3 weeks ago
Five Indian IPOs Signal Grey Market Premiums Up to 28%
Five companies in India are getting ready to sell their shares to the public for the very first time.
These share sales are called IPOs.
The companies are Dhoot Transmission, Molbio Diagnostics, Milky Mist Dairy Food, Shiprocket, and Behari Lal Engineering.
Their IPOs will open between Monday, August 10, and Wednesday, August 12, 2026.
Before the IPOs open, some people trade in a special 'grey market' to guess the price.
The grey market thinks most of these shares will go up in value when they start trading.
Dhoot Transmission is expected to gain the most, around 28 percent.
Molbio Diagnostics, Milky Mist, Shiprocket, and Behari Lal Engineering are expected to gain less.
But the article warns that the grey market guess is not always right.
It says investors should check each company's financial records before buying shares.
Five mainboard IPOs — Dhoot Transmission, Molbio Diagnostics, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering — are set to open on the Indian primary market from 10 August 2026.
Dhoot Transmission leads with a grey market premium (GMP) of ₹247, implying an expected listing price of about ₹1,118 versus the ₹871 upper price band, a potential 28% return.
Molbio Diagnostics carries a ₹180 GMP, pointing to an expected listing near ₹987 versus its ₹807 upper price band, a potential 22% return.
Milky Mist (₹24 GMP, ~17%), Shiprocket (₹14 GMP, ~14%) and Behari Lal Engineering (₹31 GMP, ~11%) signal smaller expected listing premiums.
The grey market signals positive debuts for all five IPOs, but the report cautions that GMP is not an ideal indicator as it has no connection to the companies' balance sheets.
- Who
- Five Indian companies — Dhoot Transmission, Molbio Diagnostics, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering
- What
- Launching mainboard initial public offerings, with grey market premiums signalling potential listing gains of up to 28%
- Where
- The Indian primary market
- When
- Opening between 10 and 12 August 2026, with subscription windows running until 14 August 2026
- Why
- Grey market observers are signalling positive debuts for all five IPOs, although GMP is cautioned as unreliable since it is disconnected from company balance sheets
Key facts
- IPOs covered
- 5 mainboard IPOs
- Opening dates
- 10-12 August 2026 (Dhoot & Molbio on Aug 10; Milky Mist on Aug 11; Shiprocket & Behari Lal on Aug 12)
- Highest GMP
- Dhoot Transmission - ₹247 (expected ~28% listing gain)
- Dhoot Transmission upper price band
- ₹871 per share
- Molbio Diagnostics upper price band
- ₹807 per share
- Milky Mist Dairy Food upper price band
- ₹140 per share
- Shiprocket upper price band
- ₹97 per share
- Behari Lal Engineering upper price band
- ₹285 per share
Sources
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