IPO Subscription Today 26 Oct: EAAA Day 1 at 0.02x, Jio & Paras Allotment
Monday's primary market is a tale of two speeds. The only big mainboard issue to open today, EAAA India Alternatives, has made a very slow start, while two of last week's headline issues — Jio Platforms and Paras Healthcare — reach allotment day. Here is the midday picture for 26 October 2026, with the numbers as reported around midday and the key dates to watch.
EAAA India Alternatives IPO: slow Day 1
EAAA India Alternatives opened for subscription today, 26 October, and will close on 28 October. The Rs 1,200 crore issue is entirely an offer for sale of 72.07 lakh shares by promoter selling shareholder Edelweiss Securities & Investments Pvt. Ltd., so the company itself receives no proceeds.
By midday on Day 1, overall subscription was just about 0.02x, according to live trackers. Retail investors were at about 0.02x and non-institutional investors at about 0.06x, while qualified institutional buyers had not yet bid in size. That is a notably soft opening for a Rs 1,200 crore mainboard issue, and the next two days — especially QIB participation — will decide whether it gets fully subscribed.
| Category | Day 1 subscription (midday, 26 Oct) |
|---|---|
| Qualified Institutional Buyers (QIB) | ~0.00x |
| Non-Institutional Investors (NII) | ~0.06x |
| Retail Individual Investors (RII) | ~0.02x |
| Total | ~0.02x |
The grey market premium (GMP) has also cooled sharply. Trackers put EAAA's GMP at roughly Rs 35–50 on 26 October, against an upper price band of Rs 1,665 — implying only about 2–3% over the issue price. That is down from about Rs 121 on 24 October and about Rs 80 on 25 October on some trackers. GMP is unofficial and unregulated market-reported data, not an exchange price, and it can change quickly.
EAAA IPO details at a glance
| Detail | Information |
|---|---|
| Issue size | Rs 1,200 crore (100% offer for sale) |
| Price band | Rs 1,585–1,665 per share |
| Lot size | 9 shares (minimum investment Rs 14,985 at the upper band) |
| Open / close | 26–28 October 2026 |
| Allotment (expected) | 29 October 2026 |
| Listing (expected) | 2 November 2026, on BSE and NSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Anchor book | Rs 360 crore raised ahead of the open |
Read our earlier coverage of the anchor book here: EAAA IPO Anchor Book: Rs 360 Crore Raised Ahead of Oct 26 Open.
Core4 Engineers IPO: Day 2 improves to 0.25x
The other issue currently open is the BSE SME IPO of Core4 Engineers, which opened on 23 October and closes on 27 October. After a slow Day 1 at 0.08x (retail 0.14x, NII 0.05x, QIB 0.00x), Day 2 bidding has picked up: trackers put the issue at about 0.25x, with retail at about 0.26x and NII at about 0.59x. QIB bids were still awaited at the time of the Day 2 reading.
| Category | Day 1 (23 Oct) | Day 2 (26 Oct reading) |
|---|---|---|
| QIB | 0.00x | 0.00x |
| NII | 0.05x | 0.59x |
| Retail | 0.14x | 0.26x |
| Total | 0.08x | 0.25x |
Core4 Engineers is a Rs 54.82 crore entirely fresh issue priced at Rs 88–93 per share, with a minimum application of 2,400 shares (Rs 2,23,200 at the upper band). Allotment is scheduled for 28 October and listing on BSE SME is tentatively set for 30 October. Read our earlier Day 1 update: Core4 Engineers IPO Subscription: 0.08x Before Final Days.
Jio Platforms and Paras Healthcare: allotment day
Both Jio Platforms and Paras Healthcare closed on 23 October and are due to finalise their basis of allotment today, 26 October, ahead of listing on BSE and NSE on 28 October.
- Jio Platforms: the Rs 30,213 crore issue closed at 22.19x overall — QIB 70.55x, NII 14.00x, retail 2.72x. The GMP on allotment day is about Rs 247–248 against the Rs 1,119 upper band, implying an indicative listing price of about Rs 1,366–1,367, or roughly 22% over the issue price. GMP is unofficial and subject to change. Applicants can check allotment on the KFin Technologies portal or the BSE/NSE allotment pages using their PAN or application number. Refunds and demat credits are due on 27 October.
- Paras Healthcare: the Rs 1,450 crore issue closed at 2.34x overall — QIB 3.25x, retail 2.10x, NII 0.69x. Its GMP on 26 October is about Rs 9–12 against the Rs 693 upper band, implying a near-flat listing at about Rs 702. Allotment can be checked on the MUFG Intime portal or the BSE/NSE pages, with refunds and demat credits due on 27 October.
Read our allotment-day preview for Jio here: Jio IPO Allotment 26 Oct: Check Status, GMP & Listing. Also see this morning's roundup: IPO GMP Today 26 Oct: Jio 22%, EAAA Opens, BLS Leads.
What to watch next
- 27 October: Core4 Engineers closes; SFC Environmental Technologies, BLS Polymers and Wiscon Industries open; Jio and Paras refunds/demat credits.
- 28 October: EAAA closes; Jio Platforms and Paras Healthcare list; Core4 allotment.
- 29 October: EAAA allotment (expected); see Upcoming IPOs This Week (26 Oct–2 Nov): 9 Issues, Dates, GMP.
FAQs
How much is the EAAA IPO subscribed on Day 1?
About 0.02x by midday on 26 October 2026, with retail at about 0.02x and NII at about 0.06x; QIB bids had not yet come in at that reading. Final Day 1 figures will be higher once the full day's bidding is tallied.
What is the EAAA IPO GMP today?
Trackers put it at roughly Rs 35–50 on 26 October, down from about Rs 121 on 24 October. GMP is unofficial, unregulated and subject to change; it is not a guaranteed listing price.
When is the Jio IPO allotment and listing?
Allotment is due on 26 October 2026, with refunds and demat credits on 27 October and listing on BSE and NSE on 28 October 2026.
When is the Paras Healthcare IPO allotment and listing?
Allotment is due on 26 October 2026, with listing on BSE and NSE on 28 October 2026.
When does the Core4 Engineers IPO close?
27 October 2026, with allotment on 28 October and tentative BSE SME listing on 30 October 2026.
Conclusion
Midday on 26 October, the market's attention is split: EAAA's Day 1 demand is weak and its GMP has faded to 2–3%, Core4 is improving slowly on Day 2, and the real action is in allotment — Jio's 22.19x book and Paras's 2.34x book both resolve today ahead of Wednesday's listings. EAAA has two more days to build momentum, and QIB participation on Days 2–3 will be the number to watch.
Disclaimer: This article is for information only and is not investment advice. Subscription and GMP figures are as reported around midday on 26 October 2026 and may change through the day; GMP is unofficial and unregulated.