According to reports from Essential Business Intelligence, Nityas Gems & Jewellery is showing the stronger grey-market premium ahead of today's debut, with an implied listing premium of 1.33% compared to Vishal Nirmiti's 0.91% premium. The Nityas Gems & Jewellery IPO is commanding a GMP of ₹1 against the IPO's upper price band of ₹75 per share, indicating an estimated listing price of ₹76. In contrast, Vishal Nirmiti is carrying a GMP of ₹2 against the issue's upper price band of ₹220 per share, pointing to an estimated listing price of ₹222. Both IPOs were open for subscription from September 30 to October 5 and are scheduled to list on October 8, 2026. The IPO GMP Live value can change frequently due to investor demand, market conditions, subscription trends, and overall sentiment, making it crucial for investors to monitor the latest updates for potential listing price estimates.
As reported by Essential Business Intelligence, Nityas Gems & Jewellery achieved an overall subscription of 1.37 times by the close of the subscription period. The issue saw QIB subscription at 0.78 times, NII subscription at 1.37 times, and RII subscription at 2.21 times. Vishal Nirmiti recorded an overall subscription of 1.18 times with QIB subscription at 1.2 times, NII subscription at 1.35 times, and RII subscription at 1.12 times. The subscription data reflects investor interest across different investor categories for both public issues, with the IPO GMP Live value being a key indicator that can fluctuate throughout the IPO period based on market demand and investor expectations.
According to Essential Business Intelligence, Nityas Gems & Jewellery has an issue size of ₹108.35 crore with a price band of ₹70-₹75 per share. The estimated listing price based on GMP works out to ₹76 per share. Vishal Nirmiti has a larger issue size of ₹178 crore with a price band of ₹208-₹220 per share. Based on the respective lot sizes, Nityas Gems & Jewellery offers ₹200 per lot while Vishal Nirmiti provides ₹136 per lot, reflecting different investment opportunities for investors. The IPO GMP Live value serves as an unofficial indicator that can help investors estimate potential listing gains, though it remains subject to market conditions and investor sentiment throughout the IPO period.
As reported by Essential Business Intelligence, GMP is an unofficial market indicator and can move sharply before listing. The actual listing price can therefore be different from the GMP-based estimate. The publication emphasizes that investors should assess IPOs on factors including financial performance, valuations, business outlook, issue structure and prevailing market conditions, rather than using grey-market premiums as the sole basis for an investment decision. The IPO Grey Market Premium remains an unofficial indicator with no fixed limit, and can rise or fall depending on market demand and sentiment. Subject to Sauda refers to informal grey market arrangements involving IPO applications at agreed prices, which carry significant risks as they occur outside the regulated stock exchange system.
