Four companies — Orient Cables, Runwal Enterprises, Acevector (Snapdeal's parent company), and German Green Steel & Power — made their highly anticipated stock market debuts on Monday, October 5. These initial public offerings (IPOs) collectively raised Rs 1,776 crore from investors during their subscription period from September 25-29, 2026.
Orient Cables (India) Leads with Blockbuster Gains
Orient Cables (India) emerged as the standout performer, making a blockbuster entry onto the exchanges. The stock listed at Rs 450 on the National Stock Exchange (NSE), a significant 65.44 percent premium over its issue price of Rs 272. On the Bombay Stock Exchange (BSE), it debuted at Rs 448.10, marking a 64.74 percent premium. Ahead of its listing, grey market premium (GMP) estimates had already indicated a strong listing, predicting a 42-44 percent pop.
Investors in Orient Cables saw substantial profits, with approximately Rs 9,800 gained on each allotted lot. The company had raised Rs 552 crore through its IPO, which was priced in the band of Rs 258-272 per share with a lot size of 55 equity shares. The issue was heavily oversubscribed, attracting bids 97.25 times its offering size.
Runwal Enterprises Sees Flat Debut
In contrast, Runwal Enterprises experienced a rather subdued entry, making a flat debut on the stock exchanges. Its shares listed at Rs 306 on the BSE and at Rs 305 on the NSE, matching its issue price of Rs 305. Prior to listing, the stock was trading at a discount in the grey market, foreshadowing its muted performance.
Investors in Runwal Enterprises did not register any immediate profit or loss at the listing price. The company raised Rs 500 crore through its IPO, which was entirely a fresh share sale. Shares were offered in the range of Rs 290-305 per share, with a lot size of 49 equity shares. The IPO was subscribed 2.65 times.
Acevector (Snapdeal) Disappoints Investors
Snapdeal-parent Acevector began its market journey on a weak note, disappointing investors. The shares listed at a discount of 11.56 percent at Rs 28.30 on the BSE and an 11.50 percent discount at Rs 28.32 on the NSE, against its IPO issue price of Rs 32. While grey market premiums had suggested a flat listing, the actual debut was poorer than expected.
Investors who received an allotment in Acevector faced an approximate loss of Rs 1,730 per lot at the listing price. The company had secured Rs 420 crore through its IPO, offered in the price band of Rs 30-32 per share with a lot size of 468 shares. The issue received an overall subscription of just over five times.
German Green Steel & Power Achieves Decent Listing
German Green Steel & Power shares recorded a decent listing performance. The stock debuted at Rs 143 on the BSE, marking a 3.24 percent increase over its issue price of Rs 139. On the NSE, it opened at Rs 142, up 2.16 percent. Grey market activity had indicated a premium of 6-8 percent, suggesting a positive but not spectacular, debut.
Investors in German Green Steel & Power saw a modest profit of approximately Rs 350-400 per lot at the listing price. The company raised around Rs 304 crore through its IPO, which was sold in the price band of Rs 132-139 per share with a lot size of 107 equity shares. The IPO was subscribed 30.50 times, indicating strong investor interest despite the modest listing gains.