AceVector, Runwal and German Green Steel IPOs draw strong Day 2 demand
In short
Three mainboard IPOs were in their second bidding day: AceVector, Runwal Enterprises and German Green Steel & Power. German Green Steel was 3.14 times subscribed, while AceVector and Runwal were each 37% subscribed.
This matters because it shows investor demand for new listings. The report also says 20 IPOs are set for next week, but it does not say how the bidding will end.
What the reporting says
AceVector, Runwal Enterprises and German Green Steel & Power were in their second bidding day, with German Green Steel’s issue subscribed 3.14 times and the other two each 37% subscribed, according to the publisher summary. The report also says 20 IPOs are scheduled for next week with combined proceeds of Rs 1,292 crore. It does not say how the demand will change before closing or which investors are driving the bids.
Why it matters
AceVector, Runwal Enterprises and German Green Steel & Power were in their second bidding day, with German Green Steel subscribed 3.14 times and the other two at 37%, per the publisher summary. The report also notes 20 IPOs planned for next week with Rs 1,292 crore targeted in proceeds. This points to active primary-market demand, though the final subscription outcome is still unknown.