- Best listing: Orient Cables India at +65.4%
- Weakest: Himalayan Solar at -17.5%
- Average listing gain: +5.4% across 8 IPOs
- GMP was within 10 points for 3 of 7
In this post
Eight companies made their stock market debut on Monday, 5 October 2026 (4 on the mainboard and 4 on the SME platforms). 3 opened above the issue price and 3 below. Orient Cables India had the strongest start, opening +65.4% at ₹450 against an issue price of ₹272; Himalayan Solar was the weakest at -17.5%.
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 |
|---|---|---|---|---|---|---|---|
| Orient Cables India | Mainboard | ₹272 | ₹383 (+40.8%) | ₹450 | +65.4% | ₹405 | +48.9% |
| Sai Urja Indo | SME | ₹113 | ₹123 (+8.9%) | ₹133.8 | +18.4% | ₹140.45 | +24.3% |
| German Green Steel Power | Mainboard | ₹139 | ₹149.5 (+7.6%) | ₹142 | +2.2% | ₹128.33 | -7.7% |
| Bench Mark Infotech Services | SME | ₹110 | ₹135 (+22.7%) | ₹110 | 0.0% | ₹115.5 | +5.0% |
| Runwal Enterprises | Mainboard | ₹305 | ₹300 (-1.6%) | ₹305 | 0.0% | ₹301.45 | -1.2% |
| Acevector | Mainboard | ₹32 | ₹32.6 (+1.9%) | ₹28.32 | -11.5% | ₹26.08 | -18.5% |
| Dudani Retail | SME | ₹29 | ₹29.5 (+1.7%) | ₹25 | -13.8% | ₹25 | -13.8% |
| Himalayan Solar | SME | ₹103 | — | ₹85 | -17.5% | ₹84.85 | -17.6% |
GMP vs the actual listing
The grey market came within 10 percentage points of the listing gain for 3 of 7 IPOs and within 5 points for 1. The biggest miss was Orient Cables India, which opened 24.6 points above what its GMP pointed to. Our GMP accuracy tracker keeps the running record across every listing.
Mainboard listings
Orient Cables India
Orient Cables India is a manufacturer of networking cables and passive networking equipment. It raised ₹552 Cr in its IPO. Orient Cables India opened at ₹450 on NSE, +65.4% against the issue price of ₹272. For an investor allotted one lot of 55 shares, that is a gain of about ₹9,790 at the opening price. The last GMP before listing was ₹111, pointing to about ₹383, so the listing came in 24.6 points above the grey market estimate. The shares closed the day at ₹405 (+48.9% against the issue price), below where they opened. The issue had been subscribed 92.27x overall (QIB 182.76x, NII 115.63x, retail 30.55x). Orient Cables India IPO page
German Green Steel Power
German Green Steel Power is vertically integrated, and the Viramgam Facility, operated through its material subsidiary, German TMX Private Limited. It raised ₹303.9 Cr in its IPO. German Green Steel Power opened at ₹142 on NSE, +2.2% against the issue price of ₹139. The last GMP before listing was ₹10.5, pointing to about ₹149.5, so the listing came in 5.4 points below the grey market estimate. The shares closed the day at ₹128.33 (-7.7% against the issue price), below where they opened. The issue had been subscribed 28.98x overall (QIB 20.93x, NII 54.03x, retail 22.83x). German Green Steel Power IPO page
Runwal Enterprises
Runwal Enterprises is active in all sectors of real estate, including residential, commercial, and institutional properties. It raised ₹500 Cr in its IPO. Runwal Enterprises opened at ₹305 on NSE, 0.0% against the issue price of ₹305. The last GMP before listing was -₹5, pointing to about ₹300, so the listing came in 1.6 points above the grey market estimate. The shares closed the day at ₹301.45 (-1.2% against the issue price), below where they opened. The issue had been subscribed 2.50x overall (QIB 3.89x, NII 3.94x, retail 1.12x). Runwal Enterprises IPO page
Acevector
It raised ₹420 Cr in its IPO. Acevector opened at ₹28.32 on NSE, -11.5% against the issue price of ₹32. The last GMP before listing was ₹0.6, pointing to about ₹32.6, so the listing came in 13.4 points below the grey market estimate. The shares closed the day at ₹26.08 (-18.5% against the issue price), below where they opened. The issue had been subscribed 4.93x overall (QIB 3.38x, NII 8.16x, retail 4.62x). Acevector IPO page
SME listings
| IPO | Issue price | Listing price | Listing gain | Day-1 close | Subscribed |
|---|---|---|---|---|---|
| Sai Urja Indo | ₹113 | ₹133.8 | +18.4% | ₹140.45 (+24.3%) | — |
| Bench Mark Infotech Services | ₹110 | ₹110 | 0.0% | ₹115.5 (+5.0%) | — |
| Dudani Retail | ₹29 | ₹25 | -13.8% | ₹25 (-13.8%) | — |
| Himalayan Solar | ₹103 | ₹85 | -17.5% | ₹84.85 (-17.6%) | — |
Sai Urja Indo
It raised ₹24.95 Cr in its IPO. Sai Urja Indo opened at ₹133.8 on BSE, +18.4% against the issue price of ₹113. The last GMP before listing was ₹10, pointing to about ₹123, so the listing came in 9.6 points above the grey market estimate. The shares closed the day at ₹140.45 (+24.3% against the issue price), above where they opened. Sai Urja Indo IPO page
Himalayan Solar
It raised ₹68.03 Cr in its IPO. Himalayan Solar opened at ₹85 on NSE, -17.5% against the issue price of ₹103. The shares closed the day at ₹84.85 (-17.6% against the issue price), below where they opened. Himalayan Solar 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.
| IPO | Board | Listing date | Issue price | GMP | GMP estimate |
|---|---|---|---|---|---|
| Pind Hospitality | SME | Tue, 6 Oct | ₹99 | ₹1 (+1.0%) | ₹100 |
| Shah Investor's Home | Mainboard | Tue, 6 Oct | ₹167 | ₹17 (+10.2%) | ₹184 |
| Shivchem Agro | SME | Tue, 6 Oct | ₹62 | ₹1.5 (+2.4%) | ₹63.5 |
| Acme Universal Safezone 9 | SME | Tue, 6 Oct | ₹71 | ₹15 (+21.1%) | ₹86 |
| SRIT India | Mainboard | Tue, 6 Oct | ₹130 | ₹52 (+40.0%) | ₹182 |
| Black Opal Consultants | SME | Wed, 7 Oct | ₹197 | ₹100 (+50.8%) | ₹297 |
| Vans Electroengineerings | SME | Wed, 7 Oct | ₹118 | ₹60 (+50.9%) | ₹178 |
| Omara Ventures India | SME | Thu, 8 Oct | ₹311 | — | — |
| Dove Soft | SME | Thu, 8 Oct | ₹111 | — | — |
| SJP Ultrasonic | SME | Thu, 8 Oct | ₹67 | — | — |
| Eventions | SME | Thu, 8 Oct | ₹118 | — | — |
| Sollfege Smart Electronics | SME | Thu, 8 Oct | ₹55 | — | — |
| Nityas Gems and Jewellery | Mainboard | Thu, 8 Oct | ₹75 | ₹1 (+1.3%) | ₹76 |
| Vishal Nirmiti | Mainboard | Thu, 8 Oct | ₹220 | ₹8 (+3.6%) | ₹228 |
| EverestIMS Technologies | SME | Thu, 8 Oct | ₹85 | ₹42 (+49.4%) | ₹127 |
| Paramount Syntex | SME | Fri, 9 Oct | ₹127 | — | — |
| Acme India Industries | SME | Fri, 9 Oct | ₹196 | ₹30 (+15.3%) | ₹226 |
| TNA Solutions | SME | Fri, 9 Oct | ₹70 | ₹10 (+14.3%) | ₹80 |
| R.K. Fashion Accessories | SME | Mon, 12 Oct | ₹82 | — | — |
What the day tells us
- The average listing gain was +5.4%, and 3 of 8 listings opened at a premium.
- Issues subscribed 50 times or more opened +65.4% on average, against -3.1% for the rest.
- By the close, 2 of 8 had risen above their listing price and 5 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 5 Oct 2026?
Orient Cables India, Sai Urja Indo, German Green Steel Power, Bench Mark Infotech Services, Runwal Enterprises, Acevector, Dudani Retail and Himalayan Solar.
Which IPO gave the best listing gain on 5 Oct 2026?
Orient Cables India opened +65.4% at ₹450 against an issue price of ₹272 and closed the day at ₹405 (+48.9%).
How accurate was GMP on 5 Oct 2026?
GMP was within 10 percentage points of the listing gain for 3 of 7 IPOs. GMP is unofficial and can differ sharply from the listing price.
This update is compiled automatically from IPO Darbaar's IPO database at 9:45 PM IST on 5 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.
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.
