IPO GMP means grey market premium - the unofficial premium people talk about before listing. It is not an NSE or BSE price. On IPOwiz, we show estimated listing price as issue price + GMP.

How does IPOwiz estimate listing price from GMP?

Estimated listing price = issue price + GMP when the issue price is known. Estimated profit per lot = lot size x GMP. These are guides only, not guarantees.

No. GMP is not SEBI-regulated and is not traded on NSE or BSE. Use it with subscription data and the company RHP, not as the only decision input.

How IPO GMP Is Calculated

A simple guide to IPO GMP (grey market premium): what it means, how we estimate listing price, and what GMP cannot tell you.

How IPOwiz shows GMP

•We track grey market quotes for open, upcoming, and recently closed IPOs.
•We show GMP in rupees and as a % of issue price when price is known.
•Estimated listing price = issue price + GMP (only a guide).
•Estimated profit per lot = lot size x GMP, when those numbers are available.

What GMP is not

•Not SEBI-regulated and not traded on the exchange.
•Not a promise of listing gain or loss.
•Not a replacement for reading the RHP or checking subscription demand.

How to use GMP with other data

Check GMP with live IPO subscription and company details on the IPO page. Strong demand plus a steady GMP is more useful than GMP alone. Also read our editorial policy.

See live numbers on the IPO GMP today page.