Vishal Nirmiti Vs Nityas Gems And Jewellery IPO Day 1: What GMP Signals, Should You Subscribe?
A ipo & listings development with market-wide reach.
30 Sept 2026 · NDTV Profit, Economic Times Markets, LiveMint Markets
The key point for investors on IPO Day 1 is the difference in their grey market premium (GMP). Last checked, Vishal Nirmiti IPO was commanding a GMP of Rs 2, while Nityas Gems & Jewellery IPO was trading at a GMP of Rs 9 in the grey market.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
Related coverage
Jio IPO likely by Oct end at enterprise valuation of above ₹12 trillion
Wizz Financial bets on India with cross-border fintech push, eyes 2029 IPO
Kanohar Electricals soars 20%; stock up 79% from IPO price in three weeks
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
PSP Projects share gains 4% on launching Rs 244-crore QIP