IPO Today 7 October 2026: Vans Electroengineering Debuts at 90% Premium, R.K. Fashion Closes at ~0.86x
The IPO market's busiest listing week continued today with four SME debuts on 7 October 2026. Vans Electroengineering lived up to its blockbuster billing, listing 90% above its issue price, while Black Opal debuted nearly flat — in line with its collapsed grey market premium. Meanwhile, R.K. Fashion Accessories, the week's only open issue, is in the final hours of bidding with QIBs carrying the book.
R.K. Fashion Accessories IPO: final-day subscription
R.K. Fashion Accessories — the only fresh issue open this week after September's ₹39,000-crore IPO rush — closes for subscription today (7 October). As of around 10:46 AM on Day 3, the ₹34.99-crore NSE SME issue was subscribed ~0.86 times overall:
- QIB: 14.11x (the book was filled on Day 1 itself)
- NII: 0.85x
- Individual investors: 0.62x
The grey market premium was ₹15 (+18.3% over the ₹82 upper band) this morning, implying a listing around ₹97 — unofficial and subject to change.
Issue snapshot: 100% fresh issue of 42.67 lakh shares, price band ₹77–82, lot size 1,600 shares (retail minimum 2 lots = ₹2,62,400 at the upper band). The Kolkata-based imitation jewellery maker will use the proceeds mainly for a new plating facility, a B2B showroom and working capital. Affinity Global Capital Market is the BRLM; Cameo Corporate Services is the registrar. Allotment is expected on 8 October and listing on NSE Emerge is tentatively scheduled for 12 October.
Today's SME listings: Vans +90%, Black Opal +1.5%
Four SME IPOs debuted on 7 October, and the results split exactly as the grey market predicted:
Vans Electroengineering (BSE SME): The ₹33.98-crore railway-electrification component maker's shares listed at ₹224.20 — a 90% premium over the ₹118 issue price — matching the pre-listing GMP of ₹103 almost exactly. The issue had closed at 628.73x subscription, the heaviest among recent SME IPOs. See today's GMP signals in IPO GMP Today (7 Oct).
Black Opal Consultants (BSE SME): The real-estate consultancy IPO listed at ₹200, up just 1.52% from its ₹197 issue price. Its GMP had crashed from ~₹100 to ₹9 in the days before listing, and the flat debut confirmed that signal. The ₹55.08-crore issue had been subscribed 68.71x.
Papadmalji Agro Foods (NSE SME) and Green Asia Impex (NSE SME) also debuted today; neither carried an active grey market premium ahead of listing.
Listing day scorecard
| IPO | Exchange | Issue price (₹) | Listing price (₹) | Listing gain | Final subscription |
|---|---|---|---|---|---|
| Vans Electroengineering | BSE SME | 118 | 224.20 | +90% | 628.73x |
| Black Opal Consultants | BSE SME | 197 | 200 | +1.52% | 68.71x |
| Papadmalji Agro Foods | NSE SME | 72 | — | — | — |
| Green Asia Impex | NSE SME | 90 | — | — | — |
Allotments finalised today
Allotment is expected to be finalised today for three SME IPOs that closed earlier this week:
- Acme India Industries — closed at 124.34x; GMP ₹67 (+34%)
- TNA Solutions — closed at 55.28x
- Paramount Syntex — closed at ~1.92x
All three are scheduled to list on 9 October. Investors can check allotment on the registrar's website using their PAN or application number.
What comes next this week
Tomorrow (8 October) is another heavy listing day, with Vishal Nirmiti, Nityas Gems, Sollfege Smart Electronics, SJP Ultrasonics, Eventions, Dove Soft, Omara Ventures and Everest IMS all scheduled to debut. Everest IMS is showing the strongest grey market signal among them at ₹55 (+64.7%). For how yesterday's listings fared, read IPO Listing 6 October: SRIT India & Shah Investor's Home.
No new issue opens this week. The next mainboard action arrives on 13 October, when HD Fire Protect opens (₹258–271 band, anchor 12 October) — see our HD Fire Protect IPO price band, dates, GMP & review. R.K. Fashion's allotment (8 October) and listing (12 October) round out the week's calendar.
FAQs
How did Vans Electroengineering list today?
Vans Electroengineering listed on BSE SME at ₹224.20 on 7 October 2026 — a 90% premium over its ₹118 issue price — in line with its ₹103 grey market premium.
What is R.K. Fashion IPO's subscription on its final day?
As of midday on 7 October, R.K. Fashion Accessories was subscribed ~0.86 times overall (QIB 14.11x, NII 0.85x, individual investors 0.62x). Final figures arrive after bidding closes at 5 PM.
When is the R.K. Fashion IPO allotment and listing?
Allotment is expected on 8 October 2026; listing on NSE Emerge is tentatively scheduled for 12 October 2026.
Why did Black Opal list flat?
Black Opal's grey market premium had crashed from ~₹100 to ₹9 before listing, and it debuted at ₹200 vs a ₹197 issue price (+1.52%) — the grey market's caution proved accurate.
Conclusion
Today's four SME debuts were a textbook read of the grey market: Vans Electroengineering's ₹103 premium translated into a 90% listing gain, while Black Opal's collapsed premium delivered a flat debut. Attention now turns to this evening's R.K. Fashion final subscription, three allotments finalised today, and another crowded listing day tomorrow.
Related reading: IPO GMP Today (7 Oct): Vans & Black Opal GMP · IPO Listing 6 October 2026 · HD Fire Protect IPO: Price Band, Dates, GMP & Review
Disclaimer: Grey market premiums are unofficial, market-reported figures and are subject to change.