamond Jewellery Limited GMP Vs Listing
PNGS Reva Diamond Jewellery Limited GMP movement: (20→30→20→10→30→20→18→20→21→14→19.5→20.5→18→17→16)
17. Yashhtej Industries (India) Limited GMP Vs Listing
Yashhtej Industries (India) Limited GMP movement (23→15→1→0)
18. Marushika Technology Limited GMP Vs Listing
Marushika Technology Limited finally got listed at ₹120, or ₹3 above the issue price of ₹117, which is a 2.56% premium to the issue price. The GMP was ₹2, or 1.71% above the issue price. The issue listed above GMP expectations.
19. Gaudium IVF and Women Health Limited GMP Vs Listing
Gaudium IVF and Women Health Limited GMP movement (4→13→15→12→10→8.5→8)
20. Clean Max Enviro Energy Solutions Limited GMP Vs Listing
Clean Max Enviro Energy Solutions Limited GMP Movement (29→23→19→14→12→9→8→6→9→7→5→3→4.5→3)
21. Shree Ram Twistex Limited GMP Vs Listing
Shree Ram Twistex Limited GMP movement (0→4→5)
22. Mobilise App Lab Limited GMP Vs Listing
Mobilise App Lab Limited GMP movement (11→13→7→5)
23. Manilam Industries India Limited GMP Vs Listing
Manilam Industries India Limited GMP movement ()
24. Accord Transformer & Switchgear Limited GMP Vs Listing
Accord Transformer & Switchgear Limited GMP movement (8→12→10→12→10→12)
25. Kiaasa Retail Limited GMP Vs Listing
Kiaasa Retail Limited GMP movement ()
26. Yaap Digital Limited GMP Vs Listing
Yaap Digital Limited GMP movement ()
27. Omnitech Engineering Limited GMP Vs Listing
Omnitech Engineering Limited GMP movement: (13→14→15)
What is IPO Grey Market Premium (GMP)?
As described by the Oxford Dictionary, the grey market refers to the buying and selling of stocks or securities before they are officially issued or listed on the stock exchange. In the context of an IPO, a company announces an issue price, but the listing price remains unknown until the shares are officially listed.
This gap is where the grey market comes into play. Based on demand in local unofficial markets, market participants estimate the likely listing price of the stock. This estimated price can be higher, lower, or fluctuate relative to the IPO issue price depending on subscription levels, market sentiment, and overall conditions.
The difference between this estimated price and the IPO issue price is known as the IPO Grey Market Premium (GMP). Since grey market transactions are unofficial and unregulated, the GMP is not verified by SEBI, NSE, or BSE and should not be solely relied upon for investment decisions. It is best used only as a reference indicator to understand market expectations before listing.
Read our detailed beginner’s guide on IPO Grey Market Premium (GMP) to understand how it works, examples, formula, risks, and historical listing outcomes.
How Accurate is GMP?
While GMP is often discussed as a predictor of listing price, its accuracy varies widely across IPOs. In some cases, GMP closely matches the opening price, while in others it either overestimates or underestimates actual demand.
To understand how GMP accuracy should be measured, what counts as a success or failure, and how real IPOs have behaved in 2025, we have analysed multiple listings with practical examples in a dedicated article.
Read the detailed analysis here: How Accurate Is IPO Grey Market Premium in Predicting Listing Price?
Is Grey Market Premium (GMP) a Reliable Indicator?
Grey Market Premium (GMP) is often tracked by retail investors to gauge early demand for an IPO, but its accuracy as a predictor of listing performance is limited. While a high GMP may indicate strong speculative interest and potential listing gains, it is largely driven by sentiment, hype, and informal expectations, rather than verified demand or company fundamentals.
The grey market is unregulated and non-binding, meaning prices can be easily influenced or manipulated. There have been several instances where IPOs with strong GMP failed to deliver expected listing gains, while others with flat or negative GMP surprised investors with strong listings. This highlights that GMP reflects short-term speculation, not long-term value or guaranteed outcomes.
As a result, GMP should be treated as a signal, not a decision-making tool. Investors are better served by combining GMP data with subscription trends, financial analysis, and overall market conditions rather than relying on it in isolation.
Read our detailed analysis on whether investing based on IPO Grey Market Premium is a good strategy, including real Indian IPO case studies, risks, and expert verdict.
Why Grey Market IPO Premium Goes Up or Down?
Many times, we see that the Grey Market Premium (GMP), which was once at a certain level, moves to X+10 or X−10 or any other value. These movements are purely based on predictions. As already stated, GMP is not a regulated parameter and is completely outside any formal calculation.
So, if in the grey market a stock starts receiving positive sentiment, its GMP goes up, and when it receives negative sentiment, the number comes down. Also, as we have already explained in the previous section on how accurate GMP is, we have presented real IPO examples where the predicted GMP and the actual listing prices were not the same.
Therefore, when you see that an IPO’s GMP has gone up or down, you do not need to worry about it. It is ultimately the listing price that decides whether you make a gain or incur a loss relative to the issue price.
Top IPOs with Highest Grey Market Premiums in Recent Years
Over the years, several IPOs have witnessed exceptionally high Grey Market Premiums, reflecting strong pre-listing sentiment among investors. To understand how such IPOs actually performed post-listing, we have analysed the top IPOs with the highest GMP in the last five years, comparing grey market expectations with real listing outcomes.
Read the full analysis here:
Top IPOs with the Highest Grey Market Premium in the Last 5 Years. We also did a detailed analysis of mainboard IPOs and their GMP and listing performance review, the outcome of details are published on
25 Mainboard IPOs: GMP vs Actual Listing Performance – A Data Study
IPO GMP Frequently Asked Questions
1. What is IPO Grey Market Premium?
The grey market refers to an unofficial market, and the grey market premium represents the expected extra price over the issue price at which the IPO is expected to list. For example, if the issue price is 200 rupees and the grey market premium is 50 rupees, then the IPO is expected to list at around 250 rupees, or at a 25% premium to the issue price. However it is not regulated by NSE/BSE and it solely reflects investor demands.
2. How is Grey Market IPO Price calculated?
Grey Market IPO Price = Issue Price + GMP.
So, if the issue price is ₹100 and the GMP is ₹20, then the Grey Market IPO Price will be ₹120.
3. Is Grey Market of IPO legal in India?
The grey market for IPOs is not regulated, so it works as an unofficial indicator of the expected listing price. It is neither fully legal nor illegal — it simply reflects the sentiment of investors who trade unofficially before the IPO is listed.
4. How reliable is Grey Market IPO Premium?
GMP is mostly guesswork based on market sentiment. It can be right or wrong, and since it is completely unofficial and unregulated, it should not be considered a guaranteed indicator.
5. Where can I check live IPO GMP?
There is no official channel or website to check live IPO GMP, as it operates entirely outside regulated markets.
Important Resources and Links
1. You can track all the upcoming, live, listed and closed IPOs at our IPO calendar hub page which is updated regularly.
2. Check the subscription of all the IPOs at our IPO subscription status hub page which is detailed.
3. Check the allotment status of all the IPOs at IPO allotment status hub page.
4. For graphical representation of IPOs visit our IPO Infographic hub page.
5. For investors who are interested in IPO investing may be interested in mutual funds, our mutual fund learning platform is a good place to start with.
6. Even a small investments if done with discipline for the long term can yield handsome corpus, our SIP calculator can help you out in finding how a small sum can become a large corpus in long term.
7. Our Retirement Calculator helps you estimate the corpus needed to maintain your lifestyle after retirement.
8. Struggling with loans or EMIs? Our How to Get Out of Debt guide explains practical ways to become debt-free.
Copyright @ 2025 MrMoneyFrugal
The Grey Market Premium (GMP) shown on MrMoneyFrugal is an unofficial and unregulated indicator, based on informal grey market data and shared only to reflect market sentiment. This is not investment advice or a recommendation. Investors should refer to the RHP and consult a SEBI-registered advisor before investing.