What is the difference between Grey Market and Gray Market?

'Grey market' and 'gray market' are simply spelling variations of the same unofficial over-the-counter market where IPO applications and shares trade prior to listing on BSE and NSE.

Is Phytochem Remedies (India) IPO GMP official?

No, Grey Market Premium (GMP) is an informal, unorganized market price indicator and is not recognized by SEBI, BSE, or NSE. It fluctuates based on market demand and investor sentiment.

PRILSME / BSEUpcoming

Phytochem Remedies (India)

Incorporated in 2002, Phytochem Remedies (India) Limited is a Jammu-based manufacturer of corrugated boxes and corrugated board solutions serving industries such as food & beverages, FMCG, pesticides, pharmaceuticals, and automotive. The company operates two manufacturing units at Bari Brahmana, Jammu, with Unit 1 having an allocated area of 43,360 sq. ft. (approximately 12,000 sq. ft. utilized) and Unit 2 having an allocated area of 1,73,440 sq. ft. (approximately 55,000 sq. ft. utilized). Its product range includes 3-ply, 5-ply, and 7-ply corrugated boxes, printed corrugated boxes, corrugated rolls, pads, and sheets, and as of September 30, 2025, the company employed 51 people.

DRHP

₹98 - ₹98GMP ₹00.62x sub

GMP₹0

Est. Listing Price₹98

PRILSME / BSEUpcoming

Phytochem Remedies (India) IPO GMP

DRHP Document

Price Band₹98

Lot Size1,200 shares

Min Bid₹1,17,600

Subscription0.62x

GMP

₹0Latest GMP + upper band: ₹98

Flatno premium

Issue Amount

₹38.22 Cr

Listed Price

Awaiting Listing

Current Price

N/A (Pre-Listing)

Registrar

Bigshare Services Private Limited

Grey Market Premium (GMP)

₹0Latest GMP

Interactive 5-Day GMP Trend Curve

No GMP trend data currently available

GMP Milestone Daily Ledger

Milestone DateDate	Premium GMPGMP	Est. Listing PriceEst. Listing	Proj. Profit / LotLot Profit

Phytochem Remedies (India) IPO Grey Market Premium (GMP) Today & Listing Gain Estimation (2026)

The Grey Market Premium (GMP) for Phytochem Remedies (India) (PRIL) IPO represents the unofficial premium at which equity shares are traded in the grey market prior to their official exchange listing. Today, Phytochem Remedies (India) IPO GMP is recorded at ₹0. Considering the issue price band of ₹98, market participants estimate a potential listing price of around ₹98 per share. Compare this with all other upcoming issues on our Live IPO GMP Today Master Table.

Retail Application Investment & Estimated Returns Breakdown

Parameter	Value / Calculation	Description
Price Band	₹98	Official bidding range announced in RHP
Current GMP Rate	₹0	Unofficial premium traded in the grey market
Estimated Listing Price	₹98	Upper Price Band (₹98) + GMP (₹0)
Retail Lot Size	1200 Shares	Minimum bid quantity for Retail Individual Investors (RII)
Minimum Outlay	₹1,17,600	Cut-off Price (₹98) × Lot Size (1200)
Estimated Profit per Lot	₹0	GMP (₹0) × Lot Size (1200)

Key Grey Market Terms: GMP, Kostak & Subject to Sauda

1. Grey Market Premium (GMP): The additional price per share buyers are willing to pay over the official IPO price band before shares hit stock exchanges.
2. Kostak Rate: A fixed monetary deal where a buyer pays an investor a set cash amount to buy their entire IPO application upfront, ensuring fixed profit regardless of allotment outcomes.
3. Subject to Sauda: An agreement where the buyer pays a predetermined profit amount to the applicant ONLY if the application successfully receives IPO share allotment.

Frequently Asked Questions

Disclaimer: Grey Market Premium (GMP) rates are unorganized, unofficial prices based on dealer speculation. They are provided strictly for educational purposes and should not be considered investment advice.