Welcome back to another edition of the EliteBulletin Daily IPO GMP Roundup, your ultimate destination for real-time grey market intelligence. Primary markets are currently buzzing with activity as multiple issues vie for investors’ attention. If you are planning to deploy your capital today, you need to know which stocks are building serious momentum—and which ones are showing warning signs.
Let’s dive straight into the numbers, analyze the current grey market premiums (GMP), and see where the smart money is heading today.
Market Sentiment & Overview: What’s Driving the Primary Market?
The current IPO slate presents a mixed bag of enthusiasm and caution. While certain marquee names are attracting heavy bidding, others are struggling to gain traction as cautious investors weigh valuations against broader market volatility. Overall, the sentiment leans toward selective buying, with retail and institutional investors laser-focused on companies boasting strong fundamentals and healthy GMP margins.
Top Active IPOs: GMP Tracking & Key Stats
1. A-One Steels India Limited
Stealing the show today, A-One Steels India is the undisputed leader of the pack when it comes to absolute grey market premium.
- Issue Price: Rs.385 to Rs.405
- Current Real GMP: Rs.55 (Up from Rs.50 yesterday)
- Lot Size: 37 shares
- Bidding Window: 24-Sep-2026 to 28-Sep-2026
Verdict: With its GMP climbing steadily from Rs.50 to Rs.55, A-One Steels is displaying rock-solid momentum. Investors are clearly bullish on this offering.
2. ArMee Infotech Limited
Tech and infotech plays usually attract high retail interest, but ArMee Infotech is currently experiencing a slight cool-off.
- Issue Price: Rs.350 to Rs.375
- Current Real GMP: Rs.51 (Down from Rs.55 yesterday)
- Lot Size: 40 shares
- Bidding Window: 23-Sep-2026 to 25-Sep-2026
- Total Subscription: ~0.39x
Verdict: Is it crashing? While not a total crash, ArMee Infotech is seeing minor weakness. Its GMP slipped from Rs.55 to Rs.51, and with subscription sitting below 0.39x as it nears its close date on September 25, potential bidders need to tread carefully.
3. Adroit Industries (India) Limited
Adroit Industries is quietly turning heads with impressive early subscription numbers.
- Issue Price: Rs.126 to Rs.134
- Current Real GMP: Rs.34 (Holding steady)
- Lot Size: 111 shares
- Bidding Window: 23-Sep-2026 to 25-Sep-2026
- Total Subscription: ~3.06x
Verdict: Momentum is high here! Having already crossed a 3x subscription rate while maintaining a stable GMP of Rs.34, Adroit Industries is a strong contender for listing gains as its bidding window closes tomorrow.
4. Moneyview Limited
A household name in the fintech space, Moneyview Limited opened recently with moderate expectations.
- Issue Price: Rs.32 to Rs.34
- Current Real GMP: Rs.14 (Up from Rs.11 yesterday)
- Lot Size: 441 shares
- Bidding Window: 24-Sep-2026 to 28-Sep-2026
Verdict: Though the absolute GMP is on the lower side due to the smaller issue price band, it is heading in the right direction, ticking up from Rs.11 to Rs.14. It offers a larger lot size, making it a heavily volume-driven bet.
5. Swastika Infra Limited
Infrastructure plays are seeing a lukewarm response in the current cycle.
- Issue Price: Rs.175 to Rs.185
- Current Real GMP: Rs.9.5 (Up slightly from Rs.8)
- Lot Size: 81 shares
- Bidding Window: 23-Sep-2026 to 25-Sep-2026
- Total Subscription: ~0.79x
Verdict: Swastika Infra is struggling to cross the fully subscribed threshold at just 0.79x. Although its GMP bumped up slightly to Rs.9.5, it remains in the “slow mover” category.
Where is the Momentum Today?
If you are looking for where the smart money is placing its bets, the clear winners are A-One Steels India (for raw GMP strength) and Adroit Industries (for explosive subscription demand crossing the 3x mark). On the flip side, keep a close watch on ArMee Infotech, as cooling premiums and lagging subscription numbers suggest investors are hesitating before the final bell.
Disclaimer: Grey Market Premium (GMP) is purely unofficial and based on market speculation. EliteBulletin advises all investors to consult a certified financial advisor and thoroughly read the Red Herring Prospectus (RHP) before bidding on any IPO.
