Synopsis: The primary market on Tuesday, March 17, 2026, reflects a cautious tone as investors favor stability over aggressive growth. While the Coal India subsidiary CMPDI is attracting strong interest with a double-digit grey market premium ahead of its launch, active mainboard issues like GSP Crop Science and the extended Innovision Ltd are struggling to generate significant “grey market” heat amidst broader sectoral volatility.
CMPDI IPO GMP Today: 12% Premium Ahead of March 20 Open
Despite the Nifty 50 staging a recovery, the IPO space remains selective. Agrochemicals and manpower services are seeing muted retail participation, whereas state-backed consultancy and mining firms continue to be the preferred “safe-haven” bets for listing gains.
Current IPO GMP & Subscription Status (March 17, 2026)
The following table tracks the unofficial premiums and current demand for the most watched public issues.
| IPO Name | Status | Price Band | Latest GMP | Est. Listing | Gain (%) |
| GSP Crop Science | Active (Day 2) | ₹304–₹320 | ₹0 | ₹320 | 0.00% |
| Innovision Ltd | Closing Today | ₹494–₹519 | ₹17 | ₹536 | ~3.28% |
| CMPDI (PSU) | Upcoming | ₹163–₹172 | ₹22 | ₹194 | ~12.79% |
| Novus Loyalty (SME) | Active (Day 1) | ₹139–₹146 | ₹0 | ₹146 | 0.00% |
Key Highlights: Active & Upcoming Issues
1. GSP Crop Science (Day 2 Updates)
The ₹400 crore agrochemical issue has seen a lukewarm response. As of 3:00 PM on Day 2, the total subscription stands at 0.78x. While QIBs (1.28x) and NIIs (1.55x) have covered their portions, retail interest remains exceptionally low at 0.17x. The ₹0 GMP indicates that the market expects a flat listing on March 24.
2. Innovision Ltd (Final Call)
After extending its bidding window due to initial weakness, the Innovision IPO closes today. The revised price band (₹494–₹519) helped push total subscription to 2.67x. A steady GMP of ₹17 suggests investors are pricing in a modest “safety margin” for this facility management player.
3. CMPDI: The “Grey Market” Star
Scheduled to open on March 20, the Central Mine Planning & Design Institute (CMPDI) is currently the most anticipated launch. The ₹22 GMP reflects high confidence in the Coal India subsidiary, especially following the blockbuster debut of Bharat Coking Coal earlier this year.
SME Segment Watch
- Apsis Aerocom: Following its successful subscription, the allotment is finalized, and the shares maintain a GMP of ₹18. Listing is expected on March 18.
- Novus Loyalty: This SME issue opened today with a price band of ₹139–₹146. Early activity shows a flat GMP, as retail investors wait for Day 2 subscription cues before committing capital.
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