New Delhi: Four public issues are set to close for subscription today, September 29. The IPOs are Acevector (Snapdeal), Orient Cables (India), German Green Steel and Power, and Runwal Enterprises.
All four issues were showing positive grey market premiums (GMPs) based on the figures cited in the article. Among them, Orient Cables had the highest indicated listing gain at 26.47%. GMP is an unofficial market indicator and can change before listing; it does not guarantee the actual listing price or returns.
Acevector (Snapdeal) IPO GMP and Subscription Status
According to the cited GMP data, Acevector IPO had a grey market premium of ₹2. Against the upper price band of ₹32, this indicated an estimated listing price of ₹34 and a potential listing gain of 6.25%.
By the end of the second bidding day on September 28, the issue was subscribed 1.19 times overall. The retail portion was subscribed 1.43 times, while the QIB category excluding anchor investors received 1.05 times subscription. The NII portion was subscribed 1.31 times. Current reports also confirmed that the Acevector issue had crossed full subscription by the second day.
Price band: ₹30–32 per share
Lot size: 468 shares
Minimum investment: ₹14,976
Allotment date: September 30
Listing date: October 5
Orient Cables IPO GMP and Subscription Status
Orient Cables recorded a grey market premium of ₹72 in the cited data. With the upper end of its price band fixed at ₹272, the estimated listing price stood at ₹344, translating into an indicated listing gain of 26.47%.
At the close of September 28, the IPO had been subscribed 8.77 times overall. The retail category was subscribed 9.66 times, while the QIB category excluding anchor investors stood at 0.06 times. The NII portion received 18.31 times subscription. Reports on the final bidding day show that the issue continued to attract strong demand and remained above eight times subscribed.
Price band: ₹258–272 per share
Lot size: 55 shares
Minimum investment: ₹14,960
Allotment date: September 30
Listing date: October 5
German Green Steel IPO GMP and Subscription Status
German Green Steel IPO had a reported GMP of ₹24.5. Based on the upper price band of ₹139, the estimated listing price was ₹163.5, suggesting an indicated listing gain of 17.63%.
The issue was subscribed 5.39 times overall by the end of Day 2 on September 28. The retail portion received 6.47 times subscription, while the QIB category excluding anchor investors was subscribed 1.40 times. The NII category was subscribed 8.22 times. The IPO entered its final bidding day on September 29.
Price band: ₹132–139 per share
Lot size: 107 shares
Minimum investment: ₹14,873
Allotment date: September 30
Listing date: October 5
Runwal Enterprises IPO GMP and Subscription Status
Runwal Enterprises had a reported grey market premium of ₹14. With the issue’s upper price band at ₹305, the estimated listing price was ₹319, implying a potential listing gain of 4.59%.
At the end of Day 2 on September 28, the IPO had received 0.75 times subscription overall. The retail portion stood at 0.45 times, while the QIB category excluding anchor investors was subscribed 1.11 times. The NII portion was at 0.99 times subscription. The issue entered its final day of bidding on September 29.
Price band: ₹290–305 per share
Lot size: 49 shares
Minimum investment: ₹14,945
Allotment date: September 30
Listing date: October 5
Disclaimer
Grey market premium figures are unofficial and may change quickly depending on market conditions. They should not be treated as a guarantee of an IPO’s listing price or investment returns. This article is intended solely for informational purposes and does not constitute investment advice or a recommendation to subscribe to, buy or sell any IPO, shares, mutual funds, commodities, precious metals, REITs, InvITs, alternative investment products or crypto assets. Investors should conduct their own research and consider the relevant risks before making any investment decision.