New IPO Listings on 5 October: Discount or Premium? Orient Cables Surges 65%, AceVector (Snapdeal) Falls 11.5%, Runwal Enterprises Lists Flat and German Green Steel & Power Gains 2%
- October 5, 2026
- Posted by: Kunal Singla
- Category: News
4 IPO listings on 5 Oct raised Rs 1,776 cr: Orient Cables +65.4%, German Green Steel +2.2%, Runwal flat, AceVector (Snapdeal) -11.5% on NSE.
Quick Answer
Four IPO listings on 5 October delivered very different results: Orient Cables listed at Rs 450 on the NSE, a 65.44% premium to its Rs 272 issue price, while German Green Steel & Power gained 2.16%, Runwal Enterprises listed flat at Rs 305 and AceVector, the Snapdeal parent, fell 11.50% to Rs 28.32 against Rs 32. The four issues raised Rs 1,776 crore, and the gap in performance tracked demand: Orient Cables was subscribed 97.25 times against 2.65 times for Runwal and about five times for AceVector. Grey market premiums were a mixed guide, since Orient beat the 42% to 44% implied and AceVector missed a small premium. Investors who were allotted shares should weigh the listing price as the first reference level and their own risk tolerance.
Four IPO listings made their debut on Monday, 5 October: Orient Cables (India), Runwal Enterprises, AceVector, the parent of Snapdeal, and German Green Steel & Power. Together they raised Rs 1,776 crore between 25 and 29 September, and they gave investors a full range of outcomes from a 65% gain to an 11.5% loss.
If you are searching for which of the new IPO listings was the best or worst debut, this article covers the Orient Cables listing price, the AceVector listing price and the Runwal Enterprises listing, issue price and lot size, subscription, grey market premium, profit or loss per lot, the business of each company, why the debuts differed, and what investors can do next. Prices are NSE and BSE debut levels, so recheck live prices before acting.
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IPO Listings on 5 October: The Scorecard
| Company | Issue price | NSE listing price | NSE change | BSE listing price | Subscription |
|---|---|---|---|---|---|
| Orient Cables (India) | Rs 272 | Rs 450 | Up 65.44% | Rs 448.10, up 64.74% | 97.25 times |
| German Green Steel & Power | Rs 139 | Rs 142 | Up 2.16% | Rs 143, up 3.24% | 30.50 times |
| Runwal Enterprises | Rs 305 | Rs 305 | Flat | Rs 306, up 0.33% | 2.65 times |
| AceVector (Snapdeal) | Rs 32 | Rs 28.32 | Down 11.50% | Rs 28.30, down 11.56% | About 5 times |
Orient Cables was the best of the IPO listings and AceVector the worst. The pattern follows subscription: the issues with the most demand listed highest, although German Green Steel’s 30 times subscription produced only a small gain.
Profit or Loss Per Lot Across the IPO Listings
| Company | Lot size | Gain or loss per share | Gain or loss per lot |
|---|---|---|---|
| Orient Cables (India) | 55 shares | Gain of Rs 178 | About Rs 9,790 gain |
| German Green Steel & Power | 107 shares | Gain of Rs 3 | About Rs 321 gain |
| Runwal Enterprises | 49 shares | Nil | Nil |
| AceVector (Snapdeal) | 468 shares | Loss of Rs 3.68 | About Rs 1,722 loss |
These are my calculations at NSE listing prices and will change with the live price. BSE levels differ by a small amount.
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Orient Cables Listing Price: The Blockbuster Debut Among the IPO Listings
The Orient Cables listing price was Rs 450 on the NSE and Rs 448.10 on the BSE against an issue price of Rs 272, from a price band of Rs 258 to Rs 272. The Rs 552 crore issue drew bids of close to Rs 37,600 crore from about 38.45 lakh applications. Qualified institutional buyers bid 182.76 times, non-institutional investors 115.63 times and retail investors 30.55 times.
The company is a B2B manufacturer of networking cables, passive networking equipment and specialised cable solutions for broadband, telecom, data centres, renewable energy and smart buildings. Grey market premium of Rs 115 to Rs 121 signalled a pop of 42% to 44%, and the actual listing beat it.
German Green Steel & Power Listing: A Modest Gain Among the IPO Listings
German Green Steel & Power listed at Rs 142 on the NSE and Rs 143 on the BSE against Rs 139, below the 6% to 8% premium that the grey market implied. The Rs 304 crore issue, in a Rs 132 to Rs 139 band, was subscribed 30.5 times with bids of over Rs 6,470 crore. It is a vertically integrated iron and steel maker producing TMT bars mainly in western India, and it plans to use Rs 226.33 crore for capacity expansion in Gujarat and a hybrid wind and solar power plant.
Runwal Enterprises Listing: A Flat Debut in the IPO Listings
The Runwal Enterprises listing was at Rs 305 on the NSE, exactly at the top of its Rs 290 to Rs 305 band, and Rs 306 on the BSE. The Rs 500 crore issue was entirely fresh shares and drew only 2.65 times subscription from about 1.13 lakh applications. The grey market had signalled a discount of Rs 5 to Rs 10, so a flat debut was better than expected among the IPO listings. The real estate developer plans to use Rs 100 crore to repay borrowings and the rest for future projects and general purposes.
AceVector Listing Price: The Weakest of the IPO Listings (Snapdeal Parent)
The AceVector listing price was Rs 28.32 on the NSE and Rs 28.30 on the BSE against Rs 32, a discount of about 11.5%. The Rs 420 crore issue, in a Rs 30 to Rs 32 band with a lot of 468 shares, was subscribed about five times with bids of Rs 1,170 crore. The grey market had priced only Re 1 of premium, so a double-digit discount made it the weakest of the IPO listings and a negative surprise for holders.
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Why Did These IPO Listings Perform So Differently?
- Demand: among the IPO listings, Orient Cables had 97 times subscription with strong institutional bids, while Runwal had 2.65 times.
- Valuation: issues priced at the top of the band with modest demand had little room to pop.
- Business appeal: networking cables for data centres and broadband carry a growth story that a real estate developer or an e-commerce parent did not match on the day.
- Grey market misses: the grey market understated Orient Cables and overstated AceVector.
- Market mood: the Sensex rose on the day, but stock-specific demand decided each debut.
What Can Investors Do After These IPO Listings?
| Situation | Points to weigh |
|---|---|
| Allotted Orient Cables | A 65% gain is large, so some investors book part and hold the rest; the Rs 450 listing price is a first reference level |
| Allotted German Green Steel | A small gain leaves the decision to fundamentals; the Rs 139 issue price is a floor to watch |
| Allotted Runwal | Flat listing and low subscription mean limited demand; watch the Rs 305 level |
| Allotted AceVector | A loss at listing; weigh the business case and the Rs 28.30 level before deciding |
This table frames the questions for these IPO listings and is not a recommendation. Anchor investor lock-ins, typically 30 days for half of anchor shares, can add supply in early November.
The IPO Market Context Behind These IPO Listings
These IPO listings come in a strong IPO season. Business Today reports that 69 Indian companies raised Rs 90,500 crore in the July to September quarter, even as the stock market sold off. A busy calendar means investors have many choices and are picky, which explains the wide gap between the best and worst debuts.
Risks for New IPO Listings
Volatility: Newly listed stocks from IPO listings swing sharply in the first weeks, in both directions.
Liquidity: Lower-priced and smaller issues can see wide price gaps and circuit limits.
Lock-in expiry: Anchor and pre-IPO shares from these IPO listings unlock over the next one to three months.
Valuation: A large listing pop can leave the stock expensive against earnings.
Business risks: Real estate, steel and e-commerce each carry sector cycles and funding needs.
Conclusion
The four IPO listings on 5 October showed how much subscription and business appeal matter: Orient Cables rose 65%, German Green Steel 2%, Runwal listed flat and AceVector fell 11.5%. The Rs 1,776 crore raised was spread across very different outcomes, so the first-day move in IPO listings should be one input and not the whole decision. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Which IPO had the best listing on 5 October?
Ans. Orient Cables was the best of the IPO listings, and the Orient Cables listing price of Rs 450 on the NSE was a 65.44% premium to its Rs 272 issue price.
Which IPO had the worst listing on 5 October?
Ans. The AceVector listing price was Rs 28.32 on the NSE, 11.50% below its Rs 32 issue price, for the Snapdeal parent.
How was the Runwal Enterprises listing?
Ans. Runwal listed flat at Rs 305 on the NSE and Rs 306 on the BSE against an issue price of Rs 305, after 2.65 times subscription.
How did German Green Steel & Power list?
Ans. It listed at Rs 142 on the NSE, up 2.16% from Rs 139, and at Rs 143 on the BSE, up 3.24%.
How much did the four IPOs raise?
Ans. Together they raised Rs 1,776 crore between 25 and 29 September: Orient Cables Rs 552 crore, Runwal Rs 500 crore, AceVector Rs 420 crore and German Green Steel Rs 304 crore.
How accurate was the grey market premium?
Ans. It was a mixed guide across these IPO listings. Orient Cables beat the 42% to 44% premium, German Green Steel fell short of 6% to 8% and AceVector missed a small premium.
What was Orient Cables’ subscription?
Ans. Orient Cables was subscribed 97.25 times, with qualified institutional buyers at 182.76 times, non-institutional investors at 115.63 times and retail at 30.55 times.
Should I sell my newly listed shares?
Ans. This article does not constitute investment advice. Whether to hold or sell depends on your gain or loss, your view of the business and your risk tolerance. Consult a SEBI-registered financial advisor.
