Synopsis: The primary market on Thursday, March 19, 2026, is centered on the upcoming CMPDI IPO, which continues to command a strong double-digit grey market premium. Following the closure of the GSP Crop Science and Innovision issues, investors are shifting focus toward state-backed value plays, while the SME segment remains a hotspot for high-risk listing gains.
CMPDI Latest IPO GMP Today: Dominates IPO Sentiment
Despite the volatility in the broader indices like Nifty IT, the IPO “grey market” remains resilient for quality issues. While agrochemical and service-based IPOs have recently struggled to debut at significant premiums, the energy and consultancy sectors – led by Coal India subsidiaries – are seeing robust demand from both retail and HNI segments.
Current IPO GMP & Key Dates (March 19, 2026)
The following table summarizes the unofficial premiums for the most anticipated public offerings.
| IPO Name | Status | Price Band | Latest GMP | Est. Listing | Gain (%) |
| CMPDI (PSU) | Opens Tomorrow | ₹163–₹172 | ₹24 | ₹196 | ~13.95% |
| GSP Crop Science | Allotment Soon | ₹304–₹320 | ₹0 | ₹320 | 0.00% |
| Novus Loyalty (SME) | Active (Day 3) | ₹139–₹146 | ₹8 | ₹154 | ~5.48% |
Analysis of Top IPO Contenders
1. CMPDI (Central Mine Planning & Design Institute)
The ₹1,824 crore CMPDI IPO from the Coal India arm opens for public subscription tomorrow, March 20.
- Anchor Demand: Reports suggest the anchor portion was oversubscribed by 8x yesterday, with marquee global funds participating.
- GMP Trend: The premium has ticked up from ₹19 to ₹24 over the last 48 hours, signaling high confidence in its ₹172 upper price band.
2. GSP Crop Science
The subscription ended with a muted response, particularly from retail investors.
- Current Status: The basis of allotment is expected by March 20.
- Listing Outlook: With a ₹0 GMP, the market is bracing for a flat or slightly discounted listing on March 24. Analysts cite high inventory levels in the agrochemical sector as a primary deterrent.
3. Innovision Ltd
After the allotment was finalized on March 18, investors are now awaiting the listing tomorrow, March 20.
- Negative GMP: The stock is still showing a negative premium of -₹22, warning of a potential “red” debut on the bourses.
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SME Segment: High-Velocity Premiums
- Apsis Aerocom: Successfully listed on March 18 with a 12% gain, largely in line with its final grey market indications.
- Novus Loyalty: On its final day of bidding today, the issue is 3.4x subscribed. The GMP has surfaced at ₹8, offering a small cushion for SME investors.
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