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.
Timeline
Monday, 5 October
- AceVector opens at ₹28.30, 11.56% below its IPO price
Shares opened at ₹28.30 on the BSE against an IPO price of ₹32
- IPO GMP On Listing Day: Acevector vs Orient Cables vs German Green vs Runwal Enterprises
Orient Cables’ IPO has the highest GMP at ₹121, implying a 44.49% listing premium
- German Green Steel shares list at a premium, then fall below IPO price
The ₹303.90 crore IPO was subscribed 30.42 times
- Orient Cables lists at ₹450, a 65.44% premium to its IPO price
NSE debut at ₹450, a premium of ₹178, or 65.44%, over the ₹272 issue price
Tuesday, 29 September
- Orient Cables, German Green, AceVector and Runwal IPOs close today
The four IPOs were set to close today
