From mint · Dhanya Nagasundaram · · 1m 50s
New IPOs: Discount or Premium Debut
Four Indian IPOs show mixed listing performance with Orient Cables surging 65% while AceVector drops 11.5%.
In brief
Four Indian IPOs show mixed listing performance with Orient Cables surging 65% while AceVector drops 11.5%. Orient Cables rose 65.44% on debut, AceVector fell 11.50%, and German Green Steel & Power traded below issue price. Originally reported by mint.
New IPO Listings
Four new IPOs debuted on October 5 with mixed performance across Indian stock exchanges.
Orient Cables Strong Debut
Orient Cables rose 65.44% to list at ₹450 on NSE, a 64.74% premium on BSE.
German Green Steel & Power
German Green Steel listed at ₹142 on NSE, a 3.24% premium, but later traded below issue price.
Runwal Enterprises
Runwal Enterprises opened at ₹305 on NSE, exactly at IPO price, but later traded 3% below.
AceVector Weak Debut
AceVector listed at ₹28.32 on NSE, down 11.50% from ₹32 IPO price, trading 19% below.
Orient Cables Post-Listing
Orient Cables faced a 10% lower circuit but traded over 48% above IPO price.
German Green Steel & Power
German Green Steel & Power slipped into negative territory after a muted debut.
Runwal Enterprises
Runwal Enterprises turned negative after flat listing, trading more than 3% below IPO price.
AceVector
AceVector extended post-listing decline, falling another 8% and trading over 19% below IPO price.
Orient Cables Analysis
Dr Ravi Singh noted Orient Cables is a B2B manufacturer with nearly two decades of experience.
German Green Steel & Power
German Green Steel & Power is a vertically integrated iron and steel manufacturer with a focus on TMT bars.
Runwal Enterprises
Runwal Enterprises operates across the real estate development cycle with 31.96 million sq ft of developable area.
AceVector
AceVector operates an asset-light, technology-led digital commerce ecosystem including Snapdeal.
Market Outlook
Investors should track revenue growth, profitability, and expansion execution for long-term success.
The short version
Orient Cables rose 65.44% on debut, AceVector fell 11.50%, and German Green Steel & Power traded below issue price.
