Disclaimer

No investment advice

Investoyard (operated by Safal Capital Services Private Limited) publishes information about public issues to help investors stay informed. Nothing on this platform — pages, notifications, messages or documents — is investment advice, research, or a recommendation to subscribe to, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Please make investment decisions independently or with a registered adviser.

Grey-market premium (GMP)

GMP, kostak and similar figures describe unofficial, unregulated grey-market activity. They are not published by any exchange or regulator, cannot be verified, can change sharply without notice, and often differ materially from actual listing prices. We display GMP purely as information; trading in the grey market is not endorsed, facilitated or encouraged by us. Any "estimated listing price" derived from GMP is arithmetic, not a prediction.

Data accuracy

Issue details, subscription figures, allotment and listing data are compiled from stock exchanges, registrars, issuer offer documents and other public sources on a best-effort basis. Figures may be delayed, revised or erroneous. The issuer's offer documents (DRHP/RHP) and exchange notices are the only authoritative sources — always verify before acting.

Market risk

Investments in securities markets are subject to market risks. Past listing performance and oversubscription are not indicators of future results. Applying in an IPO can result in non-allotment, and listed shares can trade below the issue price.

Third-party links & services

The platform may link to exchanges, registrars, banks, and other third parties. We do not control and are not responsible for their content, availability or policies.

Complaints

For market-related grievances you may use SEBI SCORES or the Online Dispute Resolution portal.