Track Upcoming IPOs | Subscription Status | Allotment & Listing Gains
| IPO Name | Type | IPO Dates | Price (INR) | Status |
|---|---|---|---|---|
| ▶ Emiac Technologies IPO | SME | 27 – 08 Apr | 93 | 🔥 Hot |
IPO GMP (Grey Market Premium) is the price at which IPO shares are traded in the unofficial grey market before their listing on NSE or BSE. It indicates investor demand and sentiment towards an IPO.
For example, if an IPO issue price is ₹100 and the GMP is ₹20, the expected listing price is ₹120 — a 20% listing gain. A negative GMP (e.g., -₹10) suggests the IPO may list below its issue price at ₹90.
GMP changes daily based on subscription demand, market conditions, and overall investor sentiment. GmpUpdates tracks GMP for all mainboard and SME IPOs on NSE and BSE, updated twice daily.
Disclaimer: GMP is not regulated by SEBI and is purely an unofficial market indicator. It should not be the sole basis for investment decisions. Always consult a SEBI-registered financial advisor before investing.
There are three ways to apply for an IPO in India:
Apply through your stockbroker's app (Zerodha, Groww, Upstox, Angel One) using UPI ID. Approve the mandate on your UPI app (BHIM, Google Pay, PhonePe). Funds remain blocked until allotment.
Log in to your bank's net banking portal, go to the IPO section, select the IPO, enter bid quantity and price, and submit. Amount stays blocked in your account until allotment.
Visit the IPO registrar's website (KFintech, Link Intime, Bigshare) directly and apply using your PAN, Demat account number, and bank details.
| Parameter | Mainboard IPO | SME IPO |
|---|---|---|
| Listed On | NSE / BSE Main Board | NSE Emerge / BSE SME |
| Min Issue Size | ₹10 Crore+ | Below ₹10 Crore |
| Min Application | ₹14,000 – ₹15,000 | ₹1,00,000+ |
| Lot Size | Smaller (13–40 shares) | Larger (800–2000 shares) |
| Listing Time | T+3 days | T+6 days |
| Track Record | 3+ years required | Relaxed norms |
| Risk Level | Lower (established companies) | Higher (early-stage companies) |
IPO GMP (Grey Market Premium) is the price premium at which IPO shares trade in the unofficial grey market before listing. It is determined by demand and supply among grey market dealers. If demand is high, GMP rises; if sentiment is weak, GMP drops or turns negative.
Currently there are 1 open IPOs and 22 upcoming IPOs in the Indian market. You can track all of them on our IPO Calendar page with live GMP, subscription data, and allotment dates.
After the IPO closes, you can check allotment status on the IPO registrar's website (KFintech, Link Intime, or Bigshare) using your PAN number, application number, or Demat account number. Allotment is typically finalized 2-3 days after the IPO closing date.
IPO GMP provides a directional indication of market sentiment but is not always accurate. It is unregulated and can fluctuate based on speculation. While high GMP often correlates with strong listing, there have been cases where IPOs with high GMP listed at a discount. Use GMP as one of several factors in your research.
Mainboard IPOs are from larger, established companies listed on the main exchanges (NSE/BSE) with stricter SEBI regulations. SME IPOs are from smaller companies listed on NSE Emerge or BSE SME platforms with relaxed norms but higher minimum investment (₹1 lakh+). SME IPOs generally carry higher risk but can offer higher returns.
We update IPO GMP data twice daily — at 9:00 AM IST and 9:00 PM IST. Our data covers all mainboard and SME IPOs on both NSE and BSE exchanges.