IPO GMPs: CSM Technologies IPO vs Knack Packaging IPO vs Aastha Spintex IPO; here's what GMP hints

Three IPOs are active or upcoming in India's primary market, all commanding grey market premiums above their issue prices. CSM Technologies' ₹145.78-crore IPO, priced at ₹107-113 per share, was subscribed 66% by day two and shows a GMP of +4, indicating an estimated listing price of ₹117. Aastha Spintex will open its ₹170-crore IPO on 29 June at a price band of ₹125-136, with a GMP of +4.75 hinting at a listing around ₹140.75. Knack Packaging's ₹439.5-crore IPO opens on 1 July at ₹161-170 per share, carrying the strongest GMP of +11.5, suggesting an estimated listing price of ₹181.5.