Chanakya Grey Market Intelligence

(Pan-India Grey Market Insights – Compiled by Chanakya Research Desk)

Meesho IPO – Mainboard

GMP stayed firm at Rs. 42.5, with aggressive buying seen in Mumbai, Jaipur, Delhi, Bengaluru and Ahmedabad. Operators say demand remains strong even before subscription opens. At Rs. 111 issue price, the indicative listing price is around Rs. 153–155. Strong fancy continues across centers.

Aegus IPO – Mainboard

GMP closed at Rs. 42.5, with equally strong buying interest similar to Meesho. Fundamentals are being termed “extra strong,” attracting early operator accumulation in major metros. At Rs. 124 issue price, the indicative listing price is around Rs. 166–168. Premium expected to rise tomorrow as IPO nears opening on 3 December.

Vidya Wires IPO – Mainboard

GMP slipped to Rs. 10, matching fears that premium will fall once full subscription builds up. Despite strong fundamentals and accumulation in Rajkot–Ahmedabad–Jaipur, traders expect further decline in GMP levels. At issue price Rs. 52, indicative listing may hover near Rs. 60–62, but trend remains weak for now.

Luxury Time IPO

Premium improved to Rs. 15, driven mainly by activity in Rajkot. Fancy is slowly building up after a muted start. At issue price Rs. 82, the indicative listing price stands near Rs. 97. Sentiment mildly positive.

Helloji IPO

GMP held steady at Rs. 14, consistent through the day with small but stable volumes. Operators say fancy is moderate but sustained. Indicative listing price works out near Rs. 22. No major shift expected overnight.

Neochem IPO

GMP stable at Rs. 9, with only light trades occurring in Jaipur. Sentiment is neutral, though steady accumulation continues. At Rs. 98 issue price, indicative listing near Rs. 107. Flat-to-positive tone expected.

Astron SME IPO

GMP firm at Rs. 12, after picking up momentum post-noon. Subscription reached 0.71x, showing early traction. Indicative listing near Rs. 75 versus issue price Rs. 63. Sentiment improving steadily.

Invicta SME IPO

No premium activity yet; GMP remained at 0 throughout the day. Subscription at 0.54x, with cautious sentiment across centers. Operators monitoring last-day movement for direction.

Clear Secured SME IPO

GMP surged from Rs. 10 to Rs. 13 by evening. Subscription modest at 0.64x. Price and lot still not announced, increasing hesitation among traders. Operators expect sideways movement until full details are declared.

Ravelcare SME IPO

Very strong trend with GMP stable at Rs. 52. Good buying action reported in Rajkot and Gandhidham. Subscription at 15.50x indicates strong demand. At Rs.130 issue price, indicative listing near Rs. 182. Fancy remains high.

Exato IPO

One of the strongest performers today. GMP solid at Rs. 150, with high enthusiasm in Ahmedabad, Mumbai, Delhi & Jaipur. Subscription has already hit 299.90x—bumper response from all investor categories. At Rs. 140 issue price, indicative listing near Rs. 220–230. Further rise expected tomorrow.

Logiciel SME IPO

No premium activity; GMP at 0. Subscription stands at 1.48x, showing decent interest despite no grey-market movement. Trend neutral.

Purpleware SME IPO

GMP continues at 0, though subscription reached 1.35x. Retail participation is expected to pick up tomorrow. Neutral fancy across centers.

KK Silk Mills SME IPO

No activity in GMP; operators stated no fancy at current pricing. Watching subscription trend for any shift tomorrow.

Mother Nutrifoods SME IPO

No premium trades recorded; GMP at 0. Trend stable but without operator interest yet.

SSMD Agrotech SME IPO

Morning GMP at Rs. 5, but completely dried up to 0 by evening. Operators booked profits early, leading to a muted close. Subscription trend will decide tomorrow’s tone.

Market Summary Notes

Aegus expected to spike sharply tomorrow ahead of IPO opening.
Exato continues to dominate with high fancy & exceptional subscription.
Vidya Wires correction in GMP confirms trader warnings; further fall possible.

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