IPO Listing Recap (30 Sep 2026): Adroit Industries India Lists 75% Higher, 9 IPOs Debut

Nine companies made their stock market debut on Wednesday, 30 September 2026 (4 on the mainboard and 5 on the SME platforms). 6 opened above the issue price and 2 below. Adroit Industries India had the strongest start, opening +75.4% at ₹235 against an issue price of ₹134; Elevate Campuses was the weakest at -1.9%.

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

GMP vs the actual listing

The grey market came within 10 percentage points of the listing gain for 3 of 4 IPOs and within 5 points for 3. The biggest miss was Adroit Industries India, which opened 32.8 points above what its GMP pointed to. Our GMP accuracy tracker keeps the running record across every listing.

Mainboard listings

Adroit Industries India

Adroit Industries India is a vertically integrated producer and supplier of torque-transmission parts and propeller shafts for driveline systems. It raised ₹150.71 Cr in its IPO. Adroit Industries India opened at ₹235 on NSE, +75.4% against the issue price of ₹134. The last GMP before listing was ₹57, pointing to about ₹191, so the listing came in 32.8 points above the grey market estimate. The shares closed the day at ₹248.39 (+85.4% against the issue price), above where they opened. The issue had been subscribed 176.85x overall (QIB 195.04x, NII 332.35x, retail 99.81x). Adroit Industries India IPO page

Swastika Infra

Swastika Infra is an engineering, procurement, and construction (EPC) firm that focuses on power transmission and distribution (T&D) infrastructure projects. It raised ₹160.88 Cr in its IPO. Swastika Infra opened at ₹200 on NSE, +8.1% against the issue price of ₹185. The last GMP before listing was ₹8, pointing to about ₹193, so the listing came in 3.8 points above the grey market estimate. The shares closed the day at ₹210 (+13.5% against the issue price), above where they opened. The issue had been subscribed 7.60x overall (QIB 3.22x, NII 18.50x, retail 5.39x). Swastika Infra IPO page

ArMee Infotech

ArMee Infotech is a provider of managed services and IT infrastructure solutions. It raised ₹300 Cr in its IPO. ArMee Infotech opened at ₹375 on NSE, 0.0% against the issue price of ₹375. The last GMP before listing was ₹6, pointing to about ₹381, so the listing came in 1.6 points below the grey market estimate. The shares closed the day at ₹300 (-20.0% against the issue price), below where they opened. The issue had been subscribed 2.44x overall (QIB 2.99x, NII 2.09x, retail 2.47x). ArMee Infotech IPO page

Elevate Campuses

Elevate Campuses is an education infrastructure corporation that owns and manages K–12 school assets as well as on-campus housing for higher education institutions (HEIs). It raised ₹2,100 Cr in its IPO. Elevate Campuses opened at ₹355.1 on NSE, -1.9% against the issue price of ₹362. The last GMP before listing was ₹6, pointing to about ₹368, so the listing came in 3.6 points below the grey market estimate. The shares closed the day at ₹322.95 (-10.8% against the issue price), below where they opened. The issue had been subscribed 1.79x overall (QIB 2.52x, NII 0.84x, retail 1.01x). Elevate Campuses IPO page

SME listings

Pooja Logistics

Pooja Logistics is an offering of temperature-controlled logistics services for the use of refrigerated vehicles, or "reefers," to transport perishable commodities throughout India. It raised ₹44.23 Cr in its IPO. Pooja Logistics opened at ₹118 on NSE, +2.6% against the issue price of ₹115. For an investor allotted one lot of 1,200 shares, that is a gain of about ₹3,600 at the opening price. The shares closed the day at ₹123.9 (+7.7% against the issue price), above where they opened. Pooja Logistics IPO page

Liqvd Digital India

Liqvd Digital India is a digital marketing and media solutions company that helps brands build their online presence, reach the right audience, and drive business growth. It raised ₹39.01 Cr in its IPO. Liqvd Digital India opened at ₹53.73 on BSE, -0.5% against the issue price of ₹54. The shares closed the day at ₹51.05 (-5.5% against the issue price), below where they opened. Liqvd Digital India IPO page

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.

What the day tells us

• The average listing gain was +9.7%, and 6 of 9 listings opened at a premium.
• Issues subscribed 50 times or more opened +75.4% on average, against +2.1% for the rest.
• By the close, 6 of 9 had risen above their listing price and 3 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 30 Sep 2026?

Adroit Industries India, Swastika Infra, Pooja Logistics, Unitec Fibres, S.K. Offset, Coreintegra Consulting, ArMee Infotech, Liqvd Digital India and Elevate Campuses.

Which IPO gave the best listing gain on 30 Sep 2026?

Adroit Industries India opened +75.4% at ₹235 against an issue price of ₹134 and closed the day at ₹248.39 (+85.4%).

How accurate was GMP on 30 Sep 2026?

GMP was within 10 percentage points of the listing gain for 3 of 4 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.