IPO GMP Today (2 Oct): Orient Cables Leads at 39%
Indian equity markets are closed today, Friday 2 October 2026, for Gandhi Jayanti. The NSE, BSE and MCX are shut for the full day, and trading resumes on Monday, 5 October after the weekend. There are no new IPO openings or listings today — but the grey market is still pricing a busy week ahead, led by Orient Cables before its 5 October debut.
Note: GMP figures below are unofficial, market-reported numbers. They are not endorsed by SEBI, NSE or BSE, vary between trackers, and can change quickly. Treat them as sentiment signals, not price guarantees.
IPO GMP Today: Live Table (2 Oct 2026)
| IPO | Type | Issue price (cap) | GMP (unofficial) | Est. listing price | Indicated gain |
|---|---|---|---|---|---|
| Vans Electroengineerings | SME (BSE) | ₹118* | ₹70 | ~₹188 | +59.3% |
| Orient Cables | Mainboard | ₹272 | ₹90–107 | ~₹362–379 | +33–39% |
| SRIT India | Mainboard | ₹130 | ₹47–48 | ~₹177–178 | +36–37% |
| Black Opal Consultants | SME (BSE) | ₹197 | ₹66 | ~₹263 | +33.5% |
| Vishal Nirmiti | Mainboard | ₹220 | ₹35 | ~₹255 | +15.9% |
| Shah Investor's Home | Mainboard | ₹167 | ₹12.5–13 | ~₹179–180 | +7.5–7.8% |
| Nityas Gems & Jewellery | Mainboard | ₹75 | ₹5 | ~₹80 | +6.7% |
| German Green Steel | Mainboard | ₹139 | ₹13 | ~₹152 | +9.4% |
| AceVector (Snapdeal) | Mainboard | ₹32 | ₹1 | ~₹33 | +3.1% |
* Cap prices are the upper ends of the respective price bands as per exchange filings. GMP ranges reflect the latest indications across grey-market trackers on the morning of 2 October; individual trackers differ.
Why Today Is a Holiday — and What It Means for IPOs
2 October marks Gandhi Jayanti, a scheduled trading holiday on both exchanges. With 3–4 October falling on the weekend, the market gets a three-day break. IPO timelines shift accordingly:
- No bidding today: Open issues such as Vishal Nirmiti and Nityas Gems & Jewellery pause and resume on Monday, 5 October — which is also their closing day.
- Refunds and demat credits for the 1 October allotments (SRIT India, Shah Investor's Home) are expected around 2 October as per registrar schedules, even though exchange trading is shut.
- Next listings bunch up from Monday: four mainboard IPOs list on 5 October, followed by SRIT India and Shah Investor's Home on 6 October.
Listing Watch: Four Mainboard Debuts on 5 October
Monday, 5 October is the biggest listing day of the week. Four IPOs that closed on 29 September and finalised allotment on 30 September will debut together:
| IPO | Issue size | Final subscription | GMP (unofficial) | Listing |
|---|---|---|---|---|
| Orient Cables | ₹552 cr | 92.97x | ₹90–107 (+33–39%) | 5 Oct, NSE & BSE |
| German Green Steel | ₹304 cr* | 28.98x | ₹13 (+9.4%) | 5 Oct, NSE & BSE |
| AceVector (Snapdeal) | ₹420 cr | 4.93x | ₹1 (+3.1%) | 5 Oct, NSE & BSE |
| Runwal Enterprises | — | 2.50x | ₹2 (+0.7%) | 5 Oct, NSE & BSE |
* Issue size as reported at DRHP stage; see our earlier coverage for full details.
Orient Cables is the clear grey-market leader. The ₹552 crore issue (₹258–272, lot 55) was subscribed 92.97 times overall — QIBs 182.76x, NIIs 115.63x and retail 30.55x — and trackers quoted a premium of ₹90–107 on Friday morning, implying an estimated listing price of roughly ₹362–379. Registrar: KFin Technologies. See our allotment-day coverage: IPO Allotment Today 30 Sept: 4 IPOs Finalised, Check Status.
Allotted and Waiting: Listings on 6 October
Two mainboard IPOs finalised their basis of allotment on 1 October and list on Tuesday, 6 October:
SRIT India — 125.16x, GMP ~₹47–48
- Final subscription: 125.16x — NII 312.99x, QIB 91.84x, Retail 63.70x
- Price band ₹123–130, lot 115 shares, ₹218.40 crore pure fresh issue
- GMP ~₹47–48 → est. listing ~₹177–178 (+36–37%, unofficial)
- Registrar: KFin Technologies; shares expected in demat around 2 October
We covered the issue in depth here: SRIT India IPO 2026: Price Band, Dates, GMP, Review.
Shah Investor's Home — 38.12x, GMP ~₹12.5–13
- Final subscription: 38.12x — NII 95.54x, QIB 28.05x, Retail 19.26x
- Price band ₹159–167, lot 85 shares, ₹90.17 crore pure fresh issue
- GMP ~₹12.5–13 → est. listing ~₹179–180 (+7.5–7.8%, unofficial)
- Registrar: MUFG Intime India; listing 6 October on NSE & BSE
Yesterday's debuts also set the tone for the week — Moneyview closed its first day around 59% above its ₹34 issue price. Read the recap: IPO Listing Performance Today: Moneyview Closes 59% Up, A-One Steels Fades.
IPOs Open Now (Close Monday, 5 Oct)
With today a holiday, the two open mainboard issues effectively get a long weekend before their final day on Monday.
Vishal Nirmiti — ₹178 cr, GMP ₹35
- Price band: ₹208–220; lot 68 shares (₹14,960 minimum)
- Structure: ₹145 cr fresh issue + ₹33 cr OFS
- Subscription (Day 2, 1 Oct close): ~0.57x overall — NII ~0.80x, Retail ~0.47x, QIB ~0.96x on a small quota
- GMP: ₹35 → est. listing ~₹255 (+15.9%, unofficial)
- Dates: Closes 5 Oct, allotment 6 Oct, listing 8 Oct (NSE & BSE)
- Registrar: MUFG Intime India; BRLM: Saffron Capital Advisors
The Pune-based maker of pre-stressed concrete railway sleepers and EPC contractor has seen a muted book so far despite a double-digit grey-market premium — Monday's final-day numbers will decide the story.
Nityas Gems & Jewellery — ₹108.35 cr, retail-led
- Price band: ₹70–75; lot 200 shares (₹15,000 minimum)
- Structure: Pure fresh issue of ~1.45 cr shares; no OFS
- Subscription (Day 2, 1 Oct close): 0.53x overall — Retail 1.24x, NII ~0.3x, QIB 0.12x
- GMP: ₹5 → est. listing ~₹80 (+6.7%, unofficial)
- Dates: Closes 5 Oct, allotment 6 Oct, listing 8 Oct (NSE & BSE)
- Registrar: Bigshare Services; BRLM: Choice Capital Advisors
The lab-grown diamond-studded gold jewellery maker (brand Ayaani) is the retail favourite of the two open issues, though institutional bidding is yet to pick up.
Several SME issues are also in their bidding windows over the same period, including EverestIMS Technologies (GMP ~₹10, +11.8%) and Shree TNB Polymers, with allotments clustered around 6 October.
SME Spotlight: Vans Electroengineerings at +59%
Among SME names, Vans Electroengineerings is quoting the highest grey-market premium this morning at around ₹70 (+59.3%, unofficial). The issue closed on 1 October and its basis of allotment is expected on 5 October. Black Opal Consultants, which closed its book at roughly 70x on 1 October, is indicated at ₹66 (+33.5%) ahead of allotment on 5 October and listing on 7 October. SME GMPs are especially thin and volatile — treat these numbers with extra caution.
Key IPO Dates: 2–8 October 2026
| Event | IPO | Date |
|---|---|---|
| Market holiday (Gandhi Jayanti) | NSE, BSE, MCX closed | 2 Oct 2026 |
| Subscription close | Vishal Nirmiti, Nityas Gems & Jewellery | 5 Oct 2026 |
| Listing (NSE & BSE) | Orient Cables, German Green Steel, AceVector, Runwal Enterprises | 5 Oct 2026 |
| Allotment | Black Opal Consultants, Vans Electroengineerings, Papadmalji Agro | 5 Oct 2026 |
| Listing (NSE & BSE) | SRIT India, Shah Investor's Home | 6 Oct 2026 |
| Allotment | Vishal Nirmiti, Nityas Gems & Jewellery | 6 Oct 2026 |
| Listing (BSE SME) | Black Opal Consultants | 7 Oct 2026 |
| Listing (NSE & BSE) | Vishal Nirmiti, Nityas Gems & Jewellery | 8 Oct 2026 |
FAQs
What is the IPO GMP today (2 Oct 2026)?
Orient Cables leads the mainboard pack at ₹90–107 (+33–39%, unofficial) ahead of its 5 October listing, followed by SRIT India at ₹47–48 (+36–37%). Among open issues, Vishal Nirmiti is at ₹35 (+15.9%) and Nityas Gems & Jewellery at ₹5 (+6.7%). All GMP figures are unofficial and subject to change.
Is the stock market open today, 2 October 2026?
No. NSE, BSE and MCX are closed on 2 October for Gandhi Jayanti. Trading resumes on Monday, 5 October 2026.
Which IPOs are open for subscription right now?
Vishal Nirmiti (₹208–220) and Nityas Gems & Jewellery (₹70–75) are the two mainboard issues open; both close on Monday, 5 October, with allotment on 6 October and listing on 8 October.
Which IPOs are listing next?
Four mainboard IPOs — Orient Cables, German Green Steel, AceVector and Runwal Enterprises — list on 5 October, followed by SRIT India and Shah Investor's Home on 6 October and Black Opal Consultants (SME) on 7 October.
Is GMP a reliable indicator of the listing price?
No. GMP is an unregulated, unofficial market signal based on thin grey-market trading. Actual listing prices frequently differ — sometimes materially — from grey-market indications, as this week's debuts showed.
Conclusion
With markets shut for Gandhi Jayanti, today is a day to watch the grey market rather than the tape. Orient Cables carries the strongest premium into Monday's four-stock listing day, SRIT India follows on Tuesday with a ~37% indicated gain, and the two open mainboard issues — Vishal Nirmiti and Nityas Gems & Jewellery — get one final day of bidding on Monday. We will be back with subscription updates when trading resumes on 5 October.