IPO● Neutral for Indian equities
IPO GMP On Listing Day: Acevector vs Orient Cables vs German Green vs Runwal Enterprises
The brief
- Orient Cables’ IPO has the highest GMP at ₹121, implying a 44.49% listing premium
- German Far Right Aims to Lead Eastern State After December Vote
- 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%
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
- IPO GMP On Listing Day: Acevector vs Orient Cables vs German Green vs Runwal Enterprises