IPO GMP Today (28 Sept): SRIT India Opens at 25% Premium as Moneyview Closes
The primary market starts the week with a packed agenda. Two new mainboard IPOs — SRIT India and Shah Investor's Home — open for subscription today, while Moneyview closes its ₹1,092-crore issue and the allotments of four recently closed IPOs are finalised. Here is a look at the latest grey market premiums (GMP), subscription updates and the key IPO dates for Monday, 28 September 2026.
Note: GMP figures below are unofficial, market-reported estimates as of this morning (IST) and can change quickly. They are not a recommendation to subscribe.
IPO GMP Today: Biggest Movers
| IPO | Price band (upper) | GMP (₹) | Premium (%) | Est. listing price (₹) | Status |
|---|---|---|---|---|---|
| Moneyview | ₹34 | ₹14 | +41.18% | ₹48 | Closes today |
| Orient Cables (India) | ₹272 | ₹90 | +33.09% | ₹362 | Open till 29 Sept |
| SRIT India | ₹130 | ₹33 | +25.38% | ₹163 | Opens today |
| German Green Steel & Power | ₹139 | ₹29 | +20.86% | ₹168 | Open till 29 Sept |
| A-One Steels India | ₹405 | ₹56 | +13.83% | ₹461 | Closes today |
| Shah Investor's Home | ₹167 | ₹9 | +5.39% | ₹176 | Opens today |
| Runwal Enterprises | ₹305 | ₹14 | +4.59% | ₹319 | Open till 29 Sept |
| AceVector | ₹32 | ₹1 | +3.12% | ₹33 | Open till 29 Sept |
| Swastika Infra | ₹185 | ₹6.5 | +3.51% | — | Allotment today |
| Elevate Campuses | ₹362 | ₹9.5 | +2.62% | — | Allotment today |
| ArMee Infotech | ₹375 | ₹8 | +2.13% | — | Allotment today |
Moneyview remains the GMP leader among closing issues at ₹14 (41.18%), with an estimated listing price of ₹48 against the ₹34 upper price band. Orient Cables continues to command the strongest premium among the four IPOs that opened on 25 September, at ₹90 (+33.09%).
IPOs Opening Today (28 September)
SRIT India IPO
- Issue size: ₹218.40 crore — an entirely fresh issue of 1.68 crore shares
- Price band: ₹123–₹130; lot size: 115 shares (minimum retail investment ₹14,950)
- Open/close: 28–30 September 2026; tentative listing on 6 October
- GMP: ~₹33 (+25.38%), implying an estimated listing price of ₹163 — the strongest grey market debut among today's new issues
- Anchor book: 50.40 lakh shares allotted to nine anchor investors at ₹130, raising ₹65.52 crore; Taurus Mutual Fund is the only domestic mutual fund in the anchor book
- Business: Bengaluru-based IT solutions provider offering digital solutions, custom application development and systems integration, with projects across healthcare, e-governance and telecom
- Use of proceeds: capex for product modernisation, working capital, inorganic growth and general corporate purposes
- Lead manager / registrar: Choice Capital Advisors / KFin Technologies
Shah Investor's Home IPO
- Issue size: ₹90.17 crore — a fresh issue of 53.99 lakh shares
- Price band: ₹159–₹167; lot size: 85 shares (minimum retail investment ₹14,195)
- Open/close: 28–30 September 2026; tentative listing on 6 October
- GMP: ~₹9 (+5.39%), implying an estimated listing price of ₹176
- Business: Ahmedabad-based retail stock broking company with 1,00,000+ demat accounts and 38,000+ active clients across Gujarat and Maharashtra; reported FY26 revenue of ₹71.5 crore and PAT of ₹13.2 crore
- Use of proceeds: working capital requirements and general corporate purposes
- Lead manager / registrar: Beeline Capital Advisors / MUFG Intime India
Several SME IPOs also open for subscription today, including Shivchem Agro, Shree TNB Polymers, Pind Hospitality and Acme Universal Safezone 9.
IPOs Closing Today
Moneyview — the ₹1,091.68-crore fintech IPO closes today after drawing strong demand of over 6x, led by HNI bids (16x+). GMP stands at ₹14 (+41.18%). Allotment is expected on 29 September, with listing scheduled for 1 October. Read yesterday's full update: IPO GMP Today (27 Sept): Moneyview Leads at 41% Before Close.
A-One Steels India — the ₹405-crore issue also closes today. The issue is subscribed about 1.35x, with GMP steady at ₹56 (+13.83%), implying an estimated listing price of ₹461.
Subscription Status: Open Issues Resume Bidding
The four IPOs that opened on 25 September resume bidding today (Day 2) after the weekend pause:
| IPO | Latest subscription | GMP |
|---|---|---|
| Orient Cables (India) | ~2.07x (NII 3.67x, Retail 2.56x) | ₹90 (+33.09%) |
| German Green Steel & Power | ~1.73x (QIB 1.32x, NII 2.46x) | ₹29 (+20.86%) |
| Runwal Enterprises | ~0.43x | ₹14 (+4.59%) |
| AceVector | ~0.23x | ₹1 (+3.12%) |
Orient Cables' QIB book remains nearly untouched at 0.01x — watch whether institutions step in on the final two days. Full details: German Green Steel IPO: GMP Today, Price Band & Dates.
Key IPO Dates Today
| Date | Event |
|---|---|
| 28 Sept | SRIT India & Shah Investor's Home open; Moneyview & A-One Steels close; allotment finalised for Adroit, ArMee, Swastika and Elevate; Robokidz lists on BSE SME |
| 29 Sept | Orient Cables, Runwal Enterprises, AceVector and German Green Steel close; Moneyview allotment |
| 30 Sept | SRIT India and Shah Investor's Home close; allotment for the four 29-Sept closing issues |
| 1 Oct | Moneyview lists on NSE/BSE |
| 5 Oct | Orient Cables and German Green Steel expected to list (tentative) |
| 6 Oct | SRIT India and Shah Investor's Home expected to list (tentative) |
Investors awaiting allotment for Adroit, ArMee, Swastika and Elevate can check their status here: IPO Allotment on 28 Sept: Check Status for Adroit & More. And here's Robokidz's listing-day preview ahead of its BSE SME debut today.
What to Watch
- Moneyview final subscription — whether the issue builds beyond 6x on its last day, especially the QIB book, which lagged early.
- SRIT India's Day 1 response — a 25% GMP for a debutant IT-services IPO sets high expectations.
- Orient Cables' QIB pickup — the grey market is betting on a strong listing (+33%), but institutions have barely bid so far.
FAQs
Which IPOs are opening for subscription today (28 September 2026)?
Mainboard: SRIT India (₹218.40 cr) and Shah Investor's Home (₹90.17 cr). Several SME issues, including Shivchem Agro, Shree TNB Polymers, Pind Hospitality and Acme Universal Safezone 9, also open today.
Which IPOs close for subscription today?
Moneyview and A-One Steels India both close for subscription today, 28 September 2026.
Which IPO has the highest GMP today?
Among the issues in focus, Moneyview leads at ₹14 (+41.18%). Orient Cables commands the highest rupee premium at ₹90 (+33.09%) among the 25-September openers. In the SME segment, Roopa Screen reportedly trades at ₹32 (+50%) — all figures are unofficial and subject to change.
What is the SRIT India IPO GMP today?
SRIT India's grey market premium is around ₹33, a 25.38% premium over the ₹130 upper price band, implying an estimated listing price of ₹163. This is unofficial, market-reported data.
When will the Moneyview IPO allotment be finalised?
Moneyview's basis of allotment is expected on 29 September 2026, with listing on NSE and BSE scheduled for 1 October.
Which IPOs are finalising allotment today?
Adroit, ArMee Infotech, Swastika Infra and Elevate Campuses finalise their basis of allotment today (28 September 2026).
Conclusion
Monday's primary market calendar is unusually busy: two fresh mainboard IPOs open with SRIT India showing a healthy 25% grey market premium, Moneyview and A-One Steels conclude their bidding, and four allotments plus the Robokidz listing round off the day. Moneyview's ₹14 GMP and Orient Cables' ₹90 premium remain the standout grey market signals — but remember, GMP is an unofficial indicator, not a guarantee of listing gains. Check back for tomorrow's roundup of final subscription numbers and listing updates.