IPO Today (5 Oct): Final-Day Subscription Close and Four Listing Debuts
Monday 5 October 2026 is one of the busiest days in the Indian IPO calendar this year. Two mainboard IPOs — Vishal Nirmiti and Nityas Gems & Jewellery — close their subscription windows at 5 PM today, seven SME IPOs also shut bidding, and four mainboard debutants listed this morning with sharply contrasting fortunes.
Here is your midday snapshot: latest subscription numbers for the closing IPOs, how the four listing debuts went, and what comes next this week.
Data note: Subscription figures below are the latest available as of roughly 11:00–11:30 AM IST on 5 October 2026, sourced from IPO market trackers that compile exchange bid data. Numbers will move before the 5 PM close. Grey market premiums (GMP) are unofficial, market-reported figures and do not guarantee listing prices.
Two Mainboard IPOs Close Today: Subscription Status
Both issues opened on 30 September and close today. Both crossed 1x on the final day, driven largely by retail investors.
| IPO | QIB | NII | Retail | Total (as of ~11 AM) |
|---|---|---|---|---|
| Vishal Nirmiti | 1.00x | 1.25x | 1.07x | ~1.12x |
| Nityas Gems & Jewellery | 0.38x | 0.72x | 2.27x | ~1.09x |
1. Vishal Nirmiti — Crosses 1x on Final Day
The ₹178-crore Vishal Nirmiti IPO (₹145 crore fresh issue + ₹33 crore offer for sale) crossed full subscription on Day 3, reaching about 1.12x by mid-morning on the closing day. Non-institutional investors led at 1.25x, retail moved past 1x to 1.07x, and the small QIB quota was fully covered at 1x.
The civil engineering and construction company manufactures pre-stressed concrete (PSC) railway sleepers and precast concrete products, and undertakes fabrication and erection of MS pipes and penstock pipes for pumped-storage projects. It has set a price band of ₹208–220 per share with a lot size of 68 shares (minimum investment ₹14,960 at the upper band). The basis of allotment is expected on 6 October, with listing on the BSE and NSE scheduled for 8 October. Market trackers report a grey market premium in the range of ₹10–40 (unofficial) — trackers differ on the exact figure, so treat it as indicative only.
2. Nityas Gems & Jewellery — Retail Drives 1.09x
The ₹108.35-crore Nityas Gems & Jewellery IPO (a pure fresh issue of 1.45 crore shares) was at about 1.09x by late morning on the final day. Retail investors carried the issue with a strong 2.27x subscription and the employee quota was at 1.43x, while HNIs reached 0.72x and the large QIB quota lagged at 0.38x.
The company manufactures and retails gold, diamond and other jewellery products. The price band is ₹70–75 per share with a lot size of 200 shares (₹15,000 minimum at the upper band). Allotment is expected on 6 October and listing on the BSE and NSE on 8 October. The grey market premium is thin at roughly ₹1–4 (unofficial), implying a flat listing.
SME IPOs Closing Today
Seven SME issues also close bidding today. Latest available figures from market trackers (Day-2 based, pre-close):
| SME IPO | Latest subscription |
|---|---|
| Sollfege Smart Electronics | ~1.86x (retail ~2.1x) |
| Eventions | ~1.79x |
| EverestIMS Technologies | ~1.70x |
| Shree TNB Polymers | ~0.98x |
| Dove Soft | ~0.86x |
| Omara Ventures | ~0.69x |
| SJP Ultrasonic | ~0.54x |
Final-day numbers for these issues will be confirmed after the 5 PM close; some may or may not cross full subscription.
Four IPOs Listed This Morning: Results
The four mainboard IPOs that closed on 29 September debuted today. The outcomes ranged from a blockbuster to a discounted listing:
| IPO | Issue price | Listing price (NSE/BSE) | Debut performance |
|---|---|---|---|
| Orient Cables (India) | ₹272 | ₹450 / ₹448.10 | +65% — beat the ~44% GMP-implied gain |
| German Green Steel & Power | ₹139 | ₹142 / ₹143 | +2–3% (flat, near the GMP-implied range) |
| AceVector (Snapdeal) | ₹32 | ₹28.32 / ₹28.30 | −11.5% (discounted listing) |
| Runwal Enterprises | ₹305 | ₹305 / ₹306 | Flat (no gain, no loss) |
Orient Cables: Blockbuster 65% Debut
Orient Cables was the star of the day. The ₹552-crore issue (subscribed 92.97x) listed at ₹450 on the NSE, up 65.44% over the ₹272 issue price, and ₹448.10 on the BSE (+64.74%) — well above the grey market's ₹115–121 premium that implied a gain of only 40–45%. The company's market capitalisation stood at about ₹5,099 crore after listing.
German Green Steel: Flat Start
German Green Steel & Power's ₹303.9-crore issue (subscribed 28.98x) debuted at ₹143 on the BSE (+3.24%) and ₹142 on the NSE (+2.16%) over the ₹139 issue price — roughly in line with the grey market's ₹9–12 premium, but the stock faded lower in subsequent trading, slipping below the issue price at one point.
AceVector (Snapdeal): Discounted Listing
AceVector's ₹420-crore IPO (subscribed 4.93x) was the day's disappointment. The Snapdeal parent listed at ₹28.30 on the BSE and ₹28.32 on the NSE — about 11.5% below the ₹32 issue price. With a lot size of 468 shares, investors allotted one lot lost nearly ₹1,730 on listing. The loss-making company's weak grey market signal (GMP ~₹1) had already hinted at trouble.
Runwal: Flat as Expected
Runwal Enterprises' ₹500-crore pure fresh issue (subscribed 2.50x) listed at ₹306 on the BSE and ₹305 on the NSE — exactly at the ₹305 upper price band, as the grey market had predicted (GMP was zero through the listing).
What to Watch This Week
- Today: Vishal Nirmiti and Nityas Gems close at 5 PM; final subscription numbers after close. Black Opal Consultants' allotment (closed 73.80x) is being finalised today.
- Tomorrow (6 Oct): SRIT India (125.16x) and Shah Investor's Home (38.12x) list; three SME IPOs (Paramount Syntex, TNA Solutions, Acme India Industries) close; allotment for Vishal Nirmiti and Nityas Gems is expected.
- 7 Oct: Black Opal Consultants lists on the BSE SME platform.
- 8 Oct: Vishal Nirmiti and Nityas Gems are scheduled to list on the BSE and NSE.
FAQs
What is the subscription status of Vishal Nirmiti and Nityas Gems on the last day?
As of mid-morning on 5 October 2026 (closing day), Vishal Nirmiti was subscribed about 1.12x (retail 1.07x, NII 1.25x, QIB 1.00x) and Nityas Gems & Jewellery about 1.09x (retail 2.27x, employees 1.43x, HNI 0.72x, QIB 0.38x). Final numbers will be confirmed after the 5 PM close.
When is the Vishal Nirmiti IPO allotment and listing date?
The basis of allotment is expected on 6 October 2026, and the shares are tentatively scheduled to list on the BSE and NSE on 8 October 2026.
When is the Nityas Gems IPO allotment and listing date?
Allotment is expected on 6 October 2026, with listing on the BSE and NSE scheduled for 8 October 2026.
How did Orient Cables perform on listing day?
Orient Cables listed at ₹450 on the NSE and ₹448.10 on the BSE on 5 October 2026 — a 65% premium over the ₹272 issue price, beating grey market expectations of a 40–45% gain.
Why did AceVector list at a discount?
AceVector (Snapdeal's parent) remains loss-making (net loss of ₹45.5 crore in FY26), which kept investor enthusiasm low — the issue was subscribed only 4.93x and grey market premiums were near zero, culminating in an 11.5% discount listing at ~₹28.30 against the ₹32 issue price.
Which SME IPOs close today?
Sollfege Smart Electronics, Eventions, EverestIMS Technologies, Shree TNB Polymers, Dove Soft, Omara Ventures and SJP Ultrasonic all close on 5 October 2026.
Conclusion
The final-day momentum pushed both Vishal Nirmiti (1.12x) and Nityas Gems (1.09x) past full subscription, though QIB response was mixed — fully covered in Vishal Nirmiti but weak in Nityas Gems. On the listing front, Orient Cables' 65% debut overshadowed a disappointing -11.5% listing for AceVector and flat debuts for German Green Steel and Runwal. All eyes now turn to tomorrow's listings of SRIT India and Shah Investor's Home, and to the final subscription tallies from today's closes after 5 PM.