Track live GMP for all upcoming, open, and recently closed IPOs in India — Mainboard & SME both covered. Includes Kostak rate explanation, Subject to Sauda, estimated listing prices and subscription data.
Built on 1,185 past IPOs — every listing on NSE since 2019, with the issue price, how many people applied and the real opening price on listing day, all taken straight from the exchanges. 565 of them have application figures attached, which is what the tables below are built on. Of those, 113 are IPOs where we recorded a grey-market price at the time.
| Year | IPOs | Typical listing | Listed below issue price |
|---|---|---|---|
| 2026 | 241 | +4.6% | 24% |
| 2025 | 232 | +5.3% | 23% |
| 2024 | 268 | +31.4% | 12% |
| 2023 | 184 | +15.6% | 9% |
| 2022 | 101 | +9.4% | 18% |
| 2021 | 105 | +7.7% | 21% |
| Applied for | IPOs | Typical listing | Lost money |
|---|---|---|---|
| under 3x | 157 | +0% | 66 of 157 (42%) |
| 3-15x | 94 | +3.5% | 31 of 94 (33%) |
| 15-60x | 132 | +11.1% | 20 of 132 (15%) |
| 60x+ | 182 | +38.6% | 3 of 182 (2%) |
| When | IPOs | Typical listing | Lost money |
|---|---|---|---|
| Both strong | 54 | +35% | 2 of 54 |
| Mixed | 31 | +5.6% | 8 of 31 |
| Both soft | 21 | +0% | 6 of 21 |
| Signals disagree | 6 | too few to draw from | |
Please read this bit. These are counts of what happened before, not predictions. A small number of past IPOs cannot tell you what the next one will do, which is exactly why we print the count beside every figure instead of hiding it. GMP is an unofficial grey-market rate, not regulated by SEBI, NSE or BSE. Nothing here is investment advice.
IPO GMP stands for Grey Market Premium — the price at which IPO shares are traded in the unofficial grey market before they officially list on NSE or BSE.
GMP is a sentiment indicator — not a guarantee. Always check subscription data, company financials, valuation vs peers, and anchor investor quality.