11 SME IPOs Are Active Currently: Check GMP, Subscription Status

India's SME IPO market remains abuzz with activity, as 11 SME IPOs are currently open for subscription across the NSE SME and the BSE SME platforms.

Rama Telecom, Suntech Infra, Moving Media, other SME IPOs: Latest GMP Subscription Status.

India’s SME IPO market remains abuzz with activity, as 11 SME IPOs are currently open for subscription across the NSE SME and the BSE SME platforms. These offerings span a wide range of sectors including infrastructure, telecom, food processing, EV, jewellery, and media.

While some IPOs are commanding high grey market premiums (GMP), others are attracting investor attention purely on business potential or sectoral tailwinds.

Here’s are the GMP and subscription status of the IPOs as of 12:58 pm.

Name of SME IPO GMP Subscription Status Valencia India (BSE SME) Rs 21 (19.09%) 0.05x Supertech EV (BSE SME) Zero (0%) 1.31x Suntech Infra Solutions (NSE SME) Rs 25 (29.07%) 10.36x Rama Telecom (NSE SME) Rs 10 (14.71%) 0.66x AJC Jewel (BSE SME) Rs 4 (4.21%) 1.17x Icon Facilitators (BSE SME) Rs 5 (5.49%) 1.75x Abram Food (BSE SME) Rs 10 (10.20%) 6.12x Shri Hare-Krishna Sponge Iron (NSE SME) Zero (0%) 2.42x Ace Alpha Tech (BSE SME) Rs 12 (17.39%) 0.11x PRO FX Tech (NSE SME) Zero (0%) 0.8x Moving Media Entertainment (NSE SME) Rs 15 (21.43%) 0.36x

Valencia India, operating in the chemical and industrial domain, is commanding a GMP of Rs 21 over the issue price of Rs 110. With an estimated listing at Rs 131, investor interest appears strong. It has received a subscription of 0.05x on Day 1 so far, till 12:58 pm. It will be closed on June 30.

This electric vehicle player has so far received 1.31x subscription in the primary market. However, its GMP remains zero. The IPO was opened on June 25 and will be closed on June 27.

The infrastructure company is one of the most in-demand SME IPOs currently, with a whopping 29% GMP and strong 10.36x subscription. It was opened on June 25 and will be closed on June 27.

Rama Telecom is seeing a decent GMP of 14.7%. It has received a subscription of 0.66x on Day 2. The IPO was opened on June 25 and will be closed on June 27.

This jewellery retailer has a moderate premium in the grey market at 4.2%. It has received a subscription of 1.17x subscription. The IPO was closed on June 23 and will be closed at 5:00 pm today, June 26.

Providing business support services, Icon Facilitators has seen a subscription of 1.75x. It GMP stands at 5.49%. The IPO will also be closed today, June 26.

Operating in the food processing space, Abram Food has a double-digit GMP of 10.2%, making it one of the mid-interest IPOs of the day. It has received a subscription of 6.12x. The IPO will be closed today, June 26.

Although there is no premium in the grey market, the steel company is pulling in moderate demand due to its commodity-sector play. It has received a subscription of 2.42x.

This security and surveillance tech firm is seeing good market enthusiasm with a GMP nearing 18%. Its subscription level currently stands at 0.11x. The IPO was opened on June 26 and will be closed on June 30.

With no GMP, the PRO FX Tech IPO has received a 0.8x subscription on Day 1. The IPO will be closed on June 30.

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A content creation and media firm, Moving Media is seeing an above-20% GMP at 21.4%, indicating investor confidence in its niche. The IPO has received a subscription of 0.36x on Day 1 so far. It will be closed on June 30.

About the Author Mohammad Haris Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso...