Risk Warning & Transparency

Disclaimer & Terms of Use

Please read carefully before using any data, estimates, or information on GMP Pulse (gmppulse.in).

CRITICAL RISK NOTICE: Stock market investments, including Initial Public Offerings (IPOs), carry substantial capital risk. Grey Market Premium (GMP) is an unregulated, unofficial price indicator. Do not subscribe to any IPO purely based on GMP or unofficial estimates.

1. Unofficial Nature of Grey Market Premium (GMP)

The Grey Market Premium (GMP) displayed on GMP Pulse reflects unofficial price indications and market sentiments gathered from dealer networks and market participants prior to the official listing of shares on stock exchanges (BSE / NSE).

Not Exchange Traded: The grey market is entirely offline, OTC (over-the-counter), unofficial, and not regulated by the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), or Bombay Stock Exchange (BSE).
No Guarantee of Listing Price: A positive or high GMP does not guarantee that a stock will list at a premium. Actual listing prices are dictated strictly by official stock exchange price discovery on the day of listing.
Extreme Volatility: Grey market prices can fluctuate widely within minutes based on market liquidity, sentiment, and unverified rumors.

2. Strictly No Dealings or Trading in the Grey Market

GMP Pulse strictly DOES NOT trade, deal, broker, buy, or sell IPO applications, Kostak rates, Sauda rates, or grey market securities.

We do not operate, facilitate, or endorse any grey market desk, telegram channel, or trading platform. We strongly caution users against entering into unauthorized, unregulated, or illicit financial agreements.

3. Not a SEBI-Registered Financial Advisor

GMP Pulse is an independent market information and educational portal.

We are NOT registered with SEBI (Securities and Exchange Board of India) as an Investment Adviser (under SEBI Investment Advisers Regulations, 2013) or Research Analyst (under SEBI Research Analysts Regulations, 2014).
Nothing published on this website constitutes financial advice, investment recommendations, buy/sell ratings, or solicitation of any security or investment strategy.
All content, calculators, formula illustrations, and historical metrics are provided for general educational, research, and informational purposes only.

4. Duty of Due Diligence & Official Prospectus (RHP / DRHP)

Before applying for any Mainboard or SME IPO, investors must independently review official disclosures:

Review the official Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) filed by the issuer company with SEBI and stock exchanges.
Verify company financials, promoters' background, debt obligations, litigation history, and stated objectives of the issue.
Consult a certified, SEBI-registered financial planner or investment advisor to evaluate your risk tolerance and financial objectives.

5. Accuracy and Timeliness of Data

While we make reasonable efforts to compile and present accurate bidding dates, price bands, issue sizes, subscription figures, and GMP records from publicly available sources and exchange disclosures, GMP Pulse makes no representation or warranty of any kind, express or implied, regarding the accuracy, completeness, or reliability of any information.

Dates and figures may be updated or modified by exchange circulars, lead managers, or regulatory bodies without prior notice. Always verify critical cutoff dates directly with official exchange portals (bseindia.com / nseindia.com).

6. Limitation of Liability

Under no circumstances shall GMP Pulse, its owners, operators, developers, or affiliates be liable for any direct, indirect, incidental, consequential, or punitive damages or financial losses arising out of your access to, use of, or inability to use this website, or any reliance placed upon information provided herein.

7. Contact and Reporting Inaccuracies

If you notice any outdated information or data discrepancy in our IPO calendar or tables, please notify our team via our Contact Page. We appreciate community feedback to ensure data accuracy.