The primary market is set for another busy week, with several new IPOs opening for subscription. In the list of 15 IPOs, Kanohar Electricals Limited has the highest reported grey market premium (GMP) at ₹190 per share, followed by Prasol Chemicals at ₹125 and Rentomojo at ₹79.
Kanohar Electricals is scheduled to open its ₹1,055.74 crore mainboard IPO on September 8, with a price band of ₹601–₹632 per share.
Prasol Chemicals is also scheduled to open on September 8, with a price band of ₹643–₹676 per share. Its reported GMP has been volatile, with different trackers showing varying figures, highlighting why GMP should be treated only as an unofficial market indicator.
Among the IPOs in the supplied list, Kanohar Electricals currently tops the GMP chart at ₹190. Pranav Constructions, which opened on September 7, has also attracted strong grey-market interest, although its reported GMP varies across sources.
IPO GMP List
IPO Reported GMP
Kanohar Electricals ₹190
Prasol Chemicals ₹125
Rentomojo ₹79
Glass Wall Systems (India) ₹65
Karamtara Engineering ₹50
Pranav Constructions ₹27
Veegaland Developers ₹22
Mtech Esters ₹5
Apna Logistics ₹3
Infrax Renewable ₹0
Vinod Texworld ₹0
Manipal Payment and Identity Solutions ₹0
Steamhouse India ₹0
LCC Projects ₹0
Asset Reconstruction Company (India) Not available
Which IPO has the highest GMP?
Based on the figures in this list, Kanohar Electricals has the highest GMP at ₹190 per share. At the ₹632 upper price band, that represents a reported grey-market premium of roughly 30%. However, GMP is unofficial, unregulated and can change before listing; it should not be treated as a guaranteed listing gain.
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