SME IPOs Creating a Buzz in the Grey Market: Huge Listing Gains Expected, One Over-Subscribed by 100 Times

Two IPOs from the SME (Small and Medium Enterprises) segment are making waves in the grey market, with both seeing an impressive Grey Market Premium (GMP) of over 30%. These IPOs, which are currently open for subscription, could provide substantial gains to investors on listing.

1. Gabion Technologies India

The IPO of Gabion Technologies India opened for subscription on January 6, 2026, and will close on January 8, 2026. With an issue size of ₹29.16 crore, the company is issuing fresh shares, and the price band for the offer is ₹76 to ₹81 per share. It is expected to list on the BSE SME platform on January 13, 2026.

Grey Market Performance:

• This IPO was over-subscribed by 60 times on January 6, and by the afternoon of January 7, it had exceeded a 100 times subscription.
• The current GMP for this IPO is ₹30, reflecting a 37% increase from the upper issue price of ₹81.
• With such a strong grey market response, investors can expect impressive listing gains.

2. Yajur Fibres

The Yajur Fibres IPO opened for subscription on January 7, 2026, and will close on January 9, 2026. The price band for this IPO is ₹168 to ₹174 per share, with the company aiming to raise ₹120.41 crore through the offering. The listing is expected to occur on January 14, 2026, on the BSE SME platform.

Grey Market Performance:

• This IPO was 0.19 times subscribed by the afternoon of January 7, and its GMP stands at ₹60, which is a 34% premium over the issue price of ₹174.
• Given the current trends, this IPO could also yield significant returns on listing.

Disclaimer:

The suggestions in this analysis are from individual analysts or brokerage firms and are not endorsed by Navbharat Times. We advise investors to consult certified experts before making any investment decisions, as stock market conditions can change rapidly.