IPO GMP Today (7 Oct 2026): Vans Electroengineering Lists at 87% Premium as Black Opal GMP Crashes
It is a big morning in the SME IPO market. Wednesday, 7 October 2026 is listing day for Vans Electroengineering and Black Opal Consultants on the BSE SME platform — and the grey market is sending two very different signals. Vans is holding a bumper ₹103 premium (about +87%), while Black Opal's GMP has collapsed from nearly +50% just three days ago to barely ₹9 (+4.6%). Meanwhile, three closed SME issues — Acme India Industries, TNA Solutions, and Paramount Syntex — finalise allotments today, and R.K. Fashion Accessories closes for bidding.
Disclaimer: Grey market premium (GMP) data is unofficial, market-reported, and can change without notice. It is not a recommendation and does not guarantee listing-day prices.
Today's Listings: Vans Electroengineering vs Black Opal — A Tale of Two GMPs
Vans Electroengineering — bumper debut expected
Vans Electroengineering (railway electrification equipment maker) lists on BSE SME today, 7 October. The grey market premium stands at ₹103 against the issue price of ₹118 — an estimated listing price of roughly ₹221, up about 87%.
The GMP has been firm all week: ₹103 on 6 October, ₹70 on 3–5 October, and ₹90 on 1 October, per grey-market trackers. Key facts:
- Issue price: ₹118 (band ₹112–118), ₹34 crore fresh issue
- Subscription: a massive 628.73x overall (from the final bid data)
- Listing: BSE SME, 7 October 2026
That combination — 628x demand plus an ₹103 GMP — makes Vans the strongest SME debut of the week so far.
Black Opal Consultants — the GMP that vanished
Black Opal Consultants, the real-estate marketing company, also lists on BSE SME today, 7 October. But its grey market story has turned cold overnight:
| Date | GMP (₹) | Est. listing price (₹197 issue price) |
|---|---|---|
| 3 Oct | 95 | ~292 (+48%) |
| 4 Oct | 100 | ~297 (+51%) |
| 5 Oct | 88 | ~285 (+45%) |
| 6 Oct | 9 | ~206 (+4.6%) |
| 7 Oct (today) | 9 | ~206 (+4.6%) |
From a ₹100 premium on 4 October to ₹9 today — a roughly 90% collapse in the GMP in three days — despite the IPO being subscribed 73.80x overall (NII 124.29x, retail 60.15x, QIB ex-anchor 59.77x). Grey-market "subject to sauda" rates for Black Opal have also fallen to about ₹4,100 per application. Today's listing will show whether the grey market is misreading demand or correctly sniffing weak debut sentiment.
For the full allotment and company background, see our earlier coverage of the Black Opal IPO allotment and listing date.
Allotments Today: Acme India, TNA Solutions, Paramount Syntex
Three SME IPOs that closed on 6 October finalise their basis of allotment today, with listings scheduled for 9 October:
Acme India Industries — ₹65 GMP on 124.34x demand
- Final subscription: 124.34x overall (QIB 138.06x, retail ~85.50x by applications, NII ~84.90x)
- GMP today: around ₹40–65 on an issue price of ₹196 — roughly +20–33%, estimated listing ₹236–261
- Dates: allotment today (7 Oct), listing 9 October on BSE SME
Strong institutional demand (138x QIB) plus a rising GMP — Acme is the week's second-best SME debut candidate after Vans.
TNA Solutions — ₹3–10 GMP on 55.28x
- Final subscription: 55.28x overall
- GMP today: around ₹3–10 on issue price ₹70 (roughly +4–14%), estimated listing ₹73–80
- Dates: allotment today (7 Oct), listing 9 October
Paramount Syntex — GMP flat at ₹0
- Final subscription: ~1.92x
- GMP today: ₹0 — the grey market expects a flat-to-muted listing
- Dates: allotment today (7 Oct), listing 9 October
R.K. Fashion Accessories Closes Today
The ₹34.99 crore NSE SME IPO (price band ₹77–82, lot size 1,600) is in its final day of bidding — it closes today, 7 October. GMP is reported around ₹7–15 (roughly +9–18%). Allotment is tentatively on 8 October and listing on 12 October.
Other GMP Movers to Watch
- EverestIMS Technologies: GMP around ₹42–55 (+49–65%) ahead of its listing — one of the stronger open premiums in the SME pipeline.
- Jio Platforms: grey-market buzz continues building ahead of its expected 21–23 October mainboard debut, with the premium reported near ₹167. Read our Jio Platforms IPO deep-dive for the full picture.
- HD FireProtect: the other upcoming mainboard IPO (bidding 13–15 October) also has active grey-market interest.
- Today's macro event: the RBI MPC announces its policy decision today (7 October) — market direction on listing day will also reflect that outcome.
IPO GMP Table — 7 October 2026 (Morning)
| IPO | Status today | Issue price (₹) | GMP (₹) | Est. listing gain |
|---|---|---|---|---|
| Vans Electroengineering (SME) | Lists today | 118 | 103 | +87% |
| Black Opal Consultants (SME) | Lists today | 197 | 9 | +4.6% |
| Acme India Industries (SME) | Allotment today | 196 | 40–65 | +20–33% |
| TNA Solutions (SME) | Allotment today | 70 | 3–10 | +4–14% |
| Paramount Syntex (SME) | Allotment today | 127 | 0 | Flat |
| R.K. Fashion Accessories (SME) | Closes today | 82 | 7–15 | +9–18% |
| EverestIMS Technologies (SME) | Listing soon | 85 | 42–55 | +49–65% |
| Jio Platforms (Mainboard) | Expected 21–23 Oct | — | ~167 | — |
GMP figures are unofficial and market-reported as of the morning of 7 October 2026; they may change.
FAQs
Which IPOs are listing today, 7 October 2026?
Vans Electroengineering and Black Opal Consultants, both on the BSE SME platform.
What is the Vans Electroengineering IPO GMP today?
Around ₹103 (+87%) on the issue price of ₹118, implying a listing near ₹221. GMP is unofficial and may change.
Why has Black Opal's GMP crashed?
Black Opal's GMP fell from about ₹100 (4 Oct) to ₹9 (7 Oct) — a ~90% drop — despite 73.80x subscription. Today's listing will test which signal was right. Grey-market rates are unofficial sentiment, not fundamentals.
Which IPOs have allotment today?
Acme India Industries, TNA Solutions, and Paramount Syntex finalise allotments on 7 October and are expected to list on 9 October.
Conclusion
Wednesday's SME IPO day is defined by extremes: Vans Electroengineering looks set for one of the strongest listings of the month at an ~87% grey-market premium on 628x demand, while Black Opal's overnight GMP collapse is the cautionary tale — huge subscription does not always mean huge listing premium. Watch the actual listing prices from 10 AM today; with the RBI MPC decision due the same day, market sentiment could move fast. Check back for our evening listing-day recap.