Archive · 29 Sep 2026
Four IPOs Close With Strong, Varied Investor Demand
Four companies finished selling shares to investors through initial public offerings, or IPOs.
Orient Cables received the most demand, with bids equal to 82.59 times the shares offered.
German Green Steel and Power also received strong demand at 22.94 times.
AceVector and Runwal Enterprises received enough bids to exceed their offer sizes.
The IPOs closed on September 29, 2026.
The companies are tentatively expected to list their shares on October 5, 2026.
Each company plans to use the money for business needs such as expansion, equipment, projects or repaying debt.
Investors in different groups, including institutions, wealthy individuals and retail buyers, showed different levels of interest.
Orient Cables led subscription demand at 82.59 times, followed by German Green Steel and Power at 22.94 times.
AceVector and Runwal Enterprises were subscribed 3.93 times and 2.09 times, respectively, exceeding their offer sizes.
The four IPOs closed for subscription on September 29, 2026, with tentative stock-market listings scheduled for October 5.
German Green Steel and Power plans to use proceeds for facility expansion, renewable power generation, debt repayment and corporate expenses.
AceVector, Runwal Enterprises and Orient Cables will use their IPO proceeds for purposes including debt repayment, projects, equipment and facility-related spending.
- Who
- Orient Cables, German Green Steel and Power, AceVector and Runwal Enterprises, along with their investors.
- What
- The four companies closed their mainboard IPO subscriptions, attracting between 2.09 and 82.59 times subscription.
- When
- The IPOs closed on September 29, 2026; tentative listings are scheduled for October 5, 2026.
- Where
- The shares are expected to list on stock exchanges; German Green Steel and Power will expand its manufacturing facility at Samakhiyali in Gujarat.
- Why
- The companies are raising money for purposes including expansion, equipment, renewable power, debt repayment, real estate projects and corporate expenses.
- Highest subscription
- Orient Cables: 82.59 times overall; its QIB portion was subscribed 155.45 times.
- German Green Steel and Power
- 22.94 times overall; price band of ₹132–139 per share and issue size of about ₹304 crore at the upper end.
- AceVector
- 3.93 times overall; price band of ₹30–32 per share, comprising a ₹287 crore fresh issue and a ₹133 crore offer for sale at the upper end.
- Runwal Enterprises
- 2.09 times overall; entirely fresh issue of up to ₹500 crore with a price band of ₹290–305 per share.
- Orient Cables issue
- Fresh issue of up to ₹320 crore and an offer for sale of shares worth up to ₹232 crore; price band of ₹258–272 per share.
- Anchor investments
- German Green Steel and Power raised ₹91.16 crore, AceVector ₹189 crore, Runwal Enterprises ₹148.95 crore and Orient Cables ₹165.6 crore from anchor investors.
- Tentative listing date
- October 5, 2026.