India's primary market continues to remain abuzz with the closing of three mainboard initial public offerings on Tuesday and another one on Thursday and their grey market premiums point to a bumper listing as 2024 comes to an end.
The highest grey market premium in the list is for Unimech Aerospace IPO, which was subscribed over 8 times as of 3:14 pm on Tuesday (Day 2). According to InvestorGain data, Unimech Aerospace's shares are set to hit Dalal Street at around 65% premium over its IPO price.
Here's what the GMP trends of the four IPOs indicate ahead of their listing next week:
Carraro India IPO GMP
The grey market premium of Carraro India's IPO was nil at 01:27 p.m. on Dec 24. The issue was fully subscribed on its final day after muted subscription on Day 1 and Day 2.
The issue has been subscribed 1.01 times as of 3:14 pm on Tuesday.
Senores Pharmaceuticals IPO GMP
The grey market premium of Senores Pharmaceuticals IPO showed gains as the issue closes for subscription on Dec. 24. The GMP stood at Rs 230 per share as of 02:01 p.m. on Tuesday, according to the InvestorGain platform. This takes the estimated listing price—the sum of GMP and the upper end of the IPO price—to Rs 621 per share, which suggests a potential listing day gain of 58.82%.
Senores Pharmaceuticals IPO has been subscribed over 80 times, as per the consolidated data shared by the BSE.
Unimech Aerospace IPO GMP
The grey market premium of Unimech Aerospace IPO showed gains as the issue closes for subscription on Thursday. The GMP stood at Rs 510 per share as of 01:00 p.m. on Tuesday. This takes the estimated listing price—the sum of GMP and the upper end of the IPO price—to Rs 1295 per share, which suggests a potential listing day gain of 64.97% - according to the InvestorGain platform.
The GMP trends have shown an upward trajectory since the IPO price band was announced.
Notably, the IPO was subscribed over 8 times as of 3:24 pm on Day 2, as per the consolidated data shared by the BSE. The public issue was fully subscribed on its opening day.
Ventive Hospitality IPO GMP
The grey market premium of Ventive Hospitality IPO stood at Rs 50 as of 12:27 pm on Tuesday, indicating a potential gain of 7.78%. This suggests an estimated listing price of Rs 693 for the company.
The GMP trends have been a mixbag so far. The grey market premium was Rs 67 when the issue opened for subscription but soon slid down to as low as Rs 29 by Day 2. But as the IPO garnered significant attention from investors on its final day the GMP climbed again to Rs 50.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
The IPO was subscribed at 7.27 times as of 3:29 pm on Tuesday.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
RECOMMENDED FOR YOU
HDB Financial Services: CEO Says Listing At Premium Validates Business Model
Jul 02, 2025
Indogulf Cropsciences IPO Subscribed 94% On Day Two
Jun 27, 2025
Supertech EV IPO, Day 1: Check GMP, Offer Size, Price Band, Subscription Status And More
Jun 25, 2025
Abram Food IPO: Check Latest GMP, Day One Subscription Status, Price Band And More
Jun 24, 2025
POPULAR