- Best listing: Robokidz Eduventures at +90.0%
- Weakest: Vivekanand Cotspin at +2.7%
- Average listing gain: +32.9% across 3 IPOs
- GMP was within 10 points for 1 of 2
In this post
Three companies made their stock market debut on Monday, 28 September 2026. 3 opened above the issue price and 0 below. Robokidz Eduventures had the strongest start, opening +90.0% at ₹201.4 against an issue price of ₹106; Vivekanand Cotspin was the weakest at +2.7%.
Below: each listing price against the issue price and the last grey market premium (GMP), where the shares closed on day one, and how the issues were subscribed. Listing prices are the first trades on NSE, or BSE for issues listed only there.
Listing day at a glance
| IPO | Board | Issue price | GMP estimate | Listing price | Listing gain | Day-1 close | Close vs issue |
|---|---|---|---|---|---|---|---|
| Robokidz Eduventures | SME | ₹106 | ₹186 (+75.5%) | ₹201.4 | +90.0% | ₹211.45 | +99.5% |
| FX Multitech | SME | ₹116 | ₹122.5 (+5.6%) | ₹123.05 | +6.1% | ₹129.2 | +11.4% |
| Vivekanand Cotspin | SME | ₹37 | — | ₹38 | +2.7% | ₹39.9 | +7.8% |
GMP vs the actual listing
The grey market came within 10 percentage points of the listing gain for 1 of 2 IPOs and within 5 points for 1. The biggest miss was Robokidz Eduventures, which opened 14.5 points above what its GMP pointed to. Our GMP accuracy tracker keeps the running record across every listing.
SME listings
| IPO | Issue price | Listing price | Listing gain | Day-1 close | Subscribed |
|---|---|---|---|---|---|
| Robokidz Eduventures | ₹106 | ₹201.4 | +90.0% | ₹211.45 (+99.5%) | — |
| FX Multitech | ₹116 | ₹123.05 | +6.1% | ₹129.2 (+11.4%) | — |
| Vivekanand Cotspin | ₹37 | ₹38 | +2.7% | ₹39.9 (+7.8%) | — |
Robokidz Eduventures
It raised ₹31.09 Cr in its IPO. Robokidz Eduventures opened at ₹201.4 on BSE, +90.0% against the issue price of ₹106. For an investor allotted one lot of 1,200 shares, that is a gain of about ₹1,14,480 at the opening price. The last GMP before listing was ₹80, pointing to about ₹186, so the listing came in 14.5 points above the grey market estimate. The shares closed the day at ₹211.45 (+99.5% against the issue price), above where they opened. Robokidz Eduventures IPO page
Vivekanand Cotspin
It raised ₹22.2 Cr in its IPO. Vivekanand Cotspin opened at ₹38 on BSE, +2.7% against the issue price of ₹37. For an investor allotted one lot of 3,000 shares, that is a gain of about ₹3,000 at the opening price. The shares closed the day at ₹39.9 (+7.8% against the issue price), above where they opened. Vivekanand Cotspin IPO page
Robokidz Eduventures opened at the 90% limit that SME shares are allowed on their first day, so their true demand may have been even higher than the listing price shows.
Next listings
These IPOs are due to list in the coming days. The GMP estimate is where the grey market expects them to open; as today showed, the actual listing can differ.
| IPO | Board | Listing date | Issue price | GMP | GMP estimate |
|---|---|---|---|---|---|
| Green Asia Impex | SME | Thu, 1 Oct | ₹90 | — | — |
| Sai Urja Indo | SME | Mon, 5 Oct | ₹113 | ₹10 (+8.9%) | ₹123 |
| Bench Mark Infotech Services | SME | Mon, 5 Oct | ₹110 | ₹25 (+22.7%) | ₹135 |
| Himalayan Solar | SME | Mon, 5 Oct | ₹103 | — | — |
| Acevector | Mainboard | Mon, 5 Oct | ₹32 | ₹0.6 (+1.9%) | ₹32.6 |
| Orient Cables India | Mainboard | Mon, 5 Oct | ₹272 | ₹111 (+40.8%) | ₹383 |
| German Green Steel Power | Mainboard | Mon, 5 Oct | ₹139 | ₹10.5 (+7.6%) | ₹149.5 |
| Runwal Enterprises | Mainboard | Mon, 5 Oct | ₹305 | -₹5 (-1.6%) | ₹300 |
| Dudani Retail | SME | Mon, 5 Oct | ₹29 | ₹0.5 (+1.7%) | ₹29.5 |
| Shree TNB Polymers | SME | Mon, 5 Oct | ₹52 | — | — |
What the day tells us
- The average listing gain was +32.9%, and 3 of 3 listings opened at a premium.
- By the close, 3 of 3 had risen above their listing price and 0 had fallen below it.
- Listing prices for every IPO are on the IPO listing today page, and year-wise results on the IPO report card.
Frequently asked questions
Which IPOs listed on 28 Sep 2026?
Robokidz Eduventures, FX Multitech and Vivekanand Cotspin.
Which IPO gave the best listing gain on 28 Sep 2026?
Robokidz Eduventures opened +90.0% at ₹201.4 against an issue price of ₹106 and closed the day at ₹211.45 (+99.5%).
How accurate was GMP on 28 Sep 2026?
GMP was within 10 percentage points of the listing gain for 1 of 2 IPOs. GMP is unofficial and can differ sharply from the listing price.
This update is compiled automatically from IPO Darbaar's IPO database at 2:03 AM IST on 4 October 2026. Dates, prices and GMP come from offer documents and market sources and can change; the linked IPO pages always show the latest figures. This is not investment advice.
IPOs in this post
For information and education only; not investment advice. Figures come from offer documents, exchange and SEBI filings and IPO Darbaar data as of the date of publishing. Grey market premium (GMP) is unofficial.
