Does GMP actually work?
Every GMP site implies the answer is yes. We measure it instead — automatically, for every IPO that lists, with no cherry-picking.
IPOs audited270and counting, auto-updated
Direction called right85.9%gain vs loss, final GMP
Average error9.8pp|predicted − actual| points
GMP over-promised57.8%of the time
Translation: GMP is a real signal, not a coin flip — but it misses direction on a meaningful share of IPOs and its size estimate is often far off, especially on SME issues. Use it as sentiment, never as a promise.
| IPO | Issue price | GMP predicted | Actually listed | Error | Direction |
|---|---|---|---|---|---|
| G.V.Electricals | ₹130 | +20.0% | +21.5% | 1.5pp | ✓ |
| Aegeus Technologies | ₹105 | +11.4% | +19.1% | 7.6pp | ✓ |
| Ardee Industries | ₹53 | +32.1% | +35.9% | 3.8pp | ✓ |
| MV Electrosystems | ₹425 | +25.6% | +22.4% | 3.3pp | ✓ |
| Juniper Green Energy | ₹225 | +9.8% | +8.9% | 0.9pp | ✓ |
| Manipal Health | ₹590 | +0.5% | +10.5% | 10.0pp | ✓ |
| Indo-MIM | ₹485 | +38.8% | +44.3% | 5.6pp | ✓ |
| Xtranet Technologies | ₹127 | +11.0% | +7.1% | 3.9pp | ✓ |
| Lohia Corp | ₹425 | +4.0% | +8.5% | 4.5pp | ✓ |
| Cube Highways Trust InvIT | ₹152 | +1.3% | +2.0% | 0.7pp | ✓ |
| Caliber Mining | ₹424 | +15.1% | +18.0% | 2.9pp | ✓ |
| Laser Power & Infra | ₹214 | +20.1% | +16.8% | 3.3pp | ✓ |
| SBI Funds Management | ₹574 | +16.7% | +6.8% | 9.9pp | ✓ |
| Alpine Texworld | ₹105 | +0.0% | +0.0% | 0.0pp | ✓ |
| Kusumgar | ₹419 | +38.4% | +35.8% | 2.6pp | ✓ |
| Knack Packaging | ₹170 | +5.3% | +10.6% | 5.3pp | ✓ |
| Aastha Spintex | ₹136 | +3.7% | -4.4% | 8.1pp | ✗ |
| CSM Technologies | ₹113 | +0.0% | +0.0% | 0.0pp | ✓ |
| Waterways Leisure Tourism | ₹808 | +0.0% | -15.7% | 15.7pp | ✗ |
| Advit Jewels | ₹138 | +36.2% | +36.9% | 0.7pp | ✓ |
| Turtlemint Fintech | ₹152 | +0.0% | -11.2% | 11.2pp | ✗ |
| Hexagon Nutrition | ₹45 | +8.9% | +7.2% | 1.7pp | ✓ |
| CMR Green Technologies | ₹192 | +34.9% | +43.4% | 8.5pp | ✓ |
| Bagmane REIT | ₹100 | +4.0% | +3.5% | 0.5pp | ✓ |
| Kissht | ₹171 | +15.8% | +11.1% | 4.7pp | ✓ |
| Citius Transnet InvIT | ₹100 | +3.5% | +4.6% | 1.1pp | ✓ |
| Propshare Celestia | ₹1.05e+06 | +0.0% | -4.8% | 4.8pp | ✗ |
| Om Power Transmission | ₹175 | +1.1% | +6.3% | 5.2pp | ✓ |
| Amir Chand | ₹212 | +2.4% | -5.7% | 8.0pp | ✗ |
| Sai Parenteral’s | ₹392 | +0.0% | +2.0% | 2.0pp | ✓ |
| Powerica | ₹395 | +2.5% | -7.3% | 9.9pp | ✗ |
| Central Mine Planning | ₹320 | +1.6% | -50.0% | 51.6pp | ✗ |
| GSP Crop Science | ₹320 | +0.6% | +3.8% | 3.2pp | ✓ |
| Raajmarg Infra InvIT | ₹100 | +3.5% | +7.0% | 3.5pp | ✓ |
| Innovision | ₹519 | +0.0% | -9.9% | 9.9pp | ✗ |
| Rajputana Stainless | ₹122 | +2.5% | +1.6% | 0.9pp | ✓ |
| SEDEMAC Mechatronics | ₹1352 | +1.3% | +13.5% | 12.2pp | ✓ |
| PNGS Reva Diamond | ₹386 | -3.9% | -2.9% | 1.0pp | ✓ |
| Shree Ram Twistex | ₹104 | -19.2% | -34.6% | 15.4pp | ✓ |
| Clean Max Enviro | ₹1053 | -3.5% | -8.8% | 5.3pp | ✓ |
| Gaudium IVF | ₹79 | -5.1% | +5.1% | 10.1pp | ✗ |
| Amagi Media Labs | ₹361 | -0.3% | -11.9% | 11.6pp | ✓ |
| Bharat Coking Coal (BCCL) | ₹23 | +76.1% | +95.7% | 19.6pp | ✓ |
| Gujarat Kidney | ₹114 | +0.9% | +5.3% | 4.4pp | ✓ |
| ICICI Prudential AMC | ₹2165 | +24.5% | +20.1% | 4.4pp | ✓ |
| Nephrocare Health | ₹460 | +8.7% | +6.5% | 2.2pp | ✓ |
| Park Medi World | ₹162 | +3.1% | -2.0% | 5.1pp | ✗ |
| Corona Remedies | ₹1062 | +32.0% | +38.4% | 6.4pp | ✓ |
| Wakefit Innovations | ₹195 | +2.0% | +0.0% | 2.0pp | ✓ |
| Meesho | ₹111 | +38.7% | +46.4% | 7.7pp | ✓ |
| Aequs | ₹124 | +22.6% | +12.9% | 9.7pp | ✓ |
| Vidya Wires | ₹52 | +7.7% | +0.0% | 7.7pp | ✓ |
| Sudeep Pharma | ₹593 | +19.4% | +23.1% | 3.7pp | ✓ |
| Excelsoft Technologies | ₹120 | +5.8% | +12.5% | 6.7pp | ✓ |
| Capillary Technologies | ₹577 | +10.4% | -0.9% | 11.3pp | ✗ |
| Fujiyama Power | ₹228 | +0.4% | -3.5% | 4.0pp | ✗ |
| Tenneco Clean Air | ₹397 | +25.7% | +27.2% | 1.5pp | ✓ |
| PhysicsWallah | ₹109 | +12.8% | +33.0% | 20.2pp | ✓ |
| Pine Labs | ₹221 | +2.3% | +9.5% | 7.2pp | ✓ |
| Groww | ₹100 | +5.0% | +12.0% | 7.0pp | ✓ |
| Lenskart Solutions | ₹402 | +3.7% | -1.7% | 5.5pp | ✗ |
| Studds Accessories | ₹585 | +8.6% | -3.4% | 12.0pp | ✗ |
| Orkla India | ₹730 | +8.9% | +2.8% | 6.2pp | ✓ |
| Midwest | ₹1065 | +10.8% | +9.4% | 1.4pp | ✓ |
| Canara HSBC Life | ₹106 | +2.8% | +0.0% | 2.8pp | ✓ |
| Rubicon Research | ₹485 | +29.9% | +27.8% | 2.1pp | ✓ |
| Canara Robeco | ₹266 | +7.5% | +5.4% | 2.2pp | ✓ |
| LG Electronics | ₹1140 | +36.8% | +50.0% | 13.2pp | ✓ |
| Tata Capital | ₹326 | +0.3% | +1.2% | 0.9pp | ✓ |
| WeWork India | ₹648 | +0.0% | +0.3% | 0.3pp | ✓ |
| Om Freight Forwarders | ₹135 | +0.0% | -39.6% | 39.6pp | ✗ |
| Advance Agrolife | ₹100 | +13.0% | +14.0% | 1.0pp | ✓ |
| Glottis | ₹129 | +0.0% | -34.9% | 34.9pp | ✗ |
| Fabtech Technologies | ₹191 | +0.0% | +0.5% | 0.5pp | ✓ |
| Pace Digitek | ₹219 | +5.9% | +16.4% | 10.5pp | ✓ |
| TruAlt Bioenergy | ₹496 | +19.4% | +10.0% | 9.4pp | ✓ |
| Jinkushal Industries | ₹121 | +17.4% | +3.3% | 14.1pp | ✓ |
| Jain Resource Recycling | ₹232 | +6.0% | +14.2% | 8.2pp | ✓ |
| Seshaasai Technologies | ₹423 | +9.7% | +2.1% | 7.6pp | ✓ |
| Anand Rathi Share | ₹414 | +7.5% | +4.3% | 3.1pp | ✓ |
| Jaro Institute | ₹890 | +5.2% | +0.0% | 5.2pp | ✓ |
| Solarworld Energy | ₹351 | +11.1% | +10.7% | 0.4pp | ✓ |
| Atlanta Electricals | ₹754 | +14.1% | +13.7% | 0.4pp | ✓ |
| GK Energy | ₹153 | +12.4% | +11.8% | 0.7pp | ✓ |
| Ivalue Infosolutions | ₹299 | +0.0% | -4.7% | 4.7pp | ✗ |
| VMS TMT | ₹99 | +13.1% | +6.1% | 7.1pp | ✓ |
| Euro Pratik Sales | ₹247 | +4.5% | +10.7% | 6.3pp | ✓ |
| Urban Company | ₹103 | +47.6% | +57.5% | 9.9pp | ✓ |
| Dev Accelerator | ₹61 | +4.9% | +0.0% | 4.9pp | ✓ |
| Shringar House | ₹165 | +16.4% | +14.6% | 1.8pp | ✓ |
| Amanta Healthcare | ₹126 | +4.8% | +7.1% | 2.4pp | ✓ |
| Anlon Healthcare | ₹91 | +1.1% | +1.1% | 0.0pp | ✓ |
| Vikran Engineering | ₹97 | +6.2% | +2.1% | 4.1pp | ✓ |
| Mangal Electrical | ₹561 | +0.0% | -0.9% | 0.9pp | ✗ |
| Gem Aromatics | ₹325 | +10.5% | +2.5% | 8.0pp | ✓ |
| Vikram Solar | ₹332 | +10.8% | +1.8% | 9.0pp | ✓ |
| Patel Retail | ₹255 | +20.8% | +17.6% | 3.1pp | ✓ |
| Shreeji Shipping Global | ₹252 | +11.1% | +7.1% | 4.0pp | ✓ |
| Regaal Resources | ₹102 | +30.4% | +38.2% | 7.8pp | ✓ |
| BlueStone Jewellery | ₹517 | +0.0% | -1.4% | 1.4pp | ✗ |
| All Time Plastics | ₹275 | +3.6% | +13.2% | 9.6pp | ✓ |
| JSW Cement | ₹147 | +4.1% | +11.6% | 7.5pp | ✓ |
| Highway Infrastructure | ₹70 | +34.3% | +64.3% | 30.0pp | ✓ |
| NSDL | ₹800 | +15.5% | +10.0% | 5.5pp | ✓ |
| Sri Lotus Developers | ₹150 | +21.3% | +18.7% | 2.7pp | ✓ |
| M&B Engineering | ₹385 | +11.7% | +0.0% | 11.7pp | ✓ |
| Aditya Infotech | ₹675 | +45.5% | +50.4% | 4.9pp | ✓ |
| Shanti Gold | ₹199 | +19.6% | +14.3% | 5.2pp | ✓ |
| Brigade Hotel Ventures | ₹90 | +0.0% | -9.9% | 9.9pp | ✗ |
| GNG Electronics | ₹237 | +40.5% | +49.8% | 9.3pp | ✓ |
| Indiqube Spaces | ₹237 | +0.8% | -8.9% | 9.7pp | ✗ |
| Anthem Biosciences | ₹570 | +30.5% | +26.9% | 3.7pp | ✓ |
| Smartworks Coworking | ₹407 | +6.4% | +6.9% | 0.5pp | ✓ |
| Travel Food Services | ₹1100 | +3.3% | +2.3% | 1.0pp | ✓ |
| Crizac | ₹245 | +16.3% | +14.7% | 1.6pp | ✓ |
| Indogulf Cropsciences | ₹111 | +12.6% | +0.0% | 12.6pp | ✓ |
| HDB Financial | ₹740 | +9.6% | +12.8% | 3.2pp | ✓ |
| Sambhv Steel Tubes | ₹82 | +17.1% | +34.1% | 17.1pp | ✓ |
| Globe Civil Projects | ₹71 | +33.8% | +26.8% | 7.0pp | ✓ |
| Ellenbarrie Industrial Gases | ₹400 | +14.2% | +21.5% | 7.2pp | ✓ |
| Oswal Pumps | ₹614 | +7.3% | +3.3% | 4.1pp | ✓ |
| Scoda Tubes | ₹140 | +14.3% | +0.0% | 14.3pp | ✓ |
| Belrise Industries | ₹90 | +26.7% | +11.1% | 15.6pp | ✓ |
| Borana Weaves | ₹216 | +19.9% | +12.5% | 7.4pp | ✓ |
| Ather Energy | ₹321 | +1.6% | +2.2% | 0.6pp | ✓ |
| Quality Power | ₹425 | +1.2% | +1.6% | 0.5pp | ✓ |
| Ajax Engineering | ₹629 | +0.8% | -8.4% | 9.2pp | ✗ |
| Denta Water | ₹294 | +25.5% | +12.2% | 13.3pp | ✓ |
| Stallion India | ₹90 | +33.3% | +33.3% | 0.0pp | ✓ |
| Laxmi Dental | ₹428 | +33.9% | +26.6% | 7.2pp | ✓ |
| Quadrant Future Tek | ₹290 | +37.9% | +27.6% | 10.3pp | ✓ |
| Standard Glass Lining | ₹140 | +35.7% | +25.7% | 10.0pp | ✓ |
| Indo Farm Equipment | ₹215 | +37.2% | +19.1% | 18.1pp | ✓ |
| Unimech Aerospace | ₹785 | +79.6% | +86.0% | 6.4pp | ✓ |
| Ventive Hospitality | ₹643 | +13.2% | +11.3% | 1.9pp | ✓ |
| Senores Pharmaceuticals | ₹391 | +71.6% | +51.9% | 19.7pp | ✓ |
| Carraro India | ₹704 | +1.4% | -6.2% | 7.7pp | ✗ |
| Concord Enviro Systems | ₹701 | +14.3% | +17.8% | 3.6pp | ✓ |
| DAM Capital Advisors | ₹283 | +50.5% | +38.9% | 11.7pp | ✓ |
| Sanathan Textiles | ₹321 | +29.3% | +31.5% | 2.2pp | ✓ |
| Transrail Lighting | ₹432 | +38.2% | +35.4% | 2.8pp | ✓ |
| Mamata Machinery | ₹243 | +107.0% | +146.9% | 39.9pp | ✓ |
| Inventurus Knowledge | ₹1329 | +31.2% | +43.0% | 11.7pp | ✓ |
| Sai Life Sciences | ₹549 | +12.8% | +18.4% | 5.7pp | ✓ |
| Mobikwik | ₹279 | +57.4% | +58.4% | 1.1pp | ✓ |
| Vishal Mega Mart | ₹78 | +25.6% | +33.3% | 7.7pp | ✓ |
| Suraksha Diagnostic | ₹441 | +3.4% | -0.7% | 4.1pp | ✗ |
| Enviro Infra | ₹148 | +37.2% | +48.6% | 11.5pp | ✓ |
| NTPC Green | ₹108 | +1.9% | +2.8% | 0.9pp | ✓ |
| Niva Bupa Health | ₹74 | +1.4% | +5.4% | 4.1pp | ✓ |