# Primary Market Action Continues With Multiple Mainboard IPOs Open For Bidding

> Several mainboard IPOs across tech, steel, cables, and real estate are open for bidding this week. Detailed view on subscription status, price bands, lot sizes, closing dates, and grey market premiums for investors.

**Type:** article · **Category:** Money · **Published:** 2026-09-26 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/money/primary-market-action-continues-with-multiple-mainboard-ipos-open-for-bidding-39035 · **Language:** English
**Tags:** IPO, Share Market, Primary Market, Moneyview IPO, Orient Cables IPO, AceVector IPO, GMP

Activity in India's primary market remains intense as multiple companies across diverse sectors approach the public markets to raise capital. From fintech and real estate to steel manufacturing and cabling solutions, investors have several investment opportunities to track. While some issues are heading toward their final bidding deadlines, fresh offerings are entering the market, providing retail and institutional buyers with a range of choices in terms of price bands, lot sizes, and listing dates.

## Closing Bids: Moneyview and A-One Steels Lead Immediate Deadlines
Bengaluru-based fintech firm Moneyview launched its Rs 1,092-crore public offering on September 24. Exchange data from the National Stock Exchange shows that the issue crossed its overall subscription requirement on Day 1, reaching 1.44 times. Retail investors subscribed 1.79 times their reserved portion, while non-institutional investors (NIIs) bid 2.43 times. Moneyview set its price band at Rs 32 to Rs 34 per share with a minimum lot size of 441 shares. The issue closes for subscription on September 28, with shares scheduled to list on October 1.

A-One Steels India represents another key offering closing on September 28. The Rs 405-crore IPO features a price band of Rs 385 to Rs 405 per share with a lot size of 37 shares. On Day 1, total demand stood at 0.58 times, with QIB participation at 0.09 times, NII at 0.77 times, and retail at 0.77 times. Updated figures reported by September 25 showed total subscription climbing to 0.91 times, driven by 1.26 times bidding in retail and 1.19 times in the NII segment. Listing for A-One Steels is scheduled for October 1.

## Strong Day 1 Performance: Orient Cables and German Green Steel
Among the issues that opened on September 25, Orient Cables saw robust initial interest. The Rs 552-crore issue was subscribed 1.96 times on its opening day. Retail bidding reached 2.43 times, while the NII category was subscribed 3.48 times. Excluding anchor allocations, QIB bidding stood at 0.01 times at the end of Day 1. The company fixed its price band at Rs 258 to Rs 272 per share with a lot size of 55 shares. The IPO consists of a fresh issue worth up to Rs 320 crore and an offer for sale (OFS) of up to Rs 232 crore. Bidding closes on September 29, with allotment expected on October 1 and listing set for October 5.

German Green Steel & Power also experienced strong early demand for its Rs 303.90-crore issue, which was subscribed 1.73 times on Day 1. QIB participation reached 1.32 times, NII portion stood at 2.46 times, and retail allocation was subscribed 1.65 times. The price band is set at Rs 132 to Rs 139 per share with a lot size of 107 shares. The issue closes on September 29, targeting a listing date of October 5.

## Slower Opening Demand: Runwal Enterprises and AceVector
Mumbai-headquartered real estate developer Runwal Enterprises recorded a relatively subdued response on Day 1. Its Rs 500-crore IPO was 0.42 times subscribed, with QIBs at 0.96 times, NIIs at 0.28 times, and retail investors at 0.18 times. The company fixed a price band of Rs 290 to Rs 305 per share and a lot size of 49 shares. The subscription window closes on September 29, followed by listing on October 5.

AceVector, the parent company of e-commerce firm Snapdeal, opened its Rs 420-crore public offer on September 25. The issue recorded 0.23 times overall subscription on Day 1. Retail investors applied for 0.62 times their allocation, while NIIs subscribed 0.42 times. QIB bidding had not commenced in the reported Day 1 figures. With a price band of Rs 30 to Rs 32 per share and a minimum lot size of 468 shares, an investor needs Rs 14,976 at the upper price band. The IPO includes a fresh issue of Rs 287 crore and an OFS of up to 4.16 crore shares, having raised Rs 189 crore from anchor investors beforehand. Bidding closes on September 29, with listing scheduled for October 5.

## Fresh IPOs Opening On September 28
Market participation will expand further as two new issues open for subscription on Monday, September 28. SRIT India will open its Rs 218.40-crore issue from September 28 to September 30. The price band is fixed at Rs 123 to Rs 130 per share with a lot size of 115 shares. Ahead of launch, its grey market premium was reported around Rs 26 as of September 25.

Retail broking firm Shah Investors Home will also open its IPO from September 28 to September 30. The Rs 90.17-crore issue carries a price band of Rs 159 to Rs 167 per share with a lot size of 85 shares, aiming for a listing on October 6. Its grey market premium was reported at around Rs 11, representing roughly 7 percent of the upper price band.

## What this means for you
The influx of new mainboard IPOs provides retail and institutional investors with diverse entry points into different industrial sectors.

- **Across India:** Increased corporate fundraising supports business expansion plans and drives capital formation across sectors.
- **For Retail Investors:** Varied lot sizes and price bands allow individual investors to select companies aligned with their investment capacity.
- **For Fintech & Tech:** Listings of Moneyview and AceVector demonstrate public market appetite for tech-enabled business models.
- **For Industrial Sectors:** Issues from Orient Cables and German Green Steel reflect demand for manufacturing and infrastructure supply chains.

## Why this happened
Companies access the primary market to obtain funds for growth, debt repayment, and liquidity for existing shareholders.

- **Capital Raising Needs:** Organizations utilize fresh issues to secure funds for expansion, technology upgrades, and working capital.
- **Shareholder Liquidity:** Offers for sale enable early-stage investors and promoters to monetize a portion of their holdings.
- **Favorable Market Sentiment:** Strong liquidity and steady retail participation create conducive conditions for launching public issues.

## Questions & Answers

### 1. What is the issue size and price band for the Moneyview IPO?
The Moneyview IPO has an issue size of Rs 1,092 crore with a price band fixed at Rs 32 to Rs 34 per share.

### 2. When does the Orient Cables IPO close for subscription?
The Orient Cables IPO closes for subscription on September 29.

### 3. What is the minimum investment required for the AceVector IPO?
The minimum lot size for the AceVector IPO is 468 shares, requiring an investment of Rs 14,976 at the upper price band of Rs 32.

### 4. What was the reported GMP for the Shah Investors Home IPO?
The grey market premium for the Shah Investors Home IPO was reported at around Rs 11 as of September 25.

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