IPO GMPs: Dhoot Transmission, Molbio Diagnostics, Shiprocket, Behari Lal Engg to Milky Mist — What grey market signals
These five mainboard upcoming IPOs are going to hit the Indian primary market next week
IPO GMPs: Five mainboard initial public offerings (IPOs) — Dhoot Transmission IPO, Molbio Diagnostics IPO, Milky Mist Dairy Food IPO, Shiprocket IPO, and Behari Lal Engineering IPO — are set to hit the Indian primary market next week. Of these five upcoming IPOs, the Dhoot Transmission and Molbio Diagnostics IPOs will open on 10 August 2026, i.e., on Monday. Among the next three main upcoming IPOs, the Milky Mist Dairy Food IPO will open on 11th August 2026, while the remaining two, the Shiprocket IPO and Behari Lal Engineering IPO, will open on 12 August 2026, i.e. on Wednesday. Meanwhile, shares of these companies are available in the grey market well before the opening of these upcoming IPOs, signalling a premium of up to 28%.
Dhoot Transmission IPO GMP
The company management has offered Dhoot Transmission shares at an upper price band of ₹871 per equity share. The public issue will open on 10 August 2026 and remain open until 12 August 2026.
According to market observers, the company's shares are available at a premium of ₹247 in the grey market today. This means the Dhoot Transmission IPO GMP today is ₹247, and the grey market expects the Dhoot Transmission IPO listing price to be around ₹1118. In other words, the grey market hints that an applicant who turns out to be a lucky allottee can also expect up to a 28% return on one's money.
Molbio Diagnostics IPO GMP today
The company's management has offered Molbio Diagnostics shares in the upper price band of ₹807 per equity share. The public issue will open on 10 August 2026 and remain open until 12 August 2026.
According to market observers, the company's shares are available at a premium of ₹180 in the grey market today. This means the Molbio Diagnostics IPO GMP today is ₹180, and the grey market expects the Molbio Diagnostics IPO listing price to be around ₹987. In other words, the grey market hints that an applicant who turns out to be a lucky allottee can also expect up to a 22% return on one's money.
Milky Mist IPO GMP
The company's management has offered Milky Mist Dairy Food shares in the upper price band of ₹140 per equity share. The public issue will open on 11 August 2026 and remain open until 13 August 2026.
According to market observers, the company's shares are available at a premium of ₹24 in the grey market today. This means the Milky Mist IPO GMP today is ₹24, and the grey market expects the Milky Mist Dairy Food IPO listing price to be around ₹164. In other words, the grey market hints that an applicant who turns out to be a lucky allottee can also expect up to a 17% return on one's money.
Shiprocket IPO GMP
The company's management has offered Shiprocket shares in the upper price band of ₹97 per equity share. The public issue will open on 12 August 2026 and remain open until 14 August 2026.
According to market observers, the company's shares are available at a premium of ₹14 in the grey market today. This means the Shiprocket IPO GMP today is ₹14, and the grey market expects the Shiprocket IPO listing price to be around ₹111. In other words, the grey market hints that an applicant who turns out to be a lucky allottee can also expect up to a 14% return on one's money.
Behari Lal Engineering IPO GMP
The company's management has offered Behari Lal Engineering shares at the upper end of the price band of ₹285 per equity share. The public issue will open on 12 August 2026 and remain open until 14 August 2026.
According to market observers, the company's shares are available at a premium of ₹31 in the grey market today. This means the Behari Lal Engineering IPO GMP today is ₹31, and the grey market expects the Behari Lal Engineering IPO listing price to be around ₹316. In other words, the grey market hints that an applicant who turns out to be a lucky allottee can also expect up to a 11% return on one's money.
Conclusion
The grey market is signalling a positive debut for all five mainboard IPOs, which is going to open next week. However, the Dhoot Transmission IPO GMP is signalling the highest 28% listing premium, followed by Molbio Diagnostics IPO GMP (22% listing premium), Milky Mist IPO GMP (17% listing premium), Shiprocket IPO GMP (14% listing premium), and Behari Lal Engineering IPO GMP (11% listing premium).
However, it should be noted that the grey market premium (GMP) is not an ideal indicator of the likelihood of a successful IPO. This is because the grey market has no connection to the company's balance sheet. So, one should review the balance sheets of these companies before making any investment decision regarding these upcoming IPOs.
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
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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