Archive · 22 Aug 2026
Grey Market Premiums Signal Strong Interest in Five Upcoming IPOs
Five companies are preparing to sell shares to the public through IPOs.
Investors are watching their grey market premiums, or GMPs, before subscriptions begin.
A GMP shows how much extra traders are indicating they may pay for a share before it officially lists.
Skyways Air Services has a GMP of ₹43.
Symbiotec Pharmalab has the highest GMP at ₹350.
Hy-Tech Engineers has a GMP of ₹22, while Annu Projects has a GMP of ₹4.
Lumino Industries has a GMP of ₹46.
These figures suggest that the market is expecting positive listings, although the estimated prices are based on current GMP levels.
Skyways Air Services IPO opens August 24–27 at ₹131–₹138, with a GMP of ₹43 and an estimated listing price of ₹181.
Symbiotec Pharmalab IPO opens August 24–27 at ₹938–₹988, with a GMP of ₹350 and an estimated listing price of ₹1,338.
Hy-Tech Engineers IPO opens August 24–27 at ₹50–₹53, with a GMP of ₹22 and an estimated listing price of ₹75.
Annu Projects IPO opens August 25–28 at ₹94–₹99, with a GMP of ₹4 and an estimated listing price of ₹103.
Lumino Industries IPO opens August 27–31 at ₹78–₹82, with a GMP of ₹46 and an estimated listing price of ₹128.
- Who
- Skyways Air Services, Symbiotec Pharmalab, Hy-Tech Engineers, Annu Projects, and Lumino Industries.
- What
- The five companies are launching IPOs, with their grey market premiums indicating expected listing prices.
- When
- The IPOs open between August 24 and August 27 and close between August 27 and August 31.
- Where
- The companies are entering the primary market; Hy-Tech Engineers is identified as being based in Maharashtra.
- Why
- Their IPOs are drawing attention because grey market trends point to potentially positive listings.
- Skyways Air Services IPO
- Subscription: August 24–27; price band: ₹131–₹138; GMP: ₹43; estimated listing price: ₹181.
- Symbiotec Pharmalab IPO
- Subscription: August 24–27; price band: ₹938–₹988; GMP: ₹350; estimated listing price: ₹1,338.
- Hy-Tech Engineers IPO
- Subscription: August 24–27; price band: ₹50–₹53; GMP: ₹22; estimated listing price: ₹75.
- Annu Projects IPO
- Subscription: August 25–28; price band: ₹94–₹99; GMP: ₹4; estimated listing price: ₹103.
- Lumino Industries IPO
- Subscription: August 27–31; price band: ₹78–₹82; GMP: ₹46; estimated listing price: ₹128.
- Anchor fundraising
- Skyways Air Services raised ₹174.5 crore and Symbiotec Pharmalab raised ₹526 crore from anchor investors.
- Issue structures
- The offerings include fresh issues, offer-for-sale shares, or both; Annu Projects comprises a fresh issue of 1,76,83,000 shares.