5 IPOs opening this week. GMPs suggest up to 70% listing gain

The IPO market is off to a steady start in the new year with 5 IPOs opening this week. Early grey market signals suggest strong investor interest in select names, with indications of listing gains of up to 70% in one marquee issue.

The Bharat Coking Coal IPO stands out as the most tracked issue of the week. Grey market premium for the stock is hovering around Rs 16–17, implying potential listing gains of over 70% against the issue price. The Coal India subsidiary has attracted attention due to its strategic importance and strong sector positioning.

Among SME offerings, Gabion Technologies has generated strong early interest. The stock is commanding a grey market premium of around Rs 30, translating into a potential listing gain of about 37%.

Victory Electric Vehicles opens this week on the SME platform with a fixed-price issue. While there is no active grey market premium yet, the issue is being watched closely due to its exposure to the electric mobility theme.

Yajur Fibres, another SME issue opening this week. Though grey market activity is currently muted, investors tracking sustainability-linked businesses are keeping the issue on their radar.

Defrail Technologies rounds out the week's IPO calendar. Grey market indicators are yet to reflect any premium, suggesting a more cautious approach from investors.

The IPO calendar for the week may not be crowded, but select offerings -- especially Bharat Coking Coal and Gabion Technologies -- are drawing strong attention. Investor appetite remains stock-specific, with quality, visibility and valuation continuing to dictate subscription trends rather than sheer volume of issues.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)