Trading desks witnessed an active session on Monday, October 5, as four distinct mainboard listings arrived simultaneously across the BSE and NSE. Together, these market entrants raised around Rs. 1,775.90 crore through their public offerings. However, trading opened to sharply contrasting fortunes, ranging from massive initial premiums to double-digit opening discounts.
Orient Cables Leads the Pack with Stellar Gains
Orient Cables (India) delivered the standout debut among the day's listings, rewarding allotment holders with robust opening returns. On the BSE, shares commenced trading at Rs. 448.10, registering a steep 64.74% jump over the upper limit of its Rs. 258 to Rs. 272 price band. Over on the NSE, the opening quote was logged at Rs. 450. Ahead of the session, the grey market premium pointed toward Rs. 121 with an anticipated listing gain of around 44%. The final market opening comfortably outperformed those projections.
Modest Premium for German Green Steel & Power
German Green Steel & Power recorded a slightly positive debut, navigating market conditions with restrained gains. The company saw its shares open on the BSE at Rs. 143.50, representing a 3.24% premium against its upper issue price of Rs. 139. On the NSE, trading kicked off at Rs. 142, reflecting limited immediate buying momentum compared to the day's top performer.
Runwal Enterprises Records Flat Debut
Runwal Enterprises entered the secondary market with an almost unchanged valuation on Monday morning. On the BSE, the counter opened at Rs. 306, representing a negligible 0.33% margin above its Rs. 305 upper band. On the NSE, the stock began trading exactly at its upper issue price of Rs. 305, resulting in an essentially neutral debut for investors.
Snapdeal Entity AceVector Sinks to a Discount
AceVector, the listed corporate face of Snapdeal, registered the weakest showing among the newly listed cohort. Instead of listing at a premium, the stock started trading under pressure, opening on the BSE at Rs. 28.30, which marked an 11% discount against its Rs. 30 to Rs. 32 band ceiling. On the NSE, the stock opened at Rs. 28.32. The discounted start aligned with unlisted market trends, where indications had softened to a mere Rs. 1 premium prior to listing.
