Current Market Activity
- Total Issues in Market: 13 (1 Mainboard, 2 SME, 8 Rights, 2 NCDs)
- Grey Market Sentiment: Sluggish, with zero premium for two mainboard IPOs (REIT and InvIT), but increasing interest in Mehul Telecom.
🔍 Upcoming & Ongoing IPOs
📅 Mainboard IPOs
Mainboard IPOs
| IPO Name | Issue Size | Price Band (₹) | Subscription Status | Listing Date |
|---|---|---|---|---|
| Citius Transnet InvIT | 1,105 Cr | 99–100 | 0.69x (Day 1) | April 29, 2026 |
| Property Share REIT | 244.65 Cr | 10–10.5 Lakh | 1.33x (Final Day) | April 24, 2026 |
| Om Power Transmission | 150 Cr | 175 | Listed (April 17) | +6.29% Premium |
📅 SME IPOs
SME IPOs
| IPO Name | Issue Size | Price Band (₹) | Subscription Status | Listing Date |
|---|---|---|---|---|
| Mehul Telecom | 28 Cr | 96–98 | 3.64x (Day 1) | April 24, 2026 |
| Leapfrog Engineering | 89 Cr | 21–23 | Opens April 23, 2026 | April 30, 2026 |
| Safety Control | - | - | Listed (April 13) | +3.75% Premium |
| Emiac Techno | - | - | Listed (April 13) | +10% Premium |
📅 Rights Issues & NCDs
- Rights Issues: 7 in market (including Gujarat Cotex, Automobile Products)
- NCDs:
- ICL Fincorp: April 10–24, 2026
- Capri Global: April 15–28, 2026
📉 Grey Market Premium (GMP) & Kostak Rates
Grey Market Premium & Kostak Rates
| IPO Name | Lot Size | GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|---|
| Mehul Telecom | 1,200 | 3–4 | 4,000 | - |
| Leapfrog Engineering | 6,000 | 3–3.5 | 15,000 | - |
| Citius Transnet InvIT | - | 0 | - | - |
| Property Share REIT | - | 0 | - | - |
Note: Grey market activity is unofficial and indicative of investor sentiment, not a guarantee of listing performance.
📈 Recent Listings & Performance
Recent Listings & Performance
| IPO Name | Listing Date | Issue Price (₹) | Listing Price (₹) | Day 1 Gain (%) |
|---|---|---|---|---|
| Om Power Transmission | April 17, 2026 | 175 | 181.10 | +6.29 |
| Safety Control | April 13, 2026 | 80 | 83.00 | +3.75 |
| Emiac Techno | April 13, 2026 | 98 | 107.80 | +10.00 |
🔎 Key Observations & Insights
- Mainboard IPOs: Citius Transnet InvIT and Property Share REIT saw muted grey market interest, listing gains remain uncertain.
- SME IPOs: Mehul Telecom and Leapfrog Engineering are attracting strong investor interest, reflected in high subscription and grey market premiums.
- Rights & NCDs: Multiple rights issues and NCDs are open, offering alternative investment avenues.
- SEBI Approvals: Vishal Nirmiti (₹125 Cr) and Arohan Financial (₹1,400 Cr) IPOs are in the pipeline.
⚠️ Investor Advisory
- Do not subscribe to IPOs solely based on grey market premium.
- Always check company fundamentals, financials, and market conditions before investing.
- Grey market trading is unofficial and carries high risk.
