Today, 4 November 2026, the primary market features mixed activity across both mainboard and SME segments. Maxwell Engineering Solutions Limited stands out among the closed SME issues with a subscription of 534.65 times and a grey market premium (GMP) of Rs 76.00. In contrast, HGS (India) Limited also saw strong interest with a subscription of 231.18 times and a GMP of Rs 23.00. Please note that the GMP is unofficial and reflects market sentiment only.
Regarding ongoing issues, Vedant Poly Fabs remains open for subscription with a current GMP of Rs 11.00. Antala Industries is also open but currently shows no GMP. Meanwhile, Bombay Coated and Special Steels Limited, the only mainboard issue in this list, closed with a subscription of 60.77 times and a GMP of Rs 8.50. Other closed SME issues like Johnsoncab Electricals and Vectras Enprocon show lower or zero GMP figures.
Grey market premium (GMP) recorded for 7 IPOs on 4 Nov 2026. GMP is unofficial and changes through the day.
| Company | Segment | Upper band | GMP | GMP % | Status |
|---|---|---|---|---|---|
| Maxwell Engineering Solutions Limited | SME | ₹158 | +₹76 | +48.1% | Closed |
| HGS (India) Limited | SME | ₹120 | +₹23 | +19.2% | Closed |
| Vedant Poly Fabs | SME | ₹94 | +₹11 | +11.7% | Open |
| Bombay Coated and Special Steels Limited | Mainboard | ₹82 | +₹9 | +10.4% | Closed |
| Johnsoncab Electricals | SME | ₹200 | +₹8 | +4.0% | Closed |
| Antala Industries | SME | ₹67 | ₹0 | 0.0% | Open |
| Vectras Enprocon | SME | ₹105 | ₹0 | 0.0% | Closed |
What GMP is, and what it is not
GMP is the premium at which IPO shares change hands in an informal, unregulated market before listing. It is not an exchange price and is often wrong. See how accurate GMP has been.
This digest is compiled automatically from exchange filings and public data. It is not research and not advice. Investment in securities market is subject to market risks. Read all related documents carefully before investing. GMP (grey market premium) is unofficial and not guaranteed. Everything on this site is for education and information only, not investment advice.