August 20, 2025
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Live SME IPO Listing Estimates
The Live listing estimates provided below can be highly useful for investors. They help you plan in advance whether to hold, book listing gains, or exit the allotted shares. A careful look at these estimates will enable you to make informed and timely decisions on the listing day.
Mahendra Realtors IPO Listing Estimate
| Size Rs. 46.97 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 43.57 | 27.02 | 25.59 | 25.15 | 29,971 |
| Listing Estimate. the IPO has received reasonably good subscription. However in absence of fancy in the grey market, the listing is expected to be at par or at discount. |
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Icodex Publishing IPO Listing Estimate
| Size Rs. 39.93 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 33.08 | 1.58 | 4.67 | 3.95 | 4105 |
| Subscription Review: Till second day of the subscription, the IPO could garner very low subscriptions. However on the last day,with the support of the institutions, it generated 3.95T subscription. However the fancy in the grey market evoperated and now the listing is expected to be at PAR or at discount |
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Star Imaging IPO Listing Estimate
| Size Rs. 62.65 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 12.85 | 4.38 | 2.32 | 5.67 | 2,243 |
| Listing price Estimate The IPO received not so impressive subscription. The number of applications is only 2,243 and there are no premium trades seen in the grey market. Though the company has good fundamentals, the IPO is expected to list around Rs. 142, marginally plus or minus. |
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ANB Metak Cast IPO Listing Estimate
| Size Rs. 46.80 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.04 | 4.29 | 2.39 | 2.22 | 1,774 |
| Listing price Estimate The IPO received not so impressive subscription. The number of applications is only 1,774 and there are no premium trades seen in the grey market. Though the company has good fundamentals, the IPO is expected to list around Rs. 156, marginally plus or minus. |
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Medistep IPO Listing Estimate
| Size Rs. 15.29 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| – | 289.15 | 461.11 | 382.14 | 166,129 |
| Listing price Estimate The size of the IPO was not very large, however looking to the number of the applications, the IPO has received impressive support of the investors. The grey market premium is moving around Rs. 8. Considering issue price of Rs. 43, the share of this IPO are expected to get listing at Rs. 52/54 |
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| CFF Fluid IPO Listing Estimate Subscription status |
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| QIB | NII x | RII x | Total x | Applications |
| – | 10.06 | 6.34 | 8.45 | 15,261 |
| Estimate of Listing price: Despite strong fundamentals and impressive profitability over the past three years, the FPO has seen a relatively muted subscription response. In the grey market, the issue is commanding a premium of Rs. 27 compared to the current market price of Rs. 625. The new shares are likely to list around Rs. 620. Over the next few months, the stock is expected to scale up to around Rs. 820. Investors may consider holding the shares. |
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| Cryogenic OGS IPO Listing Estimate Subscription status |
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| QIB | NII x | RII x | Total x | Applications |
| 209.59 | 1155.38 | 773.70 | 694.90 | 191,388 |
| Estimate of Listing price As can be seen from the subscription status given above, the IPO has received very strong subscription support from all the categories. It commands premium of Rs. 32 in the grey market. Compared to the issue price of Rs. 47, the scrip is expected to get listed at Rs. 68 to 74. |
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| White Force IPO Listing Estimate Subscription Status |
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| QIB | NII x | RII x | Total x | Applications |
| 7.16 | 2.24 | 2.12 | 3.58 | 743 |
| Estimate of Listing price A glance at the subscription figures clearly shows that the IPO managed to sail through primarily due to QIB support. The latest grey market premium stands at just Rs. 5, and that too with minimal trading volume. Based on current indicators, the listing is expected in the range of Rs. 74 to Rs. 78. |
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Ganga Bath Fittings IPO Listing Estimate
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(Closed on 6 June 2025) |
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| QIB | NII x | RII x | Total x | Applications |
| 2.22 | 0.73 | 2.55 | 1.64 | 2807 |
| Estimate of Listing price The IPO has received not so impressive subscription. There is no fancy in the grey market for this IPO. Considering all these aspects, the IPO is expected to get listed in the range of Rs. 45 to 52. |
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3B Films IPO Listing price Estimate
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(Closed on 3 June 2025) Price Rs. 50 Lot 3000 shares, Rs. 33.75 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 0.85 | 2.75 | 1.80 | 4661 | |
Estimate of listing price: Incorporated in 2014 and headquartered in Vadodara, Gujarat, 3B Films Limited is a fast-growing manufacturer and supplier of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films. These high-performance films are widely used in flexible packaging and thermoforming applications, serving industries that demand innovation, clarity, and durability. The company showed sharp rise in the profits of the year just prior to the IPO. Looking to the subscription trend of the second day, the IPO is anticipated to garner oversubscription in the range of 3 to 3.50 times. but the actual subscription on the last day has been pathetic. Lead manager of the IPO is Nirbhay Capital Services Pvt ltd The IPO is expected to get listed in the range of Rs. 48 to Rs. 52. |
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Neptune Petrochemicals IPO Listing price Estimate
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(Closed on 30 May 2025) Price Rs. 122 Lot 1000 shares, Rs. 73.20 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 7.12 | 2.91 | 0.00 | 4.11 | 2564 |
| Note: The IPO received not so good response. No premium trades are seen for this IPO in the grey market. The IPO is expected to get listed in the range of Rs. 115 to 126 |
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N R Vandana IPO Listing Price Estimate
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(Closed on 30 May 2025) Price Rs. 45 Lot 3000 shares, Rs. 27.89 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 36.54 | 126.70 | 101.00 | 33766 | |
| Note: Amidst dull subscription atmosphere, this IPO received good subscription. The trades for allotted applications at Rs. 40000 are seen. Considering all the aspects, the scrip is expected to list at Rs. 58/60. |
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Blue water Logistics IPO Listing Price Estimate
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(Closed on 29 May 2025) |
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| QIB | NII x | RII x | Total x | Applications |
| 14.04 | 9.87 | 6.55 | 9.36 | 7046 |
| Listing Estimate Flow of applications was very slow and unimpressive, and the subscription is not huge. The IPO does not command premium fancy in the grey market. The IPO is expected to list in the range of Rs.120 to 140. Actual Listing @ Rs. 141 |
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Astonea Labs IPO Listing Price Estimate
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(Closed on 29 May 2025) |
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| QIB | NII x | RII x | Total x | Applications |
| 0.70 | 5.60 | 1.69 | 1.79 | 2,190 |
| Listing Price Estimate: Flow of applications was very slow and unimpressive, and the subscription is not huge. The IPO does not command premium fancy in the grey market. The IPO is expected to list in the range of Rs.120 to 140. Actual Listing @ Rs. 137.45 |
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Nikita Papers IPO Listing Price Estimate
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(Closed on 29 May 2025) |
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| QIB | NII x | RII x | Total x | Applications |
| 0.74 | 2.11 | 1.84 | 1.43 | 3,519 |
| Listing Estimate The IPO has received not so impressive subscriptions and on the second day of subscription, Withdrawl of applications were seen in some categories. Considering these aspects, we anticipated listing at Rs. 120-134. Positive listing is not expected for this IPO. Actual Listing @ Rs. 90 |
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FAQs for Listing Estimate Post
A listing estimate is the projected price range at which the IPO shares are likely to list on the stock exchange, based on company fundaments, demand, grey market trends, and market sentiment.
Listing estimates are prepared using available grey market data, subscription levels, and overall market mood. While they give a fair idea, actual listing prices may differ due to last-minute market fluctuations.
Investors can use listing estimates to plan their strategy in advance—whether to sell immediately for listing gains, hold for long-term growth, or wait for post-listing price stability.
No, listing estimates are only indicative and not a guarantee of profit. Market conditions, institutional demand, and global cues on the listing day can impact the final price.
While useful, investors should not depend only on listing estimates. It’s advisable to consider company fundamentals, long-term growth prospects, and personal risk appetite before making a decision.
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