IPO GMP Today — Open, Upcoming & Listed IPOs
This tracker follows Indian IPOs — mainboard and SME — through their full lifecycle: announced, open for subscription, closed, and listed. For each issue you can see the price band, lot size, subscription status by investor category, indicative grey market premium (GMP) and, after listing, the actual listing gain or loss.
Reading the numbers
- Price band and lot size set the minimum application amount — one lot at the upper band is the least a retail investor commits.
- Subscription status shows demand from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and retail investors. Heavy oversubscription lowers your allotment odds.
- GMP is the unofficial premium at which IPO shares change hands before listing. It is unregulated, thinly traded and can swing sharply — treat it as sentiment, not a forecast.
Why mutual fund investors watch IPOs
Large IPOs reshape index weights over time, and actively managed funds routinely receive anchor and QIB allotments — so new listings flow into portfolios you may already own via the screener or your portfolio tracker. Heavy primary-market activity also tends to coincide with buoyant sentiment, which is worth reading alongside FII/DII flows and the day's market news. If you are new to how listed markets connect to funds, start with our plain-English guides.
Frequently asked questions
What is GMP and is it reliable?
Grey market premium is the extra price buyers in an informal, unofficial market are willing to pay for IPO shares before they list. It often tracks listing-day direction loosely, but it is not regulated, can be manipulated, and regularly gets the magnitude wrong. Never treat GMP as a guarantee of listing gains.
What is the difference between mainboard and SME IPOs?
Mainboard IPOs list on the main NSE/BSE platforms and face stricter size and profitability norms. SME IPOs list on dedicated SME platforms with smaller issues, larger minimum lots and typically far higher volatility and lower liquidity.
Do mutual funds invest in IPOs?
Yes — funds participate as anchor investors and in the QIB quota when the manager finds the pricing attractive. Whether an IPO enters a fund's portfolio is disclosed in the next monthly portfolio statement.