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India Records Bumper IPO Activity in September
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Indian IPOs perform strongly, GMPs signal gains.
India’s September IPO lineup saw Anand Rathi Share & Stock Brokers and Jaro Institute launch large offerings, joining Atlanta Electricals and Saatvik Green Energy in the record tally. Strong grey market premiums (GMPs) indicate oversubscription, with Atlanta Electricals’s GMP at ₹95 and Jaro’s at ₹122. Most recent mainboard and SME IPOs closed well above issue price, displaying robust investor interest. Observers expect vibrant listings as subscription data, fundamentals, and sector tailwinds continue supporting healthy aftermarket performance.