12 live SME IPOsIncl. listings from the last 7 days
Open now1
Bidding is open — these are the only ones you can still apply to.
Opening soon7
Announced with dates, not open for bidding yet.
- Upcoming
Ajwa Projects
SME · ₹203
GMP₹38+18.7%Est. listing₹2411 lot₹1,21,800Subscribed—28 Oct – 30 Oct · Lists 4 Nov10:37 pm - Upcoming
Carver Roboweld
SME · ₹80
GMPNot quoted yetEst. listing—1 lot₹1,28,000Subscribed—28 Oct – 30 Oct · Lists 4 Nov - Upcoming
Antala Industries
SME · ₹67
GMPNot quoted yetEst. listing—1 lot₹1,34,000Subscribed—29 Oct – 2 Nov · Lists 5 Nov - Upcoming
Maxwell Engineering Solutions
SME · ₹158
GMP₹25+15.8%Est. listing₹1831 lot₹1,26,400Subscribed—30 Oct – 3 Nov · Lists 6 Nov10:37 pm - Upcoming
HGS (India)
SME · ₹120
GMPNot quoted yetEst. listing—1 lot₹1,44,000Subscribed—30 Oct – 3 Nov · Lists 6 Nov - Upcoming
Johnsoncab Electricals
SME · ₹200
GMPNot quoted yetEst. listing—1 lot₹1,20,000Subscribed—30 Oct – 3 Nov · Lists 6 Nov - Upcoming
Vectras Enprocon
SME · ₹105
GMPNot quoted yetEst. listing—1 lot₹1,26,000Subscribed—30 Oct – 3 Nov · Lists 6 Nov
Closed, awaiting listing1
Bidding is over. Allotment and listing come next.
Recently listed3
Listed in the last 7 days, with the final premium against where the stock actually opened.
- Listed
Shellz India
SME · ₹179
Final GMP₹7+3.9%Listed at₹179Actual gainFlatGMP said+3.9%15 Oct – 19 Oct · Listed 23 Oct - Listed
Ravita Engineering Services
SME · ₹112
Final GMP₹1+0.9%Listed at₹112Actual gainFlatGMP said+0.9%14 Oct – 16 Oct · Listed 22 Oct - Listed
Vaibhav Vyapaar
SME · ₹54
Final GMP₹5+9.3%Listed at₹52.9Actual gain-2.0%GMP said+9.3%13 Oct – 15 Oct · Listed 21 Oct
No SME IPOs match this filter.
Listed SME IPOs: GMP vs listing price
The final grey market premium before listing, against where each stock actually opened. 185 issues, newest first.
| IPO | GMP said | Listed at |
|---|---|---|
| Shellz India 23 Oct · Issue ₹179 | ₹7 +3.9% | ₹179 flat |
| Ravita Engineering Services 22 Oct · Issue ₹112 | ₹1 +0.9% | ₹112 flat |
| Vaibhav Vyapaar 21 Oct · Issue ₹54 | ₹5 +9.3% | ₹52.9 -2.0% |
| R.K.Fashion Accessories 12 Oct · Issue ₹82 | ₹1.5 +1.8% | ₹80 -2.4% |
| Acme India Industries 9 Oct · Issue ₹196 | ₹68 +34.7% | ₹221 +12.8% |
| TNA Solutions 9 Oct · Issue ₹70 | ₹2 +2.9% | ₹56 -20.0% |
| Paramount Syntex 9 Oct · Issue ₹127 | — | ₹115 -9.4% |
| EverestIMS Technologies 8 Oct · Issue ₹85 | ₹60 +70.6% | ₹126 +48.2% |
| Sollfege Smart Electronics 8 Oct · Issue ₹55 | ₹10 +18.2% | ₹104.4 +89.8% |
| Shree TNB Polymers 8 Oct · Issue ₹53 | ₹2 +3.8% | ₹60 +13.2% |
| Dove Soft 8 Oct · Issue ₹111 | — | ₹110.3 -0.6% |
| Eventions 8 Oct · Issue ₹118 | — | ₹111 -5.9% |
| Omara Ventures India 8 Oct · Issue ₹311 | — | ₹319 +2.6% |
| SJP Ultrasonic 8 Oct · Issue ₹67 | — | ₹74.2 +10.7% |
| Vans Electroengineerings 7 Oct · Issue ₹118 | ₹70 +59.3% | ₹224.2 +90.0% |
| Black Opal Consultants 7 Oct · Issue ₹197 | ₹80 +40.6% | ₹200 +1.5% |
| Green Asia Impex 7 Oct · Issue ₹89 | — | ₹89 flat |
| Papadmalji Agro Foods 7 Oct · Issue ₹72 | — | ₹72.3 +0.4% |
| Acme Universal Safezone 9 6 Oct · Issue ₹71 | ₹11.5 +16.2% | ₹101 +42.3% |
| Shivchem Agro 6 Oct · Issue ₹62 | ₹1 +1.6% | ₹62 flat |
| Pind Hospitality 6 Oct · Issue ₹99 | ₹1 +1.0% | ₹79.2 -20.0% |
| Bench Mark Infotech Services 5 Oct · Issue ₹110 | ₹25 +22.7% | ₹110 flat |
| Sai Urja Indo 5 Oct · Issue ₹113 | ₹20 +17.7% | ₹133.8 +18.4% |
| Dudani Retail 5 Oct · Issue ₹29 | ₹0.5 +1.7% | ₹25 -13.8% |
| Himalayan Solar 5 Oct · Issue ₹103 | — | ₹85 -17.5% |
| Roopa Screen 1 Oct · Issue ₹64 | ₹42 +65.6% | ₹121.6 +90.0% |
| Peshwa Wheat 1 Oct · Issue ₹101 | — | ₹100.05 -0.9% |
| Core Integra Consulting 30 Sept · Issue ₹78 | — | ₹78.1 +0.1% |
| Liqvd Digital 30 Sept · Issue ₹54 | — | ₹53.73 -0.5% |
| Pooja Logistics 30 Sept · Issue ₹115 | — | ₹118 +2.6% |
| S.K.Offset 30 Sept · Issue ₹125 | — | ₹126 +0.8% |
| Unitec Fibres 30 Sept · Issue ₹88 | — | ₹90 +2.3% |
| Anand Seamless 29 Sept · Issue ₹72 | — | ₹72.1 +0.1% |
| Himalaya Nutravedics 29 Sept · Issue ₹106 | — | ₹118 +11.3% |
| Robokidz Eduventures 28 Sept · Issue ₹106 | ₹55 +51.9% | ₹201.4 +90.0% |
| FX Multitech 28 Sept · Issue ₹116 | ₹4 +3.4% | ₹123.05 +6.1% |
| Vivekanand Cotspin 28 Sept · Issue ₹37 | — | ₹38 +2.7% |
| Axiom Gas Engineering 25 Sept · Issue ₹54 | — | ₹54.75 +1.4% |
| SpectraA Technology Solutions 24 Sept · Issue ₹118 | ₹45 +38.1% | ₹224.2 +90.0% |
| Kheria Autocomp 24 Sept · Issue ₹101 | ₹3 +3.0% | ₹104.9 +3.9% |
| Shakti Polytarp 22 Sept · Issue ₹59 | ₹6 +10.2% | ₹58.9 -0.2% |
| Vama Wovenfab 22 Sept · Issue ₹341 | ₹3 +0.9% | ₹341 flat |
| Quanto Agroworld 22 Sept · Issue ₹67 | — | ₹66.99 -0.0% |
| Century Business Media 21 Sept · Issue ₹74 | — | ₹74 flat |
| Injecto Polymers 21 Sept · Issue ₹100 | — | ₹99 -1.0% |
| Raksan Transformers 18 Sept · Issue ₹273 | ₹50 +18.3% | ₹273 flat |
| Maharaja & Speedex India 18 Sept · Issue ₹186 | ₹28 +15.1% | ₹250 +34.4% |
| Panchatv Bharat 18 Sept · Issue ₹140 | ₹3 +2.1% | ₹128.95 -7.9% |
| Om Galaxy 18 Sept · Issue ₹90 | — | ₹90.2 +0.2% |
| Amtech Esters 17 Sept · Issue ₹75 | ₹7 +9.3% | ₹100 +33.3% |
| Vinod Texworld 17 Sept · Issue ₹94 | ₹1 +1.1% | ₹94 flat |
| Infrax Renewable 17 Sept · Issue ₹104 | — | ₹104 flat |
| Apana Logistics 15 Sept · Issue ₹60 | — | ₹60 flat |
| Qualiance International 11 Sept · Issue ₹120–127 | ₹81 +63.8% | ₹224.9 +77.1% |
| Farm Peace 8 Sept · Issue ₹59 | ₹59 +100.0% | ₹112.1 +90.0% |
| Fly-Hi Maritime 8 Sept · Issue ₹102 | ₹1 +1.0% | ₹81.6 -20.0% |
| Shanti Inorganics 7 Sept · Issue ₹79–83 | ₹55 +66.3% | ₹157.7 +90.0% |
| Ashutosh Fibre 7 Sept · Issue ₹87–92 | ₹56 +60.9% | ₹140 +52.2% |
| Phychem Technologies 7 Sept · Issue ₹51–54 | ₹1 +1.9% | ₹56 +3.7% |
| Paluck Technologies 4 Sept · Issue ₹46–48 | ₹9 +18.8% | ₹46.8 -2.5% |
| Complete Sports and Management 4 Sept · Issue ₹128–135 | — | ₹139 +3.0% |
| Kwick Forensic Solutions 3 Sept · Issue ₹90 | ₹78 +86.7% | ₹150 +66.7% |
| Sumax Engineering 2 Sept · Issue ₹95–101 | ₹22 +21.8% | ₹111 +9.9% |
| Madhur Knit 1 Sept · Issue ₹95–100 | ₹2 +2.0% | ₹100 flat |
| ABH Healthcare 1 Sept · Issue ₹96–102 | — | ₹99 -2.9% |
| Dhanwel Hybrid Seeds 26 Aug · Issue ₹95–99 | ₹1 +1.0% | ₹99 flat |
| Mopshop Distribution 26 Aug · Issue ₹138 | ₹1 +0.7% | ₹137 -0.7% |
| Fascinate Textiles 24 Aug · Issue ₹142–151 | — | ₹120.8 -20.0% |
| Technocrats Plasma Systems 21 Aug · Issue ₹125–132 | ₹70 +53.0% | ₹230 +74.2% |
| ENS Enterprises 21 Aug · Issue ₹87–92 | ₹5 +5.4% | ₹96 +4.3% |
| Skytech Infinite Platform 21 Aug · Issue ₹73–77 | ₹1 +1.3% | ₹74 -3.9% |
| Credent Connect 20 Aug · Issue ₹189 | ₹92 +48.7% | ₹359.1 +90.0% |
| Q&T Foods 19 Aug · Issue ₹115 | ₹1 +0.9% | ₹115 flat |
| Pramodini Medicare 19 Aug · Issue ₹110–118 | — | ₹120 +1.7% |
| Sham Foam 18 Aug · Issue ₹130 | ₹1.5 +1.2% | ₹104 -20.0% |
| Optimystix Entertainment 14 Aug · Issue ₹166–175 | — | ₹180 +2.9% |
| LAPL Automotive 13 Aug · Issue ₹88–94 | ₹50 +53.2% | ₹135 +43.6% |
| G.V. Electricals 12 Aug · Issue ₹123–130 | ₹25 +19.2% | ₹158 +21.5% |
| Aegeus Technologies 11 Aug · Issue ₹100–105 | ₹12 +11.4% | ₹124.5 +18.6% |
| Anawil Wire & Engineering 10 Aug · Issue ₹270 | ₹58 +21.5% | ₹329.65 +22.1% |
| Fusion Klassroom Edutech 7 Aug · Issue ₹151–159 | — | ₹170 +6.9% |
| Dhaval Packaging 6 Aug · Issue ₹92–97 | ₹12 +12.4% | ₹110 +13.4% |
| Oneindig Technologies 6 Aug · Issue ₹91–96 | ₹7 +7.3% | ₹120 +25.0% |
| H.R. Hygiene Products 5 Aug · Issue ₹83–88 | ₹1 +1.1% | ₹90 +2.3% |
| Poojaa Precision Engg. 4 Aug · Issue ₹285–301 | ₹200 +66.4% | ₹470 +56.1% |
| Advance Technoforge 3 Aug · Issue ₹95 | ₹4 +4.2% | ₹94 -1.1% |
| Propshop Events & Exhibitions 3 Aug · Issue ₹65–69 | — | ₹55.2 -20.0% |
| Silverstorm Parks & Resorts 31 Jul · Issue ₹123–133 | ₹5 +3.8% | ₹132.9 -0.1% |
| Shree Balaji Mala 29 Jul · Issue ₹66–70 | ₹56 +80.0% | ₹133 +90.0% |
| Metalic Technoforge 28 Jul · Issue ₹72–77 | ₹6 +7.8% | ₹87 +13.0% |
| Gulf Lloyds 27 Jul · Issue ₹100 | ₹1 +1.0% | ₹100 flat |
| Sotefin Bharat 23 Jul · Issue ₹178–187 | ₹2.5 +1.3% | ₹205 +9.6% |
| Millworks Technologies 21 Jul · Issue ₹315–331 | ₹395 +119.3% | ₹628.9 +90.0% |
| Devson Catalyst 16 Jul · Issue ₹112–118 | ₹49 +41.5% | ₹196.15 +66.2% |
| Happy Steels 16 Jul · Issue ₹62–66 | ₹10 +15.2% | ₹68 +3.0% |
| IC Electricals 10 Jul · Issue ₹94–99 | ₹47 +47.5% | ₹166 +67.7% |
| Kratikal Tech 7 Jul · Issue ₹128–135 | ₹78 +57.8% | ₹192 +42.2% |
| Atharva Polyplast 7 Jul · Issue ₹55–60 | ₹10 +16.7% | ₹69 +15.0% |
| Teja Engineering Industries 7 Jul · Issue ₹220 | ₹36 +16.4% | ₹418 +90.0% |
| Sampark India Logistics 7 Jul · Issue ₹80–84 | ₹2.5 +3.0% | ₹89 +6.0% |
| Seemax Resources 7 Jul · Issue ₹134–141 | — | ₹112.8 -20.0% |
| Vinit Mobile 7 Jul · Issue ₹150–158 | — | ₹155 -1.9% |
| Adon Agro Commodities 6 Jul · Issue ₹66–70 | — | ₹78.25 +11.8% |
| Crazy Snacks 3 Jul · Issue ₹39–42 | — | ₹44 +4.8% |
| Jivial Industries 1 Jul · Issue ₹196 | — | ₹156.8 -20.0% |
| Riyaasat Lifestyle 1 Jul · Issue ₹100–106 | — | ₹84.8 -20.0% |
| Shreedhar Spinners 1 Jul · Issue ₹51–53 | — | ₹54.4 +2.6% |
| Anubhav Plast 29 Jun · Issue ₹77–80 | — | ₹80 flat |
| Avience Biomedicals 25 Jun · Issue ₹196–208 | ₹145 +69.7% | ₹395.2 +90.0% |
| Clay Craft 24 Jun · Issue ₹193–203 | ₹35 +17.2% | ₹211 +3.9% |
| Diksha Polymers 24 Jun · Issue ₹112 | — | ₹114.5 +2.2% |
| Leapfrog Engineering 24 Jun · Issue ₹21–23 | — | ₹22 -4.3% |
| Liotech Industries 24 Jun · Issue ₹321 | — | ₹257 -19.9% |
| Horizon Reclaim (India) 19 Jun · Issue ₹98–103 | ₹75 +72.8% | ₹151 +46.6% |
| Susan Electricals India 18 Jun · Issue ₹120–127 | ₹43 +33.9% | ₹186 +46.5% |
| Utkal Speciality 17 Jun · Issue ₹62–66 | — | ₹66 flat |
| Genxai Analytics 12 Jun · Issue ₹110–116 | ₹1 +0.9% | ₹92.8 -20.0% |
| Vahh Chemicals 11 Jun · Issue ₹60 | ₹5.25 +8.8% | ₹70 +16.7% |
| UHM Vacation 11 Jun · Issue ₹157–166 | — | ₹132.8 -20.0% |
| Merritronix 8 Jun · Issue ₹141–149 | ₹68 +45.6% | ₹283.1 +90.0% |
| SMR Jewels 8 Jun · Issue ₹125–128 | — | ₹102.95 -19.6% |
| Aureate Tradde 5 Jun · Issue ₹70 | ₹1 +1.4% | ₹70 flat |
| Rajnandini Fashion India 3 Jun · Issue ₹63 | ₹6 +9.5% | ₹63 flat |
| Harikanta Overseas 2 Jun · Issue ₹86–91 | — | ₹79.75 -12.4% |
| Yaashvi Jewellers 2 Jun · Issue ₹83 | — | ₹83 flat |
| M R Maniveni 1 Jun · Issue ₹51–52 | — | ₹42.55 -18.2% |
| Q-Line Biotec 29 May · Issue ₹326–343 | ₹112 +32.7% | ₹452 +31.8% |
| Bio Medica Laboratories 29 May · Issue ₹132–139 | -₹9 -6.5% | ₹111.2 -20.0% |
| Autofurnish 29 May · Issue ₹41 | — | ₹43 +4.9% |
| Vegorama Punjabi Angithi 27 May · Issue ₹73–77 | ₹9 +11.7% | ₹118.1 +53.4% |
| Teamtech Formwork Solutions 26 May · Issue ₹61–63 | ₹5 +7.9% | ₹75 +19.0% |
| NFP Sampoorna Foods 25 May · Issue ₹52–55 | — | ₹54.5 -0.9% |
| Goldline Pharmaceutical 19 May · Issue ₹41–43 | ₹15 +34.9% | ₹59.75 +39.0% |
| RFBL Flexi Pack 19 May · Issue ₹47–50 | ₹1.5 +3.0% | ₹52.5 +5.0% |
| Simca Advertising 15 May · Issue ₹174–183 | ₹2 +1.1% | ₹156 -14.8% |
| Recode Studios 12 May · Issue ₹150–158 | ₹43 +27.2% | ₹213.1 +34.9% |
| Value 360 Communications 11 May · Issue ₹95–98 | — | ₹78.4 -20.0% |
| Amba Auto Sales & Services 5 May · Issue ₹130–135 | — | ₹134.5 -0.4% |
| Adisoft Technologies 30 Apr · Issue ₹163–172 | ₹21 +12.2% | ₹205 +19.2% |
| Mehul Telecom 24 Apr · Issue ₹96–98 | ₹3.75 +3.8% | ₹108 +10.2% |
| Emiac Technologies 13 Apr · Issue ₹93–98 | — | ₹107.8 +10.0% |
| Safety Controls 13 Apr · Issue ₹80 | — | ₹83 +3.8% |
| Vivid Electromech 6 Apr · Issue ₹528–555 | — | ₹565 +1.8% |
| Highness Microelectronics 2 Apr · Issue ₹114–120 | ₹27 +22.5% | ₹125 +4.2% |
| Tipco Engineering 1 Apr · Issue ₹84–89 | — | ₹89.25 +0.3% |
| Speciality Medicines 30 Mar · Issue ₹117–124 | — | ₹124 flat |
| Novus Loyalty 25 Mar · Issue ₹139–146 | — | ₹146 flat |
| Apsis Aerocom 18 Mar · Issue ₹104–110 | ₹26 +23.6% | ₹153 +39.1% |
| Srinibas Pradhan Constructions 13 Mar · Issue ₹98 | — | ₹100.05 +2.1% |
| Elfin Agro India 12 Mar · Issue ₹47 | — | ₹47.3 +0.6% |
| Acetech E-Commerce 9 Mar · Issue ₹106–112 | — | ₹112 flat |
| Striders Impex 6 Mar · Issue ₹71–72 | — | ₹70 -2.8% |
| Yaap Digital 5 Mar · Issue ₹138–145 | — | ₹127 -12.4% |
| Accord Transformer & Switchgear 2 Mar · Issue ₹43–46 | ₹4 +8.7% | ₹50 +8.7% |
| Mobilise App 2 Mar · Issue ₹75–80 | ₹4 +5.0% | ₹64.1 -19.9% |
| Kiaasa Retail 2 Mar · Issue ₹121–127 | — | ₹123 -3.1% |
| Manilam Industries 27 Feb · Issue ₹65–69 | — | ₹55.2 -20.0% |
| Yashhtej Industries (India) 25 Feb · Issue ₹110 | — | ₹88 -20.0% |
| Fractal Industries 24 Feb · Issue ₹205–216 | ₹8 +3.7% | ₹229 +6.0% |
| Marushika Technology 19 Feb · Issue ₹111–117 | ₹2 +1.7% | ₹120 +2.6% |
| Biopol Chemicals 13 Feb · Issue ₹102–108 | ₹1 +0.9% | ₹111 +2.8% |
| PAN HR Solutions 13 Feb · Issue ₹74–78 | — | ₹78.35 +0.4% |
| Brandman Retail 11 Feb · Issue ₹167–176 | ₹17 +9.7% | ₹183 +4.0% |
| Grover Jewells 11 Feb · Issue ₹83–88 | — | ₹96 +9.1% |
| CKK Retail Mart 6 Feb · Issue ₹163 | — | ₹163 flat |
| Accretion Nutraveda 4 Feb · Issue ₹122–129 | ₹68 +52.7% | ₹191 +48.1% |
| Msafe Equipments 4 Feb · Issue ₹116–123 | ₹21 +17.1% | ₹144 +17.1% |
| Kanishk Aluminium India 4 Feb · Issue ₹73 | — | ₹58.4 -20.0% |
| Kasturi Metal Composite 3 Feb · Issue ₹64 | — | ₹64 flat |
| Hannah Joseph Hospital 2 Feb · Issue ₹70 | — | ₹65 -7.1% |
| Shayona Engineering 30 Jan · Issue ₹140–144 | ₹4 +2.8% | ₹144 flat |
| KRM Ayurveda 29 Jan · Issue ₹128–135 | ₹22.5 +16.7% | ₹172.1 +27.5% |
| Digilogic Systems 28 Jan · Issue ₹98–104 | — | ₹83.2 -20.0% |
| Aritas Vinyl 23 Jan · Issue ₹40–47 | — | ₹47 flat |
| Armour Security 22 Jan · Issue ₹57 | — | ₹45.6 -20.0% |
| INDO SMC 21 Jan · Issue ₹141–149 | ₹10 +6.7% | ₹149 flat |
| GRE Renew Enertech 21 Jan · Issue ₹100–105 | ₹1 +1.0% | ₹96 -8.6% |
| Narmadesh Brass Industries 21 Jan · Issue ₹515 | — | ₹495 -3.9% |
| Avana Electrosystems 20 Jan · Issue ₹56–59 | ₹10.5 +17.8% | ₹77.5 +31.4% |
| Defrail Technologies 19 Jan · Issue ₹70–74 | ₹17 +23.0% | ₹95 +28.4% |
| Victory Electric Vehicles 14 Jan · Issue ₹41 | — | ₹34.45 -16.0% |
| Yajur Fibres 14 Jan · Issue ₹168–174 | — | ₹139.2 -20.0% |
| Gabion Technologies 13 Jan · Issue ₹76–81 | ₹31 +38.3% | ₹89 +9.9% |
| Modern Diagnostic 7 Jan · Issue ₹85–90 | ₹14 +15.6% | ₹99.5 +10.6% |
| E to E Transportation Infrastructure 2 Jan · Issue ₹164–174 | ₹162 +93.1% | ₹330.6 +90.0% |
SME IPO GMP FAQs
What is SME IPO GMP today?
2 of the 9 SME IPOs open, upcoming or awaiting listing carry a grey market premium as of Tue, 27 Oct, 2026. The highest is Ajwa Projects at ₹38, +18.7% over its issue price.
How accurate has GMP been for SME IPOs in 2026?
Across the 107 SME IPOs listed in 2026 that carried a final grey market premium, GMP pointed the right way — gain, loss or flat — 69.2% of the time, and missed the actual listing price by 13.5% on average. The average listing gain was +23.9%. Every issue is in the table on this page.
Why is SME IPO GMP less reliable than Mainboard GMP?
Because far fewer applications change hands. A Mainboard premium reflects thousands of grey market trades; an SME premium can be set by a handful of dealers, so a single large buyer can move the quoted number without any real change in demand. Treat SME GMP as a weak signal, and weight the subscription figures more heavily.
What is the minimum investment in an SME IPO?
SME lot sizes are much larger than Mainboard lots — typically ₹1,00,000 to ₹1,50,000 for a single lot, against roughly ₹15,000 for a Mainboard issue. SEBI sets this deliberately high so that retail investors who cannot absorb the risk are less exposed to it. Each IPO page here shows the exact cost of one lot.
Where do SME IPOs list?
On the BSE SME or NSE Emerge platform rather than the main board, which is why they are quoted separately. Liquidity after listing is materially lower, so exiting a position can be harder than the listing-day gain suggests.
GMP is unofficial. Grey market premium is an unregulated, over-the-counter indication with no backing from SEBI, BSE or NSE. It is not a listing-price guarantee and not investment advice. Read the RHP and consult a SEBI-registered adviser before applying.