Primary market
IPO GMP today — grey market premium
Grey market premium is an unofficial, unregulated indicator of listing demand. We do not publish GMP quotes; instead, here is what actually drives listing gains, plus our current IPO coverage.
Last updated 26 Oct 2026, 01:06 am IST
IPOs open now
1
NSE mainboard & SME
Upcoming issues
3
Most subscribed
EDELALTS
0.00x overall
Nifty 50
22,600.00
down 0.39%
IPOs open and upcoming right now (NSE)
| Company | Status | Price band | Open – close | Issue size (shares) | Subscribed |
|---|---|---|---|---|---|
EAAA India Alternatives Limited EDELALTS · EQ | Open now | ₹1585 to ₹1665 | 26-Oct-2026 – 28-Oct-2026 | 53.00 L | 0.00x |
BLS Polymers Limited BLSPOLY · EQ | Upcoming | ₹142 to ₹150 | 27-Oct-2026 – 29-Oct-2026 | 1.70 Cr | — |
SFC Environmental Technologies Limited SFCTECH · EQ | Upcoming | ₹313 to ₹330 | 27-Oct-2026 – 29-Oct-2026 | 2.05 Cr | — |
M. K. Sons Fine Jewels Limited MKSONS · EQ | Upcoming | ₹153 to ₹162 | 28-Oct-2026 – 30-Oct-2026 | 1.70 Cr | — |
Issue details and overall subscription (times bid) from the NSE public IPO feed, refreshed through the day.
Session snapshot
- • EAAA India Alternatives Limited is open until 28-Oct-2026 at ₹1585 to ₹1665, subscribed 0.00x overall so far.
- • Market pulse reads 30/100 — risk-off.
- • NIFTY 50 is trading lower at 22,600 (-0.39%).
TrendRipperX explainer
What the grey market premium really is
The grey market premium (GMP) is the price at which IPO shares are informally traded before they list on the exchange. It is not regulated, not published by any exchange and not guaranteed by anyone. Deals are settled on trust through unofficial dealers, which is why SEBI and the exchanges do not recognise it.
Despite that, GMP is widely followed because it gives a rough sense of demand. A high GMP signals that some buyers expect a strong listing; a falling GMP during the subscription window often reflects cooling interest.
Why GMP often misleads retail investors
Grey market volumes are thin, so a handful of trades can move the number sharply. GMP can also be talked up when promoters, distributors or traders benefit from heavy subscription. Many issues listed well below their peak GMP, and some with strong GMP fell after listing.
More importantly, GMP only speaks to listing day. It says nothing about whether the business is worth owning for three or five years. Read the offer document: how the money will be used, whether existing shareholders are selling (an offer for sale) or the company is raising fresh capital, the valuation against listed peers, and the promoter's track record.
A simple checklist before you apply
Check subscription data by category — qualified institutional demand usually matters more than retail frenzy. Compare the price-to-earnings ratio with listed competitors. Look at debt and cash flows, not just profit growth. And decide in advance whether you are applying for listing gains or as a long-term investor; the two require different exits.
What to watch
- • GMP is quoted by unregulated dealers, is not verifiable, and can be moved by very small trade volumes.
- • Subscription data, anchor book quality, valuation versus peers and the market mood at listing are the verifiable indicators.
- • SEBI does not recognise the grey market — trades there are not enforceable.
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FAQs
What is IPO GMP?
Grey market premium is the unofficial price at which IPO shares or applications change hands before listing. It is an indicator of sentiment, not an official or regulated quote.
Is GMP reliable for predicting listing gains?
Only loosely. GMP is thinly traded and unregulated; subscription levels, anchor investor quality and overall market conditions on listing day matter more.
Live data from NSE/BSE, MCX, global exchange feeds and AMFI. For information only, not investment advice.