Live subscription status from the exchange feed, grey market sentiment, the full T+3 calendar and a plain-English guide to what the numbers actually mean.
Showing 13 of 13 issues.
GLASSWALL · Mainboard · EQ
GMP
₹45
Est. listing
₹227
Est. move
24.7%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
KANOHAR · Mainboard · EQ
GMP
₹240
Est. listing
₹872
Est. move
38.0%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
PRASOLCHEM · Mainboard · EQ
GMP
₹0
Est. listing
₹676
Est. move
0.0%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
MPIMANIPAL · Mainboard · EQ
GMP
₹4
Est. listing
₹343
Est. move
1.2%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
KARAMTARA · Mainboard · EQ
GMP
₹69
Est. listing
₹323
Est. move
27.2%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
ARCIL · Mainboard · EQ
GMP
₹14
Est. listing
₹153
Est. move
10.1%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
STEAMHOUSE · Mainboard · EQ
GMP
₹23
Est. listing
₹104
Est. move
28.4%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
RENTOMOJO · Mainboard · EQ
GMP
₹135
Est. listing
₹539
Est. move
33.4%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
Reserved employee quota, if any
LCCPROJECT · Mainboard · EQ
GMP
₹51
Est. listing
₹197
Est. move
34.9%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
VINOD · SME · SME
GMP
₹15
Est. listing
₹109
Est. move
16.0%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
VEEGALAND · Mainboard · EQ
GMP
₹25
Est. listing
₹165
Est. move
17.9%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
Individual investors applying up to ₹2 lakh
MANIKA · Mainboard · EQ
GMP
₹13
Est. listing
₹56
Est. move
30.2%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
HEROMOTORS · Mainboard · EQ
GMP
₹8
Est. listing
₹92
Est. move
9.5%
Quoted by unregulated grey market dealers. It is a rumour-driven number, not an exchange price, and it often changes or collapses before listing.
Mainboard and SME issues with a premium currently being quoted, including issues that are not on the NSE bidding feed yet.
Source:Investorgain Last refreshed 11 Sept, 05:28 am IST
Axiom Gas Engineering
SME · Upcoming · 18-Sep – 22-Sep
NSE
IPO · Upcoming · 17-Sep – 21-Sep
Kheria Autocomp
SME · Upcoming · 17-Sep – 21-Sep
Sonaselection India
IPO · Upcoming · 17-Sep – 21-Sep
Jindal Supreme
IPO · Upcoming · 16-Sep – 18-Sep
SS Retail
IPO · Upcoming · 16-Sep – 18-Sep
Hero Motors
IPO · Upcoming · 16-Sep – 18-Sep
Vama Wovenfab
SME · Upcoming · 15-Sep – 17-Sep
Shakti Polytarp
SME · Upcoming · 15-Sep – 17-Sep
Quanto Agroworld
SME · Upcoming · 15-Sep – 17-Sep
Injecto Polymers
SME · Upcoming · 11-Sep – 16-Sep
Century Business Media
SME · Upcoming · 11-Sep – 16-Sep
Manika Plastech
IPO · Upcoming · 11-Sep – 16-Sep
Maharaja & Speedex India
SME · Open · 10-Sep GMP: 30 – 15-Sep
Om Galaxy
SME · Open · 10-Sep GMP: 0 – 15-Sep
Veegaland Developers
IPO · Open · 10-Sep GMP: 25 – 15-Sep
Panchatv Bharat
SME · Open · 10-Sep GMP: 7 – 15-Sep
Raksan Transformers
SME · Open · 10-Sep GMP: 28 – 15-Sep
LCC Projects
IPO · Open · 9-Sep GMP: 40 – 11-Sep
Karamtara Engineering
IPO · Open · 9-Sep GMP: 75 – 11-Sep
Amtech Esters
SME · Open · 9-Sep GMP: 11 – 11-Sep
Asset Reconstruction
IPO · Open · 9-Sep GMP: 24 – 11-Sep
Manipal Payment and Identity Solutions
IPO · Open · 9-Sep GMP: 8 – 11-Sep
Vinod Texworld
SME · Open · 9-Sep GMP: 20 – 11-Sep
Steamhouse
IPO · Open · 9-Sep GMP: 20 – 11-Sep
Infrax Renewable
SME · Open · 9-Sep GMP: 0 – 11-Sep
Rentomojo
IPO · Open · 9-Sep GMP: 143 – 11-Sep
Kanohar Electricals
IPO · Open · 8-Sep GMP: 218 – 10-Sep GMP: 240
Glass Wall Systems
IPO · Open · 8-Sep GMP: 56 – 10-Sep GMP: 45
Prasol Chemicals
IPO · Open · 8-Sep GMP: 30 – 10-Sep GMP: 0
Pranav Constructions
IPO · Closed · 7-Sep GMP: 42.5 – 9-Sep GMP: 40
Apana Logistics
SME · Closed · 7-Sep GMP: 10 – 9-Sep GMP: 1
Qualiance International
SME · Closed · 4-Sep GMP: 55 – 8-Sep GMP: 65
| Company | GMP | Price | Est. listing | Est. move | Dates | Board | Status |
|---|---|---|---|---|---|---|---|
| Axiom Gas Engineering | ₹0 | ₹53 | ₹53 | 0.0% | 18-Sep – 22-Sep | SME | Upcoming |
| NSE | ₹192 | ₹1,785 | ₹1,977 | 10.8% | 17-Sep – 21-Sep | IPO | Upcoming |
| Kheria Autocomp | ₹0 | ₹101 | ₹101 | 0.0% | 17-Sep – 21-Sep | SME | Upcoming |
| Sonaselection India | ₹0 | ₹99 | ₹99 | 0.0% | 17-Sep – 21-Sep | IPO | Upcoming |
| Jindal Supreme | ₹19 | ₹93 | ₹112 | 20.4% | 16-Sep – 18-Sep | IPO | Upcoming |
| SS Retail | ₹30 | ₹424 | ₹454 | 7.1% | 16-Sep – 18-Sep | IPO | Upcoming |
| Hero Motors | ₹8 | ₹84 | ₹92 | 9.5% | 16-Sep – 18-Sep | IPO | Upcoming |
| Vama Wovenfab | ₹0 | ₹341 | ₹341 | 0.0% | 15-Sep – 17-Sep | SME | Upcoming |
| Shakti Polytarp | ₹0 | ₹59 | ₹59 | 0.0% | 15-Sep – 17-Sep | SME | Upcoming |
| Quanto Agroworld | ₹0 | ₹67 | ₹67 | 0.0% | 15-Sep – 17-Sep | SME | Upcoming |
| Injecto Polymers | ₹0 | ₹100 | ₹100 | 0.0% | 11-Sep – 16-Sep | SME | Upcoming |
| Century Business Media | ₹0 | ₹74 | ₹74 | 0.0% | 11-Sep – 16-Sep | SME | Upcoming |
| Manika Plastech | ₹13 | ₹43 | ₹56 | 30.2% | 11-Sep – 16-Sep | IPO | Upcoming |
| Maharaja & Speedex India | ₹30 | ₹186 | ₹216 | 16.1% | 10-Sep GMP: 30 – 15-Sep | SME | Open |
| Om Galaxy | ₹0 | ₹90 | ₹90 | 0.0% | 10-Sep GMP: 0 – 15-Sep | SME | Open |
| Veegaland Developers | ₹25 | ₹140 | ₹165 | 17.9% | 10-Sep GMP: 25 – 15-Sep | IPO | Open |
| Panchatv Bharat | ₹7 | ₹140 | ₹147 | 5.0% | 10-Sep GMP: 7 – 15-Sep | SME | Open |
| Raksan Transformers | ₹28 | ₹273 | ₹301 | 10.3% | 10-Sep GMP: 28 – 15-Sep | SME | Open |
| LCC Projects | ₹51 | ₹146 | ₹197 | 34.9% | 9-Sep GMP: 40 – 11-Sep | IPO | Open |
| Karamtara Engineering | ₹69 | ₹254 | ₹323 | 27.2% | 9-Sep GMP: 75 – 11-Sep | IPO | Open |
| Amtech Esters | ₹11 | ₹75 | ₹86 | 14.7% | 9-Sep GMP: 11 – 11-Sep | SME | Open |
| Asset Reconstruction | ₹14 | ₹139 | ₹153 | 10.1% | 9-Sep GMP: 24 – 11-Sep | IPO | Open |
| Manipal Payment and Identity Solutions | ₹4 | ₹339 | ₹343 | 1.2% | 9-Sep GMP: 8 – 11-Sep | IPO | Open |
| Vinod Texworld | ₹15 | ₹94 | ₹109 | 16.0% | 9-Sep GMP: 20 – 11-Sep | SME | Open |
| Steamhouse | ₹23 | ₹81 | ₹104 | 28.4% | 9-Sep GMP: 20 – 11-Sep | IPO | Open |
| Infrax Renewable | ₹0 | ₹104 | ₹104 | 0.0% | 9-Sep GMP: 0 – 11-Sep | SME | Open |
| Rentomojo | ₹135 | ₹404 | ₹539 | 33.4% | 9-Sep GMP: 143 – 11-Sep | IPO | Open |
| Kanohar Electricals | ₹240 | ₹632 | ₹872 | 38.0% | 8-Sep GMP: 218 – 10-Sep GMP: 240 | IPO | Open |
| Glass Wall Systems | ₹45 | ₹182 | ₹227 | 24.7% | 8-Sep GMP: 56 – 10-Sep GMP: 45 | IPO | Open |
| Prasol Chemicals | ₹0 | ₹676 | ₹676 | 0.0% | 8-Sep GMP: 30 – 10-Sep GMP: 0 | IPO | Open |
| Pranav Constructions | ₹52 | ₹124 | ₹176 | 41.9% | 7-Sep GMP: 42.5 – 9-Sep GMP: 40 | IPO | Closed |
| Apana Logistics | ₹0 | ₹60 | ₹60 | 0.0% | 7-Sep GMP: 10 – 9-Sep GMP: 1 | SME | Closed |
| Qualiance International | ₹81 | ₹127 | ₹208 | 63.8% | 4-Sep GMP: 55 – 8-Sep GMP: 65 | SME | Closed |
Every grey market figure on this page, including the premium shown on individual IPO cards, comes from the public tracker Investorgain (www.investorgain.com). VIA Capital does not generate, verify or quote grey market prices itself. Data is re-fetched when this page loads, last at 11 Sept, 05:28 am IST.
What GMP is, and what it is not
| Company | Symbol | Issue price | Listing date | Listed price |
|---|---|---|---|---|
| Qualiance International Limited | QUALIANCE | 127 | 11-SEP-2026 | See live price |
| Ashutosh Fibre Limited | ASHUTOSH | 92 | 07-SEP-2026 | See live price |
| Shanti Inorganics Limited | SHANTIINOR | 83 | 07-SEP-2026 | See live price |
| Sumax Engineering Limited | SUMAX | 101 | 02-SEP-2026 | See live price |
Data source
Source: NSE India public market data. Updated 10/9/2026, 11:58:22 pm. The board refreshes every few minutes while open and reloads fresh exchange data each day. Figures may be delayed and are shown for learning only.
Investors have bid for 3.4 times the shares on offer in that category. It shows demand, not quality, and it does not predict listing price.
QIB are qualified institutional buyers such as mutual funds and insurers. NII are non-institutional or high-net-worth investors. RII is the retail category with applications up to ₹2 lakh.
If the retail portion is oversubscribed, allotment is done by lottery, so applying for more lots does not increase your chance beyond one lot per PAN.
The price band is the floor-to-cap range at which bids are accepted. A lot is the minimum number of shares you must apply for in one application.
GMP is the extra amount, over the issue price, that buyers in an unofficial grey market are willing to pay for IPO shares before they list. Issue price plus GMP is what people call the estimated listing price.
No. The grey market is unregulated, thinly traded and driven by rumour. GMP can be inflated, can vanish in a day, and regularly gets the listing direction wrong. Treat it as sentiment, never as a forecast.
Read the RHP: what the company does, revenue and profit trend, debt, promoter holding, valuation versus listed peers, use of proceeds and risk factors. Those decide long-term outcomes; GMP decides nothing.
No. Subscription reflects short-term demand. A study of the prospectus, financials, valuation and use of proceeds matters far more, and none of this is a recommendation.
A plain walkthrough of what actually happens between the day you apply and the day the stock trades, so nothing on listing day comes as a surprise.
Under ASBA and UPI mandate, the application amount is only frozen in your bank account. It is debited if you get an allotment and released within a couple of working days if you do not.
If the retail category is oversubscribed, the registrar runs a computerised draw for one lot per applicant. Multiple applications on the same PAN are rejected, not rewarded.
Allotment is finalised the working day after close, refunds and demat credit follow, and listing is normally on the third working day after the issue closes.
A stock can list above, at, or below its issue price. Around a third of Indian IPOs have historically listed flat or lower, regardless of how strong the demand looked.
GMP tells you what an unofficial market is whispering today. It has no legal standing, changes hourly, and has been wrong on plenty of high-profile issues.
Selling on listing day attracts brokerage, STT, exchange and stamp charges, and gains within a year are short-term and taxable. Compute returns after all of that.
Written for someone who has never applied before. Follow the checklist, then the 11 steps. Every rule below follows the standard SEBI UPI-ASBA process used by all Indian brokers.
Shares are held electronically, so you need a demat account with any SEBI-registered broker. Opening it is free and takes about 15 minutes with PAN + Aadhaar.
Retail IPO applications are made through UPI. The UPI ID must belong to a bank that is on the SEBI list of UPI-enabled IPO banks (most large banks are).
The amount is not debited when you apply. It is only blocked (ASBA). It stays in your account and earns interest until allotment.
Only one application per PAN is allowed in the retail category. Multiple applications on the same PAN get rejected.
No demat account yet? Open a free one on Groww in about 15 minutes, then come back and apply. Referral code A2X4UQ.
An IPO accepts bids for roughly 3 working days. On the IPO Centre above, any issue marked Open is accepting applications right now. Note its price band, lot size and closing date.
Tip: Upcoming issues cannot be applied for yet. Set a reminder for the opening date.
Open the RHP (Red Herring Prospectus) linked on the exchange or SEBI site. At minimum skim: what the company does, revenue and profit for the last 3 years, how the IPO money will be used, and the risk factors section.
Tip: If you cannot explain the business in one sentence, that is a signal to slow down, not to hurry.
In Groww, tap Investments then IPO. You will see Open, Upcoming and Closed issues. Tap the issue you want and press Apply.
Tip: Same flow exists in every broker app and in most bank net-banking portals under ASBA / IPO.
Exact dates differ per issue and are shown on each IPO card above. Working days only.
Price band ₹95 to ₹100, lot size 150 shares. You apply for 1 lot at cut-off, so ₹100 × 150 = ₹15,000 is blocked in your bank account. If the final issue price is ₹100 and you are allotted, ₹15,000 is debited and 150 shares reach your demat. If the stock lists at ₹115, the notional gain is (115 − 100) × 150 = ₹2,250 before brokerage, taxes and charges. If it lists at ₹88, the notional loss is ₹1,800. If you are not allotted, the ₹15,000 block is simply released.
Educational content only. VIA Capital does not recommend any IPO and gives no investment advice. Process steps follow the public SEBI UPI-ASBA framework and can be revised by the regulator or your bank. Always confirm details in the issue documents and with your broker. The Groww link is a referral link.
Account opening on Groww is fully digital and usually finishes in under ten minutes. Use the VIA Capital referral code below while signing up.
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