Disclaimer
Last Updated: October 24, 2026
Please read this disclaimer carefully before using Live GMP (livegmp.com). The information provided on this platform is for educational and informational purposes only.
General Risk Warning for Equities and IPOs
Investing in securities, Initial Public Offerings (IPOs), and financial markets involves substantial risk of loss. Market prices can fluctuate widely and unpredictably. Past performance and grey market indicators do not guarantee future listing returns or capital safety. Never invest money that you cannot afford to lose.
1. Regulatory Status (Not SEBI Registered)
Live GMP is an independent technology platform and data aggregator. Live GMP is NOT registered with the Securities and Exchange Board of India (SEBI) under SEBI (Research Analysts) Regulations, 2014, nor under SEBI (Investment Advisers) Regulations, 2013.
Nothing contained on this website, in our algorithms, or in any associated communication should be interpreted, construed, or relied upon as investment, financial, legal, or taxation advice. Before making any investment decisions, users are strongly urged to consult a qualified, SEBI-registered financial advisor.
2. Specific Disclaimer Regarding IPO GMP (Grey Market Premium)
Live GMP tracks and reports Grey Market Premium (GMP) for Mainboard and SME IPOs. Visitors must understand the following essential facts regarding GMP:
- Informal and Unregulated: The Grey Market is an unofficial, informal, and unregulated over-the-counter market. It is not governed, monitored, or endorsed by SEBI, the National Stock Exchange (NSE), or the Bombay Stock Exchange (BSE).
- No Guarantee of Listing Performance: GMP represents speculative sentiment among unregulated dealers and can change abruptly within minutes. A positive GMP does NOT guarantee that the IPO will list at a premium, nor does a negative GMP guarantee listing at a discount.
- Purely Informational Aggregation: GMP quotes displayed on Live GMP are gathered from informal market participants, dealer networks, and public web records. Live GMP does not trade, buy, sell, or facilitate any grey-market transactions, Kostak rates, or Sauda agreements.
3. IPO Subscription and Allotment Data
IPO subscription numbers, bidding day statistics, and allotment timelines displayed on Live GMP are aggregated from official stock exchange feeds (NSE, BSE) and respective registrar websites (such as Link Intime India, KFin Technologies, Bigshare Services, Skyline, etc.).
While we make every effort to ensure prompt and accurate data synchronization, technical latencies or discrepancies may occasionally occur. For binding legal records and official allotment confirmations, users must always refer directly to the designated registrar's portal or the stock exchange.
4. Read the Red Herring Prospectus (RHP)
Investors are advised to thoroughly read the official Red Herring Prospectus (RHP) and Draft Red Herring Prospectus (DRHP) filed by the issuing company with SEBI before applying for any IPO. The RHP contains vital information regarding the company's business model, promoter background, financial history, risk factors, and intended use of proceeds.
5. No Liability for Trading or Investment Losses
Under no circumstances shall Live GMP, its founders, authors, operators, or technical contributors be liable for any financial losses, lost profits, lost opportunities, or trading damages incurred by users based on information or tools found on this website. All financial actions and trades are executed solely at the user's own discretion and risk.
6. Questions or Inquiries
If you have any questions concerning this Disclaimer or platform data, feel free to contact us at:
Email: support@livegmp.com