Orient Cables, German Green Steel IPOs draw strong demand on last day, AceVector, Runwal follow
Orient Cables attracted the highest investor interest, followed by German Green Steel and Power, while AceVector and Runwal Enterprises also received subscriptions exceeding their respective offer sizes.
Four major IPOs — Orient Cables from India, German Green Steel and Power, SoftBank-backed AceVector and Runwal Enterprises — closed on Tuesday with strong demand across the issues. Orient Cables led with the highest subscription rate at 82.59 times, followed by German Green Steel and Power at 22.94 times. AceVector and Runwal Enterprises also saw significant interest, subscribing 3.93 and 2.09 times their respective offer sizes. All four shares are set to list tentatively on October 5, 2026.
Orient Cables saw the most interest, with qualified institutional buyers (QIB) subscribing 155.45 times, non-institutional investors (NII) at 111.05 times and retail investors at 26.75 times. German Green Steel and Power attracted 6.06 times QIB subscriptions, 51.59 times NII subscriptions and 20.27 times retail subscriptions. AceVector, the parent company of Snapdeal, reached 3.93 times subscription with QIB investors, 7.27 times NII subscriptions and 3.71 times retail subscriptions.
Runwal Enterprises experienced 2.09 overall subscription rate, with QIB investors subscribing 2.87 times, NII at 3.73 times and retail at 0.95 times.
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