Know the premium before you apply
Real-time Grey Market Premium (GMP), live QIB/NII/Retail subscription numbers, and reliable allotment status for Mainboard & SME IPOs.
All Current & Upcoming IPOs
Live Grey Market Premium rates updated continuously with verified market brokers.
Essential IPO Tools & Services
Smart calculators and registrar allotment verification links for smart primary market investors.
IPO Lot Size & Profit Calculator
Calculate your required investment outlay, minimum lot requirement, and estimated listing profits based on live GMP across multiple lots and applicant categories.
IPO Grey Market Premium (GMP) & Stock Allotment Guide
Everything you need to know about Initial Public Offerings (IPO), live Grey Market Premium (GMP) rates today, Kostak rates, Subject to Sauda, subscription metrics across QIB, NII, Retail categories, and allotment status verification on BSE, NSE, Link Intime, and KFintech.
What is IPO GMP (Grey Market Premium)?
Grey Market Premium (GMP) is an unofficial, off-market financial premium at which public issue shares are bid and traded prior to their official listing on BSE or NSE. GMP reflects investor sentiment, secondary market dynamics, and anticipated listing price gain.
Kostak Rate vs Subject to Sauda
Kostak Rate is the fixed lump-sum profit earned by selling an IPO application before allotment, irrespective of allotment success. Subject to Sauda (SS) is an agreement where profit is transferred only if shares are formally allotted to the bidder.
IPO Subscription: QIB, NII & Retail
Tracking subscription multiples shows institutional validation. QIB (Qualified Institutional Buyers) bidding picks up on Day 3. NII/HNI (Non-Institutional) reflects leveraged bids, while RII (Retail Individual Investors) highlights public demand.
The Complete IPO Timeline & Allotment Lifecycle
Investing in initial public offerings requires understanding key regulatory milestones set under SEBI guidelines (T+3 listing timeline):
Bidding Window (T)
IPO opens for subscription (usually 3 working days). Investors place bids via ASBA net banking or UPI mandating.
Basis of Allotment (T+1)
The designated registrar finalizes the share allocation lottery basis. Successful applicants receive debit alerts.
Refunds & Demat Credit (T+2)
Bank mandate liens are unblocked for unsuccessful bids. Allotted shares are credited directly to your CDSL/NSDL demat account.
Exchange Listing (T+3)
Shares ring the opening bell on BSE & NSE with pre-market discovery session from 9:00 AM to 9:45 AM.
Mainboard IPO vs SME IPO: Key Differences
India has two major initial public offering segments: Mainboard IPOs (regulated for larger capitalization) and SME IPOs (BSE SME & NSE Emerge platforms designed for emerging enterprises):
| Feature | Mainboard IPO | SME IPO (NSE Emerge / BSE SME) |
|---|---|---|
| Minimum Investment | ~₹14,000 to ₹15,000 (1 Lot) | ₹1,00,000 to ₹1,40,000+ (Fixed Lot Size) |
| Trading Lot Post-Listing | 1 share (Liquid on BSE/NSE) | Traded only in predetermined lots (e.g. 1000, 2000 shares) |
| Underwriting Requirement | Mandatory partial / opt-in | 100% underwritten issue (Merchant Banker ensures 15%) |
| Reporting & Track Record | Strict SEBI profitability & track record | Relaxed compliance for MSMEs and fast-growth companies |
| Liquidity & Volatility | High liquidity, broad institutional participation | Higher volatility, circuit limits, lower daily volumes |
How to Check IPO Allotment Status Online
Investors can check their allocation status across four reliable official channels. You will need your PAN card number, Application Number, or DP Client ID:
1. Registrar Portals (Fastest)
Registrars like Link Intime India, KFin Technologies (KFintech), Bigshare Services, Skyline, and Cameo Corporate upload the finalized basis of allotment first. Simply pick the company name from the dropdown and submit your PAN.
2. Stock Exchanges (BSE & NSE)
Visit the official BSE India or NSE India IPO Status portal. Select issue type as 'Equity', choose the company name, enter application number and PAN, and verify the allotment confirmation.
Important Grey Market Disclaimer & Risk Advisory
Grey Market Premium (GMP) is an unregulated, unofficial OTC estimate based on dealer quotes across local financial hubs. It does not guarantee listing gains and fluctuates wildly with overall market conditions, geopolitical news, and speculative pressure. Never make an IPO investment decision solely on the basis of GMP. Always evaluate company fundamentals, DRHP financial reports, valuation multiples (P/E ratio), promoter integrity, and anchor investor participation before applying.
Frequently Asked Questions
Everything you need to know about IPO GMP, Kostak, and listing expectations.