Archive · 25 Sep 2026
Four IPOs Raise ₹1,776 Crore as Grey-Market Premiums Shift
Four companies are selling shares to the public through IPOs.
Their IPOs are scheduled to run from 25 September to 29 September.
Together, the companies hope to raise about ₹1,776 crore.
Runwal Enterprises is a real estate developer, while German Green Steel makes iron and steel.
Orient Cables makes networking cables and equipment.
AceVector runs a digital commerce business.
Before trading began, grey-market premiums were different for each company.
On the first day, Orient Cables had the highest reported grey-market premium at ₹70.
Grey-market prices are informal indications and do not guarantee the actual listing price.
Runwal Enterprises, German Green Steel, Orient Cables and AceVector are scheduled to open their IPOs from 25 to 29 September.
The four issues together aim to raise approximately ₹1,776 crore across real estate, steel, networking and digital commerce.
On Day 1, Orient Cables and German Green Steel were subscribed 1.49 times and 1.23 times, while Runwal Enterprises reached 25% and AceVector 12%.
Orient Cables recorded the strongest reported Day 1 GMP at ₹70, compared with ₹31.5 for German Green Steel, ₹5 for Runwal Enterprises and ₹3 for AceVector.
Earlier GMP readings were lower or unchanged, including ₹45 for Orient Cables, ₹24 for German Green Steel, ₹17 for Runwal Enterprises and ₹0 for AceVector.
- Who
- Runwal Enterprises Ltd, German Green Steel and Power, Orient Cables (India) Ltd, and AceVector Ltd.
- What
- Four companies are launching IPOs with a combined fundraising target of approximately ₹1,776 crore.
- When
- The IPOs are scheduled to open on 25 September and close on 29 September.
- Where
- The issues are being offered in India's primary market; Runwal Enterprises is based in Mumbai and German Green Steel is based in Gujarat.
- Why
- The companies are raising money for purposes including business expansion, manufacturing capacity, renewable-power projects and digital-commerce operations; some shares are also being sold by existing shareholders.
- IPO window
- 25 September to 29 September
- Combined issue size
- Approximately ₹1,776 crore
- Runwal Enterprises
- ₹290–₹305 price band; entirely fresh issue of up to ₹500 crore
- German Green Steel
- ₹132–₹139 price band; ₹290 crore fresh issue plus an OFS of 10 lakh shares valued at up to ₹13.9 crore
- Orient Cables
- ₹258–₹272 price band; ₹320 crore fresh issue and up to ₹232 crore OFS
- AceVector
- ₹30–₹32 price band; ₹287 crore fresh issue and ₹133 crore OFS
- Day 1 subscription
- German Green Steel: 1.23 times; Orient Cables: 1.49 times; Runwal Enterprises: 25%; AceVector: 12%
- Reported Day 1 GMP
- Orient Cables: ₹70; German Green Steel: ₹31.5; Runwal Enterprises: ₹5; AceVector: ₹3
