IPO GMP Today: 8 Companies Set for Dalal Street Debut Next Week

• by Akanksha Mishra
• 2026-10-03 20:22:00

Primary market activity on Dalal Street is set to reach fever pitch next week as eight companies prepare to make their stock market debut across the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Amid intense bidding across institutional and retail investor desks, gray market premiums (GMP) tracked on Saturday afternoon, October 3, 2026, indicate sharp divergence in opening-day expectations. Leading the pack are Orient Cables and SRIT India, both signaling explosive debuts with estimated listing gains exceeding 40 percent over their upper price bands. Out of the eight scheduled issues, early indications suggest strong double-digit gains for market leaders, modest single-digit premiums for mid-tier issues, one flat listing, and one issue trading under pressure with discounts below its issue price. However, seasoned market analysts caution that GMP remains an unregulated, volatile indicator, advising participants to weigh core balance-sheet fundamentals before deploying capital.

Orient Cables and SRIT India Lead the Rally: GMP Signals Bumper 40% to 44% Debut

The two marquee public issues commanding the strongest bidding appetite are signaling massive opening-day pops:

Orient Cables Commands 44% Premium: Topping the gray market charts, Orient Cables is commanding an unofficial GMP of ₹120, translating to an estimated listing premium of 44.12 percent over its upper issue band of ₹272. This points to an estimated opening price near ₹392 per share. The ₹552 crore issue, which ran from September 25 to September 29, was subscribed a massive 97.28 times, driven by the Qualified Institutional Buyers (QIB) segment booking 192.68 times, Non-Institutional Investors (NII) at 121.90 times, and retail bidding at 32.21 times. Its shares will list on the BSE and NSE on Monday, October 5, 2026.

SRIT India Eyes 40% Listing Surge: Following closely behind, SRIT India holds a firm GMP of ₹52, indicating a 40 percent premium over its upper issue price of ₹130, projecting a potential listing price of ₹182 per share. The company raised approximately ₹218.40 crore during its September 28-30 bidding window, locking in an overwhelming total subscription of 125.16 times. The issue saw staggering demand from high-net-worth individuals, with the NII quota subscribed 312.99 times, QIBs at 91.84 times, and retail investors at 63.70 times. SRIT India shares will list on Tuesday, October 6, 2026.

Moderate Gains on Radar: Shah Investor's Home, Vishal Nirmiti, and German Green Steel

A secondary cluster of listing candidates is positioned to offer moderate single-digit opening-day returns:

Shah Investor’s Home Poised for 9.4% Premium: Backed by an issue size of ₹90.17 crore, Shah Investor’s Home closed its offer with a 38.12 times subscription (QIB 28.05x, NII 95.54x, retail 19.26x). With a current GMP of ₹15.75, the stock indicates a 9.43 percent gain over the upper price band of ₹167, targeting a listing quote around ₹182.75 on October 6.

Vishal Nirmiti Targets ₹240 Debut: The ₹178 crore issue of Vishal Nirmiti, open from September 30 to October 5 in a price bracket of ₹208 to ₹220, is commanding a GMP of ₹20, projecting a 9.09 percent premium and an opening price near ₹240 per share when it lists on Thursday, October 8.

German Green Steel Eyeing 8.3% Upside: Having raised ₹303.90 crore with an overall subscription of 30.42 times, German Green Steel's GMP stands at ₹11.50 over its ₹139 upper band, indicating an 8.27 percent premium and an expected debut near ₹150.50 on October 5.

Nityas Gems & Jewellery at 4%: Trading at the conservative end of positive sentiment, Nityas Gems & Jewellery reflects a modest GMP of ₹3, suggesting a 4 percent premium over its fixed upper price band of ₹75.

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