IPO GMP today
The grey market premium (GMP) is how much above the issue price shares are being traded unofficially before listing. Here is the latest reading for each live IPO, with where it came from.
| IPO | Status | Price band | GMP | Estimated listing price | Source |
|---|---|---|---|---|---|
| Sahajanand Medical Technologies Mainboard | Open now | ₹327 to ₹344 | ₹25 (+7.3%)as of 19 Oct | ₹369 | InvestorGain, NDTV Profit |
| Tonbo Imaging India Mainboard | Open now | ₹665 to ₹700 | ₹515 (+73.6%)as of 19 Oct | ₹1,215 | InvestorGain, NDTV Profit |
| Zetwerk Mainboard | Open now | ₹143 to ₹151 | ₹5 (+3.3%)as of 19 Oct | ₹156 | InvestorGain, NDTV Profit |
| Bonfiglioli Transmissions Mainboard | Open now | ₹558 to ₹586 | ₹125 to ₹130 (+21.8%)as of 19 Oct | ₹711 to ₹716 | InvestorGain, NDTV Profit |
| Shellz India SME | Open now | ₹170 to ₹179 | ₹35 (+19.6%)as of 19 Oct | ₹214 | InvestorGain |
| Jio Platforms Mainboard | Upcoming | ₹1,065 to ₹1,119 | ₹249 to ₹250 (+22.3%)as of 19 Oct | ₹1,368 to ₹1,369 | InvestorGain, Livemint |
| Paras Healthcare Mainboard | Upcoming | ₹660 to ₹693 | ₹92 (+13.3%)as of 19 Oct | ₹785 | InvestorGain |
| HD Fire Protect Mainboard | Closed, listing soon | ₹258 to ₹271 | ₹65 (+24.0%)as of 19 Oct | ₹336 | InvestorGain, Moneycontrol (quoting InvestorGain) |
| Fusion CX Mainboard | Closed, listing soon | ₹275 to ₹289 | ₹19 (+6.6%)as of 19 Oct | ₹308 | InvestorGain, ET Now |
| Ravita Engineering Services SME | Closed, listing soon | ₹105 to ₹112 | ₹4.5 (+4.0%)as of 19 Oct | ₹116.5 | InvestorGain |
Does GMP get the listing price right? See our scorecard.
How the estimated listing price is worked out
Estimated listing price = upper end of the price band + GMP. For a band of ₹95 to ₹100 and a GMP of ₹20, the estimate is ₹120, a 20% gain. It is only an estimate from unofficial trades, and it is often wrong on listing day.
Why GMP is unreliable
- The grey market is not regulated. There is no exchange, no record and no protection for either side.
- Volumes are tiny, so a few dealers can move the number.
- Different sites report different GMPs for the same IPO on the same day. We show every source we used.
- Market mood can change between the close of the issue and listing day, and GMP follows it.
Questions
Is GMP trading legal?
Grey market deals happen outside the stock exchanges and are not regulated by SEBI. Nothing protects you if the other side does not pay. Saifu only reports the numbers.
Does a high GMP mean I will get shares?
No. Allotment depends on how many times the retail portion is subscribed. A high GMP usually means heavy demand, which lowers your chance of allotment.
How often is this page updated?
Twice a day on working days, in the morning and the evening.
Last updated 19 October 2026, 18:50 IST. Prices, dates and lot sizes are from each IPO's offer document and the stock exchanges; GMP readings name their source.
Saifu is not a SEBI-registered investment adviser or a broker. This page reports facts from the offer document, the stock exchanges and news reports, and the grey market premium as other sites report it. It is not a recommendation to apply for, buy or sell any share. Read the RHP and decide for yourself.
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