Tue, 20 Oct 2026
03:27:50 pm
Synopsis
6 IPOs are open or available for subscription in India on October 15, 2026. Check issue sizes, price bands, GMP, lot sizes and listing dates.

India's primary market has six mainboard IPOs seeking to raise a combined ₹10,287.78 crore as of October 15, 2026. Tonbo Imaging India, Zetwerk Manufacturing Business, Bonfiglioli Transmissions and Sahajanand Medical Technologies open for subscription today. HD Fire Protect enters its final bidding day, while Fusion CX is on its second day.
Tonbo Imaging India has the highest reported grey market premium (GMP) at 71.43%, followed by HD Fire Protect at 32.84% and Bonfiglioli Transmissions at 30.38%. GMP figures are unofficial estimates and do not guarantee listing prices or gains.
| IPO | Issue size | Price band | Closing date |
|---|---|---|---|
| HD Fire Protect | ₹712.13 crore | ₹258 to ₹271 | October 15 |
| Fusion CX | ₹702 crore | ₹275 to ₹289 | October 16 |
| Tonbo Imaging India | ₹852.18 crore | ₹665 to ₹700 | October 19 |
| Zetwerk Manufacturing Business | ₹5,012.33 crore | ₹143 to ₹151 | October 19 |
| Bonfiglioli Transmissions | ₹2,533.66 crore | ₹558 to ₹586 | October 19 |
| Sahajanand Medical Technologies | ₹475.48 crore | ₹327 to ₹344 | October 19 |
HD Fire Protect's ₹712.13 crore IPO is entirely an offer for sale (OFS) of 2.63 crore shares. The issue opened on October 13 and closes today, October 15. It was subscribed 16.50 times by the end of the second day, with strong demand from non institutional investors. Its reported GMP of ₹89 suggests an estimated listing price of ₹360 per share.
| Particular | Details |
|---|---|
| Price band | ₹258 to ₹271 |
| Lot size | 55 shares |
| Minimum retail investment | ₹14,905 |
| Subscription status | 16.50 times |
| GMP | ₹89 or 32.84% |
| Expected allotment | October 16 |
| Tentative listing | October 21 |
Fusion CX is raising ₹702 crore through a fresh issue of ₹500 crore and an OFS of ₹202 crore. The IPO opened on October 14 and closes on October 16. It was subscribed 41% by the end of the first day. The reported GMP of ₹33 indicates an estimated listing price of ₹322 per share.
| Particular | Details |
|---|---|
| Price band | ₹275 to ₹289 |
| Lot size | 51 shares |
| Minimum retail investment | ₹14,739 |
| Subscription status | 41% |
| GMP | ₹33 or 11.42% |
| Expected allotment | October 19 |
| Tentative listing | October 22 |
Tonbo Imaging India is raising ₹852.18 crore through an OFS of 1.22 crore shares. The subscription window runs from October 15 to October 19. Its reported GMP of ₹500 per share is the highest among the six IPOs, indicating an estimated listing price of ₹1,200.
| Particular | Details |
|---|---|
| Price band | ₹665 to ₹700 |
| Lot size | 21 shares |
| Minimum retail investment | ₹14,700 |
| GMP | ₹500 or 71.43% |
| Expected allotment | October 21 |
| Tentative listing | October 23 |
Zetwerk Manufacturing Business has the largest issue in this group at ₹5,012.33 crore. The IPO includes a fresh issue of ₹2,830 crore and an OFS of ₹2,182.33 crore. Its reported GMP of ₹19 per share suggests an estimated listing price of ₹170.
| Particular | Details |
|---|---|
| Price band | ₹143 to ₹151 |
| Lot size | 99 shares |
| Minimum retail investment | ₹14,949 |
| GMP | ₹19 or approximately 12.58% |
| Expected allotment | October 21 |
| Tentative listing | October 23 |
Bonfiglioli Transmissions is raising ₹2,533.66 crore through an OFS of 4.32 crore shares. The IPO opens on October 15 and closes on October 19. Its reported GMP of ₹178 per share indicates an estimated listing price of ₹764.
| Particular | Details |
|---|---|
| Price band | ₹558 to ₹586 |
| Lot size | 25 shares |
| Minimum retail investment | ₹14,650 |
| GMP | ₹178 or 30.38% |
| Expected allotment | October 21 |
| Tentative listing | October 23 |
Sahajanand Medical Technologies is raising ₹475.48 crore through an OFS of 1.38 crore shares. The IPO opens on October 15 and closes on October 19. Its reported GMP of ₹41 per share suggests an estimated listing price of ₹385.
| Particular | Details |
|---|---|
| Price band | ₹327 to ₹344 |
| Lot size | 43 shares |
| Minimum retail investment | ₹14,792 |
| GMP | ₹41 or 11.92% |
| Expected allotment | October 21 |
| Tentative listing | October 23 |
HD Fire Protect closes on October 15, followed by Fusion CX on October 16. The other four IPOs close on October 19. Investors can track subscription figures, allotment announcements and the scheduled listing dates as the issues progress. GMP figures may change before listing and are not a guarantee of listing gains.

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