IPO Subscription Today (2 November 2026): Vedant Poly Fabs Opens Slow at 0.28x, Bombay Coated & Antala Close
Monday's midday primary-market picture is a split one: the week's only new IPO, Vedant Poly Fabs, has made a slow start on Day 1, while two issues — Bombay Coated and Special Steels and Antala Industries — close for bidding today at 5 PM. EAAA India Alternatives, meanwhile, made a flat stock-market debut this morning. Here is the subscription status as of midday on 2 November 2026.
Note: subscription figures below are intraday snapshots from exchange-sourced trackers and will move through the day. Grey market premiums (GMP) are unofficial, market-reported figures and are subject to change.
Vedant Poly Fabs IPO: Day 1 subscription at 0.28x
Vedant Poly Fabs, the only IPO opening this week, got off to a quiet start on its first day. As of around 12:10 PM IST, the NSE SME issue was subscribed 0.28x overall, with non-institutional investors (NIIs) leading at 0.67x, retail investors at just 0.03x, and qualified institutional buyers (QIBs) yet to bid.
The ₹56.68 crore SME issue is priced at ₹88–₹94 per share with a lot size of 2,400 shares (₹2,25,600 at the upper band). It closes on 4 November 2026, with allotment expected on 5 November and listing on NSE SME to follow. The grey market premium was reported at around ₹15 (unofficial) at midday.
Bombay Coated and Special Steels: final day of bidding
The ₹183.06 crore mainboard IPO of Bombay Coated and Special Steels closes today. The issue had closed Day 2 at 3.78x, according to NSE data, with QIBs at 6.56x, retail at 3.02x and NIIs at 1.80x. Final-day bidding runs until 5 PM, so the closing figure will be higher.
Allotment is expected to be finalised on 3 November, with listing on BSE and NSE scheduled for 5 November 2026. The issue is a pure fresh issue of 2.23 crore shares at ₹78–₹82, and the unofficial GMP was around ₹7–₹9 at midday.
Antala Industries: weak final day despite 66.72x QIB demand
Antala Industries' ₹23.33 crore BSE SME IPO also closes today, and it remains a tale of two books. As of 12:43 PM IST, the issue was subscribed 0.96x overall — but that headline hides a sharp split: QIBs bid 66.72x their small quota, while NIIs stood at just 0.16x and retail at 0.25x.
Priced at ₹63–₹67 with a 4,000-share lot, the issue's allotment is scheduled for 3 November and listing for 5 November 2026. No GMP was reported for the issue at midday.
Four SME IPOs close tomorrow (3 November)
Four more SME issues are in their final stretch and close tomorrow. Their latest reported subscription levels (Day 2) were:
| IPO | Price band | Subscription (latest reported) | Closes |
|---|---|---|---|
| Maxwell Engineering | ₹150–₹158 | 4.67x (retail 7.47x) | 3 Nov |
| Johnsoncab Electricals | ₹190–₹200 | 1.14x–1.43x* | 3 Nov |
| Vectras Enprocon | ₹99–₹105 | 1.20x | 3 Nov |
| HGS (India) | ₹114–₹120 | 1.16x | 3 Nov |
*Trackers differ slightly on Johnsoncab's Day 2 figure (1.14x vs 1.43x); the issue is fully subscribed on either reading. See our Johnsoncab Electricals IPO deep-dive for full issue details.
Maxwell Engineering is the clear leader of this group, with an unofficial GMP of around ₹70 (about 44%) reported at midday, while HGS (India) carried a GMP of around ₹30 (unofficial).
EAAA India Alternatives lists flat at ₹1,675.50
EAAA India Alternatives, the Edelweiss Group's alternative investment platform, listed this morning at ₹1,675.50 on NSE (+0.63%) and ₹1,673 on BSE (+0.48%) against its issue price of ₹1,665. The stock traded up to around ₹1,708–₹1,711 intraday, roughly 2.6–2.7% above the issue price.
The ₹1,200 crore issue was a pure offer for sale with no fresh issue component, and was subscribed 5.25x during its 26–28 October bidding window. The muted debut came in below the unofficial GMP of around ₹55–₹60 that had been reported ahead of listing.
Key dates this week
| Event | Date |
|---|---|
| Bombay Coated & Antala close | 2 November 2026 (5 PM) |
| Bombay Coated & Antala allotment | 3 November 2026 |
| HGS, Maxwell, Johnsoncab, Vectras close | 3 November 2026 |
| Vedant Poly Fabs closes | 4 November 2026 |
| Bombay Coated & Antala listing | 5 November 2026 |
| Vedant Poly Fabs allotment (expected) | 5 November 2026 |
FAQs
Which IPOs are open for subscription today (2 November 2026)?
Seven issues are open: Vedant Poly Fabs (Day 1), Bombay Coated and Special Steels and Antala Industries (final day), plus HGS (India), Maxwell Engineering, Johnsoncab Electricals and Vectras Enprocon, which close on 3 November.
What is the Vedant Poly Fabs IPO subscription status on Day 1?
As of around 12:10 PM IST on 2 November, Vedant Poly Fabs was subscribed 0.28x overall — NII 0.67x, retail 0.03x, QIB 0.00x. The issue closes on 4 November.
When is the Bombay Coated IPO allotment and listing?
Allotment is expected on 3 November 2026 and listing on BSE and NSE on 5 November 2026.
Why is Antala Industries subscribed below 1x despite 66.72x QIB bids?
The QIB quota in the small ₹23.33 crore SME issue is tiny (36,000 shares), so heavy QIB bidding barely moves the total. Retail (0.25x) and NII (0.16x) demand — which make up most of the issue — remained weak at midday on the final day.
How did EAAA India Alternatives list?
EAAA listed at ₹1,675.50 on NSE (+0.63%) and ₹1,673 on BSE (+0.48%) against its ₹1,665 issue price, then traded up to around ₹1,711 intraday.
Conclusion
The midday takeaway: Vedant Poly Fabs needs a strong Day 2–3 pickup after its slow 0.28x start, Bombay Coated heads for a comfortable close on its final day, and Antala looks set to close below full subscription on the retail and NII books despite extraordinary QIB interest. Tomorrow brings four more SME closes — watch Maxwell Engineering, the standout of the group. For the full week ahead, see our Upcoming IPOs This Week (2–8 Nov) roundup and this morning's IPO GMP Today (2 Nov) update.