Archive · 14 Sep 2026
IPO GMP Signals Mixed Listing Prospects for Three Issues
Three companies are preparing to start trading their shares on 16 September 2026.
Investors are waiting for refunds and for allotted shares to appear in their accounts on 15 September.
The stock exchanges will be closed on 14 September for Ganesh Chaturthi.
Kanohar Electricals received the strongest subscription, followed by Glass Wall Systems.
Prasol Chemicals received much lower demand than the other two issues.
Grey market prices suggest that Kanohar Electricals could list above its issue price.
Glass Wall Systems also has a positive grey market indication, while Prasol Chemicals has a negative one.
These grey market figures are estimates and do not guarantee the actual listing prices.
Kanohar Electricals, Glass Wall Systems, and Prasol Chemicals are scheduled to list on Wednesday, 16 September 2026.
Refunds and share credits are expected on Tuesday, 15 September, after the exchanges remain closed for Ganesh Chaturthi on Monday.
Kanohar Electricals was subscribed 90.59 times, Glass Wall Systems 81.65 times, and Prasol Chemicals 3.30 times on the final bidding day.
Kanohar Electricals’ GMP was reported at ₹241, implying an estimated listing price of ₹873, or 38.13% above its ₹632 issue price.
Glass Wall Systems’ GMP was reported at ₹182, implying ₹234, while Prasol Chemicals’ GMP was -₹15, implying ₹661, or 2.22% below its ₹676 issue price.
- Who
- Investors and the issuers Kanohar Electricals, Glass Wall Systems, and Prasol Chemicals.
- What
- The three IPOs are nearing their share-credit, refund, and stock-market listing dates, with grey market premiums indicating different possible listing outcomes.
- When
- Refunds and share credits are expected on Tuesday, 15 September 2026, and listing is scheduled for Wednesday, 16 September 2026; exchanges are closed on Monday, 14 September.
- Where
- On the Indian stock exchanges, the BSE and NSE.
- Why
- Investors are assessing possible listing gains or losses using subscription levels and grey market premium trends.
Positive Listing Outlook
Cautious Listing Outlook
Kanohar Electricals
Positive Listing Outlook
The reported GMP of ₹241 indicates an estimated listing price of ₹873, 38.13% above the ₹632 issue price, while demand reached 90.59 times subscription.
Cautious Listing Outlook
The estimated price is based on grey market activity and is not a confirmed listing price.
Glass Wall Systems
Positive Listing Outlook
The reported GMP of ₹182 implies an estimated listing price of ₹234, 28.57% above the ₹182 issue price, alongside 81.65-times subscription.
Cautious Listing Outlook
The article also says the GMP ranged between ₹20 and ₹66 over the previous 12 sessions, which conflicts with the reported current GMP of ₹182 and creates uncertainty around the indication.
Prasol Chemicals
Positive Listing Outlook
The issue was subscribed 3.30 times, showing that it attracted bids above the number of shares offered.
Cautious Listing Outlook
Its GMP of -₹15 implies an estimated listing price of ₹661, or 2.22% below the ₹676 issue price, and the article describes its recent GMP trend as downward.
- Listing date
- Wednesday, 16 September 2026
- Refund and share credit
- Expected Tuesday, 15 September 2026
- Exchange holiday
- BSE and NSE closed Monday, 14 September, for Ganesh Chaturthi
- Kanohar Electricals GMP
- ₹241; estimated listing price ₹873 versus a ₹632 issue price
- Glass Wall Systems GMP
- ₹182; estimated listing price ₹234 versus a ₹182 issue price
- Prasol Chemicals GMP
- -₹15; estimated listing price ₹661 versus a ₹676 issue price
- Final-day subscription
- Kanohar Electricals 90.59 times; Glass Wall Systems 81.65 times; Prasol Chemicals 3.30 times