India’s IPO market is witnessing strong investor excitement, with several ongoing and upcoming issues showing double-digit Grey Market Premiums (GMPs).
##What Does GMP Actually Tell Us?
Grey Market Premium is an unofficial indicator of investor sentiment before listing
##RANKING
GMP Leaderboard
1️⃣ Manika Plastech
Issue Price: ₹43
GMP: ₹17
GMP: 39.5%
Estimated Listing: ₹60
Manika Plastech currently tops the GMP table, indicating strong unofficial market sentiment ahead of its IPO.
2️⃣ Pranav Constructions
Issue Price: ₹124
GMP: ₹44
GMP: 35.5%
Estimated Listing: ₹168
The IPO has attracted exceptionally strong investor demand, with subscription reaching more than 100x by the close of bidding.
3️⃣ Kanohar Electricals
Issue Price: ₹632
GMP: ₹218
GMP: 34.5%
Estimated Listing: ₹850
Kanohar has also received strong investor interest, with its IPO fully subscribed early during the issue period.
4️⃣ Rentomojo
Issue Price: ₹404
GMP: ₹135
GMP: 33.4%
Estimated Listing: ₹539
Rentomojo’s IPO was fully subscribed on Day 1, while its GMP indicated strong expectations for listing gains.
@@Other IPOs Showing Strong GMP
Glass Wall Systems
GMP: ₹55
GMP: 30.2%
Estimated Listing: ₹237
The IPO was fully subscribed on Day 1, reflecting strong investor interest.
Karamtara Engineering
GMP: ₹69
GMP: 27.2%
Estimated Listing: ₹323
LCC Projects
GMP: ₹33
GMP: 22.6%
Estimated Listing: ₹179
Steamhouse India
GMP: ₹18
GMP: 22.2%
Estimated Listing: ₹99
Veegaland Developers
GMP: ₹30
GMP: 21.4%
Estimated Listing: ₹170
Asset Reconstruction Company
GMP: ₹27
GMP: 19.4%
Estimated Listing: ₹166
Manipal Payment & Identity Solutions
GMP: ₹38
GMP: 11.2%
Estimated Listing: ₹377
@@Lower-GMP / Neutral Zone
Some IPOs are showing relatively modest or zero GMP:
• Raksan Transformers — 9.2%
• Vinod Texworld — 8.5%
• Amtech Esters — 8.0%
• Prasol Chemicals — 5.9%
• InfraX Renewable — 0%
• Panchatv Bharat — 0%
• OM Galaxy — 0%
• Injecto Polymers — 0%
• Century Business Media — 0%