IPO GMP Today – Grey Market Premium of Current, Upcoming and Closed IPOs of 2026
Last Updated On-26.04.2026|7:30 PM (Latest IPO GMP (Grey Market Premium) – Live Data)
| IPO Name(Mainboard/SME) | Subscription Period | Issue Price (Rs) | GMP | Trend | Sentiment | Listed Price |
|---|---|---|---|---|---|---|
| Amba Auto Sales & Services SME | 27-29 April 2026 | ₹130 – ₹135 | 0 | - | Neutral Pre market buzz | Not listed |
| Adisoft Technologies SME | 23-27 April 2026 | ₹163 – ₹172 | 15 | ↑ | Positive Pre market buzz | Not listed |
| Leapfrog Engineering SME | 23-27 April 2026 | ₹21 – ₹23 | 0 | - | Neutral Pre market buzz | Not listed |
| Citius TransNet InvIT | 17-21 April 2026 | ₹99 – ₹100 | 5.5 | ↑ | Positive Pre market buzz | Not listed |
| Mehul Telecom SME | 17-21 April 2026 | ₹96 – ₹98 | 4 | ( 0 L | 5 H) | Listed above GMP expectations | 108 |
| PropShare Celestia SM REIT | 10-16 April 2026 | ₹10,00,000-₹10,50,000 | 0 | - | Neutral Pre market buzz | Not listed |
| Om Power Transmission Mainboard | 09-13 April 2026 | ₹166 – ₹175 | 4 | ( 0 L | 6 H) | Listed above GMP expectations | 186 |
| Safety Controls & Devices SME | 06-08 April 2026 | 80 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 83 |
| Emiac Technologies Limited SME | 27-08 April 2026 | 98 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 107.8 |
| Vivid Electromech SME | 25-30 Mar 2026 | 555 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 565 |
| Highness Microelectronics SME | 24-27 Mar 2026 | 120 | 25 | ( 0 L | 30 H) | Listed below GMP expectations | 125 |
| Amir Chand Jagdish Kumar (Exports) Limited Mainboard | 24-27 Mar 2026 | 212 | 2 | ( -4 L | 8 H) | Listed below GMP expectations | 200 |
| Powerica Limited Mainboard | 24-27 Mar 2026 | 395 | 0 | ( 0 L | 12 H) | Listed below GMP expectations | 366 |
| Sai Parenteral’s Limited Mainboard | 24-27 Mar 2026 | 392 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 400 |
| Tipco Engineering India Limited SME | 23-25 Mar 2026 | 89 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 89.25 |
| Speciality Medicines SME | 20-24 Mar 2026 | 124 | 0 | ( 0 L | 0 H) | Listed in line with GMP expectations | 124 |
| Central Mine Planning & Design Institute Limited (CMPDIL) Mainboard | 20-24 Mar 2026 | 172 | 4 | ( 0 L | 22 H) | Listed below GMP expectations | 160 |
| Novus Loyalty Limited SME | 17-20 Mar 2026 | 146 | 0 | ( 0 L | 0 H) | Listed in line with GMP expectations | 146 |
| GSP Crop Science Mainboard | 16-18 Mar 2026 | 320 | 2 | ( 0 L | 2 H) | Listed above GMP expectations | 328 |
| Apsis Aerocom Limited SME | 11-13 Mar 2026 | 110 | 25 | ( 0 L | 25 H) | Listed above GMP expectations | 153 |
| Raajmarg Infra InvIT Mainboard | 11-13 Mar 2026 | 100 | 3.5 | ( 0 L | 5 H) | Listed above GMP expectations | 107 |
| Innovision Limited Mainboard | 10-17 Mar 2026 | 548 | -85 | ( -98 L | 64 H) | Listed in line with GMP expectations | 467.7 |
| Rajputana Stainless Mainboard | 09-11 Mar 2026 | 122 | 3 | ( 0 L | 3 H) | Listed below GMP expectations | 122 |
| Srinibas Pradhan Constructions SME | 06-10 Mar 2026 | 98 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 100.05 |
| Elfin Agro India SME | 05-09 Mar 2026 | 47 | 0 | ( 0 L | 0 H) | Listed above GMP expectations | 47.3 |
| Sedemac Mechatronics Mainboard | 04-06 Mar 2026 | 1,352 | 0 | ( -30 L | 130 H) | Listed above GMP expectations | 1,535 |
| Acetech E-Commerce SME | 27 Feb-04 Mar 2026 | 112 | 0 | ( 0 L | 0 H) | Listed in line with GMP expectations | 112 |
| Striders Impex SME | 26 Feb-02 Mar 2026 | 72 | 0 | ( 0 L | 0 H) | Listed below GMP expectations | 70 |
| Omnitech Engineering SME | 25-27th Feb 2026 | 227 | -10 | ( -10 L | 16 H) | Listed above GMP expectations | 202 |
| Yaap Digital SME | 25-27th Feb 2026 | 145 | 0 | ( 0 L | 4 H) | Listed below GMP expectations | 127 |
| PNGS Reva Diamond Jewellery Mainboard | 24-26th Feb 2026 | 386 | -20 | ( -21 L | 30 H) | Listed above GMP expectations | 375 |
| Mobilise App Lab SME | 23-25th Feb 2026 | 80 | 4 | ( 4 L | 16 H) | Listed below GMP expectations | 64.1 |
| Accord Transformer & Switchgear SME | 23-25th Feb 2026 | 46 | 4 | ( 4 L | 17 H) | Listed in line with GMP expectations | 50 |
| Shree Ram Twistex Mainboard | 23-25th Feb 2026 | 104 | -28 | (-30 L | 18 H) | Listed below GMP expectations | 68 |
| Kiaasa Retail SME | 23-25th Feb 2026 | 127 | 0 | (0 L | 26 H) | Listed below GMP expectations | 123 |
| Clean Max Enviro Energy Mainboard | 23-25th Feb 2026 | 1,053 | -35 | (-35 L | 29 H) | Listed below GMP expectations | 960 |
| Manilam Industries SME | 20-24th Feb 2026 | 69 | 0 | (0 L | 0 H) | Listed below GMP expectations | 55.2 |
| Gaudium IVF Mainboard | 20-24th Feb 2026 | 79 | 0 | (-4 L | 15 H) | Listed above GMP expectations. | 83 |
| Yashhtej Industries (India) SME | 18-20th Feb 2026 | 110 | 0 | (0 L | 23 H) | Listed below GMP expectations | 88 |
| Fractal Industries SME | 16-18th Feb 2026 | 216 | 8 | (0 L | 8 H) | Listed above GMP expectations | 229 |
| 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 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.
How accurate is IPO GMP in predicting listing gains?
We analyzed 56 IPOs of 2026 .Explore Our GMP vs Listing Accuracy Study 2026.
For a broader understanding of IPO performance including valuation, listing trends, and data analysis, explore our IPO Market Analytics & Research.
IPO GMP Today – April 2026 Commentary
1. Tipco Engineering India Limited GMP Vs Listing
Tipco Engineering India Limited finally got listed at ₹89.25, or ₹0.25 above the issue price of ₹89, which is a 0.28% premium to the issue price.The GMP was ₹0, or 0% above the issue price.The issue listed above GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment.
2. Sai Parenteral’s Limited GMP Vs Listing
Sai Parenteral’s Limited finally got listed at ₹400, or ₹8 above the issue price of ₹392, which is a 2.04% premium to the issue price.The GMP was ₹0, or 0% above the issue price.The issue listed above GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment.
3. Powerica Limited GMP Vs Listing
Powerica Limited finally got listed at ₹366, or ₹29 below the issue price of ₹395, which is a 7.34% discount to the issue price.The GMP was ₹0, or 0% above the issue price.The issue listed below GMP expectations.The GMP movement showed early strength followed by gradual cooling to neutral levels:
₹0 → ₹12 → ₹8 → ₹6 → ₹4 → ₹5 → ₹3 → ₹2 → ₹1 → ₹1.5 → ₹2.5 → ₹4 → ₹5 → ₹6 → ₹5 → ₹3 → ₹4 → ₹1 → ₹3 → ₹4 → ₹6 → ₹5 → ₹8 → ₹9 → ₹4 → ₹0.
4. Amir Chand Jagdish Kumar (Exports) Limited GMP Vs Listing
Amir Chand Jagdish Kumar (Exports) Limited finally got listed at ₹200, or ₹12 below the issue price of ₹212, which is a 5.66% discount to the issue price.The GMP was ₹2, or 0.94% above the issue price.The issue listed below GMP expectations.The GMP movement showed mild volatility with a brief dip into negative territory before recovery:
₹0 → ₹8 → ₹6 → ₹7 → ₹8 → ₹5 → ₹3 → ₹4 → ₹2 → ₹3 → ₹0 → ₹-4 → ₹0 → ₹2 → ₹3 → ₹5 → ₹6 → ₹2.
5. Highness Microelectronics Limited GMP Vs Listing
Highness Microelectronics Limited finally got listed at ₹125, or ₹5 above the issue price of ₹120, which is a 4.17% premium to the issue price.The GMP was ₹25, or 20.83% above the issue price.The issue listed below GMP expectations.The GMP movement showed strong and sustained positive sentiment throughout:
₹0 → ₹3 → ₹6 → ₹7 → ₹12 → ₹13 → ₹10 → ₹18 → ₹20 → ₹18 → ₹22 → ₹26 → ₹28 → ₹30 → ₹29 → ₹25 → ₹22 → ₹25 → ₹20 → ₹22 → ₹20 → ₹22 → ₹20 → ₹22 → ₹25.
6. Vivid Electromech Limited GMP Vs Listing
Vivid Electromech Limited finally got listed at ₹565, or ₹10 above the issue price of ₹555, which is a 1.80% premium to the issue price.The GMP was ₹0, or 0% above the issue price.The issue listed above GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment.
7. Emiac Technologies Limited GMP Vs Listing
Emiac Technologies Limited finally got listed at ₹107.8, or ₹9.8 above the issue price of ₹98, which is a 10% premium to the issue price.The GMP was ₹0, or 0% above the issue price.The issue listed above GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment.
8. Safety Controls & Devices Limited GMP Vs Listing
Safety Controls & Devices Limited finally got listed at ₹83, or ₹3 above the issue price of ₹80, which is a 3.75% premium to the issue price.The GMP was ₹0, or 0% above the issue price.The issue listed above GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment.
9. PropShare Celestia SM REIT GMP Vs Listing
PropShare Celestia SM REIT GMP movement (0)
10. Om Power Transmission Limited GMP Vs Listing
Om Power Transmission Limited finally got listed at ₹186, or ₹11 above the issue price of ₹175, which is a 6.29% premium to the issue price.The GMP was ₹4, or 2.29% above the issue price.The issue listed above GMP expectations.The GMP movement showed mild fluctuations with a generally positive trend:
₹0 → ₹1 → ₹5 → ₹6 → ₹5 → ₹5.5 → ₹4 → ₹2 → ₹2.5 → ₹2 → ₹2.5 → ₹1 → ₹2 → ₹2.5 → ₹4 → ₹5 → ₹4 → ₹3 → ₹2 → ₹4.
11. Mehul Telecom Limited GMP Vs Listing
Mehul Telecom finally got listed at ₹108, or ₹10 above the issue price of ₹98, which is a 10.20% premium to the issue price.
The GMP was ₹4, or 4.08% above the issue price.The issue listed above GMP expectations.
The GMP movement showed steady positive sentiment with minor fluctuations:
₹0 → ₹2 → ₹4 → ₹5 → ₹4 → ₹5 → ₹3 → ₹4.
12. Citius TransNet Investment Trust GMP Vs Listing
Citius TransNet Investment Trust GMP movement (0→3→4→5→5.5)
13. Leapfrog Engineering Services Limited GMP Vs Listing
Leapfrog Engineering Services Limited GMP movement (0)
14. Adisoft Technologies Limited GMP Vs Listing
Adisoft Technologies Limited GMP movement (0→4→5→7→8→11→9→10→13→14→15)
IPO GMP Today – MAY 2026 Commentary
1. Amba Auto Sales and Services Limited GMP Vs Listing
Amba Auto Sales and Services Limited GMP movement (0)
IPO GMP Monthly Review and Commentary of Previous Months:
1. IPO GMP Janauary 2026, 2. GMP vs Listing Gains February 2026 3. GMP vs Listing Gains March 2026 IPOs
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.
GMP shows market sentiment, but valuation also plays a key role in listing performance. Explore our IPO Valuation vs Listing Performance Study 2026.
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.
9. New to IPOs? Explore our complete IPO Glossary to understand 100+ important terms, including GMP, issue price, and listing gain.
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.