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
Precision engineering firm Apsis Aerocom Limited has launched its ₹35.77 crore SME IPO today, March 11, 2026. With a price band of ₹104–₹110 and a massive 182% jump in profits for FY25, the company is attracting eyes in the defense and healthcare manufacturing space. But with an entry barrier of ₹2.64 lakh, is the growth sustainable?
Open IPO
Gurgaon-based Innovision Limited is currently in the middle of its ₹323 crore mainboard IPO (March 10–12, 2026). As a major player in manpower services and NHAI toll management, the company boasts a massive 35% ROE. However, with a ₹0 Grey Market Premium and heavy reliance on government contracts, investors are weighing its 32x P/E valuation against the risks of a labor-intensive business model.
Open IPO
Gujarat-based Rajputana Stainless is wrapping up its ₹255 crore mainboard IPO today, March 11, 2026. With a price band of ₹116–₹122, the company is looking to fund a major shift into stainless steel seamless pipes. As of the final day, QIBs have nearly filled their quota, while the retail segment remains open for those looking at long-term fundamentals over short-term "listing gain" hype.
Open IPO
Bengaluru-based Apsis Aerocom launches its ₹35.77 crore NSE SME IPO on March 11, 2026. Specializing in high-complexity machined components for aerospace, defense, and healthcare, the company reported a massive 160% profit surge in FY25. This blog breaks down the ₹104–₹110 price band, its 5-axis CNC capabilities, and whether this "Build-to-Print" specialist belongs in your portfolio.
Upcoming IPO
Gujarat-based Rajputana Stainless is launching its ₹255 crore mainboard IPO on March 9, 2026. Specializing in high-grade stainless steel with a massive 75% repeat customer rate, the company is looking to utilize the ₹116–₹122 price band to expand into the high-margin seamless pipe segment and slash its debt. This blog analyzes its 26% profit growth and the long-term potential of its "forward integration" strategy.
Analysis
In the fast-paced world of the Indian primary market, three letters carry more weight than almost any financial ratio: GMP.
Open IPO
Rajasthan-based Elfin Agro India launches its ₹25.03 crore BSE SME IPO today, March 5, 2026. Specializing in wheat-based products and mustard oil, the company is using a fixed-price issue of ₹47 to fund massive working capital needs. This blog explores their 38% profit growth, high 22% ROE, and why the current flat GMP suggests a focused look at fundamentals.
Checklist
For years, the "Mainboard" was the only playground for serious investors, while the SME (Small and Medium Enterprise) segment was seen as a speculative corner.
Upcoming IPO
Jharsuguda-based Srinibas Pradhan Constructions launches its ₹20.32 crore NSE SME IPO on March 6, 2026. Specializing in EPC government projects for roads and high-level bridges, the company has seen revenue jump 150% in the last year. This blog breaks down the ₹91–₹98 price band, its ₹184 crore order book, and whether this infrastructure play is built for your portfolio.
Open IPO
Mumbai-based Acetech E-Commerce (formerly Acetech Ventures) is live with its ₹48.95 crore SME IPO. Open until March 4, 2026, the company is looking to scale its "asset-light" dropshipping and global selling model. This blog breaks down the ₹106–₹112 price band, its 71% profit growth, and why the current flat GMP suggests a "wait-and-watch" approach for retail investors.
Open IPO
Pune-based SEDEMAC Mechatronics launches its ₹1,087 crore mainboard IPO on March 4, 2026. A global leader in sensorless motor control and 2W/3W powertrain technology, the company is eyeing the ₹1,352 price band following a massive 700% profit surge in FY25. This blog breaks down why anchor investors are watching this "brainy" engineering play.
Open IPO
Backed by legendary investors Mukul Agrawal and Sunil Singhania, Yaap Digital launches its ₹80.11 crore NSE SME IPO today, February 25, 2026. Specializing in AI-led content and performance marketing across India, UAE, and Singapore, the company is using the ₹138–₹145 price band to fund a major acquisition. This blog explores their 50% revenue growth and the strategic "GoZoop" buyout.