IPO GMPs: As the first market heats up, three initial public offerings (IPOs) are vying for investor consideration this week, every providing a really totally different threat–reward profile. Clean Max Enviro Energy Solutions and Shree Ram Twistex opened for subscription right now, February 23, 2026, and can shut on February 25, with listings anticipated on March 2. Meanwhile, the Gaudium IVF & Women’s Health IPO, which opened on Friday, is ready to shut tomorrow, February 24.
For traders monitoring potential itemizing features, gray market premium (GMP) tendencies present an early indicator of sentiment. However, the scale, construction and momentum of those three points range sharply, making it vital to evaluate every by itself deserves.
Below is an in depth have a look at the most recent GMP indicators for all three IPOs.
GAUDIUM IVF IPO GMP TREND
The newest GMP for the Gaudium IVF IPO stands at ₹7.5. At the higher finish of the value band of ₹79, the implied itemizing worth works out to be round ₹86.5, indicating a possible upside of 9.49% per share.
The GMP for Gaudium IVF has declined from ₹8.5 within the earlier two periods, February 21 and 22. Before that, it was ₹8 on February 20. However, the GMP was ₹15 on February 17 and ₹12 on February 18.
SHREE RAM TWISTEX IPO GMP TREND
The present GMP for the Shree Ram Twistex IPO is ₹5. Based on the higher worth band of ₹104, the estimated itemizing worth is round ₹109, translating right into a attainable achieve of 4.81% per share.
The GMP has cooled from earlier highs. It stood at ₹15 on February 17 and ₹12 on February 18, earlier than easing to ₹8 on February 20 and ₹8.5 on February 21 and 22. Over the previous a number of days, nevertheless, it has stabilised at round ₹5, indicating regular however muted gray market curiosity.
CLEAN MAX IPO GMP TREND
Clean Max Enviro Energy Solutions IPO GMP right now is ₹3. At the higher worth band of ₹1,053, this implies an estimated itemizing worth of roughly ₹1,056, implying a marginal upside of 0.28% per share.
The gray market sentiment for Clean Max has weakened noticeably in current days. GMP stood at ₹14 on February 17, fell to ₹9 on February 18, dropped additional to ₹3 on February 19 and 20, edged as much as ₹4 on February 21 and 22, and has now slipped again to ₹3.
This development signifies cooling enthusiasm because the IPO opens for bidding, with anticipated itemizing features remaining modest primarily based on present gray market cues.
IPO Details
Gaudium IVF: The IPO of Gaudium IVF consists of a recent situation of 1.13 crore fairness shares, together with an offer-for-sale (OFS) of 94.93 lakh shares by promoter and founder Dr Manika Khanna. The firm goals to lift ₹165 crore throughout the bidding window from February 20 to February 23, with shares supplied in a worth band of ₹75 to ₹79 every. Part of the proceeds shall be used for working capital wants and basic company functions.
The allotment is anticipated to be finalised on February 25, 2026. Shares shall be credited to profitable bidders’ demat accounts on February 26, whereas refunds to non-allottees shall be processed the identical day. The IPO is slated to record on the BSE and NSE on February 27, 2026.
By the top of the primary day, the difficulty was subscribed 0.90 occasions, with bids acquired for 1.27 crore shares towards 1.46 crore shares on supply, based on alternate information. Sarthi Capital Advisors Pvt Ltd is the book-running lead supervisor, and Bigshare Services Pvt Ltd is the registrar.
Shree Ram Twistex: The Shree Ram Twistex mainboard IPO is a book-built situation of ₹110.24 crore and is totally a recent situation of 1.06 crore fairness shares. The worth band has been fastened at ₹95 to ₹104 per share.
The foundation of allotment is anticipated to be finalised on Thursday, February 26, 2026, whereas the inventory is prone to record on the NSE and BSE on Monday, March 2, 2026.
As per the purple herring prospectus (RHP), the corporate plans to deploy ₹7.85 crore to arrange a 6.1 MW solar energy plant for captive consumption and ₹39 crore in the direction of a 4.2 MW wind energy plant. It will even use ₹14.9 crore for debt compensation and ₹44 crore to fulfill working capital necessities, with the stability earmarked for basic company functions.
Bigshare Services is the registrar to the difficulty, whereas Interactive Financial Services is the only book-running lead supervisor.
Clean Max: Clean Max Enviro Energy Solutions IPO is a book-built situation of ₹3,100 crore, comprising a recent situation of 1.14 crore shares aggregating to ₹1,200 crore and an offer-for-sale of 1.80 crore shares amounting to ₹1,900 crore. The worth band has been set at ₹1,000 to ₹1,053 per share.
The foundation of allotment is scheduled to be finalised on Thursday, February 26, with refunds initiated the identical day. Shares shall be credited to demat accounts on Friday, February 27, and the inventory is anticipated to list on the BSE and NSE on Monday, March 2.
From the recent situation proceeds, ₹1,125 crore shall be utilised for debt compensation, whereas the remaining quantity shall be used for basic company functions. The IPO is being managed by Axis Capital, JP Morgan India, HSBC Securities and Capital Markets (India), IIFL Capital Services, Nomura Financial Advisory and Securities (India), BOB Capital Markets, and SBI Capital Markets.
Disclaimer: This story is for data functions solely. We advise traders to verify with licensed specialists earlier than making any funding selections.
