Three SME IPOs opened for subscription today (August 31, 2026) and will remain open until September 2, with Ashutosh Fibre and Shanti Inorganics attracting robust grey market premiums of around 40% and 37% respectively. According to The Economic Times, these NSE SME issues are generating significant investor interest ahead of their listings. In contrast, Phychem Technologies, the BSE SME-bound issue, commands a more modest 5% premium, suggesting relatively limited listing gains for this smaller offering. The latest data shows Purple Style Labs IPO also commanding a strong grey market premium of ₹28, indicating positive market sentiment across multiple IPO categories.
Ashutosh Fibre IPO is raising ₹56.35 crore through a fresh issue of 61.25 lakh shares, entirely listed on the NSE SME platform. As reported by The Economic Times, the issue has a price band of ₹87-₹92 per share with a lot size of 1,200 shares. Retail investors need to apply for a minimum of 2,400 shares (₹2,20,800 at upper band), while HNI investors must apply for three lots (₹3,31,200). The allotment is expected on September 3, with tentative listing on September 7. Mefcom Capital Markets Ltd. serves as the book-running lead manager, while KFin Technologies Ltd. acts as the registrar.
Shanti Inorganics IPO is raising ₹47.24 crore through a fresh issue of approximately 57 lakh shares, with a price band of ₹79-₹83 per share and lot size of 1,600 shares. According to The Economic Times, retail investors must apply for minimum 3,200 shares (₹2,65,600 at upper band), while HNI investors need three lots (₹3,98,400). The issue is managed by Vivro Financial Services Pvt. Ltd. as book-running lead manager and KFin Technologies Ltd. as registrar. Based on current GMP of 37%, the estimated listing price stands at around ₹114 per share.
Phychem Technologies IPO is the smallest at ₹14.58 crore, consisting entirely of 27 lakh fresh shares with a price band of ₹51-₹54 per share and lot size of 2,000 shares. As reported by The Economic Times, retail investors require minimum 4,000 shares (₹2,16,000 at upper band), while HNI investors must apply for three lots (₹3,24,000). The issue is managed by Hem Securities Ltd. as book-running lead manager and MUFG Intime India Pvt. Ltd. as registrar, with Hem Finlease Pvt. Ltd. as market maker, with the modest 5% GMP suggesting an estimated listing price of around ₹57 per share.
Purple Style Labs IPO has launched with a total issue size of ₹680 crore, marking a significant mainboard offering alongside the SME IPOs. The IPO opened for subscription on August 31, 2026, with a price band of ₹546-₹575 per share and subscription closing on September 2, 2026. As reported by IPOGrow, retail investors can apply for minimum 26 shares (₹14,950 at upper band), while the issue is scheduled to list on NSE and BSE on September 7, 2026. The IPO is managed by Axis Capital Ltd. and IIFL Capital Services Ltd. as book-running lead managers, with KFin Technologies Ltd. serving as registrar.
