Synopsis: The IPO market is seeing a split trend yesterday, Friday, March 27, 2026. While small-scale (SME) IPOs like Highness Microelectronics are attracting massive interest with high premiums, larger mainboard issues like Powerica and Sai Parenterals are trading flat. This shows that investors are currently favoring specialized, high-growth small companies over larger industrial ones.
IPO GMP Updates March: Highness Soars, Others Flat
Mainboard IPOs: Why Big Names are Seeing Muted Demand
Large companies often struggle to show immediate gains if their starting price is considered “full.” Here is how the big players are doing:
- Sai Parenterals & Powerica: Both are closing for subscription yesterday. Why are they flat? Investors feel the prices are already at their peak, leaving little room for a “first-day profit.” Both have a GMP of ₹0, suggesting a flat listing.
- Amir Chand Jagdish Kumar (Aeroplane Rice): This IPO is also closing yesterday. It has a tiny GMP of ₹7, suggesting a 3% gain. How to view it? While the business is growing fast, experts say the high starting price is keeping the “Grey Market” excitement low.
SME IPOs: Why Small Stocks are Getting More Attention
Smaller companies often provide bigger listing day surprises because they have less supply and high demand.
- Highness Microelectronics: This is the star of the week. Why is it surging? It was subscribed 35 times over, and the GMP has hit ₹30. This points to a 25% profit on the first day.
- Vivid Electromech & Emiac Technologies: These are currently open for bidding. While their current GMP is ₹0, analysts are watching them closely because they belong to high-growth tech sectors.
Latest Allotment & Listing Tracker
| Company Name | Status | Price Band | GMP yesterday | Est. Listing |
| Highness Microelectronics | Closing yesterday | ₹114 – ₹120 | ₹30 | ₹150 (+25%) |
| Amir Chand Jagdish Kumar | Closing yesterday | ₹201 – ₹212 | ₹7 | ₹219 (+3%) |
| Powerica | Closing yesterday | ₹375 – ₹395 | ₹0 | ₹395 (Flat) |
| Sai Parenterals | Closing yesterday | ₹372 – ₹392 | ₹0 | ₹392 (Flat) |
| Speciality Medicines | Allotted | ₹117 – ₹124 | ₹0 | ₹124 (Mar 30) |
| CMPDI | Allotted | ₹163 – ₹172 | ₹1.5 | ₹173.5 (Mar 30) |
| Tipco Engineering | Allotment Yesterday | ₹84 – ₹89 | ₹0 | ₹89 (Apr 01) |
Also read about Tipco Engineering IPO Allotment
What This Means for a Layman
Think of a GMP (Grey Market Premium) as a “sneak peek” or a rumor about what a stock might be worth. A high GMP means people are fighting to get the stock before it even hits the market.
Currently, the market is telling us that Highness Microelectronics is the most wanted “hot item,” while the others are like reliable but slow-moving products on a shelf.
Disclaimer: The views expressed are for informational purposes only and do not constitute financial advice. Investing in stocks and IPOs involves significant risk.forgeup.in is not liable for any financial losses. Always consult a certified investment advisor before making any decisions.