SME IPO Mega Watch: Allotment Updates & New Reviews (Dec 2025)
The Indian primary market is witnessing a relentless surge in Small and Medium Enterprise (SME) IPOs. While Mainboard IPOs grab headlines, the real action—and volatility—is happening in the SME segment. In this comprehensive update, we cover the status of four critical IPOs that every investor should have on their radar: Jungle Camps India, Dhanlaxmi Crop Science, Pajson Agro India, and Stanbik Agro.
Whether you are waiting for allotment results or deciding where to park your capital next, this guide breaks down the IPO GMP Today, subscription figures, and listing expectations for each.
🚀 Quick Market Snapshot (Dec 12)
- Jungle Camps: GMP hitting 83% premium. Allotment expected tomorrow.
- Dhanlaxmi Crop: Allotment OUT. Listing on Dec 16.
- Pajson Agro: Subscription Open (Day 2).
- Stanbik Agro: Subscription Open (Day 1).
1. Jungle Camps India IPO: The "Jackpot" Issue?
Status: Closed | Allotment: Dec 13 | Listing: Dec 17
Jungle Camps India has emerged as the star of December. With a business model focused on experiential tourism and wildlife resorts, it tapped into the post-pandemic travel boom. The subscription numbers were staggering, with the total issue subscribed over 277 times, driven by massive HNI interest.
Jungle Camps IPO GMP Today
The Grey Market Premium reflects the scarcity of shares. With such high subscription, allotment will be a lottery.
| Metric | Details |
|---|---|
| Current GMP | ₹60 per share |
| Issue Price | ₹72 |
| Est. Listing Price | ₹132 (₹72 + ₹60) |
| Listing Gain | ~83.33% |
| Profit Per Lot | ₹96,000 (Approx) on 1 Lot |
What Next? The allotment is expected to be finalized on Friday, Dec 13. Investors should keep their PAN numbers ready to check the status on the Skyline Financial Services website.
2. Dhanlaxmi Crop Science: Allotment & Listing Strategy
Status: Allotment Out | Listing: Dec 16 (Monday)
The allotment for Dhanlaxmi Crop Science was finalized on December 12. This agro-chemical company saw a robust demand, subscribed over 66 times in total, with the retail portion fully booked.
Listing Day Forecast (Dec 16)
While not as explosive as Jungle Camps, Dhanlaxmi offers a solid listing gain potential.
- GMP Today: ₹29 - ₹40 per share.
- Listing Estimate: The stock is expected to list in the range of ₹85 - ₹95 (against an issue price of ₹55).
- Strategy: If you have received an allotment, consider booking partial profits (50%) on listing day if the stock opens above ₹90. The agro-sector is cyclical, and locking in 60%+ gains is a prudent strategy.
3. Pajson Agro India: Review (Open Now)
Status: Open | Closes: Dec 15 | Price: ₹112-118
Moving to active IPOs, Pajson Agro India is currently open for subscription. The company processes raw cashew nuts for domestic and export markets. Unlike the previous two, the sentiment here is cautious.
Financial Health & GMP Analysis
| Parameter | Data Points |
|---|---|
| GMP Trend | ₹0 - ₹9 (Flat to Low) |
| Subscription (Day 1) | 1.08x (Fully Subscribed) |
| P/E Ratio | 10.11x (Attractive compared to peers) |
| Minimum Investment | ₹1,34,400 (1 Lot) |
Review: Neutral / High Risk. While the P/E ratio of 10x is attractive compared to peers like Krishival Foods (78x), the low GMP suggests the market isn't expecting immediate fireworks. This is a play for investors who understand the cashew processing commodity cycle. Avoid for listing gains; Apply only for long-term holding if you trust the sector.
4. Stanbik Agro IPO: The "Penny" SME (Open Now)
Status: Open | Closes: Dec 16 | Price: ₹30 (Fixed)
Stanbik Agro stands out because of its low fixed price of ₹30 per share. It operates in contract farming and B2B agricultural supply. However, a low price often attracts inexperienced investors who mistake "cheap price" for "value."
Why You Should Be Careful
- Zero GMP: As of today, there is absolutely no activity in the grey market (GMP ₹0).
- Lot Size Risk: The lot size is 4,000 shares (some sources say 8,000 for retail min application), requiring a heavy investment of ₹1,20,000 to ₹2,40,000. Being stuck with 4,000 shares of an illiquid stock is a major risk.
- Financials: Revenue doubled in FY25 to ₹52 Cr, but the base is small.
Verdict: AVOID. Unless there is a sudden spike in QIB interest by December 16, the liquidity risk outweighs the low entry price. There are better opportunities in the market.
Conclusion: Where to Invest?
The SME market is currently offering two extremes:
- High Reward: Jungle Camps and Dhanlaxmi (for those who got allotted).
- High Risk: Stanbik Agro and Pajson Agro, which are struggling to generate grey market interest.
For the latest updates on these GMPs as they change hour-by-hour, bookmark our dashboard.
Disclaimer: The **IPO GMP** figures quoted here are based on market rumors and are for educational purposes only. We are not SEBI-registered investment advisors. Please consult your financial advisor before bidding.