Welcome back to EliteBulletin’s Daily IPO GMP Roundup, your ultimate destination for unvarnished, real-time insights into the primary market. If you’ve been tracking the boards closely over the last few sessions, you already know that sentiment is shifting rapidly. With several high-profile issues currently open for bidding, investors are scrambling to separate the multibagger winners from the absolute traps.
Today, we are taking a deep dive into the latest Grey Market Premiums (GMP), subscription statuses, and market momentum to help you decide where to deploy your capital before the window slams shut on October 5, 2026.
Current Market Sentiment: Is the Greed Turning to Fear?
The overall mood in the IPO street can best be described as cautiously observant. While a few counters initially sparked excitement earlier in the week, recent GMP trends reveal a sharp cooling-off period. Speculators appear to be taking a step back, and subscription numbers across the board indicate that retail and institutional buyers are doing their homework rather than blindly chasing listings.
Let’s break down how the active contenders are performing right now.
Spotlight on Active IPOs: Who’s Winning and Who’s Flatlining?
1. Vishal Nirmiti Limited (VNL)
- Issue Price: Rs. 208 to Rs. 220
- Bidding Dates: Sept 30, 2026 – Oct 05, 2026
- Total Subscription: ~0.44x
- Current Real GMP: Rs. 0
The Story: Vishal Nirmiti Limited was once the talk of the town, experiencing a thrilling spike in its grey market premium up to Rs. 35 on October 1st. However, the momentum has completely evaporated. With the current GMP crashing down to Rs. 0 and a sluggish subscription rate of just 0.44x as it heads into its final days, buyers need to tread extremely carefully here.
2. Nityas Gems and Jewellery Limited (NITYAS)
- Issue Price: Rs. 70 to Rs. 75
- Bidding Dates: Sept 30, 2026 – Oct 05, 2026
- Total Subscription: ~0.43x
- Current Real GMP: Rs. 0
The Story: Much like VNL, Nityas Gems and Jewellery enjoyed modest early interest with a GMP hovering around the Rs. 5 to Rs. 9 mark late last week. Fast forward to today, and that premium has completely vanished, sitting flat at Rs. 0 alongside a subdued subscription status of 0.43x.
3. Eventions Limited (SME IPO)
- Issue Price: N/A (SME Segment)
- Bidding Dates: Sept 30, 2026 – Oct 05, 2026
- Total Subscription: ~1.75x
- Current Real GMP: Rs. 0
The Story: While the mainboard issues are struggling to capture investor imagination, the SME segment is showing signs of life. Eventions Limited has pulled ahead in terms of demand, crossing a healthy 1.75x subscription. Despite a current grey market premium of Rs. 0, the higher relative interest shows that risk-appetite capital is trickling into niche SME plays.
Where Is the Momentum Today?
To put it bluntly: The momentum has hit a massive speed bump. With all major active tracking names—including Vishal Nirmiti and Nityas Gems—seeing their GMPs plummet to zero after early-week volatility, the grey market is signaling a lack of listing-gain conviction.
If you are planning to bid before the closing bell on October 5, 2026, make sure your decisions are driven by fundamental business value rather than fleeting grey market hype. Stay tuned to EliteBulletin for live updates as closing day approaches!
