Four mainboard IPOs — Orient Cables (India), German Green Steel and Power, SoftBank-backed AceVector and Runwal Enterprises — closed for subscription on Tuesday, with demand varying across the issues. Orient Cables attracted the highest investor interest, followed by German Green Steel and Power, while AceVector and Runwal Enterprises also received subscriptions exceeding their respective offer sizes.

Orient Cables was subscribed 82.59 times, while German Green Steel and Power received 22.94 times subscription. AceVector was subscribed 3.93 times and Runwal Enterprises 2.09 times, according to subscription data available at the close of bidding.

These shares will tentatively list on bourses on October 5, 2026.

Category-wise subscription

Orient Cables (India) received 82.59 times subscription as of 3.30 pm. The qualified institutional buyers (QIB) portion was subscribed 155.45 times, while the non-institutional investor (NII) and retail portions received 111.05 times and 26.75 times subscription, respectively.

German Green Steel and Power was subscribed 22.94 times as of 3.27 pm. The QIB portion received 6.06 times subscription, while the NII category was subscribed 51.59 times and the retail portion 20.27 times.

AceVector, the parent of Snapdeal, was subscribed 3.93 times as of 3.30 pm. The QIB portion was subscribed 2.28 times, the NII portion 7.27 times and the retail category 3.71 times.

Runwal Enterprises received 2.09 times overall subscription as of 3.30 pm. The QIB portion was subscribed 2.87 times, while the NII category received 3.73 times subscription. The retail portion was subscribed 0.95 times and the employee portion 1.09 times.

German Green Steel and Power’s IPO

German Green Steel and Power’s IPO comprised a fresh issue of up to ₹290 crore and an offer for sale (OFS) of 10 lakh shares. At the upper end of the price band, the issue size works out to around ₹304 crore. The company raised ₹91.16 crore from anchor investors and fixed the price band at ₹132–139 per share.

Proceeds will be used to expand its manufacturing facility at Samakhiyali in Gujarat, set up a hybrid wind and solar power plant, repay debt and meet general corporate expenses.

AceVector’s IPO

AceVector’s IPO comprised a fresh issue worth ₹287 crore and an OFS of 4.16 crore shares worth ₹133 crore at the upper end of the price band. The company raised ₹189 crore from anchor investors and fixed the price band at ₹30–32 per share.

Existing investors, including SoftBank, Nexus Venture Partners and Foxconn, are selling part of their holdings. Co-founders Kunal Bahl and Rohit Bansal, who together hold a 33.99 per cent stake, are not selling shares in the IPO. AceVector had reduced its issue size from an earlier plan of a ₹300-crore fresh issue and an OFS of 6.38 crore shares.

Runwal Enterprises’ IPO

Runwal Enterprises’ IPO comprised an entirely fresh issue of up to ₹500 crore, reduced from its earlier plan of ₹1,000 crore. The company raised ₹148.95 crore from anchor investors and set the price band at ₹290–305 per share. The proceeds will be used for debt repayment, funding future real estate projects and general corporate purposes.

Orient Cables’ IPO

Orient Cables’ IPO comprised a fresh issue of up to ₹320 crore and an OFS of shares worth up to ₹232 crore. The company raised ₹165.6 crore from anchor investors and fixed the price band at ₹258–272 per share. Proceeds from the fresh issue will be used to purchase machinery and equipment, fund civil works at manufacturing facilities, repay or partially prepay certain borrowings and meet general corporate expenses.

Published on September 29, 2026