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Six mainboard IPOs open today: Fabtech, Glottis, Om Freight, Pace Digitek, Jinkushal, and TruAlt are witnessing public bidding on Monday.
IPOs Today.
IPOs Today: The primary market continues to see increased activity, since as many as six mainboard IPOs are open for bidding today, September 29. Two of them — Jinkushal Industries and TruAlt Bioenergy — are going to be closed today. One IPO — Pace Digitek — is witnessing its second day of bidding. Three IPOs — Fabtech Technologies, Glottis, and Om Freight Forwarders — opened today, September 29.
Subscription Status & GMP Of Six Mainboard IPOs (As of 11:20 am today):
| IPO Name | Subscription Status | GMP |
|---|---|---|
| Fabtech Technologies (Day 1) | 0.08x | 5.24% |
| Glottis (Day 1) | 0.04x | 9.3% |
| Om Freight Forwarders (Day 1) | 0.12x | 8.15% |
| Pace Digitek (Day 2) | 0.29x | 5.48% |
| Jinkushal Industries (Day 3) | 11.42x | 14.05% |
| TruAlt Bioenergy (Day 3) | 4.35x | 21.17% |
Day 1 IPOs
Three IPOs opened their bidding today. Fabtech Technologies has received a subscription of 0.08x, with a grey market premium (GMP) of 5.24%. Glottis has seen a slower start at 0.04x subscription, while its GMP stands at 9.3%. Om Freight Forwarders is at 0.12x subscription, quoting a GMP of 8.15%.
Day 2 IPO
Pace Digitek is in its second day of bidding, with 0.29x subscription so far. Its GMP is at 5.48%.
Day 3 IPOs
Two IPOs are in their third day. Jinkushal Industries is seeing robust demand with 11.42x subscription and a GMP of 14.05%. TruAlt Bioenergy is also drawing strong interest at 4.35x subscription, with a GMP of 21.17%.
WeWork India IPO Price Band Fixed At Rs 615-648
Meanwhile, co-working space operator WeWork India on Monday announced a price band of Rs 615 to Rs 648 per share for its upcoming Rs 3,000 crore initial public offering (IPO).
At the upper end, the company is valued at around Rs 8,685 crore.
The issue will open for public subscription on October 3 and close on October 7, while bidding for anchor investors will take place on October 1, according to the company’s public announcement.
The IPO, which is entirely an Offer-for-Sale (OFS) of up to 4.63 crore equity shares, will see the promoter group entity, Embassy Buildcon LLP, and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their stakes. The proposed IPO is worth Rs 3,000 crore at the upper end.
Tata Capital IPO Price Band Fixed At Rs 310-326
Non-banking financial company Tata Capital has set the price band for its much-awaited Rs 15,512 crore Initial Public Offering (IPO) at Rs 310-326 per share, making it the largest issue of the year.
At the top end of the band, the non-banking financial company commands a valuation of about Rs 1.38 lakh crore.
The maiden public offering will open for subscription on October 6 and close on October 8, with the anchor book bidding scheduled for October 3, according to a public announcement.
The IPO, comprising a total of 47.58 crore shares, includes a fresh issue of 21 crore equity shares and an Offer For Sale (OFS) of 26.58 crore shares. At the upper price band, the issue is expected to raise Rs 15,512 crore.
Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.
Currently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while IFC owns 1.8 per cent holding.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 29, 2025, 11:28 IST
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