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Business news · IPO & Capital Markets · 05 Oct 2026

Orient Cables lists 65% above issue price; AceVector opens 11.5% below and Runwal Enterprises at par

IN Capital Goods Realty Consumer Services Metals & Mining

What happened

Four mainboard companies that together raised Rs 1,776 crore between September 25 and 29 began trading on Monday. Orient Cables (India) opened at Rs 450 on the NSE against an issue price of Rs 272, a 65.44% premium. German Green Steel & Power opened at Rs 142 against Rs 139. Runwal Enterprises opened at its Rs 305 issue price on the NSE and Rs 306 on the BSE. AceVector, Snapdeal's parent, opened at Rs 28.32 against Rs 32, an 11.5% discount.

Why it matters for listed companies

The openings tracked demand in the books: Orient Cables' Rs 552 crore issue was subscribed 97.25 times and German Green Steel's Rs 304 crore issue 30.5 times, while Runwal's Rs 500 crore fresh issue drew 2.65 times and AceVector's Rs 420 crore issue 5 times. For the primary market the day is a data point on pricing: the cables maker left room for investors, while the e-commerce and real-estate issues did not. Several SME issues close this week into the same market, with the Nifty under pressure from crude and bond yields.

Reported by Business Today — “4 listings: Solid gains in Orient Cables, AceVector disappoints; Runwal & German make flat debut” ↗ on 05 Oct 2026.

How these sectors have moved since

NSE stocks, from the last close on or before 05 Oct 2026 to the close on 16 Oct 2026.

SectorStocksMedian moveUpvs all stocks
Capital Goods126 -3.3%38 of 126-3.0 pts
Realty17 -1.1%7 of 17-0.8 pts
Consumer Services46 +0.1%23 of 46+0.4 pts
Metals & Mining27 -2.8%5 of 27-2.5 pts
All tracked stocks804-0.3%374 of 804—
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

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