Today is 5 November 2026. Several SME IPOs have concluded their subscription periods, while Antala Industries remains open for bidding. Maxwell Engineering Solutions Limited shows the highest interest among the closed issues, with a subscription level of 534.65 times and a grey market premium of Rs 106.50. Please note that the grey market premium is unofficial and based on market sentiment.
HGS (India) Limited also saw significant demand, reaching 231.18 times subscription with a grey market premium of Rs 29.50. In contrast, Johnsoncab Electricals, Vedant Poly Fabs, and Vectras Enprocon show lower grey market premiums or are currently trading at zero. Antala Industries, the only open issue, has been subscribed 12.72 times so far with no grey market premium reported.
Grey market premium (GMP) recorded for 6 IPOs on 5 Nov 2026. GMP is unofficial and changes through the day.
| Company | Segment | Upper band | GMP | GMP % | Status |
|---|---|---|---|---|---|
| Maxwell Engineering Solutions Limited | SME | ₹158 | +₹107 | +67.4% | Closed |
| HGS (India) Limited | SME | ₹120 | +₹30 | +24.6% | Closed |
| Johnsoncab Electricals | SME | ₹200 | +₹8 | +4.0% | Closed |
| Vedant Poly Fabs | SME | ₹94 | +₹1 | +1.1% | 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.