Live GMP
Everything you need to know about IPOs, GMP, and how to use our platform.
An Initial Public Offering (IPO) is when a private company sells its shares to the public for the first time. This allows the company to raise capital and allows investors to own a piece of the company.
Mainboard IPOs are larger companies listing on the main NSE/BSE exchanges, with smaller investment minimums (around ₹15,000). SME IPOs are smaller companies listing on SME platforms, requiring a much higher minimum investment (around ₹1,00,000 or more) and generally carry higher risk.
GMP is the unofficial premium amount at which IPO shares are trading in the unlisted market before they officially list on the stock exchange. It indicates the market's demand for the IPO.
No, GMP is highly volatile and entirely unofficial. A high GMP today can drop to zero or negative by listing day due to market conditions. It should only be used as one of many indicators, not a guarantee of listing gains.
We update GMP multiple times a day based on market intelligence and trusted sources. However, because it is an unofficial market, there is no single "true" GMP.
You can check your allotment status on the official registrar's website (like Link Intime, KFintech, etc.) once the basis of allotment is finalized. We provide direct links to the registrar for each IPO.
If an IPO is oversubscribed, allotment for retail investors is done through a computerized lottery system. If it is highly oversubscribed, the mathematical probability of winning the lottery decreases significantly.
If you are not allotted shares, the mandate is usually revoked and funds are unblocked on the "Refunds/Unblocking" date mentioned in the IPO timeline, which is typically one day after the allotment is finalized.