Frequently Asked Questions

GMP is the unofficial premium at which IPO shares trade in the grey market before listing, ahead of the price band. It is often used as an informal indicator of listing-day sentiment, though it is not tracked or regulated by any exchange.

Grey market trading happens outside recognised stock exchanges and is not regulated by SEBI. It exists in an informal, unregulated space, so any figures quoted should be treated as indicative only, not as investment advice.

GMP % is calculated as (GMP ÷ issue price) × 100. For example, a GMP of ₹120 on a ₹475 issue price works out to roughly 25%, giving a rough sense of expected listing gains.

No. GMP reflects sentiment at a point in time and can change quickly, including dropping to zero or turning negative before listing. Actual listing price depends on real demand-supply on listing day and broader market conditions.

Once the basis of allotment is finalised, you can check your status using your PAN, application number, or DP/Client ID on the registrar's website or through our IPO Allotment page once results are published.