IPO Subscription Today 28 Oct: BLS Hits 18x, EAAA Closes
Midday subscription updates for Wednesday, 28 October 2026: BLS Polymers is the standout of the day, racing past 18 times subscription on Day 2, while EAAA India Alternatives closes today after a muted response led by institutions. Jio Platforms, meanwhile, made a blockbuster stock-market debut this morning. Here is the full picture of every IPO open today, with the latest available figures.
Note: subscription figures are live and move through the session. Figures below are timestamped to late morning / midday on 28 October 2026; the final numbers at the 5 PM close will differ.
Jio Platforms lists at Rs 1,358, up 21.36%
Jio Platforms shares listed at Rs 1,358 on both NSE and BSE on Wednesday, a premium of 21.36% over the IPO price of Rs 1,119. The stock touched an early high of Rs 1,374. At the listing price, the company was valued at roughly Rs 12.5 lakh crore, making it India's second-most valuable listed company. The Rs 30,200 crore IPO — India's largest ever — had closed subscribed 22.19 times, with QIB demand at 70.55 times, and drew nearly 1.39 crore applications. Retail investors allotted the minimum lot of 12 shares gained Rs 2,868 at the listing price, before brokerage and taxes.
Subscription status at midday: all 7 open IPOs
| IPO | Day | Closes | Subscription (midday) | Price band | GMP (unofficial) |
|---|---|---|---|---|---|
| BLS Polymers (mainboard) | Day 2 | 29 Oct | ~17.99x | Rs 142-150 | Rs 44 (+29.3%) |
| EAAA India Alternatives (mainboard) | Day 3 — final day | Today, 28 Oct | ~0.64x | Rs 1,585-1,665 | Rs 10 (+0.6%) |
| SFC Environmental Technologies (mainboard) | Day 2 | 29 Oct | ~0.15x | Rs 313-330 | Rs 17 (+5.2%) |
| Wiscon Industries (SME) | Day 2 | 29 Oct | ~0.84x | Rs 194-204 | Not reported |
| M.K. Sons Fine Jewels (mainboard) | Day 1 | 30 Oct | ~0.11-0.17x | Rs 153-162 | Rs 8.5-10 (+5-6%) |
| Ajwa Projects (SME) | Day 1 | 30 Oct | ~0.08x | Rs 203 (fixed) | Rs 38 (+18.7%) |
| Carver Roboweld (SME) | Day 1 | 30 Oct | ~0.04-0.05x | Rs 76-80 | Not reported |
GMP figures are unofficial, market-reported grey-market premiums and are subject to change; they are not SEBI-endorsed prices.
BLS Polymers: 18x on Day 2, HNI demand leads
BLS Polymers is the clear demand leader. After closing Day 1 at 9.62 times, the Rs 255 crore issue reached about 17.99 times by around 12:10 PM on Day 2, according to live tracker data. Category-wise, QIBs were at about 12.06 times, NIIs at about 31.88 times and retail investors at about 15.43 times. An earlier 11:30 AM snapshot put the total at 16.55 times, with small HNIs at 37.65 times — showing how fast the book is building ahead of tomorrow's close. The polymer-compounds maker, priced at Rs 142-150 with a 100-share lot (Rs 15,000 at the top end), closes on 29 October, with allotment on 30 October and listing on 3 November. Its unofficial GMP of about Rs 44 implies an estimated listing price near Rs 194, a gain of roughly 29% over the upper band.
EAAA India Alternatives closes today at just 0.64x
The Rs 1,200 crore EAAA India Alternatives IPO — a pure offer for sale with no fresh-issue component — entered its final day weakly. By 12:00 PM on 28 October, it was subscribed 0.64 times overall: QIBs at 1.01 times, NIIs at 1.26 times, but retail at only 0.16 times, according to Financial Express data based on exchange figures. Earlier in the morning the total stood at about 0.52 times. With the issue closing at 5 PM today, the question is whether retail demand picks up in the final hours or the issue closes undersubscribed in the retail segment. The price band is Rs 1,585-1,665, with a 9-share lot (Rs 14,985 at the top end), and the unofficial GMP of about Rs 10 points to a near-flat listing. Allotment is expected around 29 October, with listing targeted around 2 November.
SFC, Wiscon and the Day 1 debutants
- SFC Environmental Technologies (Rs 668 crore, Rs 313-330): Day 2 subscription of about 0.15 times, up from 0.06-0.08 times on Day 1, with retail leading at about 0.23 times and QIBs yet to participate meaningfully. It closes tomorrow, 29 October; allotment is scheduled for 30 October and listing for 3 November.
- Wiscon Industries (SME, Rs 110 crore, Rs 194-204): about 0.84 times on Day 2, also closing tomorrow, 29 October.
- M.K. Sons Fine Jewels (Rs 275 crore, Rs 153-162): opened today with a slow start at roughly 0.11-0.17 times. The jewellery retailer raised Rs 82.62 crore from nine anchor investors, including Goldman Sachs Bank Europe, at the top end of the band. It closes 30 October and lists 4 November.
- Ajwa Projects (SME, Rs 38 crore, fixed Rs 203): opened today at about 0.08 times despite an unofficial GMP of about Rs 38 (+18.7%). It closes 30 October and lists 4 November. Read our deep-dive: Ajwa Projects IPO: Rs 203 Price, Dates, GMP & Review.
- Carver Roboweld (SME, Rs 28 crore, Rs 76-80): opened today at about 0.04-0.05 times, the quietest debut of the day. It closes 30 October and lists 4 November.
What to watch next
- 5 PM today: EAAA India Alternatives final subscription — does retail participation recover, and does the issue fully subscribe?
- Tomorrow, 29 October: BLS Polymers, SFC Environmental Technologies and Wiscon Industries all close. BLS allotment follows on 30 October.
- 30 October: M.K. Sons, Ajwa Projects and Carver Roboweld close; Core4 Engineers (SME, 4.70 times) is due for allotment tonight, listing 30 October.
- Coming up: Bombay Coated & Special Steels (Rs 78-82) opens 29 October, and Antala Industries opens the same day.
FAQs
Which IPO is most subscribed today, 28 October 2026?
BLS Polymers, at about 18 times on Day 2 at midday, far ahead of every other open issue. The next highest is Wiscon Industries at about 0.84 times.
Does EAAA India Alternatives IPO close today?
Yes. 28 October is the final day of bidding for the Rs 1,200 crore issue. At midday it was subscribed about 0.64 times, with QIBs and NIIs above 1 time but retail at only 0.16 times.
What was the Jio Platforms listing price today?
Jio Platforms listed at Rs 1,358 on NSE and BSE, up 21.36% from its IPO price of Rs 1,119, after the issue closed subscribed 22.19 times.
Which IPOs close tomorrow, 29 October?
BLS Polymers, SFC Environmental Technologies and Wiscon Industries all close on 29 October. M.K. Sons Fine Jewels, Ajwa Projects and Carver Roboweld close on 30 October.
Is GMP a reliable indicator of listing price?
No. Grey market premium is unofficial and unregulated, and it can move sharply before listing. Treat it as market chatter, not a forecast, and base decisions on the prospectus and your own research.
Conclusion
Today's midday picture is sharply split: BLS Polymers is running away with demand at nearly 18 times on Day 2, while the other six open issues are all still below 1 time — and EAAA India Alternatives faces a final-hours test on its closing day. Jio's 21% listing debut is the day's headline, but for investors still bidding, the BLS close tomorrow and the EAAA final tally at 5 PM are the numbers that matter. Also read our morning roundup: IPO GMP Today 28 Oct: Jio Lists at 22%, BLS Leads. This article is for information only and is not investment advice.