Four mainboard IPOs closed for subscription on Tuesday, with Orient Cables attracting the highest investor interest at 82.59 times oversubscription, followed by German Green Steel and Power at 22.94 times. AceVector and Runwal Enterprises also received subscriptions exceeding their respective offer sizes at 3.93 times and 2.09 times respectively. The strong demand reflects robust investor appetite across different sectors, with Orient Cables' QIB portion subscribed 155.45 times, German Green Steel's NII category at 51.59 times, and AceVector's NII portion at 7.27 times. These shares are tentatively scheduled to list on bourses on October 5, 2026.
Moneyview IPO allotment status is expected to be finalized today, September 29, following a strong response from investors. The ₹1,092 crore issue received exceptional subscription of 98.46 times by the end of bidding on September 28, with bids received for around 228.95 crore shares against 23.25 crore shares on offer. Qualified Institutional Buyers (QIBs) subscribed 227.45 times for their portion, Non-Institutional Investors (NIIs) were subscribed 115.41 times, and Retail investors booked their quota 19.57 times. The company raised ₹327.5 crore through its anchor book with 9.63 crore shares allotted to institutional investors at ₹34 apiece. The IPO comprises a fresh issue of ₹750 crore and an offer-for-sale of ₹341.68 crore by existing shareholders.
The grey market premium for Moneyview remains elevated ahead of the allotment, with shares commanding a premium of around ₹12.75, implying an indicative listing price of about ₹46.75 against the upper IPO price of ₹34. This translates into a premium of around 37.5%. The grey market premium is an unofficial indicator based on activity in the unlisted market and does not guarantee the actual listing price or post-listing performance. The issue had a price band of ₹32-34 per share with a minimum lot size of 441 shares, making the minimum investment for retail investors ₹14,994 at the upper end. Refunds and credit of shares to successful applicants are expected on September 30, with shares scheduled to list on both BSE and NSE on October 1st.
A-One Steels, founded in 2012, operates as a backwards-integrated steelmaker with six manufacturing plants across Karnataka and Andhra Pradesh, producing HR and CR coils, HR and CR pipes, galvanised tubes and TMT bars. The firm takes HR and CR coils from MS billets (semi-finished steel materials) and converts them into HR pipes, CR pipes, and galvanized tubes. A-One Steels also produces TMT bars from MS billets as long steel products and manufactures industrial products like met coke and silicon manganese/ferrosilicon. Its products are used in various industries including construction, infrastructure, power plants, dams, airports, bridges, flyovers, stadiums, highways, marine structures, industrial buildings, and high-rise residential constructions.
Moneyview reported exceptional financial performance in the June 2026 quarter, with consolidated net profit rising to ₹173.8 crore compared to ₹67.2 crore in the corresponding quarter of the previous fiscal year. Revenue from operations increased 50.2% year-on-year to ₹1,041.1 crore from ₹693 crore. For the financial year ended March 2026, the company's profit increased 1.2% year-on-year to ₹244.1 crore, while revenue rose 43.3% to ₹3,351.2 crore. In Q1 FY2027, revenue increased 50% year-on-year to ₹1,041.11 crore, while PAT rose 159% to ₹173.80 crore. The company plans to deploy ₹575 crore from fresh issue proceeds towards increasing loan disbursals under default loss guarantee (DLG) arrangements and ₹250 crore for strengthening the capital base of Whizdm Finance, its material subsidiary. Moneyview is a Bengaluru-based digital financial services platform that connects consumers with banks, NBFCs, insurers and other financial institutions, offering personal loans, insurance, credit cards, digital gold, payments and other financial services through a technology-led platform.
