Autofurnish are set to make its stock market debut on Friday, with grey market signals indicating muted investor sentiment ahead of listing. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, implying no premium over the issue price in the unofficial market.The BSE SME IPO had opened for subscription between May 21 and May 25, while the allotment was finalised on May 26. The shares are scheduled to list on the BSE SME platform on May 29. The IPO was a fixed price issue aggregating around Rs 14.6 crore and consisted entirely of a fresh issue of 35.61 lakh shares.The company had fixed the issue price at Rs 41 per share. Investors were required to apply for a minimum of 6,000 shares, translating into a minimum investment of Rs 2.46 lakh for retail investors. For HNI investors, the minimum application size was 9,000 shares amounting to Rs 3.69 lakh.Incorporated in 2015, Autofurnish is engaged in the manufacturing and trading of automotive accessories. The company primarily operates in the business-to-business segment and focuses on products such as body covers, foot mats and other automobile accessories for cars and two-wheelers.Its products are sold under the “Autofurnish” and “Mototrance” brands. The company also has exposure to the direct-to-consumer segment through online platforms including Amazon, Flipkart, Zepto and its own website via its subsidiary operations.Autofurnish said its manufacturing facilities are certified under multiple ISO and quality standards, including IATF and GMP certifications. The IPO proceeds are expected to be used for working capital requirements and general corporate purposes.The flat GMP reflects cautious investor sentiment toward SME IPOs amid broader market volatility and selective participation in smaller public issues. Grey market premiums are unofficial indicators of investor sentiment and do not guarantee actual listing performance.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)