IPO Subscription Status Today (30 Sept): SRIT India & Shah Investor's Home Close, Vishal Nirmiti Opens
September 30 is one of the busiest primary-market days of the month. Two mainboard IPOs — SRIT India and Shah Investor's Home — close bidding today, two fresh issues — Vishal Nirmiti and Nityas Gems & Jewellery — open for subscription, allotments get finalised for the four big IPOs that closed yesterday, and Swastika Infra made a strong debut this morning. Here is everything you need to know.
IPOs closing today: SRIT India (Day 3)
SRIT India, the Bengaluru-based IT and digital-solutions company, enters the final day of bidding with strong momentum. The ₹218.40-crore pure fresh issue was subscribed 4.16 times by the end of Day 2.
| Category | Day 2 subscription |
|---|---|
| QIB | 0.03x |
| NII | 5.25x |
| Retail | 6.04x |
| Total | 4.16x |
In the grey market, the IPO is commanding a premium of around ₹33 — roughly 25% over the ₹130 upper price band — implying a listing price near ₹163. (GMP is unofficial and subject to change.)
| SRIT India IPO detail | |
|---|---|
| Price band | ₹123–130 |
| Lot size | 115 shares (min investment ₹14,950) |
| Open / close | 28 Sept – 30 Sept 2026 |
| Allotment (expected) | 1 Oct 2026 |
| Listing (expected) | 6 Oct 2026, NSE & BSE |
| Lead manager | Choice Capital Advisors |
| Registrar | KFin Technologies |
Retail demand has been the standout: the retail portion was fully subscribed on Day 1 itself. For a full review of the issue's business and financials, read our SRIT India IPO deep-dive.
IPOs closing today: Shah Investor's Home (Day 3)
The ₹90.17-crore retail broking IPO has picked up pace on its final day. By midday, it was subscribed around 2.5 times overall, led by non-institutional investors.
| Category | Day 3 (midday) |
|---|---|
| QIB | 1.08x |
| NII | 4.10x |
| Retail | 2.52x |
| Total | ~2.5x |
The issue received bids for about 92.44 lakh shares against 37.79 lakh on offer. The grey market premium stands near ₹15 — roughly 9% over the ₹167 upper price band — implying a listing near ₹182. (GMP is unofficial and subject to change.)
IPOs opening today: Vishal Nirmiti
Vishal Nirmiti's ₹178-crore mainboard IPO opens today. The railway-infrastructure and pre-stressed concrete products company is offering a combination of a ₹145-crore fresh issue and a ₹33-crore offer for sale.
| Vishal Nirmiti IPO detail | |
|---|---|
| Price band | ₹208–220 |
| Lot size | 68 shares (min investment ₹14,960) |
| Open / close | 30 Sept – 5 Oct 2026 |
| Allotment (expected) | 6 Oct 2026 |
| Listing (expected) | 8 Oct 2026, NSE & BSE |
The grey market premium is around ₹2 — essentially flat — suggesting a near-par debut. (GMP is unofficial.)
IPOs opening today: Nityas Gems & Jewellery
The ₹108.35-crore IPO of the lab-grown diamond-studded gold jewellery maker also opens today. The issue closes on 5 October, with allotment expected on 6 October and listing scheduled for 8 October on the NSE and BSE. The grey market premium is around ₹9. (GMP is unofficial and subject to change.)
Both new issues will be open through the first week of October, alongside several SME IPOs that opened today, including TNA Solutions, Acme India Industries, Paramount Syntex, Omara Ventures India, Sollfege Smart Electronics, Eventions, SJP Ultrasonics and Dove Soft.
Allotments finalised today: 4 big IPOs
The basis of allotment is being finalised today for the four mainboard IPOs that closed yesterday after collectively raising ₹1,775.90 crore.
| IPO | Final subscription | GMP (unofficial) | Listing (expected) |
|---|---|---|---|
| Orient Cables | 92.97x | ~₹70 (~26%) | 5 Oct |
| German Green Steel & Power | 28.98x | ~₹15 (~11%) | 5 Oct |
| AceVector (Snapdeal) | 4.93x | ₹0–2 (flat) | 5 Oct |
| Runwal Enterprises | 2.50x | Flat | 5 Oct |
Orient Cables was the star of the batch at nearly 93 times subscription, with retail at 31.31x and QIB at 192.68x. All four issues list on the NSE and BSE on 5 October. Investors can check their allotment on the BSE/NSE websites or the respective registrars' portals. For details on the Snapdeal parent's issue, see our AceVector IPO deep-dive.
Listing today: Swastika Infra debuts at 8.11% premium
Swastika Infra listed this morning at ₹200 on both the NSE and BSE — an 8.11% premium over its ₹185 issue price — and quickly hit the upper circuit at ₹210 (NSE) / ₹209.95 (BSE). The debut beat the unofficial grey market estimate of around ₹192–193.
The ₹160.88-crore EPC issue (power transmission and distribution infrastructure) had been subscribed 7.60 times: NII 18.50x, retail 5.39x, QIB 3.22x.
What to watch next
- Tomorrow (1 Oct): Moneyview (98.46x) and A-One Steels (11.61x) list on the exchanges.
- 1 Oct: Allotment finalised for SRIT India and Shah Investor's Home.
- 5 Oct: Orient Cables, German Green Steel, AceVector and Runwal Enterprises list.
- 8 Oct: Vishal Nirmiti and Nityas Gems & Jewellery list.
For yesterday's final-day numbers on the closed issues, see our IPO subscription update for 29 Sept, and for this morning's grey market picture, the IPO GMP roundup for 30 Sept.
FAQs
What is the last date to apply for the SRIT India IPO?
Today, 30 September 2026, is the final day of bidding. Allotment is expected on 1 October and listing on 6 October.
When is the allotment for Orient Cables, German Green Steel, AceVector and Runwal IPOs?
The basis of allotment is being finalised today, 30 September. All four issues are scheduled to list on 5 October.
What was Swastika Infra's listing price?
₹200 on both NSE and BSE, an 8.11% premium over the ₹185 issue price. It hit the upper circuit shortly after debut.
Which IPOs opened today?
Vishal Nirmiti (₹178 crore) and Nityas Gems & Jewellery (₹108.35 crore) opened today and close on 5 October.
Is GMP official?
No. Grey market premium is unofficial, market-reported data that can change quickly and does not guarantee the actual listing price.
Conclusion
September 30 packs two IPO closings, two openings, four allotments and one strong listing into a single day. SRIT India's final-day trajectory and the opening-day response to Vishal Nirmiti and Nityas Gems will set the tone for October's pipeline, with the four heavily subscribed issues listing on 5 October and Moneyview debuting tomorrow. As always, base your decisions on the offer documents and your own risk appetite — not on grey market numbers alone.