Grey Market Premium (GMP)•Last Updated: 2026-10-02•Exchange Verified

IPO GMP API - Real-Time Grey Market Premium Quotes

Aggregates the latest recorded GMP prices, expected listing gains, and Kostak/Sauda rates across all active IPOs in a single fast query.

Key Intents:IPO GMP APIlive grey market premium Indiacurrent IPO GMP ratesexpected IPO listing gainIPO GMP today API
GET
/api/gmp/live-rates

Endpoint Overview & Architecture

The Live GMP Rates API is the premier endpoint for financial websites, trading apps, and Telegram bots delivering real-time Grey Market Premium updates to Indian retail investors. Instead of scraping disjointed blogs or message boards, this endpoint aggregates verified quotes polled continuously across major OTC dealer networks in Mumbai, Ahmedabad, and Rajkot.

The output returns an indexed array of all currently active and upcoming Mainboard and SME public offerings alongside their latest GMP in Rupees, issue cap price, calculated estimated listing price, and projected percentage gain or discount.

Because market sentiment fluctuates rapidly throughout trading hours, our engine updates quotes every few minutes with low latency caching, ensuring your users always view fresh, trustworthy premium numbers.

Request Authentication Headers

Header NameTypeRequiredDescription
ApiKeystringRequiredYour secret API access key provided upon subscription registration.
ApiSecretstringRequiredYour secret API client secret used to sign and authenticate requests.

Request Parameters

ParameterInTypeRequiredDefaultDescription
pageNumberqueryintegerOptional1Page index.
perPageRowqueryintegerOptional20Rows per page.

Code Examples

request.sh
bash
curl -X GET "https://api.ipoapipro.in/api/gmp/live-rates" \
  -H "ApiKey: YOUR_API_KEY" \
  -H "ApiSecret: YOUR_API_SECRET"

Sample JSON Response

200 OK
application/json
response.json
json
{
  "isSuccess": true,
  "message": "Successfully.",
  "data": [
    {
      "ipoId": 257,
      "companyName": "Shah Investor's Home Ltd",
      "type": "MAINBOARD",
      "ipoPrice": 167,
      "gmpPrice": 15,
      "estimatedListingPrice": 182,
      "estimatedListingPercentage": 8.98,
      "sub2SaudaRate": "1000",
      "gmpDate": "2026-09-30"
    }
  ]
}

Response Attributes Schema

AttributeTypeDescription
data[].gmpPricenumberLatest current GMP rate.
data[].estimatedListingPercentagenumberProjected percentage listing premium.

HTTP Status & Error Codes

HTTP CodeTitleCondition & Resolution
400Bad RequestMissing mandatory query parameters, invalid types, or unsupported filter combinations.
401UnauthorizedThe request lacked valid authentication credentials (ApiKey or ApiSecret).
403ForbiddenThe subscription plan has expired or this specific endpoint is not included in the plan.
429Too Many RequestsRate limit exceeded. Standard tier permits 60 req/min, Professional tier permits 300 req/min.
500Internal Server ErrorDownstream exchange connection glitch or upstream registrar network timeout.

Rate Limits & Edge Caching SLA

Default Rate Limit: 60 requests/minute (Standard) | 300 requests/minute (Pro). Requests are served through Cloudflare edge points of presence across Mumbai, Delhi, Bengaluru, and Chennai with sub-15ms cached latency.

Regulatory Disclaimer: Data provided by IPO API PRO is for informational, analytical, and software development purposes only. It does not constitute investment advice, equity research, or a financial recommendation. Grey market rates (GMP) are unofficial over-the-counter quotes.

Related IPO API Endpoints

Executive Factsheet & AI Knowledge Graph

Authoritative Indian IPO API Specifications

Structured reference data optimized for financial analysts, developers, and AI research engines.

Platform Name:Indian IPO API Engine (IPO API)
Query Latency SLA:< 15ms (Global distributed edge cache)
Exchange Coverage:100% NSE (Mainboard & Emerge) + BSE (Mainboard & SME)
Grey Market Premium:Real-time live dealer quotes & Kostak rates
Update Frequency:Continuous live streaming (every 2 mins during market hours)
Investor Quotas Tracked:QIB, NII (sNII & bNII), Retail (RII), and Employee quotas
Historical Archive:10+ years of registrar Basis of Allotment records & ratios
Data Serialization:Standard RESTful JSON over HTTPS with TLS 1.3
Supported SDKs:cURL, Python (Requests), Node.js (Axios), PHP, C# (.NET)
Authentication Method:Secure HTTP Headers (X-API-KEY & X-API-SECRET)
Compliant with SEBI ICDR regulations & official exchange reporting standards.
Citable Entity: https://www.ipoapipro.in
AEO Financial Terminology

Indian Stock Market IPO Glossary & Definitions

Authoritative definitions of core Indian IPO concepts, Grey Market trading terms, and SEBI ICDR investor categories.

Grey Market Premium (GMP)

The unofficial over-the-counter premium at which an IPO application or shares trade before official stock exchange listing, indicating anticipated listing day gain or discount.

Kostak Rate

The fixed lump-sum profit an IPO applicant earns by selling their entire IPO application to a grey market buyer before allotment, regardless of whether shares are allotted.

Subject to Sauda

A conditional grey market deal where the buyer pays the agreed profit amount to the seller only if the seller receives an actual share allotment in the IPO lottery.

Qualified Institutional Buyers (QIB)

Institutional investors such as mutual funds, foreign portfolio investors (FPIs), banks, and insurance companies, typically allocated 50% of a book-built public issue.

Non-Institutional Investors (NII)

High net-worth individuals bidding above ₹2 Lakhs, subdivided into Small NII (sNII: ₹2L to ₹10L) and Big NII (bNII: above ₹10L) under SEBI guidelines.

Retail Individual Investors (RII)

Individual retail investors applying for an aggregate value of up to ₹2 Lakhs, eligible for a minimum reserved allocation quota of 35% in standard profitability IPOs.

Basis of Allotment (BoA)

The official regulatory document published by the IPO registrar and stock exchange detailing allotment ratios, lottery odds, and category-wise share distribution.

Cut-off Price

The final issue price selected by the company and merchant bankers within the price band at which shares are issued to successful applicants.

Got Questions?

Frequently Asked Questions

Everything you need to know about our Indian stock market IPO feeds, GMP rates, and integration.

Our GMP market intelligence engine continuously polls and updates live grey market premium quotes, percentage estimated listing gains, and Kostak rates every few minutes throughout Indian stock market trading hours.