The primary market is buzzing with activity as multiple mainboard IPOs race toward their closing bells. With bidding windows closing soon for several prominent names, investors are scrambling to separate the high-flyers from the duds. If you are tracking the gray market to make your final call, you are in the right place.
Here is your comprehensive Daily IPO GMP Roundup for today, packed with the latest gray market premiums, subscription statuses, and actionable insights to help you navigate your trades.
Market Overview: Where Is the Momentum Today?
Sentiment in the primary market remains selective. While manufacturing and infrastructure-adjacent plays are drawing strong institutional and retail interest, lower-priced or slower-moving counters are struggling to catch a bid. Bidding closes on September 29, 2026, for most active issues, meaning today and tomorrow are critical for final subscription numbers.
Let’s dive straight into the numbers to see which stocks are winning the gray market game and which ones are leaving investors underwhelmed.
Top IPO GMP Leaders: Who’s Winning?
1. Orient Cables (India) Limited
- Issue Price: Rs.258 to Rs.272
- Current GMP: Rs.80
- Total Subscription: 1.32x
- Bidding Dates: 25-Sep-2026 to 29-Sep-2026
The Verdict: Orient Cables is comfortably sitting on the throne as the current superstar of this IPO batch. With a steady GMP of Rs.80 backed by a solid subscription rate of over 1.3x, momentum here is rock solid. Investors looking for listing gains are heavily eyeing this counter as the deadline approaches.
2. A-One Steels India Limited
- Issue Price: Rs.385 to Rs.405
- Current GMP: Rs.51
- Total Subscription: 0.99x (Closing soon on 28-Sep-2026)
The Verdict: Coming in hot with a stable Rs.51 GMP, A-One Steels is just a hair’s breadth away from being fully subscribed. As its bidding window wraps up tomorrow, expect a late surge in institutional bidding.
The Steady Mid-Tiers & Slow Movers
3. Runwal Enterprises Limited
- Issue Price: Rs.290 to Rs.302
- Current GMP: Rs.30
- Total Subscription: 0.24x
- Bidding Dates: 25-Sep-2026 to 29-Sep-2026
The Verdict: Runwal has seen some volatility in its grey market premium—dipping as low as Rs.16 earlier in the week before stabilizing around Rs.30. However, with a low subscription rate of 0.24x, it needs a massive pickup in retail and QIB interest over the next 48 hours.
4. German Green Steel and Power Limited
- Issue Price: Rs.132 to Rs.139
- Current GMP: Rs.28
- Total Subscription: 1.48x
- Bidding Dates: 25-Sep-2026 to 29-Sep-2026
The Verdict: While its GMP is modest at Rs.28, German Green Steel and Power is winning hearts on subscription metrics, pulling in a healthy 1.48x coverage. This indicates strong underlying demand despite a modest expected listing pop.
Which IPO Is Struggling?
5. AceVector Limited
- Issue Price: Rs.30 to Rs.32
- Current GMP: Rs.2
- Total Subscription: 0.18x
- Bidding Dates: 25-Sep-2026 to 29-Sep-2026
The Verdict: If any stock is effectively “crashing” or stalling out in this cohort, it’s AceVector. With a dismal subscription rate of just 0.17x and a microscopic GMP of Rs.2, the market has shown almost zero enthusiasm for this issue. Unless you have high conviction in the long-term fundamentals, the writing on the wall points toward a dull listing.
EliteBulletin Final Takeaway
If you are chasing listing gains, Orient Cables (India) remains the clear front-runner with the highest GMP and robust subscription numbers. For those willing to look at subscription velocity over raw GMP, German Green Steel and Power offers a safer bet for allotment. Stay cautious on low-momentum plays like AceVector as the clock ticks down on these September 2026 windows!
Disclaimer: GMP data is based on informal market tracking and unofficial estimates. IPO investments carry financial risks. Always consult your financial advisor before bidding.
