The grey market is buzzing as investors track the latest premiums for both current and upcoming mainboard IPOs. Kusumgar IPO leads the pack with a Grey Market Premium (GMP) that implies an estimated listing gain of nearly 39%. It is followed by SBI Funds Management IPO, which commands a GMP of Rs 92 and an expected listing upside of 16%. Meanwhile, the Laser Power & Infra IPO is trading at a GMP that suggests a potential listing gain of 15-16%. In contrast, the Alpine Texworld IPO has seen muted grey market interest, with a GMP of just Rs 2, implying an estimated listing gain of around 2%.
The primary market remains active as the Kusumgar IPO and Laser Power & Infra IPO are currently open for subscription. Investor focus is also shifting to next week's biggest offering, the Rs 11,693-crore SBI Funds Management IPO, alongside the Rs 126.25-crore Alpine Texworld IPO, with both issues set to open for subscription on the same day.
