India's IPO pulse — live GMP, subscription & listing in one place

GMP (grey market premium) is the unofficial premium at which IPO shares are informally traded before listing. A ₹30 GMP on a ₹300 upper band suggests the market expects a listing near ₹330 — but it is only an indication.

Kostak is an informal price for selling your whole IPO application, paid whether or not you get allotment. Subject to Sauda is paid only if the application gets allotment. Both are unregulated.

Pulse Score (0–100) is IPOPulse's sentiment gauge that blends the GMP percentage with overall and QIB subscription. It summarises market mood in one number; it is not a rating or a recommendation.

We track it: the Listed page compares the last GMP before listing with the actual listing price for every IPO and shows the direction accuracy and average error.

Open our Allotment page — it links straight to the registrar (KFin, MUFG Intime, Bigshare, Skyline and others) and NSE/BSE check pages. You'll need your PAN or application number.

Yes. No sign-up, no paywall. Your watchlist is saved in your own browser.