Madhur Knit Crafts and ABH Healthcare Kick Off IPOs with Strong Early Subscription and Positive GMP on Day 1.

The Indian SME IPO market is currently witnessing heightened activity, with two offerings—Madhur Knit and ABH Healthcare—opening for subscription on August 24, 2026, and set to close on August 27, 2026. Madhur Knit is offering 53 lakh shares with a price band of Rs 95 to Rs 100, while ABH Healthcare is issuing 34 lakh shares at a price range of Rs 96 to Rs 102. The allotment for both IPOs is expected to be finalized on August 28, and shares are projected to start trading on the NSE SME platform on September 1, 2026. The minimum investment for retail investors will be Rs 2.40 lakh for Madhur Knit and Rs 2.448 lakh for ABH Healthcare at the upper price bands.

In terms of early subscription data, Madhur Knit IPO reported a 1% subscription rate in the early hours, whereas ABH Healthcare IPO saw a slightly higher subscription rate of 2%. Notably, the grey market sentiment reveals a divergence between the two offerings. Madhur Knit is currently commanding a grey market premium (GMP) of Rs 16, indicating a potential listing price of Rs 116. In contrast, ABH Healthcare has no GMP at the moment, suggesting that investors view it less favorably compared to its peer, potentially affecting investor sentiment as the offering progresses.

This development offers critical insights for Indian investors navigating the SME sector. The positive grey market sentiment surrounding Madhur Knit suggests a higher likelihood of strong performance upon listing, which may attract interest from retail investors looking for promising opportunities in the SME space. Conversely, the absence of a GMP for ABH Healthcare raises concerns regarding its market reception, prompting potential investors to closely monitor subscription trends and grey market fluctuations as both IPOs progress towards their listing dates.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)