IPO GMPs, March 17 -- The Indian IPO market continues to be active in March 2026, even in the face of volatility caused by crude prices and geopolitical tensions, with over 10 offerings (Mainboard/SME) lined up and robust subscription trends in the SME segment. While mainboard activity has slowed due to foreign institutional investor outflows, the average oversubscription rate for SMEs has reached 100 times, as per reports.

On the mainboard front, the initial public offering (IPO) of the Central Mine Planning & Design Institute (CMPDI), Coal India arm, is witnessing strong demand in the grey market. The CMPDI IPO's grey market premium (GMP) has increased by more than 12% ahead of its launch this week (on Friday, March 20).

As per market...