IPO GMPs: Behari Lal Engineering IPO vs Shiprocket IPO vs Milky Mist IPO — what grey market hints ahead of opening
The Indian IPO market is active with major companies launching public issues, including Milky Mist Dairy Food, Behari Lal Engineering, and Shiprocket. Investors are monitoring price bands and GMP trends, which indicate a positive listing outlook for the upcoming offers.
The Indian IPO market is set for a busy week, with several companies gearing up to launch their public issues across sectors ranging from dairy and engineering to e-commerce. Among the key offerings lined up are the Milky Mist Dairy Food IPO, Behari Lal Engineering IPO, and Shiprocket IPO.
With three issues opening over the next few days, investors will be closely tracking their price bands, issue sizes, and fresh-issue and OFS components.
Let's take a look at the issue details and grey market premium (GMP) trends for the upcoming IPOs:
Milky Mist Dairy Food IPO GMP today
Milky Mist IPO GMP today is +26. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Milky Mist Dairy Food share was ₹166 apiece, which is 18.57% higher than the IPO price of ₹140.
Based on grey market activity over the past six sessions, the IPO's GMP is trending upward today, suggesting a positive outlook for the listing. Throughout this timeframe, the GMP varied from a minimum of ₹0.00 to a maximum of ₹27, as noted by experts.
Dairy products maker Milky Mist Dairy Food Ltd has fixed the price band for its ₹1,553 crore IPO at ₹133-140 per share. The public issue will open for subscription on 11 August and close on 13 August, while the anchor investor bidding will take place on 10 August.
The Milky Mist IPO comprises a fresh issue of equity shares worth up to ₹1,428 crore and an Offer For Sale (OFS) of shares worth up to ₹125 crore. The company had initially planned to raise ₹2,035 crore through its maiden IPO, according to its draft papers.
At the fixed price band, Milky Mist is expected to command a post-issue market capitalisation of around ₹10,310 crore to ₹10,778 crore. The IPO comes after the company raised ₹482 crore in a pre-IPO funding round in May from Jongsong Investments Pte Ltd, an indirect wholly owned subsidiary of Temasek Holdings.
Behari Lal Engineering IPO GMP today
Behari Lal Engineering IPO GMP today is +25. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Behari Lal Engineering share was ₹310 apiece, which is 8.77% higher than the IPO price of ₹285.
Based on grey market activity over the past five sessions, the IPO's GMP is trending upward today, suggesting a strong listing is anticipated. Throughout this timeframe, the GMP fluctuated between ₹0.00 and ₹30, according to experts.
Engineering castings and alloy steel products manufacturer Behari Lal Engineering has fixed a price band of ₹271-285 per share for its ₹302 crore IPO. The Behari Lal Engineering IPO will open on 12 August and remain open until 14 August, with anchor investor bidding scheduled for 11 August.
At the upper end of the price band, the IPO is valued at around ₹302 crore. The issue comprises a fresh issue of up to ₹93 crore worth of equity shares and an OFS of up to 73.20 lakh equity shares by existing shareholders.
Shiprocket IPO GMP today
Shiprocket IPO GMP today is +23.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Shiprocket share was ₹120.5 apiece, which is 24.23% higher than the IPO price of ₹97.
Following the grey market performance over the past five sessions, the IPO's GMP is trending upward today, suggesting a positive listing outcome. Experts report that during this timeframe, the GMP fluctuated between ₹14.00 and ₹23.50.
Temasek-backed e-commerce enablement platform Shiprocket Ltd has fixed a price band of ₹92-97 per share for its ₹1,617.5 crore IPO. The Shiprocket IPO will open for subscription on 12 August and close on 14 August, with the anchor book opening on 11 August.
The IPO comprises a fresh issue of equity shares worth up to ₹885.50 crore and an OFS component of up to ₹732 crore. Existing shareholders, including Lightrock, Tribe Capital, Moore Strategic Ventures, Agility International Investment, Gautam Kapoor, Saahil Goel and Vishesh Khurana, will sell shares through the OFS.
Shiprocket has reduced the size of its IPO from the ₹2,342.3 crore proposed in its updated draft red herring prospectus filed in December 2025.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
About the Author
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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