- Best listing: Vans Electroengineerings at +90.0%
- Weakest: Green Asia Impex at -1.1%
- Average listing gain: +30.1% across 3 IPOs
- GMP was within 10 points for 1 of 2
In this post
Three companies made their stock market debut on Wednesday, 7 October 2026. 2 opened above the issue price and 1 below. Vans Electroengineerings had the strongest start, opening +90.0% at ₹224.2 against an issue price of ₹118; Green Asia Impex was the weakest at -1.1%.
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 |
|---|---|---|---|---|---|---|---|
| Vans Electroengineerings | SME | ₹118 | ₹221 (+87.3%) | ₹224.2 | +90.0% | ₹235.4 | +99.5% |
| Black Opal Consultants | SME | ₹197 | ₹237 (+20.3%) | ₹200 | +1.5% | ₹206.3 | +4.7% |
| Green Asia Impex | SME | ₹90 | — | ₹89 | -1.1% | ₹84.55 | -6.1% |
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 Black Opal Consultants, which opened 18.8 points below 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 |
|---|---|---|---|---|---|
| Vans Electroengineerings | ₹118 | ₹224.2 | +90.0% | ₹235.4 (+99.5%) | — |
| Black Opal Consultants | ₹197 | ₹200 | +1.5% | ₹206.3 (+4.7%) | — |
| Green Asia Impex | ₹90 | ₹89 | -1.1% | ₹84.55 (-6.1%) | — |
Vans Electroengineerings
Vans Electroengineerings is in the business of manufacturing and supplying components used in traction power supply and overhead equipment systems for Indian railway electrification infrastructure, metro systems and renewable energy applications. It raised ₹33.98 Cr in its IPO. Vans Electroengineerings opened at ₹224.2 on BSE, +90.0% against the issue price of ₹118. The last GMP before listing was ₹103, pointing to about ₹221, so the listing came in 2.7 points above the grey market estimate. The shares closed the day at ₹235.4 (+99.5% against the issue price), above where they opened. Vans Electroengineerings IPO page
Green Asia Impex
It raised ₹71 Cr in its IPO. Green Asia Impex opened at ₹89 on NSE, -1.1% against the issue price of ₹90. The shares closed the day at ₹84.55 (-6.1% against the issue price), below where they opened. Green Asia Impex IPO page
Vans Electroengineerings 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 |
|---|---|---|---|---|---|
| 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 | ₹2 (+0.9%) | ₹222 |
| EverestIMS Technologies | SME | Thu, 8 Oct | ₹85 | ₹58 (+68.2%) | ₹143 |
| Paramount Syntex | SME | Fri, 9 Oct | ₹127 | — | — |
| Acme India Industries | SME | Fri, 9 Oct | ₹196 | ₹68 (+34.7%) | ₹264 |
| TNA Solutions | SME | Fri, 9 Oct | ₹70 | ₹3 (+4.3%) | ₹73 |
| R.K. Fashion Accessories | SME | Mon, 12 Oct | ₹82 | ₹1.5 (+1.8%) | ₹83.5 |
What the day tells us
- The average listing gain was +30.1%, and 2 of 3 listings opened at a premium.
- By the close, 2 of 3 had risen above their listing price and 1 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 7 Oct 2026?
Vans Electroengineerings, Black Opal Consultants and Green Asia Impex.
Which IPO gave the best listing gain on 7 Oct 2026?
Vans Electroengineerings opened +90.0% at ₹224.2 against an issue price of ₹118 and closed the day at ₹235.4 (+99.5%).
How accurate was GMP on 7 Oct 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 9:45 PM IST on 7 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.
