IPO Today (6 October): 3 SME IPOs Close, SRIT India Debuts Up 14%
Quick take: Tuesday is a busy day for the primary market. Three SME IPOs — Acme India Industries, TNA Solutions and Paramount Syntex — are on their final day of bidding. R.K. Fashion Accessories entered Day 2 at 0.44x. On the listing side, SRIT India made a strong debut at ₹148 (up 13.85%), while Shah Investor's Home listed at a modest ₹171 (up 2.4%).
SRIT India & Shah Investor's Home List Today
Both mainboard IPOs made a positive debut on the NSE and BSE on Tuesday morning.
| IPO | Issue price | Listing price (NSE) | Listing gain | Final subscription |
|---|---|---|---|---|
| SRIT India | ₹130 | ₹148 | +13.85% | 125.16x |
| Shah Investor's Home | ₹167 | ₹171 | +2.40% | 38.12x |
SRIT India: The IT services company's shares listed at ₹148 on the NSE, a premium of 13.85% over the ₹130 issue price. On the BSE, the stock began trading at ₹139.80, up 7.54%. The debut came in below the grey-market expectations — the stock was trading at a premium of ₹60–62 per share in the unofficial grey market ahead of listing, which had suggested a 46–48% pop. As of the listing price, investors made a profit of ₹2,070 on each lot of 115 shares allotted to them. The ₹218.40 crore issue had received 40.98 lakh applications and was subscribed 125.16 times.
Shah Investor's Home: The retail broking player listed at ₹171 on both exchanges, a 2.4% premium over the ₹167 issue price — a muted debut against a grey-market premium of ₹15–17 per share. Investors made ₹340 per lot (85 shares) on listing. The ₹90 crore issue was subscribed 38.12 times with nearly 4.2 lakh applications.
Both listings are useful reminders that grey-market premiums are unofficial indicators and can miss the actual listing price by a wide margin — particularly relevant for the two SME IPOs listing tomorrow.
Three SME IPOs Close Today (Oct 6)
Acme India Industries, TNA Solutions and Paramount Syntex — all three BSE SME issues that opened on 30 September — are on their final day of bidding today. Subscription numbers are expected to move up in the last hours, as is typical for SME issues.
Day 3 subscription (midday trends)
| IPO | Issue size | Price band | Day 3 subscription (approx.) | GMP (unofficial) |
|---|---|---|---|---|
| Acme India Industries | ₹121.69 cr | ₹186–196 | ~3.56–5.14x | ₹14 (+7.14%) |
| TNA Solutions | ₹37.86 cr | ₹66–70 | ~3.06–3.77x | ₹10 (+14.29%) |
| Paramount Syntex | ₹81.79 cr | ₹119–127 | ~1.52–1.53x | Nil |
Acme India Industries is leading the pack at roughly 3.5–5x, with the QIB portion around 5.7x. The railway public-address and public-information systems maker plans to use ₹38 crore for working capital and ₹41 crore for debt repayment. Its grey-market premium has cooled from ₹30 (15.31%) to ₹14 as of this morning, according to market trackers.
TNA Solutions is around 3–3.8x overall, with a ₹10 grey-market premium indicating roughly 14% expected listing gain (unofficial).
Paramount Syntex has a modest overall subscription of about 1.5x, but the QIB portion is very strong at 119.29x — institutional demand is carrying the book. The ₹81.79 crore issue is a 100% fresh issue, with ₹61.68 crore earmarked for modern machinery upgrades.
For all three, allotment is expected to be finalised on 7 October, with a tentative listing date of 9 October on the BSE SME platform.
R.K. Fashion Accessories: Day 2 at 0.44x
The NSE SME issue of R.K. Fashion Accessories — the only IPO currently open beyond today — entered its second day at 0.44x overall as of 12:15 PM, according to exchange bidding data:
- QIB: 14.11x (43,200 shares offered, 6.09 lakh shares bid)
- HNI/NII: 0.62x
- Individual (retail): 0.07x
- Overall: 0.44x
The ₹34.99 crore pure fresh issue (₹77–82, lot size 1,600) closes tomorrow, 7 October, with allotment expected on 8 October and a tentative listing on 12 October. The grey-market premium is ₹7, implying an expected listing gain of about 8.5% — unofficial and subject to change. The company, which sells imitation jewellery under the City Girl brand, plans to use ₹22.25 crore of the proceeds for a new plating facility and a new B2B showroom in Kolkata.
For more on this issue and other IPOs in the pipeline, see our Upcoming IPOs This Week roundup and the SRIT India IPO deep-dive.
Allotments Finalised Today
Three IPOs are expected to finalise allotments today, 6 October:
- Om Freight Forwarders IPO — ₹122.31 crore SME issue (₹128–135), subscribed 3.87 times. Investors can check status on Bigshare Services, BSE or NSE.
- Dove Soft IPO — ₹73.26 crore issue, subscribed 1.38 times. Registrar is Purva Sharegistry; tentative listing on 8 October.
- Nityas Gems & Jewellery IPO — basis of allotment on 6 October, with a tentative listing date of 8 October.
What's Next
- 7 October: Vans Electroengineering and Black Opal list. Grey-market premiums suggest strong debuts — ₹103 (+87%) for Vans and ₹88 (+45%) for Black Opal — but today's SRIT India debut showed how far grey-market expectations can miss.
- 7 October: Final subscription closes for R.K. Fashion Accessories; allotments for the three SME IPOs closing today.
- 8–9 October: Allotments and refunds for today's closures; Dove Soft, Nityas Gems and others head toward listing.
FAQs
Which IPOs are open for subscription today (6 October)?
Three SME IPOs — Acme India Industries, TNA Solutions and Paramount Syntex — are on their final day of bidding. R.K. Fashion Accessories (NSE SME) is on Day 2 and closes on 7 October.
What was the SRIT India IPO listing price?
SRIT India listed at ₹148 on the NSE (+13.85%) and ₹139.80 on the BSE (+7.54%), against an issue price of ₹130.
What was the Shah Investor's Home IPO listing price?
Shah Investor's Home listed at ₹171 on both the NSE and BSE, a 2.4% premium over the ₹167 issue price.
Which IPOs list tomorrow (7 October)?
Vans Electroengineering and Black Opal list on 7 October. Grey-market premiums (unofficial) suggest listing gains of roughly 87% and 45% respectively.
When are allotments for today's IPO closures?
Acme India Industries, TNA Solutions and Paramount Syntex are expected to finalise allotments on 7 October, with listing on 9 October.
Conclusion
Tuesday delivered two contrasting debuts — SRIT India's 14% pop against a 48% grey-market whisper, and Shah Investor's Home's quiet 2.4% listing — plus a crowded closing day for three SME issues. With Vans and Black Opal debuting tomorrow at huge grey-market premiums, the rest of the week will test whether those unofficial numbers hold up any better. Bidding for Acme India Industries, TNA Solutions and Paramount Syntex closes today; R.K. Fashion Accessories has one more day.
GMP and subscription figures marked as "approx." or described as market-reported are unofficial and change through the day. Listing prices and subscription multiples are from exchange data and financial press reports.