GMP Vs Listing Gain Analysis of July 2026 consists of IPOs listed in July 2026 only.
In July 2026, a total of 34 IPOs were listed, including 14 Mainboard IPOs and 20 SME IPOs.
The report evaluates how closely GMP estimates matched the actual listing performance of SME and Mainboard IPOs. It presents the distribution of GMP accuracy and compares the average GMP percentages with the average listing gains across both segments.
To track the latest GMPs of upcoming and live IPOs, visit our dedicated GMP page, which is updated daily. You can also follow our 2026 Upcoming, Live, and Closed IPO Calendar for the latest IPO updates.
It is important for investors to remember that GMP is an unofficial, unpredictable, and unregulated indicator and is not governed by NSE, BSE, or SEBI.
GMP Vs Listing Performance July 2026 IPOs.
GMP accuracy distribution July 2026: Mainboard
Total IPOs in Mainboard: 14
IPOs listed above GMP expectation: 6
IPOs listed below GMP expectation: 7
IPOs listed in line with GMP expectation: 1
Mainboard IPO: Avg listing % vs Avg GMP % July 2026 IPOs
Avg GMP % | 12.52 |
Avg Listing % | 11.9 |
Mainboard IPOs listed at an average gain of 11.90% against an average GMP of 12.52%, with GMP slightly overestimating the final listing performance.
GMP accuracy distribution July 2026: SME IPOs
Total SME IPOs: 20
Listed above GMP expectation: 10
Listed below GMP expectation: 10
Listed in line with GMP expectation: 0
SME IPOs- Avg Listing % Vs Avg GMP % July 2026 IPOs
Avg GMP % | 20.56 |
Avg Listing % | 22.42 |
SME IPOs listed at an average gain of 22.42% against an average GMP of 20.56%, with GMP underestimating the final listing performance.
Detailed GMP Commentary On July 2026 IPOs
1. Advit Jewels Ltd GMP Vs Listing
Advit Jewels Ltd finally got listed at ₹188.90, or ₹50.90 above the issue price of ₹138, which is a 36.88% premium to the issue price. The GMP was ₹50, or 36.23% above the issue price. The issue listed slightly above GMP expectations.
The GMP movement showed exceptionally strong investor interest, reaching triple-digit levels before gradually cooling closer to listing: ₹0 → ₹55 → ₹72 → ₹85 → ₹90 → ₹97 → ₹101 → ₹90 → ₹86 → ₹91 → ₹92 → ₹93 → ₹85 → ₹80 → ₹88 → ₹83 → ₹74 → ₹80 → ₹75 → ₹78 → ₹74 → ₹64 → ₹59 → ₹62 → ₹65 → ₹64 → ₹56 → ₹57 → ₹67 → ₹64 → ₹60 → ₹51 → ₹54 → ₹55 → ₹53 → ₹56 → ₹53 → ₹61 → ₹64 → ₹65 → ₹60 → ₹64 → ₹58 → ₹56 → ₹55 → ₹51 → ₹52 → ₹61 → ₹56 → ₹44 → ₹46 → ₹49 → ₹51 → ₹52 → ₹50.
2. Shreedhar Spinners Limited GMP Vs Listing
Shreedhar Spinners finally got listed at ₹54.40, or ₹1.40 above the issue price of ₹53, which is a 2.64% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed above GMP expectations.
3. Waterways Leisure Tourism Limited GMP Vs Listing
Waterways Leisure Tourism Limited (Cordelia Cruises) finally got listed at ₹681, or ₹127 below the issue price of ₹808, which is a 15.72% discount to the issue price. The GMP was ₹-51, or -6.31% below the issue price. The issue listed below GMP expectations. The GMP movement showed a dramatic deterioration in sentiment, moving from a strong premium to a deep discount before listing: ₹0 → ₹54 → ₹45 → ₹20 → ₹18 → ₹26 → ₹24 → ₹18 → ₹12 → ₹10 → ₹12 → ₹9 → ₹6 → ₹3.5 → ₹5 → ₹3 → ₹-8 → ₹-35 → ₹-36 → ₹-46 → ₹-47 → ₹-51.
4. CSM Technologies Limited GMP Vs Listing
CSM Technologies Limited finally got listed at ₹113, or ₹0 above the issue price of ₹113, 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 brief positive sentiment before returning to neutral levels: ₹0 → ₹4 → ₹0.
5. Jivial Industries Limited GMP Vs Listing
Jivial Industries Limited finally got listed at ₹156.8, or ₹39.2 below the issue price of ₹196, which is a 20.00% discount to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed below GMP expectations.
6. IC Electricals GMP Vs Listing
IC Electricals Company Limited finally got listed at ₹166.00, or ₹67.00 above the issue price of ₹99.00, which is a 67.68% premium to the issue price. The GMP was ₹42, or 42.42% above the issue price. The issue listed well above GMP expectations. The GMP movement showed strong and sustained bullish sentiment throughout the period, with premiums consistently remaining above ₹20 and peaking at ₹55: ₹0 → ₹25 → ₹30 → ₹28 → ₹20 → ₹30 → ₹32 → ₹31 → ₹28 → ₹40 → ₹42 → ₹45 → ₹47 → ₹55 → ₹45 → ₹49 → ₹40 → ₹42 → ₹40 → ₹44 → ₹40 → ₹45 → ₹42.
7. Atharva Polyplast Limited GMP Vs Listing
Atharva Polyplast finally got listed at ₹69.00, or ₹9.00 above the issue price of ₹60.00, which is a 15.00% premium to the issue price. The GMP was ₹10, or 16.67% above the issue price. The issue listed slightly below GMP expectations.
The GMP movement showed consistently positive sentiment, with premiums remaining in a healthy range throughout the period: ₹0 → ₹10 → ₹9 → ₹7 → ₹8 → ₹6 → ₹4 → ₹2.5 → ₹3.5 → ₹5.5 → ₹10 → ₹9 → ₹8 → ₹10.
8. Aastha Spintex Limited GMP Vs Listing
Aastha Spintex Limited finally got listed at ₹130, or ₹6 below the issue price of ₹136, which is a 4.41% discount to the issue price. The GMP was ₹4, or 2.94% above the issue price. The issue listed below GMP expectations.
The GMP movement showed modest positive sentiment with limited volatility throughout the period: ₹0 → ₹4 → ₹5.25 → ₹5 → ₹6 → ₹1 → ₹3 → ₹4 → ₹3 → ₹5 → ₹4.
9. Adon Agro Commodities Limited GMP Vs Listing
Adon Agro Commodities Limited finally got listed at ₹78.25, or ₹8.25 above the issue price of ₹70, which is a 11.79% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed above GMP expectations.
10. Crazy Snacks Limited GMP Vs Listing
Crazy Snacks Limited finally got listed at ₹44, or ₹2 above the issue price of ₹42, which is a 4.76% premium to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed above GMP expectations.
11. Kratikal Tech Limited GMP Vs Listing
Kratikal Tech Limited finally got listed at ₹192.00, or ₹57.00 above the issue price of ₹135.00, which is a 42.22% premium to the issue price. The GMP was ₹78, or 57.78% above the issue price. The issue listed below GMP expectations.The GMP movement showed exceptionally strong bullish sentiment, with premiums accelerating sharply in the final stages before listing:₹0 → ₹14 → ₹15 → ₹13 → ₹17 → ₹28 → ₹41 → ₹40 → ₹36 → ₹33 → ₹37 → ₹62 → ₹55 → ₹75 → ₹70 → ₹78.
12. Sampark India Logistics Limited GMP Vs Listing
Sampark India Logistics Limited finally got listed at ₹89.00, or ₹5.00 above the issue price of ₹84.00, which is a 5.95% premium to the issue price. The GMP was ₹2.5, or 2.98% above the issue price. The issue listed above GMP expectations. The GMP movement remained limited but positive throughout the period:₹0 → ₹2.5.
13. Knack packaging Limited GMP Vs Listing
Knack Packaging Limited finally got listed at ₹188.00, or ₹18.00 above the issue price of ₹170.00, which is a 10.59% premium to the issue price. The GMP was ₹8.5, or 5.00% above the issue price. The issue listed above GMP expectations. The GMP movement showed strong bullish sentiment initially, reaching a peak of ₹33 before gradually cooling closer to listing: ₹0 → ₹20 → ₹18 → ₹13 → ₹12 → ₹11.5 → ₹14 → ₹22 → ₹20 → ₹23 → ₹29 → ₹27 → ₹26 → ₹30 → ₹33 → ₹27 → ₹17 → ₹20 → ₹18 → ₹16 → ₹17 → ₹16 → ₹11 → ₹8.5.
14. Seemax Resources Limited GMP Vs Listing
Seemax Resources Limited finally got listed at ₹112.8, or ₹28.2 below the issue price of ₹141, which is a 20.00% discount to the issue price. The GMP was ₹0, or 0% above the issue price. The issue listed below GMP expectations.
15. Teja Engineering Industries Limited GMP Vs Listing
Teja Engineering Industries Limited finally got listed at ₹418.00, or ₹198.00 above the issue price of ₹220.00, which is a 90.00% premium to the issue price. The GMP was ₹36, or 16.36% above the issue price. The issue listed well above GMP expectations. The GMP movement showed steadily improving positive sentiment ahead of listing:₹0 → ₹3 → ₹10 → ₹15 → ₹22 → ₹36.
16. Vinit Mobile Limited GMP Vs Listing
Vinit Mobile Limited finally got listed at ₹155, or ₹3 below the issue price of ₹158, which is a 1.90% 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 an unusual pattern, with an early surge followed by a complete collapse in grey market sentiment: ₹0 → ₹30 → ₹0 → ₹1 → ₹0.
17. Devson Catalyst Limited GMP Vs Listing
Devson Catalyst Limited finally got listed at ₹196.15, or ₹78.15 above the issue price of ₹118.00, which is a 66.23% premium to the issue price. The GMP was ₹49, or 41.53% above the issue price. The issue listed well above GMP expectations. The GMP movement showed steadily strengthening investor sentiment, with premiums rising sharply from single digits to nearly ₹50 before listing:
₹0 → ₹6 → ₹8 → ₹19 → ₹40 → ₹43 → ₹46 → ₹36 → ₹45 → ₹50 → ₹45 → ₹49 → ₹51 → ₹49
18. Kusumgar Limited GMP Vs Listing
Kusumgar Limited finally got listed at ₹569.00, or ₹150.00 above the issue price of ₹419.00, which is a 35.80% premium to the issue price. The GMP was ₹161, or 38.42% above the issue price. The issue listed slightly below GMP expectations. The GMP movement showed exceptionally strong and sustained bullish sentiment throughout the period, with premiums consistently remaining above ₹150 in the final stages:
₹0 → ₹112 → ₹140 → ₹145 → ₹140 → ₹133 → ₹165 → ₹171 → ₹170 → ₹163 → ₹166 → ₹168 → ₹167 → ₹173 → ₹160 → ₹155 → ₹159 → ₹165 → ₹159 → ₹160 → ₹161 → ₹153 → ₹150 → ₹155 → ₹161
19. SBI Funds Management Limited GMP Vs Listing
SBI Funds Management Limited finally got listed at ₹613.30, or ₹39.30 above the issue price of ₹574.00, which is a 6.85% premium to the issue price. The GMP was ₹65, or 11.32% above the issue price. The issue listed below GMP expectations.The GMP movement reflected strong early optimism, with premiums climbing to as high as ₹141 before gradually declining in the final days ahead of listing:
₹0 → ₹101 → ₹91 → ₹105 → ₹110 → ₹118 → ₹124 → ₹125 → ₹135 → ₹140 → ₹141 → ₹139 → ₹140 → ₹95 → ₹70 → ₹96 → ₹86 → ₹118 → ₹110 → ₹108 → ₹109 → ₹88 → ₹89 → ₹106 → ₹98 → ₹101 → ₹91 → ₹88 → ₹94 → ₹91 → ₹90 → ₹92 → ₹93 → ₹96 → ₹97 → ₹92 → ₹95 → ₹90 → ₹93 → ₹103 → ₹98 → ₹94 → ₹65.
20. Riyaasat Lifestyle Limited GMP Vs Listing
Riyaasat Lifestyle Limited finally got listed at ₹84.8, or ₹21.2 below the issue price of ₹106, which is a 20.00% 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, indicating neutral sentiment ahead of listing.
21. Happy Steels Limited GMP Vs Listing
Happy Steels Limited finally got listed at ₹68.00, or ₹2.00 above the issue price of ₹66.00, which is a 3.03% premium to the issue price. The GMP was ₹10, or 15.15% above the issue price. The issue listed below GMP expectations.
The GMP movement showed positive investor sentiment throughout the IPO period, with premiums reaching as high as ₹14 before moderating closer to listing: ₹0 → ₹6.5 → ₹8 → ₹5 → ₹7 → ₹14 → ₹8 → ₹12 → ₹10
22. Laser Power and Infra GMP Vs Listing
Laser Power & Infra Limited finally got listed at ₹250.00, or ₹36.00 above the issue price of ₹214.00, which is a 16.82% premium to the issue price. The GMP was ₹39, or 18.22% above the issue price. The issue listed slightly below GMP expectations.The GMP movement reflected strong investor interest throughout the IPO period, despite some volatility in the early stages: ₹0 → ₹15 → ₹43 → ₹28 → ₹10 → ₹15 → ₹21 → ₹15 → ₹27 → ₹35 → ₹36 → ₹35 → ₹38 → ₹40 → ₹39 → ₹43 → ₹41 → ₹44 → ₹43 → ₹42 → ₹39.
23. Millworks Technologies Limited GMP Vs Listing
Millworks Technologies Limited finally got listed at ₹628.90, or ₹297.90 above the issue price of ₹331.00, which is a 90.00% premium to the issue price. The GMP was ₹395, or 119.34% above the issue price. The issue listed below GMP expectations. The GMP movement reflected exceptionally strong and sustained bullish sentiment, with premiums consistently remaining in the ₹300–₹400 range and peaking at ₹415 before listing:
₹0 → ₹280 → ₹297 → ₹350 → ₹385 → ₹400 → ₹390 → ₹395 → ₹396 → ₹300 → ₹275 → ₹300 → ₹400 → ₹415 → ₹400 → ₹380 → ₹401 → ₹390 → ₹395.
24. Alpine Texworld Limited GMP Vs Listing
Alpine Texworld Limited finally got listed at ₹105.00, or ₹0.00 above the issue price of ₹105.00, which is a 0.00% premium to the issue price. The GMP was ₹1, or 0.95% above the issue price. The issue listed slightly below GMP expectations. The GMP movement reflected weak and declining investor sentiment, with premiums peaking at ₹10 before steadily falling to just ₹1 ahead of listing:
₹0 → ₹2 → ₹5 → ₹10 → ₹9 → ₹6 → ₹2 → ₹1.
25. Sotefin Bharat Limited GMP Vs Listing
Sotefin Bharat Limited finally got listed at ₹205.00, or ₹18.00 above the issue price of ₹187.00, which is a 9.63% premium to the issue price. The GMP was ₹2.5, or 1.34% above the issue price. The issue listed well above GMP expectations. The GMP movement reflected weakening investor sentiment ahead of listing, with premiums peaking at ₹27 before steadily declining to nearly zero in the final days: ₹12 → ₹16 → ₹17 → ₹26 → ₹22 → ₹27 → ₹18 → ₹13 → ₹10 → ₹3 → ₹1 → ₹0 → ₹3 → ₹2.5.
26. Caliber Mining and Logistics Limited GMP Vs Listing
Caliber Mining and Logistics Limited finally got listed at ₹500.25, or ₹76.25 above the issue price of ₹424.00, which is a 17.98% premium to the issue price. The GMP was ₹60, or 14.15% above the issue price. The issue listed above GMP expectations. The GMP movement reflected strong investor confidence during the IPO period, with premiums peaking at ₹118 before moderating in the final days ahead of listing: ₹60 → ₹80 → ₹95 → ₹98 → ₹102 → ₹100 → ₹105 → ₹116 → ₹118 → ₹117 → ₹115 → ₹112 → ₹110 → ₹94 → ₹70 → ₹75 → ₹86 → ₹83 → ₹71 → ₹73 → ₹65 → ₹78 → ₹79 → ₹82 → ₹76 → ₹78 → ₹75 → ₹60.
27. Gulf Lloyds (India) Ltd GMP Vs Listing
Gulf Lloyds (India) Ltd finally got listed at ₹100.00, exactly at the issue price of ₹100.00, resulting in a 0.00% listing gain. The GMP was ₹1, or 1.00% above the issue price. The issue listed below GMP expectations.
The GMP movement reflected strong initial optimism, with premiums rising to ₹29 before witnessing a sharp decline in the final days leading up to listing: ₹3 → ₹6 → ₹8 → ₹15 → ₹21 → ₹29 → ₹21 → ₹15 → ₹10 → ₹5 → ₹3 → ₹1
28. Cube Highways Trust GMP Vs Listing
Cube Highways Trust finally got listed at ₹155.00, or ₹3.00 above the issue price of ₹152.00, which is a 1.97% premium to the issue price.The GMP was ₹2, or 1.32% above the issue price.The issue listed slightly above GMP expectations.The GMP movement remained subdued but gradually positive ahead of listing:
29. Shree Balaji (Mala) Textiles Limited GMP Vs Listing
Shree Balaji (Mala) Textiles Limited finally got listed at ₹133.00, or ₹63.00 above the issue price of ₹70.00, which is a 90.00% premium to the issue price. The GMP was ₹56, or 80.00% above the issue price.The issue listed above GMP expectations. The GMP movement reflected improving investor sentiment throughout the IPO period, with premiums remaining modest initially before surging sharply in the final days ahead of listing:
₹8 → ₹19 → ₹11 → ₹14 → ₹13 → ₹15 → ₹16 → ₹13 → ₹15 → ₹48 → ₹56.
30. Metalic Technoforge Limited GMP Vs Listing
Metalic Technoforge Limited finally got listed at ₹87.00, or ₹10.00 above the issue price of ₹77.00, which is a 12.99% premium to the issue price. The GMP was ₹6, or 7.79% above the issue price. The issue listed above GMP expectations. The GMP movement reflected gradually improving investor sentiment during the IPO period, with premiums peaking at ₹8 before settling at ₹6 ahead of listing:
31. Xtranet Technologies Limited GMP Vs Listing
Xtranet Technologies Limited finally got listed at ₹136.00, or ₹9.00 above the issue price of ₹127.00, which is a 7.09% premium to the issue price.The GMP was ₹14, or 11.02% above the issue price.The issue listed below GMP expectations.The GMP movement reflected volatile investor sentiment throughout the IPO period, with premiums touching a high of ₹26 before declining sharply and recovering modestly to ₹14 ahead of listing:
₹13 → ₹25 → ₹10 → ₹20 → ₹26 → ₹20 → ₹21 → ₹18 → ₹20 → ₹13 → ₹10 → ₹9 → ₹12 → ₹8 → ₹7 → ₹9 → ₹10 → ₹9 → ₹7 → ₹4 → ₹7 → ₹9 → ₹13 → ₹12 → ₹14
32. Indo-MIM Limited GMP Vs Listing
Indo-MIM Limited finally got listed at ₹700.00, or ₹215.00 above the issue price of ₹485.00, which is a 44.33% premium to the issue price.The GMP was ₹184, or 37.94% above the issue price.The issue listed above GMP expectations.The GMP movement reflected consistently strong investor demand throughout the IPO period, with premiums remaining well above ₹145 and peaking at ₹216 before stabilizing near ₹184 ahead of listing:
₹145 → ₹168 → ₹166 → ₹180 → ₹216 → ₹203 → ₹195 → ₹173 → ₹180 → ₹190 → ₹193 → ₹192 → ₹194 → ₹178 → ₹185 → ₹198 → ₹190 → ₹183 → ₹186 → ₹176 → ₹165 → ₹172 → ₹166 → ₹167 → ₹171 → ₹172 → ₹184 → ₹186 → ₹185 → ₹181 → ₹186 → ₹190 → ₹200 → ₹198 → ₹193 → ₹190 → ₹191 → ₹185 → ₹182 → ₹174 → ₹187 → ₹184
33. Lohia Corp GMP Vs Listing
Lohia Corp Limited finally got listed at ₹461.00, or ₹36.00 above the issue price of ₹425.00, which is a 8.47% premium to the issue price.The GMP was ₹17, or 4.00% above the issue price.The issue listed well above GMP expectations.
The GMP movement reflected strong initial optimism, with premiums peaking at ₹90 before witnessing a prolonged correction and stabilizing around ₹17 in the final days before listing:₹40 → ₹75 → ₹90 → ₹56 → ₹30 → ₹45 → ₹40 → ₹41 → ₹35 → ₹40 → ₹36 → ₹33 → ₹37 → ₹36 → ₹33 → ₹15 → ₹12 → ₹13 → ₹11 → ₹13 → ₹14 → ₹13 → ₹7 → ₹8 → ₹7 → ₹10 → ₹12 → ₹15 → ₹17 → ₹19 → ₹17
34. Silverstorm Parks and Resorts Limited GMP Vs Listing
Silverstorm Parks and Resorts Limited finally got listed at ₹132.90, or ₹0.10 below the issue price of ₹133.00, resulting in a 0.08% discount to the issue price.The GMP was ₹5, or 3.76% above the issue price.The issue listed below GMP expectations.The GMP movement reflected modest improvement in investor sentiment during the IPO period, with the premium rising from ₹0 to ₹5 before listing
Important Resources Related to GMP vs Listing Gains Analysis July 2026
1. Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
3. IPO Grey Market Premium (GMP) Today – Live Updates, Analysis & Trends
4. IPO Glossary: 100+ Important Terms Every Investor Should Know
6. GMP vs Listing Gains June 2026 IPOs: A Data Analysis of 22 IPOs
7. July 2026 IPO Subscription Review: 32 IPOs Data, Demand Patterns & Key Trends
8. July 2026 IPO Review: 33 IPOs, ₹21140.52 Cr Raised & 56.37x Average Subscription
Key Insights from July 2026 IPO Listings
GMP slightly overestimated Mainboard performance but underestimated SME performance. Mainboard IPOs averaged 11.90% listing gains against 12.52% GMP, while SME IPOs averaged 22.42% against 20.56% GMP.
GMP expectations were broadly balanced overall. Of 34 IPOs, 17 (50%) listed below GMP expectations, 16 (47%) listed above, and 1 (3%) listed in line.
SME IPOs delivered stronger-than-expected listing gains. Half of the 20 SME IPOs outperformed GMP expectations, with actual average listing gains exceeding average GMP by 1.86 percentage points.
July showed a more balanced GMP–listing relationship than June. Unlike June, when GMP generally overestimated listing gains, July produced a mixed outcome, highlighting that GMP should be used alongside fundamentals and subscription data rather than as a standalone predictor.
