IPO GMPs: Orient Cables IPO to German Green Steel IPO | What grey market hints on Day 1?
AI Summary
The current surge in IPO activity, particularly with positive grey market premiums for companies like Orient Cables and German Green Steel, indicates a robust investor appetite in the primary market. Retail investors should pay attention to the performance of these IPOs as they may signal broader market sentiment and sector-specific growth, especially in real estate and green technology. Given the recent trends, this could be an opportune moment for investors to consider entering these sectors, while also keeping an eye on subscription rates and GMP fluctuations as indicators of potential listing performance.
The primary market is witnessing a busy spell, with four IPOs opening for public subscription on 25 September across the real estate, steel, networking and digital commerce sectors. Together, the issues are looking to raise around ₹1,776 crore. The IPOs will remain open for subscription until 29 September, making it a packed week for primary-market activity.
On Day 1, the German Green Steel and Power IPO was subscribed 1.23 times so far, while the Orient Cables IPO saw subscription of 1.49 times. The Runwal Enterprises IPO was subscribed 25%, whereas the AceVector IPO received bids for 12% of the shares on offer.
Original Article
Published on Livemint
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What is this article about?
This is a market news update from Livemint, published on 25 September 2026.
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TopFund's automated sentiment analysis reads this article as neutral in tone, based on the language used in the report. This is a general signal, not investment advice.
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The full article is available at the original source, Livemint — see the "Read Original Article" link on this page.