GENERAL22 Sept 2026
IPO GMPs: Adroit Industries IPO, Swastika Infra IPO to Elevate Campuses IPO | What grey market hints ahead of opening? | Stock Market News
On 23 September, four initial public offerings (IPOs) open for subscription — ArMee Infotech, Swastika Infra, Adroit Industries and Elevate Campuses — aiming to raise about ₹2,700 crore in three days. Elevate Campuses is the largest at ₹2,100 crore. Adroit's grey market premium hints at the strongest listing gain, around 19%, while Swastika's is the weakest. Remember, grey market signals are unofficial.
Key Statutory Highlights
- ArMee Infotech, Swastika Infra, Adroit Industries and Elevate Campuses open for subscription on 23 September and close on 25 September, together seeking around ₹2,700 crore.
- Elevate Campuses is the biggest of the four issues at ₹2,100 crore, with a price band of ₹343 to ₹362 per share.
- Adroit Industries shows the highest grey market premium at ₹26, indicating an estimated listing price of ₹160, about 19.40% above its ₹134 upper price band.
Actionable Advice for Taxpayers / Founders:If you are considering applying, go through each company's prospectus and its own numbers first, and treat grey market premium as an unofficial hint only — not a promise of listing gains.
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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