Runwal Enterprises to Orient Cables: Four IPOs open for subscription; Check business model, financials & more

NSE IPO, Hero Motors, Rentomojo and many other companies successfully raised funds via IPO in September, 2026. As many as 30 mainboard and 37 SME IPOs opened for subscription till 25th September, and 12 more IPOs are set to open in the remaining days of this month.

Why are so many IPOs coming in September 2026?

September 2026 is an unusually busy month for IPOs, as many companies rush to bring their IPOs before their SEBI approvals expire by the end of this month. If these companies don't launch their IPOs within the deadline, they may have to re-file their offer documents and go through the regulatory process again.

Besides this, in the first half of 2026, domestic markets were highly volatile amid the US-Iran war, FII outflows and a surge in global oil prices, due to which many companies postponed their IPO plans. But recently, market conditions have improved, which may have prompted many companies to bring their public issues.

Around four new mainboard IPOs are opening for subscription today to raise ₹1,776 crore from investors. These new IPOs will be open for subscription between 25 and 29 September, followed by listing on Monday, October 5, 2026.

Orient Cables (India) IPO

Orient Cables IPO will open for subscription on 25 September 2026. The IPO will remain open till 29 September, followed by listing on Monday, October 5. Orient Cables (India) is a B2B manufacturer of networking cables, passive networking equipment and specialised cable solutions.

Incorporated in 2005, the company began manufacturing LAN cables at Unit I in 2006, added patch cords in 2014, CCTV cables in 2015 and CAT6A LAN cables in 2016. Unit II commenced optical-fibre-cable production in 2018, while the company entered keystone jacks in 2024, power strips in 2025 and opened Unit III in Bengaluru in 2026.

The portfolio comprises four segments. Networking cables and solutions include CAT5, CAT5e, CAT6 and CAT6A variants, patch cords, CCTV and coaxial cables. Speciality Power, Optical Fibre Cables and Solutions includes instrumentation, control and power cables, unitube and multitube optical-fibre cables, fibre patch cords and customised assemblies.

Orient Cables (India) IPO objective

• Capital expenditure: The company will utilise ₹91.50 crore to fund machinery, equipment and civil works at existing manufacturing facilities.
• Repayment of borrowings: The company will utilise ₹155.50 crore to repay certain outstanding borrowings
• General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Orient Cables (India) Financials

Runwal Enterprises IPO

Runwal Enterprises is a Mumbai-focused real estate developer operating across residential, commercial, retail and institutional developments.

The company’s residential portfolio spans affordable, mid-income and luxury housing, while its non-residential developments include offices, malls, retail spaces, schools, hospitals and town halls. Runwal Enterprises undertakes the full development cycle, from land identification and acquisition through planning, approvals, construction, marketing and sales. Originally incorporated as Propel Developers Private Limited in February 2016, it subsequently adopted the Runwal Enterprises name and converted into a public company in October 2024.

As of March 31, 2026, the company had completed 19 projects, 28 were ongoing, and 33 were upcoming. These projects represented an aggregate developable area, including the estimated developable area for upcoming projects, of 88.37 msf. Greenfield projects accounted for 83.57 million square feet (msf), or 94.56% of the portfolio.

Runwal Enterprises IPO objective

• Repayment of borrowings: The company will utilise ₹100 crore to repay certain outstanding borrowings.
• Investment in subsidiaries: The company will invest ₹225 crore in wholly owned material subsidiaries Runwal Residency Private Limited and Evie Real Estate Private Limited to repay or prepay borrowings.
• General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes, issue expenses and acquisitions of future real estate projects.

Runwal Enterprises financials

Acevector IPO

AceVector Limited was incorporated as Jasper Infotech Private Limited in September 2007, subsequently renamed Snapdeal Private Limited and Snapdeal Limited, and adopted its present name in January 2023. The company operates an asset-light digital-commerce ecosystem spanning a value e-commerce marketplace, e-commerce-enablement SaaS and consumer brands. Its businesses cover shoppers, sellers, brands and logistics providers across B2C and B2B commerce.

Snapdeal is a pure-play, value-focused marketplace offering fashion, home and general merchandise, and beauty and personal-care products through third-party sellers. It follows a zero-inventory marketplace model and served 18,972 pin codes in FY26. Lifestyle categories accounted for 95.45% of NMV; 83.75% of delivered units were priced below ₹599, and 82.22% originated from non-metro customers. FY26 NMV was ₹1,093.11 crore across 2.60 crore delivered units and 1.22 crore annual transacting customers.

Acevector IPO objective

• Marketing & business promotion expense: The company will utilise ₹132 crore to fund the marketing and business promotion expense of the Marketplace business.
• Technology infrastructure cost: The company will utilise ₹50 crore towards technology infrastructure of the Marketplace business.
• General corporate purposes: Part of the IPO proceeds will be used for unidentified acquisitions, general corporate purposes and issue expenses

Acevector IPO financials

German Green Steel & Power IPO

German Green Steel and Power is a vertically integrated iron and steel manufacturing company that mainly manufactures TMT bars in western India. The company bought the Samakhiyali plant via a process of liquidation under the Insolvency and Bankruptcy Code for ₹35.70 crore in 2018 and began production in 2019.

In 2024, the company bought 97.41% of the shares in German TMT Private Limited to bring the Viramgam plant into its fold. It has now ventured into value-added products, including cut-and-bend bars and epoxy-coated TMT bars, and made a contract manufacturing agreement with JSW One Distribution Limited in 2025.

The company operates two Gujarat manufacturing facilities. Samakhiyali is an integrated facility producing sponge iron, MS billets and TMT bars, while Viramgam, operated through its material subsidiary, manufactures MS billets and TMT bars.

Its TMT portfolio spans Fe500, Fe500D, Fe550, Fe550D and corrosion-resistant grades in sizes from 8 mm to 40 mm. FY26 combined installed capacities were 66,000 MT for sponge iron, 3,57,060 MT for MS billets and 3,01,950 MT for TMT bars, with utilisation of 95.21%, 79.44% and 87.79%, respectively.

German Green Steel & Power IPO objective

• Capital expenditure: The company will utilise ₹226.33 crore to fund expansion of the manufacturing facility in Gujarat and hybrid wind and solar power plant.
• Repayment of loan: The company will utilise ₹7.69 crore to repay certain outstanding borrowings availed by the company.
• General corporate purposes: Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

German Green Steel & Power financials