All IPOs Today, October 14, 2026: Open IPOs, GMP and Upcoming Issues
India’s IPO market is getting busy again. After a relatively quieter stretch, investors have several new issues to keep an eye on this week, including two mainboard IPOs currently open or opening today, an SME issue, and four major mainboard offerings scheduled to open on October 15.
The biggest talking point is the upcoming Jio Platforms IPO, but investors do not have to wait for Jio to find activity in the primary market. HD Fire Protect, Fusion CX and Ravita Engineering Services are the immediate issues to watch, while Zetwerk, Bonfiglioli Transmissions, Tonbo Imaging and Sahajanand Medical Technologies are preparing to enter the market.
Here is a practical look at the IPO calendar, price bands, important dates and available GMP information.
IPOs Open Today
As of October 14, three IPOs are in their subscription window. Their closing dates and investment requirements differ, so check the details before applying.
| IPO name | Segment | Price band | IPO dates | Latest reported GMP |
|---|---|---|---|---|
| HD Fire Protect | Mainboard | ₹258–₹271 | Oct 13–15 | Around ₹91 |
| Fusion CX | Mainboard | ₹275–₹289 | Oct 14–16 | Around ₹34 |
| Ravita Engineering Services | SME | ₹105–₹112 | Oct 14–16 | Around ₹2 |
GMP figures are indicative snapshots from IPO trackers and can change throughout the day. They are not official exchange prices or guaranteed listing gains.
1. HD Fire Protect IPO
HD Fire Protect is already open for subscription and is scheduled to close on October 15. The company operates in the fire protection equipment space, making it a business worth examining for investors interested in industrial safety and related products.
The price band is ₹258–₹271 per share, and the reported grey-market premium has been around ₹91 in recent tracker updates. That figure may look attractive, but it should not be treated as a promise of a strong listing.
Investors should review the company's financial performance, valuation, customer base and risks before deciding whether to apply. The subscription window is short, so make sure you have checked the latest figures before the closing deadline.
2. Fusion CX IPO
Fusion CX opened for subscription on October 14 and will remain open until October 16. The mainboard issue has a price band of ₹275–₹289 per share and a reported issue size of approximately ₹702 crore.
The issue includes a fresh share sale of around ₹500 crore and an offer for sale of approximately ₹202 crore. The company plans to use the proceeds for purposes including debt repayment, investment in subsidiaries, technology upgrades and potential acquisitions.
One important detail for investors is that the offer-for-sale portion goes to selling shareholders, while money from the fresh issue goes to the company, subject to the offer documents.
The reported GMP has varied across trackers, so it is worth checking a fresh reading rather than relying on an older number.
3. Ravita Engineering Services IPO
Ravita Engineering Services is the SME IPO in the current lineup. Its subscription period runs from October 14 to October 16, with a price band of ₹105–₹112 per share.
Recent reports have placed its grey-market premium at a relatively modest level. That does not automatically make the issue unattractive, just as a high GMP does not automatically make another IPO a good investment.
SME IPOs can carry additional risks, including lower liquidity after listing and potentially larger price swings. Investors should check the lot size, minimum application amount, financial statements and exchange-specific trading conditions before applying.
Four Mainboard IPOs Opening on October 15
Tomorrow could bring a much busier session for the primary market, with four mainboard IPOs expected to open together. Their combined fundraising target is more than ₹8,800 crore, based on reported issue details.
| IPO name | Price band | Reported issue size | Opening date |
|---|---|---|---|
| Zetwerk Manufacturing Businesses | ₹143–₹151 | About ₹5,012 crore | Oct 15 |
| Bonfiglioli Transmissions | ₹558–₹586 | About ₹2,534 crore | Oct 15 |
| Tonbo Imaging | ₹665–₹700 | About ₹852 crore | Oct 15 |
| Sahajanand Medical Technologies | ₹327–₹344 | About ₹475 crore | Oct 15 |
The four issues are scheduled to close on October 19, with listings expected around October 23, subject to the final exchange timetable.
Zetwerk IPO
Zetwerk is the largest of these four offerings by issue size, with a reported target of approximately ₹5,012 crore. Its price band is ₹143–₹151 per share.
The offer combines a fresh issue and an offer for sale. The fresh proceeds are intended to support the company's business requirements, including debt repayment and growth initiatives, according to reported IPO details.
Because the issue is relatively large, investors may want to look closely at its valuation, financial performance and the balance between fresh fundraising and shares being sold by existing shareholders.
Bonfiglioli Transmissions IPO
Bonfiglioli Transmissions has set a price band of ₹558–₹586 per share for its reported ₹2,534 crore offering. The issue is structured as an offer for sale, meaning the proceeds go to the selling shareholder rather than being raised as fresh capital by the company.
The company operates in power transmission equipment, a sector linked to industrial and manufacturing activity. Investors should consider its business outlook and valuation rather than judging the IPO on market excitement alone.
Tonbo Imaging IPO
Tonbo Imaging is preparing to launch an issue of approximately ₹852 crore, with a price band of ₹665–₹700 per share. The reported offering is an offer for sale by existing shareholders.
The company operates in defence and imaging technology, a segment that can attract investor interest because of its specialised products and potential demand. However, investors should examine the company's financials, order visibility, valuation and risks before applying.
A high reported GMP, where one is quoted, remains only an unofficial sentiment indicator.
Sahajanand Medical Technologies IPO
Sahajanand Medical Technologies has a reported issue size of approximately ₹475 crore and a price band of ₹327–₹344 per share.
The offering is structured as an offer for sale. Investors interested in the healthcare and medical technology sector should assess the company's business performance, product portfolio, growth prospects and valuation before making a decision.
Jio Platforms IPO: The Big Issue Investors Are Watching
Jio Platforms remains one of the most closely watched upcoming IPOs in India. Recent reports suggest that the issue could open on October 21, with a reported price band of ₹1,065–₹1,119 per share.
Reuters reported that the company is targeting a valuation of around ₹102–₹106 billion in US-dollar terms, with the IPO potentially raising approximately ₹30,200 crore at the upper end of the reported price range. These figures are based on reports citing deal sources and should be distinguished from final official offer details.
Jio Platforms operates across telecom and digital services, including mobile connectivity, broadband, cloud, entertainment and enterprise technology. Its scale and links to Reliance Industries have made the proposed listing a major talking point.
Still, a well-known brand does not automatically mean an IPO is attractively priced. Investors should pay attention to the final offer documents, valuation, financial performance and use of proceeds before deciding whether to participate.
IPO GMP Today: What Should Investors Know?
Grey-market premium, or GMP, is often one of the first numbers investors look for before an IPO listing. It provides an unofficial indication of sentiment in the grey market, but it is not an exchange-approved forecast.
A few things are worth remembering:
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GMP can rise or fall before the issue closes and before listing.
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Different trackers may show different figures or update at different times.
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A positive GMP does not guarantee listing gains.
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A low or zero GMP does not, by itself, establish whether an IPO is fundamentally attractive.
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Financial performance, valuation, industry conditions and risk should matter more than a single grey-market number.
For the latest available figures, check the live IPO tracker on GMP IPO Watch and verify the issue details against the official offer documents.
How to Decide Which IPO Deserves Your Attention
With several issues arriving close together, it can be tempting to apply for every IPO showing a positive GMP. A more considered approach is to compare the companies on their own merits.
Before applying, check the price band and minimum investment, understand whether the issue is a fresh issue or an offer for sale, review financial performance and debt, and consider the risks associated with the company's industry.
It is also worth checking the latest subscription figures near the closing date. Early demand can change significantly over the course of an IPO, and subscription numbers alone do not tell the whole story.
SME IPOs deserve particular care because trading liquidity, lot sizes and price movements may differ substantially from those of mainboard shares.
Final Takeaway
The Indian IPO market is picking up pace again. HD Fire Protect, Fusion CX and Ravita Engineering Services are the immediate issues to track, while four mainboard IPOs — Zetwerk, Bonfiglioli Transmissions, Tonbo Imaging and Sahajanand Medical Technologies — are expected to open on October 15.
Beyond this week's calendar, Jio Platforms remains a major upcoming event. Its expected scale is attracting attention, but the final official details and valuation will be crucial.
For investors, the best approach is to keep track of opening and closing dates, compare the fundamentals, and treat GMP as one small part of the decision rather than the deciding factor.
Keep following GMP IPO Watch for IPO opening dates, live GMP updates, subscription status, allotment information and listing news.
Disclaimer: This article is for informational and educational purposes only and is not investment advice. IPO details and unofficial GMP figures may change. Always review the official offer documents and consider your financial circumstances before investing.
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