November 17, 2025
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IPO GMP Live Updates
Last Updated: 5.01 PM, 17 November 2025
IPO GMP Live – At a Glance
| IPO | GMP | Hotness | Expected Listing price | Gains | offer price |
| Rs. | Rs. | % | Rs. | ||
| ExcelSoft | 16 | 🔥🔥 | 136 | 13.33 | 120 |
| Capillary | 26 | 🔥 | 603 | 4.51 | 577 |
| Fujiyama | 2 | 230 | 0.88 | 228 | |
| Tenecco | 122 | 🔥🔥🔥 | 519 | 30.73 | 397 |
| PhysicsWallah | 11 | 🔥 | 120 | 10.09 | 109 |
| Emmvee | 0 | 217 | 0 | 217 | |
| SME IPOs | |||||
| Gallard Steel | 11 | 🔥 | 161 | 7.33 | 150 |
| Workmates | 88 | 🔥🔥🔥 | 294 | 44.12 | 204 |
| 👉Detailed Insight-Kostak-S2b given below | |||||
GREY MARKET – EVENING REPORT
Excelsoft (Mainboard | Price: Rs.120)
Grey market premium has finally begun showing early signs of activity with Rs. 16 trades recorded across Mumbai, Rajkot, Ahmedabad and Kolkata.Some profit booking observed in the afternoon.
The IPO is yet to open, but traders across all centres continue to remain highly bullish, expecting a sharp spurt once bidding opens.
Capillary (Mainboard | Price: Rs.577)
GMP remained steady around Rs. 26 throughout the day, though premium volumes were small.
Subscription today stood at 0.28×, and operators are active to provide support on the last day.
Trend remains positive but cautious.
Fujiyama (Mainboard | Price: Rs.228)
Once the IPO is subscribed; GMP started at Rs. 2 at few centers.
Last-day subscription was unimpressive (2.10×), resulting in weak listing expectations.
Tennecoo (Mainboard | Price: Rs.397)
GMP remained highly active in Mumbai, Rajkot, Delhi, Gandhidham, Jaipur, Now at Rs.122
With massive 60.94× subscription, traders expect bumper subscription to continue tomorrow.
However, insiders now fear a sharp GMP crash from tomorrow as the IPO is fully subscribed and no further “GMP support” is required.
Mood remains bullish but nervous.
PhysicsWallah (Mainboard | Price: Rs.109)
Allotted Applications rates are now LIVE. GMP steadily improved to Rs. 11.
Subscription at 1.92×, and sentiment is improving due to Groww’s sharp post-listing surge, creating renewed fancy.
Expectations now shifting towards an unexpected bumper listing.
Emmvee (Mainboard | Price: Rs.217)
No major GMP activity yet.
Subscription reached 1.02×, and traders expect a positive listing once momentum picks up.
Gallard Steel (SME | Price: Rs.150)
GMP stable at Rs. 11 in Rajkot, Delhi and Jaipur, with IPO yet to open.
Fancy is building gradually.
Workmates (SME | Price: Rs.206)
Strong fancy continues with GMP at Rs. 92 throughout the day across Rajkot, Gandhidham and Jaipur.
With a massive 141.38× subscription, solid listing gains are expected.
Mahamaya (SME | Price: Rs.114)
No GMP activity (Rs. 0).
Subscription stood at 1.63×, and trend looks moderate.
⏰ Next IPO GMP live update @ 8.01 PM today
Detailed Report on IPO GMP
| Gallard Steel NSE SME | Opens on 19 Nov. | |||
| Size Rs.26.14 Cr Net | GMP | 11 | ||
| Price Rs.150 Lot 1200 | Sub2 | 8,400 | ||
| Op-19 Nov Close- 21 Nov All-24 Nov Li-26 Nov. | ||||
| Excelsoft IPO | Opens – 19 Nov | |||
| GMP Rs. 16 | ||||
| Size Rs.500 Cr. | – | Application | Sub2 | |
| Price Rs.120 Lot 125 | Retail | – | 1,500 | |
| Open 19/11 Close 21/11 | S HNI | – | 21,000 | |
| Al 24/11 List 26/11 | B HNI | – | 21,000 | |
| 👉Mysuru, Karnataka, 👉A global vertical SaaS company specialising in the learning and assessment market |
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| Capillary Technologies IPO | Open | |||
| Avoid | GMP Rs. 26 | |||
| Size Rs.877.50 Cr. | – | Application | Sub2 | |
| Price Rs.577 Lot 25 | Retail | – | 500 | |
| Open 14/11 Close 18/11 | S HNI | – | 7,000 | |
| Al 19/11 List 21/11 | B HNI | – | 7,000 | |
| 👉Bengaluru 👉a leading SaaS-based customer loyalty and engagement solutions provider |
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IPO GMP – Closed IPO
| Fujiyama Power IPO | Open | |||
| Avoid | GMP Rs. 2 | |||
| Size Rs.2,880 Cr. | – | Application | Sub2 | |
| Price Rs.228 Lot 65 | Retail | – | – | |
| Open 13/11 Close 17/11 | S HNI | – | – | |
| Al 18/11 List 20/11 | B HNI | – | – | |
| 👉Delhi 👉a leading manufacturer in the rooftop solar power systems |
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| Tenneco Clean Air IPO | Allotment today | |||
| IPO Details & Review | GMP Rs. 122 | |||
| Size Rs.3600 Cr. | 🔥🔥🔥 | Application | Sub2 | |
| Price Rs.397 Lot 37 shares | Retail | 950 | 3,400 | |
| Open 12/11 Close 14/11 | S HNI | – | 47,600 | |
| Al 17/11 List 19/11 | B HNI | 5,500 | 47,600 | |
| 👉Tamilnadu 👉Designs and manufactures clean air and powertrain systems |
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| Physicswallah IPO | Listing – 18 Nov. | |||
| IPO Details & Review | GMP Rs.11 | |||
| Size Rs.3480 Cr. | Allotted | Sub2 | ||
| Price Rs.109 Lot 137 shares | Retail | 1050 | 0 | |
| Open 11/11 Close 13/11 | S HNI | 0 | 0 | |
| Al 14/11 List 18/11 | B HNI | 15300 | 0 | |
| 👉Noida UP 👉 One of edtech companies |
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| Emmvee Photovoltaic IPO | Listing – 18 Nov. | |||
| IPO Details & Review | GMP Rs. 0 | |||
| Size Rs.2900 Cr. | 🔥 | Application | Sub2 | |
| Price Rs.217 Lot 69 shares | Retail | – | -0 | |
| Open 11/11 Close 13/11 | S HNI | – | – | |
| Al 14/11 List 18/11 | B HNI | – | – | |
| 👉Bengaluru, Karnataka 👉 An integrated solar PV module and cell manufacturer |
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| Workmates Core2Cloud BSE SME | Listing – 18 Nov. | |||
| Size Rs. 66.34 Cr Net | GMP | 88 | ||
| Price Rs.204 Lot 600 | Sub2 | 40,100 | ||
| Op-11 Nov Close- 13 Nov All-14 Nov Li-18 Nov. | ||||
| Mahamaya Lifescience BSE SME | Listing – 18 Nov. | |||
| Size Rs.70.44 Cr Net | GMP | 0 | ||
| Price Rs.114 Lot 1200 | Sub2 | 0 | ||
| Op-11 Nov Close- 13 Nov All-14 Nov Li-18 Nov. | ||||
| Pine Labs IPO | Listed – Rs.242 | |||
| IPO Details & Review | 🔥 | GMP Rs. 5.50 | ||
| Size Size Rs.3899.91 Cr. | Apply | Application | Sub2 | |
| Price Rs.221 Lot 67 shares | Retail | – | 300 | |
| Open 7/11 Close 11/11 | S HNI | – | 4,000 | |
| Al 12/11 List 14/11 | B HNI | 0 | 4,000 | |
| 👉Gurgaon👉 India’s leading merchant commerce platform | ||||
| Curis Life Sciense NSE SME | Listed – Rs.146.10 | |||
| Size Rs.26.14 Cr Net | GMP | 9 | ||
| Price Rs.128 Lot 1200 | Sub2 | 8,200 | ||
| Op-7 Nov Close- 11 Nov All-12 Nov Li-14 Nov. | ||||
| Finbud Financial NSE SME -👎🏾 | Listed- Rs. 157 | |||
| Size Rs.68.09 Cr Net | GMP | 11 | ||
| Price Rs.142 Lot 1200 | Sub2 | 10,000 | ||
| Op-6 Nov Close- 10 Nov All-11 Nov Li-13 Nov. | ||||
| Groww IPO | Listed – Rs. 112 | |||
| IPO Details & Review | 🔥 | GMP Rs. 4.50/5 | ||
| Size Rs.6632.30 Cr. | Hold | Allotted | Sub2 | |
| Price Rs.100 Lot 150 shares | Retail | 670 | – | |
| Open 4/11 Close 7/11 | S HNI | – | – | |
| Al 10/11 List 12/11 | B HNI | 9400 | – | |
| 👉Bangalore Urban👉 direct-to-customer digital investment platform | ||||
| Shreeji Global FMCG NSE SME | Listed – Rs. 100 | |||
| Size Rs.27.17 Cr Net | GMP | 0 | ||
| Price Rs.125 Lot 1000 | Sub2 | 0 | ||
| Op- 4 Nov Close- 7 Nov. All-10 Nov Li-12 Nov. | ||||
| Lensekart IPO -👎🏾 | Listed – Rs. 395 | |||
| IPO Details & Review | Minus listing | GMP Rs. 6 | ||
| Size Rs.7128 Cr. | feared | Allotted | Sub2 | |
| Price Rs.402 Lot 37 | Retail | 200 | – | |
| Open 31/10 Close 4/11 | S HNI | – | – | |
| Al 6/11 List 10/11 | B HNI | 2800 | – | |
| 👉New Delhi👉a technology-driven eyewear company | ||||
| Studds Accessories IPO | Listed – Rs. 565 | |||
| IPO Details & Review | 🔥🔥 | GMP Rs. 55 | ||
| Size Rs.455.69 Cr. | Apply | Allotted | Sub2 | |
| Price Rs.585 Lot 25 | Retail | 850 | – | |
| Open 30/10 Close 3/11 | S HNI | – | – | |
| Al 4/11 List 7/11 | B HNI | 11,900 | – | |
| 👉Faridabad👉leading manufacturer of two-wheeler helmets | ||||
| Infosys Buyback |
| Investsment upto Rs. 2 L |
| Fix Rs. 11000 |
| After 30 Days 18% ROI |
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IPO Grey Market Premium
The IPO GMP, also known as the grey market premium, is trending for Mainboard and SME IPOs: Lenskart Solutions, Safecure Services, Shreeji Global FMCG, Finbud Financial, Curis Lifesciences, Pine Labs, Mahamaya Lifesciences, Workmates Core2Cloud Solution, Tenneco Clean Air, and more. Check out the upcoming IPO GMP today with updated rates here.
Grey Market Premium
In spite of no such fancy in Groww IPO, you were confident about good lising and same patter has been observed. Congrats for your sharp analysis.
Your 8-pm Grey market report is excellent.No website provides such detailed information. Well done.
Adequate subscription not expected in Fujiyama and Capillary, since both IPOs donot have any fancy in the grey market.
Sharp volatility continues in Tenneco IPO. Bumper listing anticipated.
Some improvement in Physicswalla seen in retail category.