IPO Subscription Today (2 October 2026): Bidding Paused as Markets Shut for Gandhi Jayanti
Indian stock markets are closed today, Friday 2 October 2026, for Gandhi Jayanti. With the NSE and BSE shut for the full session, IPO bidding is on pause too — no subscription figures will move today.
That means the final Day 2 subscription numbers for the two open mainboard IPOs, Vishal Nirmiti and Nityas Gems & Jewellery, stand as they were at Thursday's close. Both issues return for their third and final bidding day on Monday, 5 October — the same day four IPOs list and Black Opal's allotment is finalised.
Here is the complete midday snapshot: where both open issues stand, how Thursday's SME closes finished, and the full allotment and listing calendar for next week.
No IPO bidding today: what the market holiday means
The NSE and BSE are fully closed on 2 October for Gandhi Jayanti, Mahatma Gandhi's 157th birth anniversary. The halt covers equity, derivatives and currency segments; MCX and NCDEX are shut in both sessions as well.
For IPO investors, the practical effects are:
- No new bids can be placed or revised in Vishal Nirmiti or Nityas Gems & Jewellery today. Subscription figures are frozen at the 1 October close.
- Bidding resumes on Monday, 5 October — which is also the final subscription day for both issues.
- Settlement, pay-in and refund processing resume Monday as well; the next trading holiday after this weekend is Dussehra on 20 October.
Vishal Nirmiti IPO subscription status
The ₹178 crore Vishal Nirmiti issue (₹145 crore fresh issue plus ₹33 crore offer for sale) ended Day 2 subscribed 0.60 times overall, with the QIB quota fully subscribed while retail and NII demand lagged.
| Category | Day 1 (30 Sept) | Day 2 (1 Oct) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1.00x | 1.00x |
| Non-Institutional Investors (NIIs) | 0.01x | 0.84x |
| Retail Individual Investors (RIIs) | 0.06x | 0.49x |
| Total | 0.06x | 0.60x |
Key issue details:
- Price band: ₹208–220 per share; lot size: 68 shares; minimum retail investment about ₹14,960.
- Company: civil engineering and construction — manufactures PSC railway sleepers and other precast/prestressed concrete products, with infrastructure projects across railways, renewable energy, irrigation and industry.
- BRLM: Saffron Capital Advisors; Registrar: MUFG Intime India (Link Intime).
- Timeline: closes 5 October; basis of allotment 6 October; tentative listing 8 October.
Grey market signals for the issue were around ₹33 (roughly 15% over the upper band) on 2 October — unofficial market-reported data that can change quickly, especially with thin holiday trading.
Nityas Gems & Jewellery IPO subscription status
The ₹108.35 crore pure fresh issue from Nityas Gems & Jewellery ended Day 2 at 0.69 times overall, driven almost entirely by retail investors, who pushed past the 1x mark.
| Category | Day 1 (30 Sept) | Day 2 (1 Oct) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 0.00x | 0.38x |
| Non-Institutional Investors (NIIs) | 0.11x | 0.27x |
| Retail Individual Investors (RIIs) | 0.52x | 1.32x |
| Total | 0.20x | 0.69x |
Key issue details:
- Price band: ₹70–75 per share; lot size: 200 shares; minimum retail investment ₹15,000.
- Company: manufactures and retails gold, diamond and other jewellery products.
- BRLM: Choice Capital Advisors; Registrar: Bigshare Services.
- Timeline: closes 5 October; basis of allotment 6 October; tentative listing 8 October on NSE and BSE.
In the grey market, the issue commanded an unofficial premium of about ₹5 (roughly 7% over the upper band) on 2 October — market-reported, not confirmed, and subject to change.
SME IPOs that closed on 1 October
Thursday was a busy closing day in the SME segment. Final subscription figures:
| IPO | Closing | Final subscription | QIB / NII / Retail |
|---|---|---|---|
| Black Opal Consultants | 1 Oct | 73.80x | 59.77x / 124.29x / 60.15x |
| Vans Electroengineerings | 1 Oct | 628.73x | 281.65x / 1,031.87x / 686.32x |
| Papadmalji Agro | 1 Oct | 2.54x | 86.85x / 1.32x / 1.59x |
| Green Asia Impex | 1 Oct | 1.04x | 2.06x / 0.64x / 0.56x |
Black Opal Consultants, which IPOlist.in covered in yesterday's subscription update, finalises its allotment on 5 October and lists on 7 October.
Next week's IPO listing and allotment calendar
Monday is stacked: four listings, one allotment, and the final bidding day for two mainboard IPOs.
| Date | Event | IPOs |
|---|---|---|
| 5 Oct (Mon) | Listing | Orient Cables, German Green Steel, AceVector (Snapdeal), Runwal Enterprises, Bench Mark Infotech (SME) |
| 5 Oct (Mon) | Allotment | Black Opal Consultants |
| 5 Oct (Mon) | Final bidding day | Vishal Nirmiti, Nityas Gems & Jewellery |
| 6 Oct (Tue) | Listing | SRIT India, Shah Investor's Home |
| 6 Oct (Tue) | Allotment | Vishal Nirmiti, Nityas Gems & Jewellery |
| 7 Oct (Wed) | Listing | Black Opal Consultants |
| 8 Oct (Thu) | Listing (tentative) | Vishal Nirmiti, Nityas Gems & Jewellery |
Orient Cables, which closed at 92.97x, was quoting a grey market premium of roughly 39% in IPOlist.in's morning GMP update — the strongest listing signal among Monday's debuts. Bench Mark Infotech, the SME debutant, closed at 103.19x with an unofficial premium of about ₹26.
FAQs
Why is there no change in IPO subscription numbers today?
Because the NSE and BSE are closed for Gandhi Jayanti. IPO bidding runs on the exchanges' order system, so no bids can be entered, modified or withdrawn today. The figures above are final as of Thursday's close.
When do Vishal Nirmiti and Nityas Gems & Jewellery close?
Both close on Monday, 5 October. Allotment is scheduled for 6 October and tentative listing for 8 October.
Can I apply for an IPO on a market holiday?
No. Applications can only be submitted while the bidding window is open on trading days. With markets closed on 2 October and the regular weekend on 3–4 October, the next chance to bid is Monday morning.
What is the next market holiday after Gandhi Jayanti?
Dussehra on Tuesday, 20 October, followed by Diwali–Balipratipada on 10 November and Guru Nanak Jayanti on 24 November.
Conclusion
The holiday has frozen the IPO scoreboard: Vishal Nirmiti at 0.60x and Nityas Gems & Jewellery at 0.69x after Day 2, with everything to play for on Monday's final bidding day. For investors, the bigger event may be Monday's listing parade — five debuts led by Orient Cables — and Tuesday's listings of SRIT India and Shah Investor's Home. Check allotment status on the registrar websites (MUFG Intime for Vishal Nirmiti, Bigshare for Nityas Gems) on 6 October.
Disclaimer: Subscription figures are sourced from exchange-published data as reported on 1 October 2026. GMP and premium figures are unofficial, market-reported data that can change; they are not a recommendation. This article is for information only, not investment advice.