IPO Listing Recap: Orient Cables Jumps 65% as Snapdeal’s Parent Slips on Debut

From Orient Cables’ 65.44% mainboard pop on 5 October to SRIT India’s 14% premium and Snapdeal-parent AceVector’s 11.56% slide, here’s how the first two trading days of October’s IPO wave played out.

The first full trading week of October 2026 brought a packed IPO listing calendar — and sharply mixed fortunes.

5 October debuts: Orient Cables was the star, listing on the NSE at ₹450 against an issue price of ₹272 — a 65.44% premium on 92 times subscription. German Green Steel & Power listed on the BSE at ₹143.50 (+3.24% on ₹139, subscribed 30.42 times). Runwal Enterprises listed roughly flat against its ₹305 issue price. Sai Urja Indo Ventures (BSE SME) gained 18.41%, listing at ₹133.80 against ₹113 (4.95 times subscription). Bench Mark Infotech (NSE SME) was flat at ₹110 despite a hefty 103.19 times subscription. Himalayan Solar (NSE SME) slipped 17.48% to ₹85.00 on thin 1.19 times demand. Dudani Retail (BSE SME) fell 13.79% to ₹25.00. And AceVector, Snapdeal’s parent, closed its mainboard debut at ₹28.30 on the BSE — 11.56% below its ₹32 issue price.

6 October debuts: Acme Universal Safezone 9 (BSE SME) surged 42.3% to ₹101.00 on ₹71 (23.41 times subscribed). Shah Investor’s Home gained 2.4% to ₹171.00 on ₹167. SRIT India listed on the NSE at ₹148, a 13.85% premium on ₹130, backed by a bumper 125.16 times subscription. Pind Hospitality (BSE SME) fell 20% to ₹79.20, while Shivchem Agro was flat at ₹62.00.

Why it matters for founders

The market is rewarding infra and manufacturing names while punishing retail and consumer plays on debut. Listing-week pricing power belongs to profitable, sector-tailwind businesses — grey-market hype alone is no longer enough.