IPO GMP Today: Dhoot, Milky Mist, Shiprocket

 

IPO GMP Today: Dhoot Transmission, Milky Mist, Shiprocket and Behari Lal in Focus

India’s primary market remains busy this week, with Dhoot Transmission, Milky Mist Dairy Food, Shiprocket and Behari Lal Engineering drawing attention from IPO investors. While Dhoot Transmission’s issue has closed and allotment is expected today, Milky Mist is in its final bidding session, while Shiprocket and Behari Lal Engineering are still open for subscription.

The biggest attraction for many investors is the IPO GMP (Grey Market Premium), an unofficial market indicator that reflects sentiment ahead of listing. However, GMP is not regulated by stock exchanges and should not be treated as a guaranteed listing-price forecast. SEBI has also noted that GMP can be influenced by demand, supply, sentiment and other factors, meaning it should be considered alongside fundamentals and subscription data.

Here is a snapshot of what investors should know as of August 13, 2026.

Dhoot Transmission IPO: Issue Closed, Allotment in Focus

Dhoot Transmission has already completed its three-day IPO bidding window, which ran from August 10 to August 12. The issue was valued at roughly ₹3,067 crore, making it one of the larger offerings in the current IPO pipeline.

The company manufactures automotive components including wiring harnesses, sensors and controllers and has exposure to passenger vehicles, commercial vehicles, two-wheelers and electric vehicles.

Grey-market activity remained strong during the issue period. Earlier reports showed a GMP around ₹871, although such quotes can change rapidly and are not official exchange data.

The focus has now shifted from subscription demand to IPO allotment. Investors who applied can check their status through the IPO registrar or the stock exchanges once the basis of allotment is finalized. The Economic Times reported that allotment was expected on August 13.

For investors, the important point is that a strong GMP may indicate positive listing sentiment, but it says little about how the stock will perform over the next few quarters.

Milky Mist IPO: GMP Positive as Bidding Enters Final Day

Milky Mist Dairy Food is attracting attention for a different reason: it offers exposure to India's growing value-added dairy market rather than the traditional liquid-milk business.

The company makes products including paneer, cheese, curd, butter, ghee, yogurt, ice cream and other processed dairy products. Its own website highlights a portfolio of more than 400 products.

The ₹1,553 crore IPO entered its third and final day of bidding on August 13. Reuters reported that the issue had already received bids for 154.16 million shares by Wednesday afternoon, equivalent to 1.88 times the 81.80 million shares on offer.

Market reports placed Milky Mist's GMP at around ₹22, or roughly 15% above its ₹140 upper price band.

The business case is worth examining beyond the grey market. Milky Mist has built an integrated supply chain covering milk procurement, processing and distribution. It has also received backing from Jongsong Investments, an affiliate of Singapore-based Temasek, in a pre-IPO transaction.

That said, investors need to watch leverage, margins and the company's ability to expand beyond its strong South Indian base. Dairy is also a business where raw-material costs can materially influence profitability.

Shiprocket IPO: Strong Retail Interest, But Profitability Matters

Shiprocket is one of the more technology-oriented IPOs in the current group. The company operates an e-commerce enablement and shipping platform aimed at online merchants.

During the second day of bidding, the issue had been subscribed 1.72 times overall, according to the Economic Times, while the retail portion was subscribed 5.76 times. The report also cited a GMP suggesting potential listing gains of around 35%.

Several brokerages have reportedly been positive on the issue. Aditya Birla Money Research and BP Wealth recommended subscribing, while Geojit viewed the IPO favourably for medium- to long-term investors.

But Shiprocket deserves closer scrutiny than simply looking at GMP.

The company has been expanding beyond basic shipping into fulfilment, cross-border logistics, checkout and other e-commerce services. An independent research report highlighted its expanding merchant base and broader logistics platform.

The key question for investors is whether growing scale can translate into sustainable profitability. A fast-growing technology platform can command a premium valuation, but that premium needs to be supported by improving margins and cash generation.

Behari Lal Engineering IPO: Steel Manufacturing in Focus

Behari Lal Engineering is the more traditional industrial story among the four.

The company is launching a ₹302 crore IPO, with its bidding period running from August 12 to August 14. The price band has been fixed at ₹271–₹285 per share.

The issue had already been subscribed more than two times by its second day, according to the Economic Times. Grey-market activity indicated a premium of around 26% at that stage.

For investors, however, steel-related businesses come with a different set of risks. Profitability can be affected by steel prices, energy costs, demand cycles and competition.

Unlike a consumer brand or technology platform, an industrial company's earnings can move significantly with the broader manufacturing and commodity cycle.

IPO GMP Today: What Investors Should Actually Watch

IPO	Current status	Recent GMP indication	Key factor
Dhoot Transmission	Closed; allotment in focus	Around ₹871 reported earlier	Auto components, EV exposure
Milky Mist Dairy Food	Final bidding day	Around ₹22 / ~15%	Value-added dairy
Shiprocket	Open	Around 35% implied in reports	E-commerce logistics
Behari Lal Engineering	Open	Around 26% reported	Steel manufacturing

GMP figures are unofficial and can change rapidly. They are not exchange-verified listing prices.

For a beginner, GMP should be treated as a sentiment indicator, not as a substitute for analysing the company's financial statements.

A high GMP can disappear before listing. Conversely, an IPO with a modest GMP can perform well after listing if its earnings growth and business execution improve.

Which IPO Factor Matters Most?

The four offerings represent four very different investment stories.

Dhoot Transmission is linked to the automobile and EV component ecosystem. Its long-term opportunity depends partly on vehicle production, electrification and the company's ability to expand its component portfolio.

Milky Mist is a consumer and food-processing story. Its opportunity lies in India's shift toward branded, packaged and value-added dairy products.

Shiprocket is a digital infrastructure play on India's e-commerce economy, but investors need to monitor profitability and cash flows carefully.

Behari Lal Engineering offers exposure to industrial manufacturing, where the economic cycle and commodity environment matter more.

That makes a simple “highest GMP = best IPO” approach risky. The four companies have different business models, margins, competitive environments and risk profiles.

What Investors Should Watch Next

For investors tracking these IPOs, the next important catalysts are straightforward:

• Dhoot Transmission: allotment, listing price and post-listing institutional demand.
• Milky Mist: final subscription numbers, allotment and listing performance.
• Shiprocket: QIB participation, final subscription and evidence of improving profitability.
• Behari Lal Engineering: final subscription figures and the quality of institutional demand.

The broader IPO market is also worth watching. Heavy retail participation can create strong listing-day enthusiasm, but sustained share-price performance ultimately depends on earnings, valuation and execution.

Conclusion

The current IPO lineup offers a useful cross-section of India's market: auto components, branded dairy, e-commerce technology and industrial manufacturing. GMP figures suggest healthy pre-listing sentiment across several issues, but they should not be confused with guaranteed returns.

For investors, the better approach is to use GMP, subscription data, valuation, financial performance and business prospects together. The listing day may create the headline, but the company's ability to grow earnings will determine the longer-term story.

Follow the blog for more IPO GMP updates, subscription data, allotment news and market analysis.

This article is for informational and educational purposes only and should not be considered investment advice