{
  "id": 10669476,
  "title": "Orient Cables, German Green Steel IPOs draw strong demand on last day, AceVector, Runwal follow",
  "url": "https://urgent.news/2026/09/29/orient-cables-german-green-steel-ipos-draw-strong-demand-on-last-day",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T10:33:47.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/orient-cables-german-green-steel-ipos-draw-strong-demand-on-last-day-acevector-runwal-follow/article71523414.ece"
  },
  "original_language": "en",
  "account": "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.\n\nOrient 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.",
  "summary": "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.",
  "key_points": [
    "Orient Cables IPO drew strongest demand with 82.59x subscription",
    "German Green Steel and Power also saw high subscription at 22.94x",
    "AceVector and Runwal Enterprises received significant interest"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "IPO LIVE Today: AceVector, German Green Steel, Runwal Enterprises, Orient Cables & Sai Urja",
        "url": "https://urgent.news/2026/09/29/ipo-live-today-acevector-german-green-steel-runwal-enterprises-orient",
        "published": "2026-09-29T06:19:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}