Grey Market Premium is the price per share that private dealers will pay for an IPO allotment before the shares list. It is unofficial, unregulated and not recognised by SEBI, and it frequently differs from the actual listing price.

How do I read IPO subscription status?

Subscription status is the number of shares bid for divided by the shares reserved, published per investor category by NSE and BSE. An issue subscribed 3x has bids for three times the stock on offer. QIB, NII and retail each have their own reservation and are subscribed independently.

How do I check IPO allotment status?

Once the basis of allotment is published, check on the registrar's website or the BSE public issue portal using your PAN or application number. Allotment is normally finalised the working day after the issue closes.

Which upcoming IPOs are coming next?

Companies file a DRHP with SEBI months before an issue opens, so the SEBI filings pipeline shows upcoming IPOs well before price bands and dates reach the exchanges.

It is a thin, unregulated market that is easy to move, so it should be treated as a sentiment reading rather than a forecast. UpcomingIPO publishes a running record of how closely GMP has matched actual listing gains, including the cases it got badly wrong.

Upcoming IPOs on NSE & BSE — GMP & subscription

Every upcoming and open IPO on NSE and BSE, mainboard and SME, with live category-wise subscription pulled straight from the exchanges and grey market premium alongside it. Subscription figures are official exchange data; GMP is not — and we label which is which on every row.

GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.

Open now

Live from NSE + BSE · fetched 2 min ago

Company	Price band	Lot	Subscribed	GMP	Implied listing	Implied gain	Dates
Qualiance International LimitedSME · NSE · QUALIANCE	₹120–₹127	1000	—	+₹5020 min ago	₹177	+39.37%	04 Sept 2026 → 08 Sept 2026 Lists ~11 Sept 2026 (est.)

Upcoming

Bidding not yet started

Company	Price band	Lot	Subscribed	GMP	Implied listing	Implied gain	Dates
LCC Projects LimitedSME · BSE · LCCPROJECT	₹139–₹146	102	—	+₹1520 min ago	₹161	+10.27%	09 Sept 2026 → 11 Sept 2026 Lists ~16 Sept 2026 (est.)
Prasol Chemicals LimitedMainboard · BOTH · PRASOLCHEM	₹643–₹676	22	—	+₹14520 min ago	₹821	+21.45%	08 Sept 2026 → 10 Sept 2026 Lists ~15 Sept 2026 (est.)
Glass Wall Systems (India) LimitedMainboard · BOTH · GLASSWALL	₹172–₹182	82	—	+₹4020 min ago	₹222	+21.98%	08 Sept 2026 → 10 Sept 2026 Lists ~15 Sept 2026 (est.)
Kanohar Electricals LimitedMainboard · BOTH · KANOHAR	₹601–₹632	23	—	+₹19020 min ago	₹822	+30.06%	08 Sept 2026 → 10 Sept 2026 Lists ~15 Sept 2026 (est.)
Pranav Constructions LimitedMainboard · BOTH · PRANAV	₹118–₹124	120	—	+₹3320 min ago	₹157	+26.61%	07 Sept 2026 → 09 Sept 2026 Lists ~14 Sept 2026 (est.)

Closed — awaiting listing

Bidding done, allotment or listing pending

Company	Price band	Lot	Subscribed	GMP	Implied listing	Implied gain	Dates
Deepa Jewellers LimitedMainboard · BOTH · DEEPA	₹168–₹177	84	33.34×	+₹1820 min ago	₹195	+10.17%	01 Sept 2026 → 03 Sept 2026 Lists ~08 Sept 2026 (est.)
Rays of Belief LimitedMainboard · BOTH · MOMSBELIEF	₹227–₹239	62	77.15×	+₹1120 min ago	₹250	+4.60%	01 Sept 2026 → 03 Sept 2026 Lists ~08 Sept 2026 (est.)
PHYCHEM TECHNOLOGIES LIMITEDSME · BSE · PHYCHEM	₹51–₹54	2000	19.38×	—	—	—no GMP quoted	31 Aug 2026 → 02 Sept 2026 Lists ~07 Sept 2026 (est.)
Ashutosh Fibre LimitedSME · NSE · ASHUTOSH	₹87–₹92	1200	—	+₹3220 min ago	₹124	+34.78%	31 Aug 2026 → 02 Sept 2026 Lists ~07 Sept 2026 (est.)
Purple Style Labs LimitedMainboard · BOTH · PERNIASPOP	₹546–₹575	26	1.08×	+₹120 min ago	₹576	+0.17%	31 Aug 2026 → 02 Sept 2026 Lists ~07 Sept 2026 (est.)
Shanti Inorganics LimitedSME · NSE · SHANTIINOR	₹79–₹83	1600	0.00×	+₹3120 min ago	₹114	+37.35%	31 Aug 2026 → 02 Sept 2026 Lists ~07 Sept 2026 (est.)

Recently listed

Listed in the last 3 days — actual opening price

Company	Price band	Lot	Subscribed	GMP at close	Listed at	Listing gain	Dates
Paluck Technologies LimitedSME · BSE · PALUCKListed	₹46–₹48	3000	252.67×	+₹24at close	₹47	-2.50%	28 Aug 2026 → 01 Sept 2026 Listed 04 Sept 2026
ESDS Software Solution LimitedMainboard · BOTH · ESDSListed	₹408–₹429	34	96.10×	+₹255at close	₹757	+76.46%	28 Aug 2026 → 01 Sept 2026 Listed 04 Sept 2026
COMPLETE SPORTS AND MANAGEMENT INDIA LIMITEDSME · BSE · CSMLListed	₹128–₹135	1000	3.28×	—	₹139	+2.96%	28 Aug 2026 → 01 Sept 2026 Listed 04 Sept 2026
Priority Jewels LimitedMainboard · BOTH · PRIORITYListed	₹190–₹200	75	70.19×	+₹24at close	₹230	+15.00%	28 Aug 2026 → 01 Sept 2026 Listed 04 Sept 2026
Lumino Industries LimitedMainboard · BOTH · LUMINOListed	₹78–₹82	182	104.69×	+₹46at close	₹110	+34.15%	27 Aug 2026 → 31 Aug 2026 Listed 03 Sept 2026
Kwick Forensic Solutions LimitedSME · BSE · KWICKListed	₹85–₹90	1600	267.09×	+₹65at close	₹150	+66.67%	27 Aug 2026 → 31 Aug 2026 Listed 03 Sept 2026

Older listings move to the full listing history — 42 more issues, scored against grey market premium on the accuracy page.

Latest news

All IPO news →

NSE IPO: The Giant Awakens: All You Need to Know About the Historic ₹30,000 Crore IPOUpcomingIPO25 d ago
Shiprocket Limited IPO Subscribed 68.65x on Day 3UpcomingIPOSHIPROCKET LIMITED22 d ago
Behari Lal Engineering IPO Subscribed 81.63x on Final DayUpcomingIPOBehari Lal Engineering Limited22 d ago
Dhoot Transmission Limited IPO Closes with a Bang, Subscribed a Massive 50.03x on Day 3UpcomingIPODhoot Transmission Limited24 d ago
A Blockbuster Finish: Molbio Diagnostics IPO Closes with a Massive 43.07x Subscription on Final DayUpcomingIPOMolbio Diagnostics Limited24 d ago
Technocraft Ventures Limited IPO Sees Overwhelming Demand, Subscribed 29.95x on Final DayUpcomingIPOTechnocraft Ventures Limited25 d ago

About this IPO tracker

UpcomingIPO tracks every initial public offering on the National Stock Exchange and BSE — both mainboard issues and SME issues on NSE Emerge and BSE SME. For each one we publish the live grey market premium, category-wise subscription status straight from the exchanges, the price band and lot size, company fundamentals, and a link to check allotment once it is out.

Two different kinds of number appear on this site and we are careful never to let them look alike. Subscription, price band, lot size and registrar come directly from NSE and BSE. They are official, and every figure carries the time it was fetched. Grey market premium does not come from any exchange — it is quoted privately by dealers, is not recognised by SEBI, and we publish it with a named source for every quote plus a running record of how accurate it has been.

Common questions

What is IPO GMP?: The price per share private dealers will pay for an allotment before listing. It is unofficial and unregulated — read the full explanation.
How do I read subscription status?: Shares bid for, divided by shares reserved, published per category by the exchanges. QIB, NII and retail explained.
How do I check IPO allotment status?: On the registrar or BSE portal once the basis of allotment is out. Where to check and why you may have missed out.
Which upcoming IPOs are coming next?: The pipeline page lists SEBI DRHP and RHP filings, which appear months before an issue reaches the exchanges.
Is GMP reliable?: Sometimes, and we publish the record rather than asking you to guess — see GMP accuracy, including the issues it got wrong.

UpcomingIPO is an information service. Nothing here is investment advice or a recommendation to apply for any issue.