EAAA IPO Listing Close 2 Nov: Shares End 1.57% Up on Debut
EAAA India Alternatives made a quiet stock-market debut on Monday, 2 November 2026, but buyers who held through the session did better than the flat opening suggested. The stock listed at a small premium to its ₹1,665 issue price and closed higher on both exchanges, even as the day's other big IPO news came from the subscription table: Bombay Coated & Special Steels closed at roughly 63 times subscription, while Antala Industries scraped past full subscription at 1.12 times.
This evening round-up covers EAAA's listing-day close, the final subscription figures for the two IPOs that closed today, M.K. Sons Fine Jewels' allotment, and what to watch on Tuesday, 3 November.
EAAA listing day: flat open, stronger close
EAAA India Alternatives, the alternative investment platform of the Edelweiss group, listed at ₹1,675.50 on the NSE, a premium of 0.63% over the ₹1,665 issue price, and at ₹1,673 on the BSE, up 0.48%. By the close, the stock had improved on both bourses: ₹1,691.70 on the NSE (+1.57%) and ₹1,685.35 on the BSE (+1.22%), according to PTI's market report.
For an allotted investor, that means one lot of 9 shares — costing ₹14,985 at the issue price — was worth ₹15,079.50 at the NSE opening (a gain of ₹94.50 per lot) and ₹15,225.30 at the NSE close (a gain of ₹240.30 per lot). The grey market had pointed to a stronger debut, with morning GMP of around ₹52–65 (roughly 3–4%) implying a listing near ₹1,717–1,730, so the actual debut came in below grey-market expectations. GMP is unofficial market-reported data and is not a reliable predictor of listing prices.
| Exchange | Issue price | Listing price | Closing price (2 Nov) | Close vs issue price |
|---|---|---|---|---|
| NSE | ₹1,665 | ₹1,675.50 (+0.63%) | ₹1,691.70 | +1.57% |
| BSE | ₹1,665 | ₹1,673 (+0.48%) | ₹1,685.35 | +1.22% |
The ₹1,200 crore IPO was entirely an offer for sale by the Edelweiss group, so the company itself received no fresh proceeds. It was subscribed 5.25 times overall (QIB 13.13x, NII 4.58x, retail 1.03x), with about ₹360 crore raised from anchor investors before the issue opened on 26 October and closed on 28 October. The price band was ₹1,585–1,665, and the company's market capitalisation stood at roughly ₹10,710 crore after listing.
Read our earlier coverage: EAAA IPO listing preview and EAAA allotment guide.
Bombay Coated closes at about 63x; Antala just over 1x
Bombay Coated & Special Steels, the ₹183.06 crore mainboard IPO (100% fresh issue, ₹78–82 per share, lot of 182 shares), closed on 2 November with a surge of last-day institutional and HNI bidding. A 5:05 PM snapshot put overall subscription at 63.89 times — QIB 37.32x, NII 166.44x and retail 35.46x. Other trackers showed marginally lower totals (around 62–63x) depending on the snapshot time, so treat the final exchange figure as the definitive number when it is published. Either way, the close was a dramatic jump from the 3.78x level at which the issue stood going into the final day.
Antala Industries, the SME IPO, closed far more quietly at 1.12 times overall: QIB demand was strong at 66.72x, but retail subscription reached only about 0.42x and HNI demand stayed weak, leaving the issue only just fully subscribed. Its GMP was reported at around ₹0 (unofficial) on the final day.
| IPO (closed 2 Nov) | Overall subscription | QIB | NII | Retail | Allotment | Listing |
|---|---|---|---|---|---|---|
| Bombay Coated & Special Steels (₹183.06 cr, ₹78–82) | ~63x | 37.32x | 166.44x | 35.46x | 3 Nov | 5 Nov (BSE & NSE) |
| Antala Industries (SME) | 1.12x | 66.72x | ~0.29x | ~0.42x | 3 Nov* | 5 Nov* |
*Antala's allotment and listing dates follow the standard timetable after the 2 November close; confirm against the registrar's announcement. Bombay Coated's dates — allotment 3 November, refunds and demat credit 4 November, listing 5 November — are per the issue timetable. The registrar for Bombay Coated is KFin Technologies; Smart Horizon Capital Advisors was the book-running lead manager.
Our deep-dive on the issue: Bombay Coated IPO: price band, dates, GMP & review.
M.K. Sons Fine Jewels allotment finalised today
M.K. Sons Fine Jewels, which closed on 30 October with overall subscription of 5.09 times, had its allotment finalised on 2 November. Investors can check their status on the Bigshare Services registrar website or the BSE and NSE IPO allotment portals. Refunds and demat share credits are scheduled for 3 November, ahead of listing on 4 November on both BSE and NSE. The issue was priced at ₹153–162 per share.
Our deep-dive: M.K. Sons Fine Jewels IPO: price band, dates, GMP & review.
Vedant Poly Fabs Day 1 ends at 0.41x
The only IPO currently open, Vedant Poly Fabs (SME, ₹56.68 crore, ₹88–94), ended its first day at 0.41 times overall: NII demand reached 0.83x, retail about 0.13–0.14x, and QIB bids were nil. Its GMP was reported at around ₹15 (about 16%, unofficial). The issue closes on 4 November, with allotment expected on 5 November and listing on 9 November on NSE Emerge.
Our deep-dive: Vedant Poly Fabs IPO: price band, dates & review.
What to watch on 3 November
- BLS Polymers, SFC Environmental Technologies and Wiscon Industries list — BLS is the big one after 241.22x subscription and a GMP of around 45–49% going into the debut.
- Bombay Coated and Antala allotments are finalised; check registrar and exchange portals.
- M.K. Sons shares are credited to demat accounts ahead of its 4 November listing.
- Vedant Poly Fabs Day 2 — watch whether QIB bids arrive and retail demand picks up from 0.41x.
See the full week ahead in our Upcoming IPOs this week (2–8 November) roundup.
FAQs
How did EAAA shares close on listing day?
EAAA closed at ₹1,691.70 on the NSE (+1.57%) and ₹1,685.35 on the BSE (+1.22%) on 2 November 2026, after listing at ₹1,675.50 (NSE) and ₹1,673 (BSE) against the ₹1,665 issue price.
What was Bombay Coated's final subscription?
About 63 times overall (63.89x at the 5:05 PM snapshot: QIB 37.32x, NII 166.44x, retail 35.46x). Tracker totals vary slightly by snapshot time; the exchange's final figure is definitive.
When do Bombay Coated shares list?
5 November 2026 on BSE and NSE, after allotment on 3 November and refunds/demat credit on 4 November.
When is the M.K. Sons Fine Jewels listing?
4 November 2026 on BSE and NSE; allotment was finalised on 2 November and shares are credited on 3 November.
How much did an EAAA lot make on listing day?
One lot of 9 shares cost ₹14,985. At the NSE close of ₹1,691.70, the lot was worth ₹15,225.30 — a gain of ₹240.30 per lot. At the NSE opening price, the gain was ₹94.50 per lot.
Conclusion
EAAA's debut was muted at the open but ended in positive territory, rewarding allotted investors who held through the session with a modest 1.6% gain on the NSE. The louder story of the day was Bombay Coated's last-day surge to roughly 63 times subscription, setting up a closely watched 5 November listing, while Antala's bare 1.12x close shows how selective demand remains for smaller SME issues. Tuesday brings three listings led by BLS Polymers, plus the Bombay Coated and Antala allotments — the next real test of this week's IPO market.
Note: GMP figures quoted here are unofficial, market-reported data and may change. Subscription figures are based on exchange/tracker snapshots reported on 2 November 2026; final exchange figures may differ marginally.