- Best listing: HD Fire Protect at +23.6%
- GMP was within 10 points for 1 of 1
In this post
One company made its stock market debut on Wednesday, 21 October 2026. 1 opened above the issue price and 0 below. HD Fire Protect had the strongest start, opening +23.6% at ₹335 against an issue price of ₹271.
Below: each listing price against the issue price and the last grey market premium (GMP), where the shares closed on day one, and how the issues were subscribed. Listing prices are the first trades on NSE, or BSE for issues listed only there.
Listing day at a glance
| IPO | Board | Issue price | GMP estimate | Listing price | Listing gain | Day-1 close | Close vs issue |
|---|---|---|---|---|---|---|---|
| HD Fire Protect | Mainboard | ₹271 | ₹336 (+24.0%) | ₹335 | +23.6% | ₹306.75 | +13.2% |
GMP vs the actual listing
The grey market came within 10 percentage points of the listing gain for 1 of 1 IPO and within 5 points for 1. The biggest miss was HD Fire Protect, which opened 0.4 points below what its GMP pointed to. Our GMP accuracy tracker keeps the running record across every listing.
Mainboard listings
HD Fire Protect
HD Fire Protect is an Indian manufacturer and supplier of fire protection equipment and systems, offering water, foam, and gas-based fire suppression solutions. It raised ₹712.31 Cr in its IPO. HD Fire Protect opened at ₹335 on NSE, +23.6% against the issue price of ₹271. For an investor allotted one lot of 55 shares, that is a gain of about ₹3,520 at the opening price. The last GMP before listing was ₹65, pointing to about ₹336, so the listing came in 0.4 points below the grey market estimate. The shares closed the day at ₹306.75 (+13.2% against the issue price), below where they opened. The issue had been subscribed 131.70x overall (QIB 256.65x, NII 203.21x, retail 30.49x). HD Fire Protect IPO page
Next listings
These IPOs are due to list in the coming days. The GMP estimate is where the grey market expects them to open; as today showed, the actual listing can differ.
| IPO | Board | Listing date | Issue price | GMP | GMP estimate |
|---|---|---|---|---|---|
| Ravita Engineering Services | SME | Thu, 22 Oct | ₹112 | ₹1 (+0.9%) | ₹113 |
| Fusion CX | Mainboard | Thu, 22 Oct | ₹289 | ₹17 (+5.9%) | ₹306 |
| Bonfiglioli Transmissions | Mainboard | Fri, 23 Oct | ₹586 | ₹135 (+23.0%) | ₹721 |
| Sahajanand Medical Technologies | Mainboard | Fri, 23 Oct | ₹344 | ₹24 (+7.0%) | ₹368 |
| Shellz India | SME | Fri, 23 Oct | ₹179 | ₹25 (+14.0%) | ₹204 |
| Tonbo Imaging India | Mainboard | Fri, 23 Oct | ₹700 | ₹513 (+73.3%) | ₹1,213 |
| Zetwerk | Mainboard | Fri, 23 Oct | ₹151 | ₹0.5 (+0.3%) | ₹151.5 |
| Paras Healthcare | Mainboard | Wed, 28 Oct | ₹693 | ₹35 (+5.1%) | ₹728 |
| Jio Platforms | Mainboard | Wed, 28 Oct | ₹1,119 | ₹254 (+22.7%) | ₹1,373 |
What the day tells us
- By the close, 0 of 1 had risen above their listing price and 1 had fallen below it.
- Listing prices for every IPO are on the IPO listing today page, and year-wise results on the IPO report card.
Frequently asked questions
Which IPOs listed on 21 Oct 2026?
HD Fire Protect.
Which IPO gave the best listing gain on 21 Oct 2026?
HD Fire Protect opened +23.6% at ₹335 against an issue price of ₹271 and closed the day at ₹306.75 (+13.2%).
How accurate was GMP on 21 Oct 2026?
GMP was within 10 percentage points of the listing gain for 1 of 1 IPOs. GMP is unofficial and can differ sharply from the listing price.
This update is compiled automatically from IPO Darbaar's IPO database at 9:45 PM IST on 21 October 2026. Dates, prices and GMP come from offer documents and market sources and can change; the linked IPO pages always show the latest figures. This is not investment advice.
IPOs in this post
For information and education only; not investment advice. Figures come from offer documents, exchange and SEBI filings and IPO Darbaar data as of the date of publishing. Grey market premium (GMP) is unofficial.
