Upcoming IPO GMP List in India – Mainboard & SME IPOs 2025

 

What is IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial yet powerful indicator in the Indian IPO market, reflecting the difference between the issue price of an IPO and the price at which shares are expected to trade in the grey market before official listing. GMP acts as a market sentiment gauge and helps investors estimate potential listing gains or losses. Although grey market trading is unregulated, GMP is widely monitored by retail and institutional investors to make informed decisions about participating in IPOs.

 

Importance of Tracking GMP for Upcoming IPOs

Tracking GMP for upcoming IPOs is important for investors aiming to capitalize on listing day performance. A high GMP generally indicates strong demand and investor confidence, suggesting that the IPO may list at a premium. Conversely, a low or negative GMP indicates weaker interest and may result in the IPO listing at or below the issue price. By following GMP trends, investors can make better-timed decisions for IPO applications and post-listing strategies.

 

Notable Upcoming Mainboard IPOs and Their GMP

In October 2025, several notable upcoming Mainboard IPOs are scheduled, each attracting different GMP levels. The LG Electronics India IPO, opening from October 7 to October 9 with a price band of ₹1,080 to ₹1,140 per share, currently shows a GMP of ₹330, suggesting a possible listing price of ₹1,470. Tata Capital’s IPO, opening from October 6 to October 8 with a price band of ₹310 to ₹326 per share, has a GMP of ₹6.5, indicating a modest potential listing price of ₹332.5. The WeWork India IPO, opening from October 3 to October 7 with a price band of ₹615 to ₹648, shows a GMP of ₹5, reflecting limited listing gains. Other upcoming IPOs such as Canara HSBC Life Insurance and Rubicon Research are also generating significant investor interest, with Rubicon Research showing a GMP of ₹77, which points to strong market anticipation.

 

Upcoming SME IPOs and GMP Insights

Similarly, several SME IPOs are slated for subscription in October 2025. SK Minerals, Mittal Sections, Shlokka Dyes, Greenleaf Envirotech, and Sheel Biotech are among the upcoming SME IPOs that investors are closely monitoring for GMP trends. Although GMP values for many of these SME IPOs are yet to be revealed, they remain key factors that investors consider before subscribing. These GMP indicators often influence investor decisions well before the IPO subscription period begins.

 

Factors Affecting GMP Fluctuations

Factors affecting GMP include company fundamentals, market conditions, sector popularity, anchor investor participation, and media coverage. Strong revenue growth and a solid business model tend to boost GMP, while bearish market sentiment or sector downturns can cause GMP to drop. Anchor investors and positive broker recommendations can also enhance GMP by instilling investor confidence. However, GMP is dynamic and can fluctuate until the listing date, making real-time tracking essential for investors.

 

Limitations of GMP as an Investment Indicator

Although GMP is a useful pre-listing indicator, it comes with limitations. Being unofficial and based on grey market activity, GMP does not guarantee listing performance. It should not be the sole factor in investment decisions, and investors should combine GMP analysis with a thorough review of the company’s fundamentals, industry trends, and overall market conditions. This comprehensive approach allows investors to make informed decisions and manage risks effectively.

 

Conclusion – Why Monitoring Upcoming IPO GMP Matters

In conclusion, the Upcoming IPO GMP List serves as a valuable resource for investors seeking to evaluate potential listing gains for upcoming Mainboard and SME IPOs. By monitoring GMP trends along with subscription status and other market indicators, investors can gain a clearer understanding of market sentiment, enabling smarter IPO investment strategies in India’s dynamic stock market.

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