IPO▼ Bearish for Indian equities
German Green Steel shares list at a premium, then fall below IPO price
The brief
- The ₹303.90 crore IPO was subscribed 30.42 times
- Reports cite a 3% listing premium, while another says shares fell 8% below the IPO price
- The debut and subsequent reversal offer a volatile start for investors in German Green Steel
- Orient Cables leads demand among four IPOs scheduled to list October 5
- IPO News Live Updates: SRIT India, Shah Investor, AceVector, German Green Steel, Runwal Enterprises, Orient Cables IPOs in focus
- AceVector IPO, 2 other mainboard offers see strong demand on Day 2. Check GMP, subscription status
- German Green Steel IPO: Issue booked 3x so far on Day 2; GMP stands at 21%
- IPO GMP: Moneyview, A One Steels, Orient Cable, German Green, Ace Vector, Runwal - check subscription, allotment date
Four IPOs list, led by Orient Cables
Orient Cables listed at ₹450, 65.44% above its ₹272 issue price, after subscription of more than 92 times. AceVector opened at ₹28.30, 11.56% below its ₹32 issue price; German Green and Runwal made flat debuts.
Monday, 5 October
- German Green Steel shares list at a premium, then fall below IPO price