IPO Subscription Today (30 Oct): Bombay Coated at 3.09x, Maxwell Leads the Debuts
Three IPOs close for subscription today, 30 October 2026 — M.K. Sons Fine Jewels, Ajwa Projects and Carver Roboweld — while four fresh SME issues opened this morning and Bombay Coated & Special Steels surged on Day 2. Here is the midday subscription picture, based on exchange-tracker snapshots taken between about 11:30 AM and noon IST. Figures move through the day as bidding continues, so treat them as a midday snapshot, not final numbers.
IPOs Closing Today: M.K. Sons, Ajwa and Carver
All three issues that opened on 28 October close at 5 PM today. Carver Roboweld is the strongest of the trio at the last check, while Ajwa Projects has only just crossed full subscription.
| IPO | Type | Price | Midday subscription | GMP (unofficial) |
|---|---|---|---|---|
| M.K. Sons Fine Jewels | Mainboard | ₹153–162 | ~2.10x | ₹11 (+6.8%) |
| Ajwa Projects | BSE SME | ₹203 (fixed) | ~1.04x | ₹2 (+1%) |
| Carver Roboweld | BSE SME | ₹76–80 | ~2.83x | ₹0 |
Ajwa's retail portion is doing the heavy lifting at 1.77x, while its HNI portion sits at just 0.31x — a reminder that SME demand can be lopsided even when the headline number crosses 1x. M.K. Sons, the ₹275 crore mainboard issue, has QIB interest near 1x with NII demand above 3x. All three issues are expected to finalise allotment on 2 November and list on 4 November.
Day 2 Star: Bombay Coated & Special Steels at 3.09x
The ₹183 crore mainboard IPO of Bombay Coated & Special Steels is the standout of the day. After a quiet Day 1 at just 0.45x, QIB demand exploded on Day 2 to 6.55x, lifting the overall subscription to 3.09x by late morning. Retail investors are at 1.95x and NII at around 1.70x for small HNIs. The issue, priced at ₹78–82, closes on 2 November, with allotment expected around 3 November and listing around 5 November. Its grey market premium of about ₹9 (+11%) is unofficial and can change.
Antala Industries, the other Day 2 issue, is far quieter at 0.78x overall — though its tiny QIB portion shows a striking 66.72x, which reflects a very small QIB quota rather than broad institutional demand. Retail is at just 0.07x. Antala also closes on 2 November.
Four Debuts: Maxwell Leads, Others Crawl
Four SME IPOs opened today, 30 October, and the contrast between them is sharp:
- Maxwell Engineering Solutions — 1.39x by late morning, led by retail at 2.32x and NII at 1.08x, with QIBs yet to bid. Its GMP of ₹70 (+44.3% over the ₹158 upper band) is the day's highest and matches the strong grey-market interest seen before opening. Read our morning GMP roundup for the pre-open picture.
- Johnsoncab Electricals — 0.26x, with retail at 0.28x and HNIs at 0.54x; QIBs at zero. GMP around ₹10 (+5%) over the ₹200 upper band.
- Vectras Enprocon — 0.14x, retail leading at 0.20x, QIBs at zero, and no GMP quoted. See our Vectras Enprocon IPO deep-dive for price band, dates and financials.
- HGS (India) — 0.07x, the slowest debut of the day, with retail at 0.08x and no GMP quoted.
All four close on 3 November and are tentatively scheduled to list on 6 November.
Allotments Tonight: BLS, SFC and Wiscon
Allotment is due to be finalised this evening for the three issues that closed on 29 October. BLS Polymers, the ₹255 crore mainboard issue priced at ₹142–150, closed with a reported final subscription of 241.22x and is scheduled to list on 3 November with a GMP of about ₹68 (+45%, unofficial). SFC Environmental Technologies closed at a reported 9.47x. Wiscon's final subscription was not confirmed in the sources checked at midday. Investors can check allotment status on the BSE/NSE websites or the registrar's portal once the basis of allotment is finalised.
For context, yesterday's midday update covered BLS at 51.28x before the final-day surge, and our EAAA allotment guide explains how to check status step by step.
Key Dates at a Glance
| Event | IPOs | Date |
|---|---|---|
| Subscription closes | M.K. Sons, Ajwa Projects, Carver Roboweld | 30 Oct 2026 |
| Allotment finalised | BLS Polymers, SFC, Wiscon | 30 Oct 2026 (evening) |
| Subscription closes | Bombay Coated, Antala | 2 Nov 2026 |
| Listing | BLS Polymers | 3 Nov 2026 |
| Subscription closes | Maxwell, Johnsoncab, Vectras, HGS | 3 Nov 2026 |
| Listing (tentative) | M.K. Sons, Ajwa, Carver | 4 Nov 2026 |
| Listing (tentative) | Maxwell, Johnsoncab, Vectras, HGS | 6 Nov 2026 |
FAQs
Which IPO is subscribed the most today?
Among issues still open, Bombay Coated & Special Steels leads at 3.09x on Day 2, driven by QIB demand of 6.55x. Among today's debuts, Maxwell Engineering leads at 1.39x.
Which IPOs close today, 30 October 2026?
M.K. Sons Fine Jewels (mainboard), Ajwa Projects and Carver Roboweld (both BSE SME) all close at 5 PM today.
When is the BLS Polymers IPO allotment?
The basis of allotment is expected to be finalised on the evening of 30 October 2026, with listing scheduled for 3 November on BSE and NSE.
Are the GMP figures in this article official?
No. Grey market premiums are unofficial, unregulated market-reported figures. They change through the day and do not guarantee the listing price.
Can I still apply for the IPOs closing today?
Yes, until the 5 PM cut-off on 30 October through ASBA or UPI, subject to your broker's earlier cut-off time.
Conclusion
Today's midday picture is a split market: Bombay Coated's QIB-led surge and Maxwell's retail-backed debut show pockets of strong demand, while Ajwa, Vectras, HGS and Johnsoncab are struggling to build momentum. With three issues closing at 5 PM and three allotments due tonight, the evening session will decide whether the laggards scrape through — check back for the final subscription figures and allotment updates.
Disclaimer: Subscription and GMP figures are midday snapshots from exchange trackers as of around 11:30 AM–noon IST on 30 October 2026 and will change as bidding continues. GMP is unofficial and unregulated. This article is for information only, not investment advice.