GMP Vs Listing Gain Analysis of June 2026 consists of IPOs listed in June 2026 only.
In June 2026, a total of 22 IPOs were listed, including 3 Mainboard IPOs and 19 SME IPOs.
This analysis report consists of GMP accuracy distribution for SME and Mainboard IPOs, along with a comparison of average listing gains versus average GMP percentages for both segments.
For details about the GMPs of live IPOs, check our dedicated GMP page, which is updated daily. For the latest information on IPOs, visit our 2026 Upcoming, Live, and Closed IPO Calendar.
For investors, it is important to keep in mind that GMP is unofficial, unpredictable, and unregulated by NSE, BSE, and SEBI. Therefore, investors should not make investment decisions solely based on GMP.
GMP Vs Listing Performance June 2026 IPOs.
GMP accuracy distribution June 2026: Mainboard
Total IPOs in Mainboard: 3
IPOs listed above GMP expectation: 1
IPOs listed below GMP expectation: 2
IPOs listed in line with GMP expectation: 0
Mainboard IPO: Avg listing % vs Avg GMP % June 2026 IPOs
Avg GMP % | 13.5 |
Avg Listing % | 11.85 |
Mainboard IPOs listed at an average gain of 11.85% against an average GMP of 13.50%, with GMP slightly overestimating the final listing performance.
GMP accuracy distribution June 2026: SME IPOs
Total SME IPOs: 19
Listed above GMP expectation: 05
Listed below GMP expectation: 11
Listed in line with GMP expectation: 03
SME IPOs- Avg Listing % Vs Avg GMP % June 2026 IPOs
Avg GMP% | 13.88 |
Avg Listing % | 9.55 |
For June 2026 SME IPOs, the average listing gain (9.55%) was lower than the average GMP (13.88%), indicating that GMP overall overestimated the final listing performance of SME IPOs during the month.
Detailed GMP Commentary On June 2026 IPOs
1. M R Maniveni Foods Limited GMP Vs Listing
M R Maniveni Foods Limited finally got listed at ₹42.55, or ₹9.45 below the issue price of ₹52, which is a 18.17% discount to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed below GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period,
2. Yaashvi Jewellers Limited GMP Vs Listing
Yaashvi Jewellers Limited finally got listed at ₹83, or ₹0 above the issue price of ₹83, which is a 0% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed in line with GMP expectations.
3. SMR Jewels Limited GMP Vs Listing
SMR Jewels Limited finally got listed at ₹102.95, or ₹25.05 below the revised issue price of ₹128, which is a 19.57% discount to the issue price. The issue price had been reduced from ₹135 to ₹128 after the IPO subscription period was extended until 3 June. The GMP was ₹0, or 0% above the issue price, as there was effectively no active grey market premium available for the issue. The issue listed below GMP expectations. There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating a lack of grey market activity and investor interest.
4. Merritronix Ltd GMP Vs Listing
Merritronix Ltd. finally got listed at ₹283.1, or ₹134.1 above the issue price of ₹149, which is a 90.00% premium to the issue price. The GMP was ₹67, or 44.97% above the issue price. The issue listed well above GMP expectations.
The GMP movement showed strong and sustained bullish sentiment throughout the period:
₹20 → ₹22 → ₹33 → ₹25 → ₹27 → ₹35 → ₹34 → ₹38 → ₹42 → ₹48 → ₹51 → ₹58 → ₹65 → ₹62 → ₹64 → ₹60 → ₹67 → ₹70 → ₹75 → ₹71 → ₹66→ ₹67.
5. Rajnandini Fashion India Limited GMP Vs Listing
Rajnandini Fashion India Limited finally got listed at ₹63, or ₹0 above the issue price of ₹63, which is a 0% premium to the issue price. The GMP was ₹7, or 11.11% above the issue price. The issue listed below GMP expectations.
The GMP movement showed positive sentiment throughout the period, with a peak before moderating near listing:
₹0 → ₹8 → ₹7 → ₹6 → ₹5 → ₹6 → ₹10 → ₹7.
6. Hexagon Nutrition Limited GMP Vs Listing
Hexagon Nutrition Limited finally got listed at ₹48.25, or ₹3.25 above the issue price of ₹45, which is a 7.22% premium to the issue price. The GMP was ₹4, or 8.89% above the issue price. The issue listed slightly below GMP expectations. The GMP movement showed strong initial optimism before cooling off significantly closer to listing:
₹0 → ₹10 → ₹11 → ₹12 → ₹13 → ₹12 → ₹8 → ₹7 → ₹3 → ₹5 → ₹4.
7. Liotech Industries Limited GMP Vs Listing
Liotech Industries Limited finally got listed at ₹257, or ₹64 below the issue price of ₹321, which is a 19.94% discount to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed below GMP expectations.
The GMP movement showed extremely strong initial enthusiasm that collapsed rapidly before listing: ₹0 → ₹51 → ₹15 → ₹10 → ₹3 → ₹0.
8. Vahh Chemicals Limited GMP Vs Listing
Vahh Chemicals Limited finally got listed at ₹70, or ₹10 above the issue price of ₹60, which is a 16.67% premium to the issue price. The GMP was ₹7, or 11.67% above the issue price. The issue listed above GMP expectations.
The GMP movement showed strong positive sentiment throughout the period, peaking at ₹15 before moderating closer to listing: ₹0 → ₹5 → ₹14 → ₹15 → ₹11 → ₹14 → ₹12 → ₹11 → ₹12 → ₹13 → ₹12 → ₹7.
9. CMR Green Technologies Ltd GMP Vs Listing
CMR Green Technologies Limited finally got listed at ₹268.00, or ₹76.00 above the issue price of ₹192.00, which is a 39.58% premium to the issue price. The GMP was ₹67, or 34.90% above the issue price. The issue listed above GMP expectations. The GMP movement showed strong and sustained bullish sentiment throughout the period:
₹20 → ₹22 → ₹33 → ₹25 → ₹27 → ₹35 → ₹34 → ₹38 → ₹42 → ₹48 → ₹51 → ₹58 → ₹65 → ₹62 → ₹64 → ₹60 → ₹67 → ₹70 → ₹75 → ₹71 → ₹66 → ₹69 → ₹70 → ₹67. The stock listed at a 39.58% premium against a GMP indication of 34.90%, outperforming grey market expectations.
10. Aureate Tradde Limited GMP Vs Listing
Aureate Tradde Limited finally got listed at ₹70, or ₹0 above the issue price of ₹70, which is a 0% premium to the issue price. The GMP was ₹1, or 1.43% above the issue price. The issue listed below GMP expectations.
The GMP movement showed early optimism before going down and closer to listing:
₹0 → ₹6 → ₹12 → ₹6 → ₹5 → ₹1.
11. Genxai Analytics Limited GMP Vs Listing
Genxai Analytics Limited finally got listed at ₹92.8, or ₹23.2 below the issue price of ₹116, which is a 20.00% discount to the issue price. The GMP was ₹1, or 0.86% above the issue price. The issue listed below GMP expectations.
The GMP movement showed strong initial optimism before steadily weakening closer to listing:
₹0 → ₹7 → ₹13 → ₹14 → ₹15 → ₹14 → ₹13 → ₹10 → ₹8 → ₹10 → ₹5 → ₹4 → ₹1.
12. UHM Vacation Limited GMP Vs Listing
UHM Vacation Ltd finally got listed at ₹132.80, or ₹33.20 below the issue price of ₹166.00, which is a 20.00% discount to the issue price. The GMP was ₹-6, or -3.61% below the issue price. The issue listed below GMP expectations.
The GMP movement showed a sharp deterioration in sentiment before listing: ₹0 → ₹10 → ₹5 → ₹1 → ₹0 → ₹-6.
13. Harikanta Overseas Limited GMP Vs Listing
Harikanta Overseas Limited finally got listed at ₹79.75, or ₹11.25 below the issue price of ₹91, which is a 12.36% discount to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed below GMP expectations.
14. Horizon Reclaim (India) Limited GMP Vs Listing
Horizon Reclaim (India) Limited finally got listed at ₹151.00, or ₹48.00 above the issue price of ₹103.00, which is a 46.60% premium to the issue price. The GMP was ₹75, or 72.82% above the issue price. The issue listed below GMP expectations. The GMP movement showed exceptionally strong bullish sentiment throughout the period, with a steady rise to ₹75 before listing: ₹0 → ₹5 → ₹12 → ₹14 → ₹24 → ₹32 → ₹38 → ₹45 → ₹53 → ₹52 → ₹50 → ₹53 → ₹57 → ₹60 → ₹53 → ₹57 → ₹63 → ₹64 → ₹55 → ₹52 → ₹48 → ₹54 → ₹60 → ₹66 → ₹75.
15. Utkal Speciality Industries India Limited GMP Vs Listing
Utkal Speciality Industries India Limited finally got listed at ₹66, or ₹0 above the issue price of ₹66, which is a 0% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed in line with GMP expectations. The GMP movement showed strong initial optimism that gradually faded before listing:
₹0 → ₹13 → ₹10 → ₹8 → ₹5 → ₹1 → ₹0
16. Susan Electricals India Limited GMP Vs Listing
Susan Electricals India Limited finally got listed at ₹186.00, or ₹59.00 above the issue price of ₹127, which is a 46.46% premium to the issue price. The GMP was ₹43, or 33.86% above the issue price. The issue listed above GMP expectations. The GMP movement showed strong and sustained bullish sentiment throughout the period, peaking above ₹60 before moderating closer to listing: ₹0 → ₹7 → ₹18 → ₹23 → ₹24 → ₹42 → ₹40 → ₹48 → ₹42 → ₹54 → ₹60 → ₹61 → ₹62 → ₹63 → ₹61 → ₹62 → ₹59 → ₹57 → ₹52 → ₹54 → ₹50 → ₹43 → ₹46 → ₹44 → ₹46 → ₹45 → ₹43.
17. Leapfrog Engineering Services Limited GMP Vs Listing
Leapfrog Engineering Services Limited finally got listed at ₹22, or ₹1 below the issue price of ₹23, which is a 4.35% discount to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed below GMP expectations.
The GMP movement showed very limited grey market activity and weakening sentiment closer to listing: ₹0 → ₹2 → ₹0.5 → ₹0.
18. Clay Craft India Limited GMP Vs Listing
Clay Craft India Limited finally got listed at ₹211, or ₹8 above the issue price of ₹203, which is a 3.94% premium to the issue price. The GMP was ₹35, or 17.24% above the issue price. The issue listed below GMP expectations.
The GMP movement showed strong initial bullish sentiment, reaching as high as ₹76 before gradually cooling closer to listing: ₹0 → ₹25 → ₹40 → ₹48 → ₹55 → ₹57 → ₹61 → ₹72 → ₹73 → ₹76 → ₹65 → ₹60 → ₹50 → ₹41 → ₹43 → ₹40 → ₹30 → ₹33 → ₹32 → ₹37 → ₹45 → ₹48 → ₹42 → ₹31 → ₹41 → ₹42 → ₹45 → ₹44 → ₹40 → ₹33 → ₹29 → ₹35.
19. Diksha Polymers Limited GMP Vs Listing
Diksha Polymers Limited finally got listed at ₹114.50, or ₹2.50 above the issue price of ₹112, which is a 2.23% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed above GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment ahead of listing.
20. Turtlemint Fintech Solutions Ltd GMP Vs Listing
Turtlemint Fintech Solutions Limited finally got listed at ₹134.9, or ₹17.1 below the issue price of ₹152, which is a 11.25% discount to the issue price. The GMP was ₹-5, or -3.29% below the issue price. The issue listed below GMP expectations.The GMP movement showed early optimism that gradually weakened and eventually turned negative before listing: ₹0 → ₹11 → ₹16 → ₹12 → ₹18 → ₹13 → ₹7 → ₹6 → ₹5.5 → ₹5 → ₹1.5 → ₹2 → ₹3 → ₹2 → ₹3 → ₹2 → ₹1 → ₹2 → ₹0 → ₹1 → ₹0 → ₹-3 → ₹-5.
21. Avience Biomedicals GMP Vs Listing
Avience Biomedicals Limited finally got listed at ₹395.20, or ₹187.20 above the issue price of ₹208, which is a 90.00% premium to the issue price. The GMP was ₹145, or 69.71% above the issue price. The issue listed above GMP expectations. The GMP movement showed exceptionally strong and steadily improving bullish sentiment throughout the period: ₹0 → ₹40 → ₹50 → ₹70 → ₹63 → ₹75 → ₹85 → ₹70 → ₹71 → ₹65 → ₹72 → ₹80 → ₹83 → ₹95 → ₹100 → ₹107 → ₹130 → ₹145.
22. Anubhav Plast Limited GMP Vs Listing
Anubhav Plast Limited finally got listed at ₹80, or ₹0 above the issue price of ₹80, which is a 0% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed in line with GMP expectations.
There was no movement in the grey market premium, with the GMP remaining flat at ₹0 throughout the period, indicating neutral sentiment ahead of listing.
Important IPO Resources:
1. IPO Calendar India 2026 | Upcoming & Live IPOs in India
2. June 2026 IPO Review: 22 IPOs, ₹2,502 Cr Raised & 75.98x Average Subscription
4. IPO GMP vs Listing Accuracy Study 2026
5. GMP vs Listing Gains May 2026 IPOs: A Data Analysis of 14 IPOs
6. IPO Glossary: 100+ Important Terms Every Investor Should Know
7. June 2026 IPO Subscription Review: 25 IPOs Data, Demand Patterns & Key Trends
Key Insights from June 2026 IPO Listings
- GMP overestimated actual listing performance across both segments. Mainboard IPOs recorded an average listing gain of 11.85% against an average GMP of 13.5%, while SME IPOs delivered an average listing gain of 9.55% compared to an average GMP of 13.88%.
- A majority of IPOs failed to meet GMP expectations. Out of 22 IPOs, 13 IPOs (59%) listed below GMP expectations, while only 6 IPOs (27%) managed to outperform GMP estimates, indicating that grey market sentiment was generally more optimistic than actual listing-day demand.
- More than half of the SME IPOs failed to meet GMP expectations. With 11 out of 19 SME IPOs listing below their GMP-implied gains, investors relying solely on grey market signals would have overestimated listing-day performance in many cases.
- GMP worked better as a sentiment indicator than a listing predictor. The June 2026 data suggests that while GMP reflected pre-listing market enthusiasm, it was less effective at accurately forecasting the magnitude of listing gains, reinforcing the need to evaluate IPO fundamentals alongside grey market trends.
