The basis of allotment for four mainboard initial public offerings - Orient Cables (India), German Green Steel & Power, AceVector (Snapdeal), and Runwal Enterprises - is scheduled to be finalised today, September 30, 2026, after the four issues collectively raised ₹1,775.90 crore from the public markets. The IPOs were open for subscription from September 25 to September 29, with shares scheduled to be listed on the BSE and NSE on Monday, October 5. Investors can check their allotment status through the BSE, NSE, or the registrar appointed for respective IPOs. The subscription period ended on September 29, with Orient Cables recording the highest subscription at 92.27 times, followed by German Green Steel & Power at 28.98 times, AceVector at 4.93 times, and Runwal Enterprises at 2.50 times.
Orient Cables India Ltd. has established a commanding lead in the grey market premium race, with shares showing strong investor interest ahead of today's listing. According to ET Now, the company's latest grey market premium stands at ₹122-123, updated on September 29, 2026, with the premium now at 44.85% over the upper price band. At the upper price band of ₹272, the estimated listing price is ₹397, implying a potential 44.85% gain for investors. The IPO received bids for 1,38,18,98,540 shares against 1,49,76,743 shares on offer, resulting in 92.27 times subscription. Particularly strong demand came from qualified institutional buyers at 182.76 times and non-institutional investors at 115.63 times, while retail individual investors subscribed 30.55 times their reserved portion. The ₹552 crore issue comprises fresh shares worth ₹320 crore and offer for sale of ₹232 crore, with proceeds intended for capital expenditure, borrowing repayment, and general corporate purposes.
While Orient Cables dominates the premium race, other major IPOs show more modest expectations. German Green Steel & Power recorded 28.98 times subscription, with non-institutional investors subscribing 54.03 times their reserved quota and retail individual investors at 22.82 times. The company's grey market premium indicates potential gains of 8.5% at its upper price band of ₹139. AceVector (Snapdeal) achieved 4.93 times subscription with non-institutional investors subscribing 8.16 times and retail investors at 4.62 times. Its grey market premium suggests potential gains of 6% at the upper price band of ₹32. Runwal Enterprises recorded 2.50 times subscription with non-institutional investors subscribing 3.89 times and qualified institutional buyers also at 3.89 times. The company's grey market premium indicates minimal gains of 1% at its upper price band of ₹305.
The four IPOs represent significant market offerings with varying structures and investor interest levels. Orient Cables is a ₹552 crore issue comprising fresh shares worth ₹320 crore and offer for sale of ₹232 crore. German Green Steel & Power is a ₹303.90 crore issue with fresh shares of ₹290 crore and offer for sale of ₹13.90 crore. AceVector is a ₹420 crore issue with fresh shares of ₹287 crore and offer for sale of ₹133 crore. Runwal Enterprises is entirely a fresh issue of ₹500 crore with 1.64 crore shares. All IPOs opened for subscription on September 25 and closed on September 29, with final allotment expected today and tentative listing dates fixed for October 5, 2026 on both NSE and BSE. The Orient Cables issue had a price band of ₹258-272 per share with a lot size of 55 shares, requiring a minimum investment of ₹14,960 for retail investors.
All four IPOs are scheduled for final allotment today, September 30, 2026, with shares listed on the BSE and NSE on Monday, October 5, 2026. The grey market premium trends suggest that while Orient Cables is positioned for significant listing gains with its 44.85% premium, the other three IPOs may see more modest performance. German Green Steel & Power shows potential for moderate returns with its 8.5% premium, while AceVector and Runwal Enterprises indicate minimal gains with their respective premiums. The premium trends indicate that Orient Cables has maintained its lead in the grey market, with the other three IPOs pointing to flat listings or minimal gains. Investors can check their allotment status through multiple platforms including BSE, NSE, and registrar websites, with Orient Cables shares scheduled to hit the secondary market at 10 AM on October 5. Refunds for non-allottees are expected to be processed on October 1, while shares allotted to successful bidders are likely to be credited to their Demat accounts the same day.
