Archive · 27 Aug 2026
Five IPOs Draw Strong Demand as GMP Trends Diverge
Five companies are offering shares to the public through IPOs.
Three of them—Hy-Tech Engineers, Symbiotec Pharmalab and Skyways Air Services—finish accepting applications on 27 August.
All three have already received more applications than the number of shares available.
Annu Projects is still accepting applications and was 58% subscribed.
Lumino Industries opened on 27 August and reached 87% subscription.
A grey market premium is an unofficial signal of what investors may expect the share price to be after listing.
Hy-Tech Engineers and Skyways Air Services showed rising premiums.
Symbiotec Pharmalab still had a positive indicated listing price, but its current premium was described as showing a pessimistic trend.
Allotment for the three closing IPOs is expected on 28 August.
Hy-Tech Engineers, Symbiotec Pharmalab and Skyways Air Services IPOs close on 27 August after being fully subscribed.
Hy-Tech Engineers recorded 138.45 times subscription, with a grey market premium of ₹44 and an indicated listing price of ₹97.
Symbiotec Pharmalab recorded 19.16 times subscription, while its ₹287 GMP indicated a potential listing price of ₹1,275.
Annu Projects was 58% subscribed, while Lumino Industries reached 87% subscription on its opening day.
Share allotment for the three IPOs closing on 27 August is expected to be finalised on 28 August.
- Who
- Hy-Tech Engineers, Symbiotec Pharmalab, Skyways Air Services, Annu Projects and Lumino Industries, along with investors applying for their IPOs.
- What
- Three IPOs are closing after strong subscription, while Annu Projects and Lumino Industries continue their offerings.
- When
- The first three IPOs close on 27 August; Annu Projects closes on 28 August, and Lumino Industries closes on 31 August.
- Where
- The companies are offering shares through the Indian public markets; Hy-Tech Engineers is based in Maharashtra.
- Why
- The companies are issuing fresh shares and, in some cases, selling shares held by promoters or existing shareholders.
Optimistic GMP Reading
Cautious GMP Reading
Expected listing performance
Optimistic GMP Reading
Hy-Tech Engineers, Skyways Air Services, Annu Projects and Lumino Industries showed rising GMP trends, indicating expectations of strong or robust listings.
Cautious GMP Reading
GMP is an unofficial market indicator rather than a guaranteed listing outcome, and Symbiotec Pharmalab’s current ₹287 premium was described as reflecting pessimistic sentiment despite implying a listing price above its IPO price.
Investor demand
Optimistic GMP Reading
All three IPOs closing on 27 August were fully subscribed, with Hy-Tech Engineers reaching 138.45 times subscription and Skyways Air Services and Symbiotec Pharmalab reaching 19.68 and 19.16 times, respectively.
Cautious GMP Reading
Annu Projects had reached only 58% subscription and Lumino Industries 87% at the reported times, so their final subscription levels were not yet known.
- IPO closing 27 August
- Hy-Tech Engineers, Symbiotec Pharmalab and Skyways Air Services.
- Expected allotment
- Share allotment for the three closing IPOs is expected to be finalised on 28 August.
- Hy-Tech Engineers GMP
- ₹44; indicated listing price ₹97 versus an IPO price of ₹53.
- Symbiotec Pharmalab GMP
- ₹287; indicated listing price ₹1,275 versus an IPO price of ₹988.
- Skyways Air Services GMP
- ₹46; indicated listing price ₹184 versus an IPO price of ₹138.
- Annu Projects subscription
- 58% at 1:30 IST on 27 August.
- Lumino Industries subscription
- 87% at 1:27 IST on its opening day, 27 August.