GMP IPO Watch
Grey market premium coverage, NAV tracking and research-driven analysis for Indian investors — updated through the day.
Real-time grey market premium for every open and upcoming IPO, updated through the day on our sister site.
Open IPO
Women’s ethnic wear brand Kiaasa Retail opens its ₹69.72 crore SME IPO today, February 23, 2026. With 124 stores across 70 cities and a sharp focus on "affordable luxury," the company is looking to fund a massive 41-store expansion. This blog breaks down the ₹121–₹127 price band, its strong H1 FY26 performance, and whether the current flat GMP is a cause for concern.
Upcoming IPO
SaaS pioneer Mobilise App Lab Limited is set to launch its ₹20.10 crore NSE SME IPO on February 23, 2026. Specializing in AI-driven ERP and IoT solutions for education and facility management, the company boasts a massive 48.3% EBITDA margin and a revenue CAGR of over 50%. This blog covers the ₹75–₹80 price band and its strategic focus on infrastructure and talent hiring.
Upcoming IPO
Shree Ram Twistex, a specialized B2B cotton yarn manufacturer from Gujarat, is set to launch its ₹110.24 crore Mainboard IPO on February 23, 2026. With a focus on high-margin "Eli Twist" yarns and a massive pivot toward 100% captive renewable energy, this blog breaks down the ₹95–₹104 price band and the company’s staggering 22% profit growth.
Upcoming IPO
Manilam Industries, a prominent manufacturer of decorative laminates and plywood, is launching its ₹39.95 crore SME IPO on February 20, 2026. With a strong ROE of 24.8% and a massive product portfolio of over 1,000 designs, this blog explores the ₹65–₹69 price band and the company's aggressive expansion plans in the building materials sector.
Upcoming IPO
Gaudium IVF & Women Health Limited is set to create history with its ₹165 crore IPO opening for public bidding on February 20, 2026. With a strong 41% ROE and a unique hub-and-spoke model across 30+ locations, this blog covers the ₹75–₹79 price band, the high-margin fertility sector outlook, and today’s critical anchor investor activity.
Upcoming IPO
Clean Max Enviro Energy, the preferred green partner for giants like Amazon, Google, and Apple, is launching its ₹3,100 crore IPO on February 23, 2026. With a massive 2.54 GW operational capacity and a successful turnaround to profitability in FY25, this blog breaks down the ₹1,000–₹1,053 price band, the high-profile backing by Brookfield, and what the current grey market trends suggest for investors.
Upcoming IPO
Latur-based Yashhtej Industries is launching its ₹88.88 crore SME IPO today, February 18, 2026. With a phenomenal revenue surge of over 400% in FY25 and a strategic move into solar power, this blog explores the company’s "Fixed Price" offering and whether its 14x P/E ratio makes it a value buy for retail investors.
Upcoming IPO
Backed by the legendary P.N. Gadgil & Sons, PNGS Reva Diamond Jewellery is set to launch its ₹380 crore IPO on February 24, 2026. With a focus on "Affordable Luxury" and plans to open 15 new exclusive stores, this blog breaks down the ₹367–₹386 price band, the company's 40% profit growth, and why the grey market is already buzzing.
Open IPO
The ₹1,010 crore Aye Finance IPO concludes its public bidding today, February 11, 2026. Backed by Alphabet (Google) and marquee global funds, the IPO has seen a cautious start with a flat GMP. This update provides the live Day 3 subscription trends, latest financials (H1 FY26), and the critical listing timelines for February 16.
Open IPO
Fractal Analytics, the first pure-play AI powerhouse to debut on Dalal Street, is concluding its ₹2,834 crore mainboard IPO today, February 11, 2026. This post provides the critical Day 3 subscription update, the current "soft" GMP trends, and the strategic outlook for investors before the stock lists on February 16.
Open IPO
NFP Sampoorna Foods Limited, a Delhi-based processor of premium dry fruits including cashews, almonds, and makhana, recently concluded its ₹24.53 crore IPO. With a strong presence in both B2B and B2C channels (Amazon, Flipkart, Blinkit), this blog analyzes the company’s recent 55% revenue growth and the key timelines for allotment and listing on February 11, 2026.
Open IPO
Marushika Technology Limited, a specialized provider of IT and telecom infrastructure with a unique footprint in Defence Auto-Tech, is launching its ₹26.97 crore SME IPO. With prestigious B2G clients like BEL and DMRC, this blog explores the company’s impressive 52% ROE and whether its diverse portfolio justifies the ₹2.81 lakh entry price.