India’s IPO market is witnessing strong investor excitement, with several ongoing and upcoming issues showing double-digit Grey Market Premiums (GMPs).<\/p>\n
##What Does GMP Actually Tell Us?<\/p>\n
Grey Market Premium is an unofficial indicator of investor sentiment before listing<\/p>\n
##RANKING
\nGMP Leaderboard
\n1\ufe0f\u20e3 Manika Plastech<\/p>\n
Issue Price: \u20b943
\nGMP: \u20b917
\nGMP: 39.5%
\nEstimated Listing: \u20b960<\/p>\n
Manika Plastech currently tops the GMP table, indicating strong unofficial market sentiment ahead of its IPO.<\/p>\n
2\ufe0f\u20e3 Pranav Constructions<\/p>\n
Issue Price: \u20b9124
\nGMP: \u20b944
\nGMP: 35.5%
\nEstimated Listing: \u20b9168<\/p>\n
The IPO has attracted exceptionally strong investor demand, with subscription reaching more than 100x by the close of bidding.<\/p>\n
3\ufe0f\u20e3 Kanohar Electricals<\/p>\n
Issue Price: \u20b9632
\nGMP: \u20b9218
\nGMP: 34.5%
\nEstimated Listing: \u20b9850<\/p>\n
Kanohar has also received strong investor interest, with its IPO fully subscribed early during the issue period.<\/p>\n
4\ufe0f\u20e3 Rentomojo<\/p>\n
Issue Price: \u20b9404
\nGMP: \u20b9135
\nGMP: 33.4%
\nEstimated Listing: \u20b9539<\/p>\n
Rentomojo’s IPO was fully subscribed on Day 1, while its GMP indicated strong expectations for listing gains.<\/p>\n
@@Other IPOs Showing Strong GMP<\/p>\n
Glass Wall Systems
\nGMP: \u20b955
\nGMP: 30.2%
\nEstimated Listing: \u20b9237<\/p>\n
The IPO was fully subscribed on Day 1, reflecting strong investor interest.<\/p>\n
Karamtara Engineering
\nGMP: \u20b969
\nGMP: 27.2%
\nEstimated Listing: \u20b9323<\/p>\n
LCC Projects
\nGMP: \u20b933
\nGMP: 22.6%
\nEstimated Listing: \u20b9179<\/p>\n
Steamhouse India
\nGMP: \u20b918
\nGMP: 22.2%
\nEstimated Listing: \u20b999<\/p>\n
Veegaland Developers
\nGMP: \u20b930
\nGMP: 21.4%
\nEstimated Listing: \u20b9170<\/p>\n
Asset Reconstruction Company
\nGMP: \u20b927
\nGMP: 19.4%
\nEstimated Listing: \u20b9166<\/p>\n
Manipal Payment & Identity Solutions
\nGMP: \u20b938
\nGMP: 11.2%
\nEstimated Listing: \u20b9377<\/p>\n
@@Lower-GMP \/ Neutral Zone<\/p>\n
Some IPOs are showing relatively modest or zero GMP:<\/p>\n
\u2022 Raksan Transformers \u2014 9.2%<\/p>\n
\u2022 Vinod Texworld \u2014 8.5%<\/p>\n
\u2022 Amtech Esters \u2014 8.0%<\/p>\n
\u2022 Prasol Chemicals \u2014 5.9%<\/p>\n
\u2022 InfraX Renewable \u2014 0%<\/p>\n
\u2022 Panchatv Bharat \u2014 0%<\/p>\n
\u2022 OM Galaxy \u2014 0%<\/p>\n
\u2022 Injecto Polymers \u2014 0%<\/p>\n
\u2022 Century Business Media \u2014 0%<\/p>\n","protected":false},"template":"","article-category":[35],"article-tags":[],"class_list":["post-312974","article","type-article","status-publish","hentry","article-category-learn"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/312974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=312974"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=312974"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=312974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}