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.
Analysis
Mahanadi Coalfields Limited (MCL) IPO has taken a major step forward after its parent company Coal India Limited filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Analysis
September 2026 is shaping up to be another busy month for India’s IPO market, with several companies preparing to tap the primary market amid renewed investor interest.
Open IPO
Purple Style Labs IPO opens for subscription on August 31, 2026, with a price band of ₹546 to ₹575 per share. The ₹680 crore IPO is entirely a fresh issue and will close on September 2. Check the latest GMP, IPO dates, lot size, financial performance, business details, valuation and key risks.
Open IPO
Phychem Technologies IPO opens on August 31, 2026, and will close on September 2, 2026. The BSE SME IPO has a price band of ₹51 to ₹54 per share and an issue size of ₹14.58 crore. Check the latest GMP, lot size, investment amount, financial performance, IPO dates and key points investors should know.
Open IPO
Complete Sports & Management India IPO opened on August 28, 2026, and will close on September 1. The BSE SME IPO has a price band of ₹128–₹135 per share and aims to raise up to ₹74.93 crore through a fresh issue. The company operates sports bars, entertainment centres and distributes gaming and amusement equipment through brands including KOMUSE, Sega Amusements and Bandai Namco.
Open IPO
ABH Healthcare IPO closes today, August 27, 2026. The ₹34.98 crore NSE SME issue is priced at ₹96–₹102 per share and is entirely a fresh issue. Latest available subscription data shows strong QIB participation at 8.37x, while overall subscription was around 0.99x through August 26. The latest reported GMP is ₹0. ABH Healthcare operates the 150-bed Anil Baghi Hospital in Ferozepur and reported FY2026 revenue of ₹52.59 crore with PAT of ₹5.64 crore.
Open IPO
ABH Healthcare IPO is currently open with a price band of ₹96–₹102 per share. The ₹34.98 crore NSE SME offering is entirely a fresh issue of 34.30 lakh shares. ABH Healthcare operates the 150-bed Anil Baghi Hospital in Ferozepur, Punjab, providing treatment across around 25 specialties. FY2026 revenue increased to ₹52.59 crore and PAT reached ₹5.64 crore. The company plans to use ₹17 crore of IPO proceeds for debt repayment and ₹5 crore for working capital. As bidding progresses, investors will be watching subscription demand, debt reduction and the company's ability to expand beyond its current single-hospital operation.
Open IPO
Annu Projects IPO entered Day 2 on August 26, 2026, after receiving 0.34x subscription on its opening day. The ₹175.06 crore mainboard IPO is a 100% fresh issue priced at ₹94–₹99 per share. The infrastructure EPC company works across telecom fibre networks, sewerage systems, gas pipelines and railway signalling. FY2026 revenue reached ₹244.59 crore while PAT increased to ₹33.03 crore. With ₹115 crore of IPO proceeds planned for working capital and ₹15.41 crore for machinery, future order execution, cash flows and working-capital efficiency will be key areas to watch.
Open IPO
Madhur Knit Crafts IPO entered Day 3 on August 26, 2026. The ₹53.27 crore NSE SME IPO is priced at ₹95–₹100 per share and consists entirely of fresh shares. The Ludhiana-based textile manufacturer reported ₹194.79 crore revenue and ₹12.35 crore PAT for the latest reported period. IPO proceeds will support working capital, debt repayment and solar-panel investment. With subscription at around 0.51x as of 11:10 AM today, investors are watching final-day demand, margins, working-capital efficiency and the company's ability to sustain its recent earnings growth.
Open IPO
ABH Healthcare IPO entered its second bidding day on August 25, 2026. The ₹34.98 crore NSE SME issue is a 100% fresh issue priced at ₹96–₹102 per share. The Punjab-based healthcare company operates a multi-speciality hospital and reported FY2026 total income of ₹52.59 crore with PAT of ₹5.64 crore. ABH plans to use ₹17 crore of IPO proceeds for debt repayment and ₹5 crore for working-capital requirements. With borrowings rising to ₹45.75 crore in FY2026, investors will be watching the impact of deleveraging, hospital utilisation, margins and future expansion after listing.
Open IPO
Annu Projects IPO opened on August 25, 2026, with a price band of ₹94–₹99 per share. The ₹175.06 crore mainboard IPO is entirely a fresh issue, with no OFS, and will close on August 28. The EPC company works across telecom infrastructure, sewerage systems, gas pipelines and railway signalling. Annu Projects reported FY2026 total income of ₹244.59 crore and PAT of ₹33.03 crore, while its confirmed order book stood at ₹1,005.05 crore as of June 30, 2026. A major ₹115 crore portion of IPO proceeds is earmarked for working capital, making project execution, receivable collection and cash-flow management important factors to watch after listing.
GMP Update
Horizon Industrial Parks made its stock-market debut today, August 24, 2026, after completing its ₹2,600 crore mainboard IPO at ₹60 per share. The stock opened at ₹60.25 on NSE and ₹59.65 on BSE, resulting in a nearly flat listing despite earlier grey-market expectations. The Blackstone-backed industrial and logistics infrastructure company operates 45 assets across 10 major Indian markets with 58.58 million sq. ft. of leasable area. With the IPO entirely comprising fresh shares and a large portion of proceeds intended for debt repayment, investors will now focus on occupancy, rental growth, debt reduction and cash-flow improvement.