IPO - GMP

No, IPO GMP is an unofficial grey market price, while the listing price is the official market price when the IPO shares start trading. GMP gives an indication but is not the actual trading value of the stock on the listing day.

Investing in an IPO is made simple through Alice Blue. Follow these easy steps to start your investment: 

Step 1: Open your free Demat account with Alice Blue in just 15 minutes. Already have an account !! Then just, simply login to Alice IPO.

Step 2: Choose from the IPO you want to apply and place your bid.

Step 3: Once the bid is placed via UPI, the UPI App will block funds in your Bank account proportional to the bid (Till the allotment date). If the shares are allotted to you, the money will be debited from your account, if not, the money will be unblocked.

IPO allotment refers to the process of distributing a company’s shares to investors during its Initial Public Offering. Depending on the number of applicants and available shares, it either distributes shares proportionally or, in case of oversubscription, uses a lottery system. Investors may get full, partial, or no allotment depending on subscription levels.

Please follow these steps to check the allotment status: 

Step 1: Log in to your Alice Blue Account 

Step 2: Navigate to the Portfolio or IPO Section

Step 3: Find the IPO Allotment Status

Step 4: Select the IPO

Step 5: Check the Status

An IPO in the grey market premium is calculated based on the demand for the shares. If the GMP is set lower then it indicates that the demand for an IPO is low and vice versa.