IPO GMP today

Grey market premium, usually shortened to GMP, is the price at which shares (or the right to buy shares) of an upcoming IPO change hands in an informal market before the stock lists on an exchange. This trading happens outside the regulatory framework of SEBI and the exchanges: there is no clearing corporation, no formal contract, and no disclosure requirement, so quotes can vary between dealers and change quickly with little notice.

Because GMP reflects the sentiment of a small, informal group of traders rather than a broad, regulated market, it is not a reliable predictor of the actual listing price. IPOs have listed well above and well below their GMP-implied price on the same day the premium suggested otherwise. A rising or falling GMP mainly indicates short-term investor interest, not a guaranteed outcome.

ClearIPO records a GMP figure for a company only when our data source explicitly reports one for that specific IPO on that specific day. If no figure is reported, we show nothing rather than inventing a number or defaulting to zero, because a missing GMP is different from a GMP of ₹0. The percentage shown alongside a GMP figure is always calculated against the upper end of the official price band, so the number has a consistent point of comparison across IPOs.

For a fuller picture of how ClearIPO sources and treats every field, including GMP, see our methodology page. To see official offer dates, price bands and subscription details for these same IPOs, visit the IPO directory or the IPO calendar. New to IPO terminology? Start with Learn: IPO basics.