Orient Cables, AceVector, German Green Steel announce IPO price bands

Orient Cables has priced its IPO at ₹258-272 per share, AceVector at ₹30-32, and German Green Steel and Power at ₹132-139; all three issues open on September 25

Noida-based networking cables and passive networking solutions manufacturer Orient Cables (India) has priced its ₹552-crore initial public offering (IPO) at ₹258-272 per share. The IPO comprises a fresh issue of shares worth ₹320 crore and an offer for sale (OFS) of shares worth ₹232 crore. Bids will open on Friday, September 25, and close on Tuesday, September 29. Investors can bid in multiples of 55 equity shares and higher. The company’s net income in financial year 2025-26 was ₹53.56 crore, up 0.45 per cent from a year earlier, and revenue from operations for the period was nearly ₹1,181.67 crore, up 42 per cent from a year earlier. Lead managers include IIFL Capital Services and JM Financial, and the registrar for the issue is MUFG Intime India.

 

 

AceVector sets IPO price band at ₹30-32/share

 

New Delhi-headquartered value e-commerce and digital commerce platform AceVector has priced its ₹420-crore initial public offering (IPO) at ₹30-32 per share. The IPO comprises a fresh issue of shares worth ₹287 crore and an offer for sale (OFS) of up to 41.56 million equity shares, aggregating to ₹133 crore. Bids will open on Friday, September 25, and close on Tuesday, September 29. Investors can bid in multiples of 468 equity shares and higher. The company’s net loss narrowed to ₹45.51 crore in financial year 2025-26 from ₹126.31 crore a year earlier, while revenue from operations for the period was nearly ₹537.67 crore, up 32.1 per cent from a year earlier. Lead managers include Systematix Corporate Services, IIFL Capital Services, and CLSA India, and the registrar for the issue is MUFG Intime India.

 

German Green Steel and Power prices IPO at ₹132-139/share

 

Ahmedabad-based secondary steel manufacturer German Green Steel and Power has priced its ₹303.90-crore initial public offering (IPO) at ₹132-139 per share. The IPO consists of a fresh issue of shares worth up to ₹290 crore and an offer for sale (OFS) of 1 million equity shares by promoters. Bids will open on Friday, September 25, and close on Tuesday, September 29. Investors can bid in multiples of 107 equity shares and higher. The company’s net income in financial year 2025-26 was ₹79.88 crore, up 91.7 per cent from ₹41.66 crore in financial year 2023-24, while revenue from operations grew 48.6 per cent to ₹1,678.98 crore during the same period. Lead managers include Systematix Corporate Services, Emkay Global Financial Services, and Pantomath Capital Advisors, and the registrar for the issue is Bigshare Services. 

MastercardAsia/Pacific sells 4.3% in Pine Labs

 

Mastercard Asia/Pacific on Monday sold its entire 4.3 per cent stake in Pine Labs through a ~934-crore block deal. The stake was sold at an average share price of ~187.75. ICICI Prudential Life Insurance, Societe Generale and Citigroup Global Markets Singapore led the buyers list. 

 

360 ONE appoints Aashish Agarwal CEO

 

Wealth and asset management firm 360 ONE on Monday announced the appointment of Aashish Agarwal as its chief executive officer (CEO). The veteran investment banker will join 360 ONE on February 15, 2027 after nearly a 7 year stint as the Managing Director and Country Head at Jefferies. Karan Bhagat, currently MD & CEO, will be appointed Vice Chairman and will continue as Managing Director of the Group, the company said. “Yatin Shah, cofounder, 360 ONE, will continue to drive the firms decade-long leadership in wealth management,”it added.