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The Economic Times
The Economic Times
Ritesh Presswala

Three SME IPOs open today: Ashutosh Fibre, Shanti Inorganics see strong GMP. Check key details

IPO NSE HNI KFin Technologies Ltd

The Indian SME IPO market is set for another busy week as three companies — Ashutosh Fibre, Shanti Inorganics and Phychem Technologies — open their initial public offerings for subscription today, Monday, August 31, 2026. The three-day bidding window will remain open until September 2.

Investor interest is particularly strong in the two NSE SME issues, with Ashutosh Fibre and Shanti Inorganics commanding robust grey market premiums (GMPs) ahead of their listings. Ashutosh Fibre is currently trading at a GMP of around 40%, while Shanti Inorganics is commanding a premium of about 37%. In contrast, BSE SME-bound Phychem Technologies is seeing a more modest GMP of around 5%, suggesting relatively limited listing gains.

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