IPOs on 2 Nov: EAAA Lists, Bombay Coated & Antala Close
Monday, 2 November 2026 is a busy day for India's primary market. EAAA India Alternatives lists on the mainboard, two IPOs close for bidding, and a new SME IPO opens — all while four more issues head into their final day on Tuesday, 3 November. With no bidding over the weekend, subscription figures are frozen at their Friday, 30 October close, so Monday's action will decide the final numbers for the two closing issues.
Here is what to watch on 2 November, the frozen subscription picture, and the full 2–3 November IPO calendar.
What happens on Monday, 2 November
- EAAA India Alternatives lists on BSE and NSE. The ₹1,200 crore pure offer-for-sale issue closed at 5.51x (final figures varied slightly by tracker; the issue price was ₹1,665 at the upper band).
- Bombay Coated and Special Steels closes for bidding at 5 PM. The mainboard issue (₹78–82, ₹183.06 crore) was subscribed 3.78x at the Friday close.
- Antala Industries closes for bidding at 5 PM. The BSE SME issue (₹63–67, ~₹23.33 crore) was subscribed only 0.82x at the Friday close — it needs a final-day push to cross full subscription.
- Vedant Poly Fabs opens for bidding. The NSE Emerge SME issue (₹88–94, ₹56.68 crore) runs 2–4 November and lists on 9 November.
Subscription status: frozen at the Friday close
No bidding took place on Saturday or Sunday, so these figures — last updated at the close of Friday, 30 October — are the starting point for Monday. They will move through the day as Monday's bids come in.
| IPO | Closes | Subscription (30 Oct close) | Price band |
|---|---|---|---|
| Bombay Coated and Special Steels | 2 Nov | 3.78x | ₹78–82 |
| Antala Industries | 2 Nov | 0.82x | ₹63–67 |
| Maxwell Engineering Solutions | 3 Nov | ~4.6x | ₹150–158 |
| HGS (India) | 3 Nov | 1.53x | ₹114–120 |
| Johnsoncab Electricals | 3 Nov | ~1.1x | ₹190–200 |
| Vectras Enprocon | 3 Nov | ~1.2x | ₹99–105 |
Maxwell Engineering remains the strongest of the open issues, with retail demand leading its subscription. Antala is the one to watch on Monday: an issue closing below 1x faces a weak listing setup, while a final-day retail push could still take it over the line.
Grey market signals (unofficial)
Grey market premium (GMP) figures are unofficial, market-reported and can change quickly; they are not a guarantee of listing price.
- BLS Polymers: GMP around ₹65–68 over the ₹150 issue price (~43–45%), ahead of its 3 November listing. The issue closed at a massive 241.22x.
- Maxwell Engineering: GMP around ₹70 over the ₹158 upper band (~44%), the strongest among currently open issues.
- HGS (India): GMP around ₹30 over the ₹120 upper band (~25%).
- Bombay Coated: GMP around ₹8–9 over the ₹82 upper band (~10%).
- EAAA India Alternatives: GMP in the low single digits in percentage terms ahead of Monday's listing, suggesting a modest debut rather than a blockbuster one.
The 2–3 November IPO calendar
| Date | Event | IPO |
|---|---|---|
| 2 Nov | Listing | EAAA India Alternatives (BSE, NSE) |
| 2 Nov | Closes | Bombay Coated and Special Steels; Antala Industries |
| 2 Nov | Opens | Vedant Poly Fabs (closes 4 Nov, lists 9 Nov) |
| 3 Nov | Listing | BLS Polymers; SFC Environmental Technologies |
| 3 Nov | Closes | Maxwell Engineering, HGS (India), Johnsoncab Electricals, Vectras Enprocon |
Allotments for Bombay Coated and Antala are expected around 3–4 November, with listings following later in the week, subject to exchange timelines.
What to watch on Monday
- EAAA's listing price versus its ₹1,665 issue price — a modest GMP points to a flat-to-mild debut.
- Antala's final subscription — whether it crosses 1x before the 5 PM close.
- Bombay Coated's final tally — QIB interest (6.56x at the Friday close) has led this issue.
- Vedant Poly Fabs Day 1 response — the first read on demand for the week's new SME issue.
FAQs
Which IPOs close on 2 November 2026?
Bombay Coated and Special Steels (mainboard) and Antala Industries (BSE SME) both close for bidding on Monday, 2 November 2026.
Which IPO lists on 2 November 2026?
EAAA India Alternatives lists on BSE and NSE on 2 November 2026.
Which IPO opens on 2 November 2026?
Vedant Poly Fabs opens on 2 November 2026 (₹88–94, NSE Emerge), closing on 4 November and listing on 9 November.
Which IPOs list on 3 November 2026?
BLS Polymers and SFC Environmental Technologies both list on 3 November 2026.
Is GMP a reliable listing predictor?
No. GMP is an unofficial grey-market indicator that can swing sharply before listing and frequently diverges from the actual listing price.
Conclusion
Monday packs a listing, two closes and an opening into one session. EAAA's debut will set the tone, Antala's final-day subscription is the number to watch, and Vedant Poly Fabs gives investors the week's first new issue to judge. Check back for the final subscription figures once Monday's bidding closes.
Related reading: EAAA IPO Listing 2 Nov: GMP & Expected Price, Vedant Poly Fabs IPO: Price Band, Dates & Review, BLS & SFC IPO Allotment 30 Oct, IPO Subscription 31 Oct: Maxwell 4.62x, Bombay Coated 3.78x.