SMEGMP's GMP Tracker is one of the most visited pages on our platform. Here's how we collect, verify, and present grey market premium data for every active and upcoming IPO in India.
Our Data Collection Process
- We monitor multiple grey market sources and broker networks throughout the day
- GMP data is cross-verified across at least 3 independent sources before publishing
- Data is updated multiple times daily — especially during active subscription periods
- Historical GMP trend is tracked to show how sentiment evolved over time
What Our GMP Tracker Shows
| GMP (₹) | Absolute premium over issue price |
| GMP % | Percentage gain expected over issue price |
| Est. Listing | Issue Price + GMP = Expected listing price |
| Kostak Rate | Amount paid for the application itself (not per share) |
| Subject To | Amount paid per application in grey market |
GMP in a Weak Market (2026 Update)
In the current market environment (April 2026), overall GMP sentiment is described as weak with very low trading enthusiasm. The overall tone is cautious. This is consistent with the broader IPO market slowdown — listing gains have averaged just 2.63% in early 2026, significantly reducing grey market premium levels across most IPOs.
GMP Disclaimer
Grey market trading is unofficial and unregulated in India. SEBI does not recognise or regulate grey market transactions. GMP data published on SMEGMP is for informational purposes only and should not be used as the sole basis for investment decisions.
Best Practice: Use GMP as a sentiment indicator alongside subscription data, company fundamentals, and valuation analysis for a complete picture before applying for an IPO.