GENERAL25 Sept 2026
IPO GMPs: Orient Cables IPO to German Green Steel IPO | What grey market hints on Day 1? | Stock Market News
Four IPOs opened on 25 September to raise about ₹1,776 crore across real estate, steel, networking and digital commerce, closing 29 September. On Day One, Orient Cables was subscribed 1.49 times and German Green Steel 1.23 times. Grey market premium (GMP) hints at listing gains of about 25.74% and 22.66%. Runwal Enterprises and AceVector saw quieter demand, so read the offer documents before applying.
Key Statutory Highlights
- Four IPOs opened for public subscription on 25 September to raise roughly ₹1,776 crore, and they close on 29 September.
- Orient Cables was subscribed 1.49 times on Day One, with a grey market premium of ₹70 pointing to a listing price of ₹342 against its ₹272 IPO price.
- German Green Steel was subscribed 1.23 times, with a ₹31.5 premium pointing to a listing price of ₹170.5 against its ₹139 IPO price.
Actionable Advice for Taxpayers / Founders:Treat grey market premium as a hint only, not a promise of listing gains. Read the offer documents for each issue and judge whether the business and price suit your own risk appetite before you apply.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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