IPO● Neutral for Indian equities
Orient Cables gains on debut as AceVector disappoints; two others open flat
The brief
- Orient Cables and AceVector were among four listings on the day
- Runwal Enterprises and German Green Steel made flat debuts
- 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
- 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
- Orient Cables gains on debut as AceVector disappoints; two others open flat