IPO GMP Today (30 Sept 2026): Orient Cables Leads on Allotment Day
The grey market is busy this morning. Wednesday, 30 September 2026 is one of the busiest IPO days of the month: four mainboard IPOs — Orient Cables, AceVector, Runwal Enterprises and German Green Steel — finalise allotments today, Swastika Infra lists on the exchanges, two fresh mainboard IPOs (Vishal Nirmiti and Nityas Gems & Jewellery) open for subscription, and SRIT India and Shah Investor's Home enter their final day of bidding.
Here is everything that matters this morning — GMP movers, opening issues, and key dates.
Note: GMP (grey market premium) is unofficial, market-reported data based on dealer activity. It is not an exchange-traded price and can change during the day. Actual listing prices may differ.
IPO GMP Today: Biggest Movers on 30 September
| IPO | Upper Price Band | GMP (unofficial) | Est. Listing Price | Potential Gain | Status Today |
|---|---|---|---|---|---|
| Orient Cables India | ₹272 | ₹85 | ₹357 | +31.25% | Allotment finalisation |
| German Green Steel | ₹139 | ₹13 | ₹152 | +9.35% | Allotment finalisation |
| AceVector (Snapdeal) | ₹32 | ₹1.10 | ₹33.10 | +3.44% | Allotment finalisation |
| Runwal Enterprises | ₹305 | ₹2 | ₹307 | +0.66% | Allotment finalisation |
| SRIT India | ₹130 | ₹27–33 | ₹157–163 | +21–25% | Final day of bidding |
| Shah Investor's Home | ₹167 | ₹14 | ₹181 | +8% | Final day of bidding |
| Swastika Infra | ₹185 | ₹8 | ₹193 | +4.32% | Listing today |
| Vishal Nirmiti | ₹220 | ₹2 | ₹222 | +0.9% | Opens today |
| Nityas Gems & Jewellery | ₹75 | ₹9 | ₹84 | +12% | Opens today |
GMPs above are the latest market-reported levels (allotment-day IPOs updated late last night; open issues as of this morning).
Allotment Day: 4 IPOs Finalise Basis of Allotment
Investors who applied to the four IPOs that closed on 29 September will know their allotment status later today. Here is how the four issues closed and what the grey market expects:
1. Orient Cables India — GMP ₹85, the clear leader
- Final subscription: 82.59x
- GMP: ₹85 over the ₹272 upper band → estimated listing price ₹357 (+31.25%)
- Tentative listing: 5 October 2026
- Orient Cables has been the standout of this IPO batch from day one, and the grey market is pricing in the strongest debut of the four.
2. German Green Steel — GMP ₹13
- Final subscription: 22.94x
- GMP: ₹13 over ₹139 → estimated listing price ₹152 (+9.35%)
- Tentative listing: 5 October 2026
3. AceVector (Snapdeal parent) — GMP ₹1.10
- Final subscription: 3.93x
- GMP: ₹1.10 over ₹32 → estimated listing price ₹33.10 (+3.44%)
- Tentative listing: 5 October 2026
- Read our detailed AceVector IPO review.
4. Runwal Enterprises — GMP ₹2
- Final subscription: 2.09x
- GMP: ₹2 over ₹305 → estimated listing price ₹307 (+0.66%)
- Tentative listing: 5 October 2026
The spread between Orient Cables and the rest is striking: the grey market is rewarding the 82.59x subscription with a 31% premium, while the other three point to a flat to modest listing.
How to check allotment: once the basis of allotment is finalised, check your status on the registrar's website (KFin Technologies / Bigshare / Link Intime, as applicable) using your PAN, application number or DP ID, or on the BSE/NSE allotment pages. Moneyview and A-One Steels investors who got allotments yesterday can find the step-by-step guide in our IPO allotment guide.
Swastika Infra Lists Today
Swastika Infra debuts on the exchanges today after a ₹160.88-crore IPO that was subscribed 7.60x:
- Price band: ₹175–₹185; issue split into a ₹128.50-crore fresh issue and a ~₹32.38-crore OFS
- Subscription: 7.60x overall (NII 18.50x, Retail 5.39x, QIB 3.22x)
- GMP this morning: ₹8 over the ₹185 upper band → indicative listing around ₹193 (+4.32%)
- The Rajasthan-based power project services provider raised ₹48.26 crore from six anchor investors at ₹185 apiece before the issue opened.
Two New Mainboard IPOs Open Today
Vishal Nirmiti IPO (₹178 crore)
The railway infrastructure and pre-stressed concrete products company opens its ₹178-crore issue today:
- Structure: ₹145-crore fresh issue + ₹33-crore OFS
- Price band: ₹208–₹220; lot size: 68 shares (minimum ~₹14,960 at the upper band)
- Open: 30 September – Close: 5 October
- Allotment: 6 October; Listing: 8 October (NSE & BSE)
- GMP: ₹2 (unofficial) — the grey market is muted on day one
Nityas Gems & Jewellery IPO (₹108.42 crore)
The Surat-based maker of lab-grown diamond-studded gold jewellery opens today:
- Structure: 100% fresh issue of 1.45 crore shares; price band: ₹70–₹75; lot size: 200 shares (minimum ₹15,000)
- Face value: ₹5; employee discount of ₹7 per share for eligible employees
- Open: 30 September – Close: 5 October
- Allotment: 6 October; Listing: 8 October (NSE & BSE)
- GMP: ₹9 (unofficial)
- Financials: FY2026 revenue ₹202.89 crore, EBITDA ₹30.97 crore, net profit ₹22.32 crore — nearly double the previous year
Final Day of Bidding: SRIT India & Shah Investor's Home
Two mainboard IPOs close today after opening on 28 September:
SRIT India (₹218.40 crore)
- Day 2 subscription: ~4.15x overall (NII 5.25x, Retail 6.04x, QIB 0.03x)
- GMP: ₹27–33 over the ₹130 upper band (~21–25%, unofficial)
- Price band ₹123–₹130, lot size 115 shares (minimum ₹14,950)
- Allotment: 1 October; Listing: 6 October (NSE & BSE)
- Read our SRIT India IPO deep-dive
Shah Investor's Home
- Day 2 subscription: ~0.31x
- GMP: ₹14 over the ₹167 upper band (~8%, unofficial)
- Allotment: expected 1 October; Listing: 6 October (tentative)
SME IPOs Opening Today
Three SME issues also open today:
- Sollfege Smart Electronics — ₹21.78 crore at a fixed ₹55 per share; opens 30 September, closes 5 October; listing on BSE SME
- Eventions (MICE and corporate events) — ₹38.12 crore, price band ₹112–₹118, lot of 1,200 shares; opens 30 September, closes 5 October; NSE SME
- TNA Solutions — ~₹38 crore, price band ₹66–₹70; opens 30 September, closes 6 October; BSE SME
Listing Tomorrow: Moneyview & A-One Steels
Moneyview (final subscription 98.46x) and A-One Steels (12.23x) — whose allotments were finalised on 29 September — are scheduled to list on 1 October. Moneyview's GMP was last around ₹13–14 (~38–41%) over its issue price. See our Moneyview final subscription report for the full details.
Key IPO Dates Today — 30 September 2026
| Event | IPO |
|---|---|
| Listing | Swastika Infra |
| Allotment finalisation | Orient Cables, AceVector, Runwal Enterprises, German Green Steel |
| Opening for subscription | Vishal Nirmiti, Nityas Gems & Jewellery, Sollfege Smart Electronics, Eventions, TNA Solutions |
| Closing for subscription (final day) | SRIT India, Shah Investor's Home |
| Listing tomorrow (1 Oct) | Moneyview, A-One Steels |
FAQs
What is the GMP of Orient Cables IPO today?
Orient Cables is commanding a grey market premium of ₹85 (unofficial, updated last night) over the ₹272 upper price band, implying an estimated listing price of ₹357 and a potential gain of about 31.25%. Allotment is being finalised today.
Which IPOs are listing on 30 September 2026?
Swastika Infra lists today. Moneyview and A-One Steels list tomorrow (1 October).
Which IPOs open for subscription today?
Vishal Nirmiti (₹208–220) and Nityas Gems & Jewellery (₹70–75) open on the mainboard today, along with SME issues Sollfege Smart Electronics, Eventions and TNA Solutions.
When is the allotment for Orient Cables, AceVector, Runwal and German Green Steel IPOs?
The basis of allotment for all four is being finalised today, 30 September, with tentative listing on 5 October 2026.
Is GMP a reliable indicator of listing price?
No. GMP is an unofficial indicator based on grey-market dealer activity and does not guarantee the actual listing price. Use it as one data point alongside subscription levels, company fundamentals and market conditions.
Conclusion
Today is the fulcrum of this IPO batch: Orient Cables heads into allotment day with a commanding ₹85 GMP, while three peers point to flat listings; Swastika Infra makes its debut; two new mainboard issues and three SME IPOs open their books; and SRIT India closes with retail leading at ~6x. Tomorrow, all eyes shift to the Moneyview and A-One Steels listings. We will track subscription, allotment and listing updates through the day.