GENERAL16 Sept 2026
IPO GMP check: LCC Projects leads, Manipal Payment may see tepid listing
Six mainboard IPOs will list on Thursday, September 17. LCC Projects leads with a grey market premium of ₹46, while Manipal Payment & Identity Solutions has the lowest GMP, pointing to a ₹10 discount to its issue price. Grey market premium (GMP) is an unofficial signal of listing-day demand. If you applied for any of these, treat GMP as a rough guide, not a promise of profit.
Key Statutory Highlights
- Six mainboard IPOs are set to list on Thursday, September 17, and investors are tracking grey market premiums ahead of listing.
- LCC Projects has the highest GMP at ₹46, followed by Karamtara Engineering at ₹40, while Manipal Payment & Identity Solutions has the lowest GMP.
- Manipal Payment & Identity Solutions may list at ₹329, a ₹10 discount to its upper price band of ₹339.
Actionable Advice for Taxpayers / Founders:If you bid for any of these IPOs, check your allotment status and note that grey market premium is unofficial and can move sharply before listing, so please do not base your decision on it alone.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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