Orient Cables IPO continues to command the highest grey market premium (GMP) among the four IPOs closing for subscription today, September 29. The latest GMP of Rs 66 indicates a potential listing price of Rs 338 and an implied listing gain of 24.26% over the upper price band of Rs 272.
German Green Steel & Power IPO follows with a GMP of Rs 20 and an implied listing premium of 14.39%. Acevector and Runwal Enterprises are also trading at modest premiums in the grey market.
The four IPOs opened for subscription on September 25 and will close today. Here’s a look at the latest IPO GMP, GMP-implied listing price, subscription status and key details.
IPO GMP Today: Orient Cables, German Green, Acevector, Runwal
| IPO | Latest GMP | Upper Price Band | GMP-Implied Listing Price | Implied Premium |
|---|---|---|---|---|
| Orient Cables | Rs 66 | Rs 272 | Rs 338 | 24.26% |
| German Green | Rs 20 | Rs 139 | Rs 159 | 14.39% |
| Runwal Enterprises | Rs 12 | Rs 305 | Rs 317 | 3.93% |
| Acevector (Snapdeal) | Rs 0.5 | Rs 32 | Rs 32.5 | 1.56% |
Note: GMP is unofficial and based on grey-market activity. GMP-implied listing prices and premiums are indicative and do not guarantee the actual listing price.
Orient Cables IPO GMP Today
The latest GMP for Orient Cables IPO stood at Rs 66 as of 11:30 a.m. on September 29. With the upper price band fixed at Rs 272 per share, the GMP-implied listing price works out to Rs 338.
This indicates a potential listing premium of 24.26% over the upper issue price. However, GMP can change before listing and should not be treated as an official indication of the listing price.
Orient Cables IPO Latest Subscription Status
Orient Cables IPO has been subscribed 21.03 times as of 1:00 p.m. on the final day of bidding, Tuesday, September 29.
- QIBs: 2.63 times
- NIIs: 51.95 times
- RIIs: 18.30 times
Orient Cables IPO Details
- Issue size: Rs 552 crore
- Issue structure: Fresh issue of 1.18 crore shares worth Rs 320 crore and offer for sale of 85.29 lakh shares worth Rs 232 crore.
- Price band: Rs 258-Rs 272 per share
- Lot size: 55 shares
- Minimum retail investment: Rs 14,960 at the upper price band
- Subscription dates: September 25 to September 29, 2026
- Expected allotment: September 30, 2026
- Expected listing: October 5, 2026
- Book running lead manager: IIFL Capital Services Ltd.
- Registrar: Kfin Technologies Ltd.
German Green Steel & Power IPO GMP Today
The latest GMP for German Green Steel & Power IPO stood at Rs 20 as of 11:30 a.m. on September 29.
With the upper price band at Rs 139 per share, the GMP-implied listing price is Rs 159. This indicates a potential listing premium of 14.39% over the upper issue price.
German Green Steel & Power IPO Latest Subscription Status
German Green Steel & Power IPO has been subscribed 12.57 times as of 1:00 p.m. on the final day of bidding on September 29.
- QIBs: 1.75 times
- NIIs: 23.79 times
- RIIs: 13.92 times
German Green Steel & Power IPO Details
- Issue size: Rs 303.90 crore
- Issue structure: Fresh issue of 2.09 crore shares worth Rs 290 crore and offer for sale of 10 lakh shares worth Rs 13.90 crore.
- Price band: Rs 132-Rs 139 per share
- Lot size: 107 shares
- Minimum retail investment: Rs 14,873 at the upper price band
- Subscription dates: September 25 to September 29, 2026
- Expected allotment: September 30, 2026
- Expected listing: October 5, 2026
- Book running lead manager: Systematix Corporate Services Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
Acevector (Snapdeal) IPO GMP Today
The latest GMP for Acevector IPO, the parent company of Snapdeal, stood at Rs 0.5 as of 11:30 a.m. on September 29.
With the upper price band fixed at Rs 32 per share, the GMP-implied listing price is Rs 32.5. This indicates a potential listing premium of 1.56% over the upper issue price.
Acevector (Snapdeal) IPO Latest Subscription Status
Acevector IPO has been subscribed 1.89 times as of 1:00 p.m. on the final day of bidding on Tuesday, September 29.
- QIBs: 1.43 times
- NIIs: 2.37 times
- RIIs: 2.53 times
Acevector (Snapdeal) IPO Details
- Issue size: Rs 420 crore
- Issue structure: Fresh issue of 8.97 crore shares worth Rs 287 crore and offer for sale of 4.16 crore shares worth Rs 133 crore.
- Price band: Rs 30-Rs 32 per share
- Lot size: 468 shares
- Minimum retail investment: Rs 14,976 at the upper price band
- Subscription dates: September 25 to September 29, 2026
- Expected allotment: September 30, 2026
- Expected listing: October 5, 2026
- Book running lead manager: IIFL Capital Services Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
Runwal Enterprises IPO GMP Today
The latest GMP for Runwal Enterprises IPO stood at Rs 12 as of 11:30 a.m. on September 29.
With the upper price band at Rs 305 per share, the GMP-implied listing price is Rs 317. This indicates a potential listing premium of 3.93% over the upper issue price.
Runwal Enterprises IPO Latest Subscription Status
Runwal Enterprises IPO has been subscribed 1.33 times as of 1:00 p.m. on the final day of bidding on Tuesday, September 29.
- QIBs: 1.77 times
- NIIs: 2.20 times
- RIIs: 0.71 times
Runwal Enterprises IPO Details
- Issue size: Rs 499.83 crore
- Issue structure: Entirely a fresh issue of 1.64 crore shares worth Rs 499.83 crore.
- Price band: Rs 290-Rs 305 per share
- Lot size: 49 shares
- Minimum retail investment: Rs 14,945 at the upper price band
- Subscription dates: September 25 to September 29, 2026
- Expected allotment: September 30, 2026
- Expected listing: October 5, 2026
- Book running lead manager: ICICI Securities Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
Orient Cables vs German Green Steel vs Acevector vs Runwal: GMP-Implied Listing Gains Compared
Based on the latest GMP figures, Orient Cables has an implied listing premium of 24.26%, while German Green Steel & Power has an implied premium of 14.39%. Runwal Enterprises and Acevector have GMP-implied listing premiums of 3.93% and 1.56%, respectively.
The GMP-implied gain per minimum lot, based on the latest GMP figures, is:
- Orient Cables: Rs 3,630 per lot (Rs 66 GMP × 55 shares)
- German Green Steel: Rs 2,140 per lot (Rs 20 GMP × 107 shares)
- Runwal Enterprises: Rs 588 per lot (Rs 12 GMP × 49 shares)
- Acevector: Rs 234 per lot (Rs 0.5 GMP × 468 shares)
Grey market premiums are unofficial and can change before the shares list. The actual listing price may differ significantly from the GMP-implied price.
Investors should consider the companies’ financial performance, valuations, business prospects, IPO structure and broader market conditions rather than relying solely on GMP when evaluating these IPOs.
Disclaimer: Investments in initial public offerings are subject to market risks. Investors should read the red herring prospectus and other offer documents carefully and consider seeking advice from a qualified financial adviser before making investment decisions.