Are you tracking the Indian primary stock market and looking for the latest Upcoming IPO GMP List? The Indian Initial Public Offering (IPO) market is experiencing a massive wave of activity, featuring high-profile mainboard issues and dynamic SME listings.
This fully SEO-optimized guide provides a comprehensive summary of upcoming IPOs, live Grey Market Premium (GMP) trends, key dates, price bands, and an actionable checklist for smart investing.
What is an IPO GMP List and Why Does It Matter?
Before diving into the active calendar, it helps to understand the metrics that drive retail interest:
- GMP (Grey Market Premium): The unofficial amount investors are willing to pay above the official IPO issue price. A high positive GMP suggests strong listing-day gains, while a negative or zero GMP signals caution.
- Mainboard vs. SME IPOs: Mainboard issues involve larger companies with higher capital requirements, whereas SME (Small and Medium Enterprises) cater to smaller growth firms with larger minimum lot sizes and higher volatility.
Complete Summary: Upcoming Mainboard & SME IPOs (Late September 2026)
The market calendar features several prominent companies opening for bidding this week. Below is the consolidated schedule alongside indicative grey market sentiment:
| Company Name | IPO Type | Open Date | Close Date | Price Band (₹) | Estimated GMP (₹) |
| Moneyview Ltd. | Mainboard | Sep 24, 2026 | Sep 28, 2026 | 32 – 34 | +₹11 |
| A-One Steels India Ltd. | Mainboard | Sep 24, 2026 | Sep 28, 2026 | 385 – 405 | +₹50 |
| Acevector Ltd. | Mainboard | Sep 25, 2026 | Sep 29, 2026 | 30 – 32 | ₹0 |
| German Green Steel and Power Ltd. | Mainboard | Sep 25, 2026 | Sep 29, 2026 | 132 – 139 | +₹15 |
| Orient Cables India Ltd. | Mainboard | Sep 25, 2026 | Sep 29, 2026 | 258 – 272 | +₹34 |
| Runwal Enterprises Ltd. | Mainboard | Sep 25, 2026 | Sep 29, 2026 | 290 – 305 | +₹18 |
| Himalayan Solar Ltd. | SME | Sep 25, 2026 | Sep 29, 2026 | 98 – 103 | ₹0 |
| Sai Urja Indo Ventures Ltd. | SME | Sep 25, 2026 | Sep 29, 2026 | 107 – 113 | ₹0 |
(Note: GMP figures fluctuate constantly based on overall market sentiment, institutional subscription numbers, and liquidity changes. Always cross-verify live values before application.)
Sector Breakdown & Market Trends
- Fintech and Digital Expansion: Companies like Moneyview highlight continued investor enthusiasm for financial technology platforms scaling digital credit and consumer services in India.
- Manufacturing & Infrastructure Growth: Heavyweights such as A-One Steels, Orient Cables, and German Green Steel underline steady capital deployment toward core industrial sectors, renewable energy components, and power infrastructure.
- Real Estate Re-emergence: Established real estate players like Runwal Enterprises returning to public markets show strong institutional appetite for property development asset monetization.
Smart Investor Checklist: How to Evaluate an IPO
Chasing high grey market premiums blindly can lead to capital erosion. Before applying for any upcoming issue, ensure you follow this due diligence framework:
- Examine Financial Fundamentals: Look at revenue growth, operating margins, and net profits over the past three fiscal years via the Red Herring Prospectus (RHP).
- Assess Debt Levels: Prioritize companies using fresh issue proceeds for working capital or debt reduction over those where capital primarily funds promoter exits (Offer for Sale).
- Monitor Institutional Bidding: Pay close attention to QIB (Qualified Institutional Buyer) and NII (Non-Institutional Investor) subscription rates on the final day of bidding. High institutional backing is a much safer indicator than unverified grey market hype.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice. Grey market data is entirely speculative and unregulated. Consult a SEBI-registered financial advisor before investing in any stock or IPO.