GMP to Listing Price Estimator

Grey Market Premium (GMP) is the informal, unofficial premium a share trades at before listing. This tool simply adds the current GMP to the issue price to project a rough listing price and gain per lot.

Estimated Listing Price

₹650

+30.00% over issue price — a rough directional estimate, not a guarantee.

Estimated Profit per Lot

₹4,500

GMP as % of Issue Price

+30.00%

How the GMP to Listing Price Estimator works

Estimated listing price = issue price + GMP. GMP itself is an unofficial, informal figure — it comes from grey market participants trading IPO application rights/shares before listing, is not regulated or tracked by SEBI, NSE or BSE, and can (and often does) move sharply, including to zero or negative, right up to listing day. Treat this as a rough directional estimate, not a prediction.

For a data-backed look at how often GMP actually matched the real listing price across past IPOs, see our GMP accuracy tracker rather than relying on a single rule of thumb. For the profit/loss after transaction charges once a stock actually lists, use the listing day profit/loss calculator.

Disclaimer: This calculator is for educational purposes only and does not constitute investment advice. Always read the Red Herring Prospectus and verify current rates before applying for any IPO.

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Frequently Asked Questions

How accurate is GMP at predicting the actual listing price?

GMP is directionally useful but not reliable as an exact predictor — it's an unofficial, unregulated figure that can swing significantly in the final days before listing. See our GMP accuracy tracker for how it has performed across real past IPOs.

How is estimated listing price calculated from GMP?

Estimated listing price = issue price + GMP per share. This is a simple addition, not a statistical model — actual listing price depends on final demand, market conditions on listing day, and overall sentiment.

Can GMP be negative?

Yes — a negative GMP means grey market participants expect the stock to list below its issue price. This has happened for weakly subscribed or richly valued IPOs.

Where does GMP data come from?

GMP is sourced from informal grey market participants and dealers, not any exchange or regulator. It's unofficial and not endorsed by SEBI, NSE or BSE — treat it as market sentiment, not a guaranteed number.

Does GMP account for listing-day transaction charges?

No — GMP is a pure price premium estimate. Actual take-home profit is lower after STT, brokerage and DP charges; use the listing day profit/loss calculator for the post-charges figure.