Last updated: 5 November 2026
Important: WatchIPO GMP provides general IPO and financial-market information for educational and informational purposes only. It is not investment advice or a recommendation to apply for, buy, sell or hold any security.
IPO Grey Market Premium (GMP) is unofficial
GMP, Kostak rates and Subject to Sauda are informal indications from outside the official exchange market. They are not official NSE/BSE quotations, may be incomplete or difficult to verify, can vary among sources and can change at any time.
GMP does not reliably predict an IPO’s actual listing price. A positive GMP does not guarantee profits, a negative GMP does not guarantee losses, and neither indicates whether an applicant will receive allotment.
No personalised investment or brokerage service
WatchIPO GMP does not act as a SEBI-registered investment adviser merely by publishing this website, and does not claim to provide personalised securities advice. We do not solicit funds, accept IPO applications, manage client portfolios, guarantee allotment, or facilitate unofficial grey-market deals.
Official information takes precedence
Company offer documents, exchange announcements, official registrar updates and applicable regulatory disclosures are the appropriate primary sources. Readers should independently verify IPO dates, price bands, allotment and listing information through NSE, BSE, SEBI and the relevant issuer or registrar.
Listing-gain and profit estimates
Any estimated listing price, percentage gain, per-lot profit or calculator output is a mathematical illustration based on assumptions. Such outputs are not a guarantee, a live executable quotation, or a prediction. Actual outcomes can be affected by demand, market volatility, allotment, taxes, trading costs, liquidity and other risks.
Market and capital risk
Investing in securities, including IPOs and SME securities, involves the risk of losing some or all invested capital. SME securities may involve additional liquidity and volatility risk. Consider your financial circumstances, read the risk factors in the offer document and seek advice from a qualified professional when appropriate.
Accuracy and availability
Although we aim to provide helpful information, figures can be delayed, revised or sourced from unofficial markets. We cannot guarantee that every item remains accurate, complete or current. Do not base a financial decision solely on this site.
Advertising and commercial content
If WatchIPO GMP begins displaying advertisements, sponsorships or affiliate links, those placements should be clearly differentiated from regular articles, IPO tables, calculators and navigational links. An advertiser’s appearance on the site does not amount to a recommendation or assurance about an IPO, broker, financial product or service.
Independence
WatchIPO GMP is an independent website. It is not an official website of NSE, BSE, SEBI or any IPO registrar, and does not imply an affiliation with these bodies.
Report an error
If you believe a number, source or description is inaccurate, please report the issue through our Contact Us page and include the relevant URL and supporting source where possible.