Among the four, Black Opal Consultants is the largest issue at Rs 55.08 crore, followed by EverestIMS Technologies at Rs 48.46 crore, Vans Electroengineerings at Rs 33.98 crore and Papadmalji Agro Foods at Rs 20.18 crore.
Indian pharma stocks, including Sun Pharma and Aurobindo Pharma, are in focus after the US exempted India and 19 other countries from 100% tariffs on certain patented specialty pharmaceuticals and ingredients. Eligible products include rare-disease drugs, gene and cell therapies, and infertility treatments. Generic medicines remain outside the Section 232 tariffs.
On September 28, three Nifty500 stocks closed over 1% above their VWAP, signaling potential bullish momentum. A close above VWAP indicates stronger prices than the volume-weighted daily average, reflecting positive market sentiment.
Coforge appoints former Bharti Enterprises vice-chairman Akhil Kumar Gupta as chairperson and independent director for five years, following boardroom turmoil triggered by O P Bhatt’s resignation. The IT services firm retains its FY27 guidance and long-term growth targets.
Brent crude futures were up $1.65, or 1.57%, at $107 a barrel, while US West Texas Intermediate crude rose $1.29, or 1.40%, to $94 a barrel.
The funds raised through the issues are earmarked for purposes including working capital, business expansion, capacity enhancement, debt repayment and general corporate requirements.
The Rs 405-crore A-One Steels India IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The company’s stock is tentatively scheduled to list on both the BSE and NSE on October 1, 2026.
In the grey market, the IPO is commanding a grey market premium (GMP) of over 4%, indicating market expectations of a potential premium over the issue price at listing. However, grey market premiums are unofficial and can change before listing.
Qualified Institutional Buyers (QIBs) led the demand, oversubscribing their allocated quota by 227.45 times. This was followed by Non-Institutional Investors (NIIs), who oversubscribed their reserved quota by 115.41 times. Retail Individual Investors (RIIs) subscribed to 19.57 times their reserved quota.
Equity-index futures for Asia were mixed, while contracts for US stocks edged higher after the S&P 500 erased its advance for the month and the Nasdaq 100 fell 1.1%.
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