Shares of ABH Healthcare and Madhur Knit are set to make their stock market debut today, September 1, on the NSE SME platform. However, investor expectations for a strong listing appear subdued, with grey market trends pointing to limited upside for both SME IPOs.

While the Madhur Knit IPO is commanding a modest Grey Market Premium (GMP) of Rs 2, or around 2% above its issue price, the ABH Healthcare IPO is trading at a GMP of zero, signalling a flat estimated listing.

Madhur Knit IPO Listing Today

The Madhur Knit IPO, which opened for subscription on August 24 and closed on August 27, 2026, is entirely a fresh issue of 53.27 lakh shares aggregating to Rs 53.27 crore. The company had fixed the final issue price at Rs 100 per share, and the shares are scheduled to list on the NSE SME platform today.

Based on the prevailing grey market trend, the Madhur Knit IPO is commanding a GMP of Rs 2 per share. This indicates an estimated listing price of around Rs 102 per share, representing a potential premium of approximately 2% over the issue price. While the GMP suggests a positive debut, the premium remains relatively modest, indicating limited enthusiasm in the unofficial market ahead of the listing.

SKI Capital Services Ltd. acted as the book-running lead manager for the Madhur Knit IPO, while Skyline Financial Services Pvt. Ltd. served as the registrar to the issue.

The company plans to utilise the Rs 53.27 crore raised through the IPO for a combination of capital expenditure, working capital requirements, debt repayment and general corporate purposes. Of the total proceeds, Rs 3.68 crore has been earmarked for capital expenditure, including the purchase of solar panels, while Rs 15.92 crore will be used to meet the company's working capital requirements. A significant portion of Rs 20.85 crore has been allocated towards the prepayment or repayment of certain outstanding borrowings.

The remaining funds will be deployed towards general corporate purposes and issue-related expenses. Madhur Knit has earmarked Rs 7.90 crore for general corporate purposes and Rs 4.93 crore towards issue expenses, taking the total utilisation of the IPO proceeds to Rs 53.27 crore.

The Madhur Knit IPO is currently commanding a Grey Market Premium of Rs 2 per share, equivalent to a 2% premium over the issue price of Rs 100. At the current GMP, the estimated listing price works out to around Rs 102 per share. However, investors should keep in mind that GMP is an unofficial and unregulated indicator of market sentiment. It can fluctuate significantly before listing and does not guarantee the actual listing price or the stock's performance after listing.

ABH Healthcare IPO Listing Today

The ABH Healthcare IPO is also scheduled to list on the NSE SME platform today after its subscription period ran from August 24 to August 27, 2026. The IPO comprised an entirely fresh issue of 34.30 lakh shares, aggregating to Rs 34.98 crore. The company had fixed the IPO price band at Rs 96 to Rs 102 per share.

Fedex Securities Pvt. Ltd. acted as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. was appointed as the registrar.

ABH Healthcare plans to use the IPO proceeds primarily to strengthen its financial position and support its operational requirements. The company has proposed to utilise Rs 17 crore towards the repayment or prepayment of certain borrowings and Rs 5 crore towards meeting its working capital requirements.

A further Rs 8.62 crore has been earmarked for inorganic growth through unidentified acquisitions and general corporate purposes, while Rs 4.36 crore will be used towards issue expenses. The total amount proposed to be utilised across these objectives stands at Rs 34.98 crore.

The grey market sentiment for ABH Healthcare remains subdued, with the IPO currently commanding a GMP of Rs 0 per share. Based on the issue price of Rs 102, this indicates an estimated listing price of around Rs 102, pointing towards a potentially flat debut on the NSE SME platform.

With both IPOs scheduled to list today, Madhur Knit appears to have a slight advantage in terms of grey market sentiment, with a 2% GMP, while ABH Healthcare's zero GMP points towards a flat opening. However, grey market trends are unofficial and can change rapidly, and the actual listing price may differ from these estimates. Investors should also keep in mind that SME stocks can witness sharp price and volume movements after listing.