IPO GMPs: Globe Civil, HDB Financial, Kalpataru IPOs In Focus, Grey Market Signals Strong Investor Interest

Mumbai: The IPO market is buzzing again this week, with six new IPOs hitting the primary market. Investors are closely watching HDB Financial Services, Globe Civil Projects, Kalpataru, Sambhv Steel Tubes, Indogulf Cropsciences, and Ellenbarrie Industrial Gases.

While subscription levels are still building up, the grey market premium (GMP) trends are showing signs of strong interest and possibly good listings ahead.

Globe Civil Projects IPO – GMP: Rs 15

Globe Civil Projects’ GMP stands at Rs 15, suggesting investors are willing to pay more than the IPO price of Rs 71. Based on the premium, the estimated listing price could be Rs 86, which is 21.13 percent higher than the issue price.

Experts say that GMP has steadily gone up over the last 12 sessions. This hints at strong investor confidence.

HDB Financial Services IPO – GMP: Rs 50.5

HDB Financial’s GMP is much higher at Rs 50.5. With an IPO price of Rs 740, the expected listing price is about Rs 790.5, a 6.82 percent gain.

The GMP has touched a high of Rs 104.5 in the past and is currently trending up, which could point to a strong opening once it lists.

Kalpataru IPO – GMP: Rs 3

Kalpataru's IPO is seeing a smaller grey market buzz, with a GMP of Rs 3. This would bring the estimated listing price to Rs 417, just 0.72 percent above the issue price of Rs 414.

Though modest, the GMP has been slowly rising over the last 14 sessions, suggesting a stable listing outlook.

Other IPOs at a Glance

Ellenbarrie Industrial Gases IPO has a GMP of Rs 19, showing a potential 4.75 percent listing gain.

Sambhv Steel Tubes IPO GMP is Rs 10, indicating a possible 12.20 percent listing upside.

Indogulf Cropsciences IPO GMP stands at Rs 11, estimating a listing at Rs 122 (9.91 percent higher).

What Does GMP Mean?

The grey market premium shows how much investors are ready to pay above the IPO price before official listing. A rising GMP is often seen as a sign of strong demand.

Market Outlook

Experts say the IPO market is seeing strong momentum, thanks to good economic indicators, liquidity, and positive investor sentiment. With more IPOs lined up, the coming weeks could stay busy for investors and analysts alike.

(Disclaimer: The information provided in this article is for informational purposes only and should not be considered as investment advice or a recommendation to buy, sell, or hold any securities. Grey market premiums (GMPs) are unofficial, unregulated indicators and can be highly volatile. Investors are strongly advised to consult with certified financial advisors before making any investment decisions. Neither the author nor the platform is responsible for any financial losses arising from investments made based on this information.)