Primary Markets · India

IPO Compass

Live grey-market premiums for every Indian IPO — with a reality check. The History says column shows what IPOs carrying this GMP actually did on listing, across 270 recorded outcomes.
🇮🇳 India 📅 Upcoming IPOs 🔬 GMP Engine 📜 Past listings
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17
10 mainboard · 7 SME
Top GMP
+110.0%
Tempsens Instruments
Hottest demand
184.2x
Tempsens Instruments
GMP reliability
79.6%
direction hit rate · the GMP Engine →
The Map — premium vs demand
0%32%63%95%1x46x184xgrey-market premium (implied listing gain) →subscription →Kanohar Electricals · MAIN · open — GMP implies +35.4% · no subscription data yet · click for the full pageVeegaland Developers · MAIN · open — GMP implies +17.1% · no subscription data yet · click for the full pageAsset Reconstruction · MAIN · open — GMP implies +17.3% · no subscription data yet · click for the full pageAmtech Esters · SME · open — GMP implies +14.7% · no subscription data yet · click for the full pageLCC Projects · MAIN · open — GMP implies +30.8% · no subscription data yet · click for the full pagePrasol Chemicals · MAIN · open — GMP implies +5.9% · no subscription data yet · click for the full pageGlass Wall Systems · MAIN · open — GMP implies +36.3% · no subscription data yet · click for the full pageManipal Payment · MAIN · open — GMP implies +2.4% · no subscription data yet · click for the full pageRentomojo · MAIN · open — GMP implies +35.6% · no subscription data yet · click for the full pageKaramtara Engineering · MAIN · open — GMP implies +29.5% · no subscription data yet · click for the full pageSteamhouse India · MAIN · open — GMP implies +24.7% · no subscription data yet · click for the full pageVinod Texworld · SME · open — GMP implies +21.3% · no subscription data yet · click for the full pageRaksan Transformers · SME · open — GMP implies +9.2% · no subscription data yet · click for the full pageMaharaja & Speedex · SME · open — GMP implies +16.1% · no subscription data yet · click for the full pageManika Plastech · MAIN · upcoming — GMP implies +30.2% · no subscription data yet · click for the full pageJindal Supreme · MAIN · upcoming — GMP implies +14.0% · no subscription data yet · click for the full pageSkyways Air Services · MAIN · closed — GMP implies +23.2% · subscribed 5.11x · click for the full pageAugmont Enterprises · MAIN · listed @ ₹961 — GMP implies +36.9% · subscribed 111.18x · click for the full pageTempsens Instruments · MAIN · closed — GMP implies +110.0% · subscribed 184.22x · click for the full pageDhanwel Hybrid Seeds · SME · closed — GMP implies +1.0% · subscribed 1.01x · click for the full pageMopshop Distribution · SME · closed — GMP implies +0.7% · subscribed 1.59x · click for the full pageKwick Forensic Solutions · SME · closed — GMP implies +86.7% · no subscription data yet · click for the full pageSumax Engineering · SME · closed — GMP implies +21.8% · subscribed 8.43x · click for the full pageSymbiotec Pharmalab · MAIN · closed — GMP implies +18.7% · subscribed 5.62x · click for the full pageHy-Tech Engineers · MAIN · closed — GMP implies +66.0% · subscribed 51.76x · click for the full pageRays of Belief · MAIN · closed — GMP implies +6.3% · no subscription data yet · click for the full pageLumino Industries · MAIN · closed — GMP implies +48.8% · no subscription data yet · click for the full pagePriority Jewels · MAIN · closed — GMP implies +14.0% · no subscription data yet · click for the full pageShanti Inorganics · SME · closed — GMP implies +65.1% · no subscription data yet · click for the full pagePaluck Technologies · SME · closed — GMP implies +20.8% · no subscription data yet · click for the full pageESDS Software · MAIN · closed — GMP implies +57.6% · no subscription data yet · click for the full pageAshutosh Fibre · SME · closed — GMP implies +60.9% · no subscription data yet · click for the full pagePhychem Technologies · SME · closed — GMP implies +1.9% · no subscription data yet · click for the full pageDeepa Jewellers · MAIN · closed — GMP implies +13.6% · no subscription data yet · click for the full pageFarm Peace · SME · closed — GMP implies +96.6% · no subscription data yet · click for the full pageFly-Hi Maritime · SME · closed — GMP implies +1.0% · no subscription data yet · click for the full pageQualiance International · SME · closed — GMP implies +51.2% · no subscription data yet · click for the full pagePranav Constructions · MAIN · closed — GMP implies +32.3% · no subscription data yet · click for the full pageApana Logistics · SME · closed — GMP implies +1.7% · no subscription data yet · click for the full pageTempsens InstrAugmont EnterpHy-Tech EngineSumax EngineerSymbiotec PharSkyways Air SeMopshop DistriDhanwel HybridFly-Hi MaritimApana LogisticPhychem TechnoManipal PaymenPrasol ChemicaRays of BeliefRaksan TransfoDeepa JewellerJindal SupremePriority JewelAmtech EstersMaharaja & SpeVeegaland DeveAsset ReconstrPaluck TechnolVinod TexworldSteamhouse IndKaramtara EngiManika PlastecLCC ProjectsPranav ConstruKanohar ElectrRentomojoGlass Wall SysLumino IndustrQualiance InteESDS SoftwareAshutosh FibreShanti InorganKwick ForensicFarm PeaceMainboardSME
Every IPO with a live grey-market quote. Up and right = hot; big premium on weak subscription (bottom-right) is where SME manipulation lives. Dots are clickable.
Mainboard IPOs29 tracked · 10 open now
IPOPrice ₹GMP ₹ImpliedSubscribedHistory saysDates
Kanohar Electricals632₹224+35.4%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%8-10 SeptLIVE
Veegaland Developers140₹24+17.1%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%10-15 SeptLIVE
Asset Reconstruction139₹24+17.3%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%9-11 SeptLIVE
LCC Projects146₹45+30.8%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%9-11 SeptLIVE
Prasol Chemicals676₹40+5.9%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%8-10 SeptLIVE
Glass Wall Systems182₹66+36.3%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%8-10 SeptLIVE
Manipal Payment339₹8+2.4%–+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%9-11 SeptLIVE
Rentomojo404₹144+35.6%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%9-11 SeptLIVE
Karamtara Engineering254₹75+29.5%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%9-11 SeptLIVE
Steamhouse India81₹20+24.7%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%9-11 SeptLIVE
NSE–₹222+0.0%–+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%16-18 Septupcoming
Manika Plastech43₹13+30.2%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%11-16 Septupcoming
Jindal Supreme93₹13+14.0%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%16-18 Septupcoming
Sonaselection India–no quote yetno quote yet––17-21 Septupcoming
SS Retail424no quote yetno quote yet––16-18 Septupcoming
Hero Motors84no quote yetno quote yet––16-18 Septupcoming
Skyways Air Services138₹32+23.2%5.11x+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%24-27 Augclosed
Augmont Enterprises786₹290+36.9%111.18x+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%21-25 Augustlisted @ ₹961
Tempsens Instruments300₹330+110.0%184.22x+118.2% middle half of outcomes: +98.2% to +125.9% · median +118.2%20-24 Augustclosed
Symbiotec Pharmalab988₹185+18.7%5.62x+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%24-27 Augclosed
Hy-Tech Engineers53₹35+66.0%51.76x+82.4% middle half of outcomes: +64.6% to +95.7% · median +82.4%24-27 Augclosed
Annu Projects99no quote yetno quote yet0.47x–25-28 Augclosed
Rays of Belief239₹15+6.3%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%1-3 Septclosed
Lumino Industries82₹40+48.8%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%27-31 Augclosed
Priority Jewels200₹28+14.0%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%28-1 Septclosed
Purple Style Labs575no quote yetno quote yet––31-2 Septclosed
ESDS Software429₹247+57.6%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%28-1 Septclosed
Deepa Jewellers177₹24+13.6%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%1-3 Septclosed
Pranav Constructions124₹40+32.3%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%7-9 Septclosed
SME IPOs29 tracked · 7 open now
IPOPrice ₹GMP ₹ImpliedSubscribedHistory saysDates
Amtech Esters75₹11+14.7%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%9-11 SeptLIVE
Vinod Texworld94₹20+21.3%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%9-11 SeptLIVE
Infrax Renewable104no quote yetno quote yet––9-11 SeptLIVE
Raksan Transformers273₹25+9.2%–+6.9% middle half of outcomes: +1.8% to +11.8% · median +6.9%10-15 SeptLIVE
Maharaja & Speedex186₹30+16.1%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%10-15 SeptLIVE
Om Galaxy90no quote yetno quote yet––10-15 SeptLIVE
Panchatv Bharat140no quote yetno quote yet––10-15 SeptLIVE
Century Business Media74no quote yetno quote yet––11-16 Septupcoming
Injecto Polymers100no quote yetno quote yet––11-16 Septupcoming
Axiom Gas Engineering53no quote yetno quote yet––18-22 Septupcoming
Shakti Polytarp59no quote yetno quote yet––15-17 Septupcoming
Quanto Agroworld67no quote yetno quote yet––15-17 Septupcoming
Kheria Autocomp101no quote yetno quote yet––17-21 Septupcoming
Vama Wovenfab341no quote yetno quote yet––15-17 Septupcoming
ABH Healthcare102no quote yetno quote yet0.94x–24-27 Augclosed
Dhanwel Hybrid Seeds99₹1+1.0%1.01x+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%19-21 Augustclosed
Mopshop Distribution138₹1+0.7%1.59x+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%19-21 Augustclosed
Kwick Forensic Solutions ⚠️90₹78+86.7%–+82.4% middle half of outcomes: +64.6% to +95.7% · median +82.4%27-31 Augclosed
Sumax Engineering101₹22+21.8%8.43x+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%25-28 Augclosed
Madhur Knit Crafts100no quote yetno quote yet0.70x–24-27 Augclosed
Complete Sports & Management135no quote yetno quote yet––28-1 Septclosed
Shanti Inorganics ⚠️83₹54+65.1%–+82.4% middle half of outcomes: +64.6% to +95.7% · median +82.4%31-2 Septclosed
Paluck Technologies48₹10+20.8%–+17.6% middle half of outcomes: +11.1% to +27.2% · median +17.6%28-1 Septclosed
Ashutosh Fibre ⚠️92₹56+60.9%–+82.4% middle half of outcomes: +64.6% to +95.7% · median +82.4%31-2 Septclosed
Phychem Technologies54₹1+1.9%–+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%31-2 Septclosed
Farm Peace ⚠️59₹57+96.6%–+82.4% middle half of outcomes: +64.6% to +95.7% · median +82.4%1-3 Septclosed
Fly-Hi Maritime102₹1+1.0%–+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%1-3 Septclosed
Qualiance International ⚠️127₹65+51.2%–+36.3% middle half of outcomes: +27.6% to +48.4% · median +36.3%4-8 Septclosed
Apana Logistics60₹1+1.7%–+0.0% middle half of outcomes: -4.8% to +4.0% · median +0.0%7-9 Septclosed
⚠️ flags the manipulated-GMP pattern: a big premium with thin real demand behind it.
GMP, briefly — the questions people actually ask
What is GMP in an IPO?
GMP (grey market premium) is the unofficial price at which an IPO's shares change hands before listing. An IPO priced at ₹100 with a GMP of ₹25 is expected by the grey market to list around ₹125. It is an informal street market — no exchange, no regulator.
How accurate is GMP?
Across 270 IPOs where we recorded both the GMP at listing time and the actual listing price, a positive GMP called the listing direction correctly 79.6% of the time — but the exact number is rough, and the grey market systematically promises a little more than it delivers. The full calibration table is on the GMP Engine page.
What are the Kostak rate and subject-to-sauda?
The Kostak rate is a flat price for selling your entire IPO application before allotment. Subject-to-sauda is the same deal, but it only stands if you actually receive an allotment. Both are informal handshake deals with counterparty risk and no recourse.
Why do SME IPO GMPs look too good to be true?
SME issues have tiny floats, so a handful of coordinated grey-market trades can print a spectacular premium no real buyer stands behind. The tell is a big GMP sitting on weak subscription numbers — that combination is flagged with a ⚠️ on this page.
Should I apply for an IPO based on its GMP?
GMP is one input, not a verdict. Use the direction, distrust the magnitude, check what IPOs with a similar premium actually did on listing, and weigh subscription data — especially for SME issues. Nothing on this site is investment advice.
Longer version: GMP decoded on the research desk, and the full calibration record on the GMP Engine.
Grey-market numbers are unofficial street quotes, aggregated across sources — signal, not gospel. Not investment advice.