What Are the Latest Grey Market Premium (GMP) Trends for Mainboard and SME IPOs?
About Today’s GMP Snapshot
The Grey Market Premium (GMP) gives early sentiment on upcoming IPO listings. A positive GMP usually signals strong listing expectations, while a flat or zero GMP may indicate muted demand or cautious market conditions.
Below is the consolidated and updated GMP table for both Mainboard and SME IPOs as of 14:30 PM.
Mainboard IPO – Latest GMP
| IPO Name | GMP (₹) | Estimated Listing Gain (%) |
|---|---|---|
| Pine Labs | ₹6.20 | 2.94% |
| Emmvee Photovoltaic | ₹3.00 | 1.38% |
| PhysicsWallah | ₹0.00 | 0.00% |
| Tenneco Clean Air | ₹87.00 | 21.91% |
| Fujiyama Power Systems | ₹0.00 | 0.00% |
| Capillary Technologies | ₹0.00 | 0.00% |
| Excelsoft Technologies | ₹0.00 | 0.00% |
These GMP levels reflect early subscription interest and market expectations around listing day performance. Traders can analyse broader market trends using insights from the Nifty Market Setup Guide.
SME IPO – Latest GMP
| IPO Name | GMP (₹) | Estimated Listing Gain (%) |
|---|---|---|
| Curis Lifesciences | ₹9.00 | 7.03% |
| Shining Tools | ₹0.00 | 0.00% |
| Mahamay Lifesciences | ₹0.00 | 0.00% |
| Workmates Core2Cloud | ₹51.00 | 25.00% |
Insights & Interpretation
Tenneco Clean Air shows the strongest Mainboard GMP at nearly 22%, driven by sector tailwinds and strong institutional interest.
Workmates Core2Cloud leads in the SME segment with a robust 25% GMP, indicating strong appetite for niche digital and cloud tech players.
Flat GMPs (0%) indicate either cautious sentiment or limited visibility among investors at this stage.
Investor Takeaway
IPO GMPs can provide early cues but should not be the sole basis for investment decisions. Gulshan Khera, CFP®, advises investors to prioritise fundamentals and subscription patterns alongside GMPs. Explore more trusted insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
