- Opening today: HD Fire Protect, Ravita Engineering Services and Vaibhav Vyapaar
- Highest GMP: Tonbo Imaging India at ₹398 (+56.9%)
- Best debut on 12 Oct: R.K. Fashion Accessories at -2.4%
In this post
Tuesday, 13 October 2026. Here is what is happening in the IPO market today: three new issues open for bidding.
For each issue you will find the price band, lot size, grey market premium (GMP), financials and key dates, with links to the live IPO pages. Figures are as of 8:45 AM IST; GMP and subscription change through the day, so check the IPO page before you apply.
Today at a glance
| Event | IPOs |
|---|---|
| Opening today | HD Fire Protect, Ravita Engineering Services, Vaibhav Vyapaar |
IPOs opening today
three issues open for bidding today. Here is what each company does, how much it is raising and what its numbers look like.
HD Fire Protect IPO
HD Fire Protect is an Indian manufacturer and supplier of fire protection equipment and systems, offering water, foam, and gas-based fire suppression solutions. The ₹712.31 Cr issue is entirely an offer for sale, so the money goes to the selling shareholders, not the company. Promoter holding falls from 100% to 85% after the issue.
The price band is ₹258 – 271 a share; one lot of 55 shares costs ₹14,905 at the upper price. Bidding runs from Tue, 13 Oct to Thu, 15 Oct, the basis of allotment is expected on Fri, 16 Oct and the shares are due to list on Wed, 21 Oct on BSE, NSE.
In the grey market, the shares last traded at a premium (GMP) of ₹75, 27.7% above the upper price, which points to a listing around ₹346. GMP is unofficial and can change quickly; see the live IPO GMP table.
The company plans to use the fresh issue money for:
- The offer is 100% OFS, so the company shall not receive any proceeds from this issue
The offer document reports return on equity (RoE) of 30.17% and RoCE of 40.33%. Lead manager: Ambit Pvt. Ltd. Registrar: MUFG Intime (Link Intime). HD Fire Protect IPO: live GMP, subscription and allotment
Ravita Engineering Services IPO
The ₹116.05 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 73.74% to 53.46% after the issue.
The price band is ₹105 – 112 a share; one lot of 1,200 shares costs ₹1,34,400 at the upper price. Bidding runs from Tue, 13 Oct to Thu, 15 Oct, the basis of allotment is expected on Fri, 16 Oct and the shares are due to list on Wed, 21 Oct on NSE SME.
In the grey market, the shares last traded at a premium (GMP) of ₹5, 4.5% above the upper price, which points to a listing around ₹117. GMP is unofficial and can change quickly; see the live IPO GMP table.
Restated financials from the offer document (₹ crore):
| Period | Revenue | Profit after tax | Net worth | Borrowings |
|---|---|---|---|---|
| FY24 | ₹13.53 Cr | ₹1.51 Cr | ₹3.3 Cr | — |
| FY25 | ₹109.3 Cr | ₹11.83 Cr | ₹15.13 Cr | — |
| FY26 | ₹277.82 Cr | ₹28.04 Cr | ₹99.56 Cr | — |
Revenue rose from ₹13.53 Cr in FY24 to ₹277.82 Cr in FY26, a compound annual growth of 353.1%. Profit after tax grew from ₹1.51 Cr to ₹28.04 Cr. That is a net profit margin of 10.1% in FY26.
The company plans to use the fresh issue money for:
- To meet long-term working capital requirements of the Company: about ₹70 crore
- Funding capital expenditure requirements of our Company towards purchase of certain heavy equipment: about ₹25.53 crore
- General Corporate Purposes
The offer document reports return on equity (RoE) of 48.9%, RoCE of 48.65% and a debt-to-equity ratio of 0.19. Lead manager: Vivro Financial Services Pvt. Ltd. Registrar: MUFG Intime (Link Intime). Ravita Engineering Services IPO: live GMP, subscription and allotment
Vaibhav Vyapaar IPO
Vaibhav Vyapaar is a Non-Banking Financial Company (NBFC) providing unsecured personal loans to salaried and self-employed individuals through its fully digital lending platform. The ₹40.54 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 99.99% to 72.34% after the issue.
The price band is ₹50 – 52 a share; one lot of 2,000 shares costs ₹1,04,000 at the upper price. Bidding runs from Tue, 13 Oct to Thu, 15 Oct, the basis of allotment is expected on Fri, 16 Oct and the shares are due to list on Wed, 21 Oct on NSE SME.
There is no reliable grey market quote for this IPO yet; follow the live IPO GMP table for updates.
Restated financials from the offer document (₹ crore):
| Period | Revenue | Profit after tax | Net worth | Borrowings |
|---|---|---|---|---|
| FY24 | ₹25.46 Cr | ₹0.45 Cr | ₹25.74 Cr | — |
| FY25 | ₹25.34 Cr | ₹1.48 Cr | ₹27.22 Cr | — |
| FY26 | ₹37.64 Cr | ₹1.97 Cr | ₹29.19 Cr | — |
Revenue rose from ₹25.46 Cr in FY24 to ₹37.64 Cr in FY26, a compound annual growth of 21.6%. Profit after tax grew from ₹0.45 Cr to ₹1.97 Cr. That is a net profit margin of 5.2% in FY26.
The company plans to use the fresh issue money for:
- Augment the capital base of the company: about ₹32 crore
- General Corporate Purposes
The offer document reports return on equity (RoE) of 6.99%, RoCE of 26.99% and a debt-to-equity ratio of 1.6. Lead manager: GetFive Advisors Pvt. Ltd. Registrar: KFin Technologies. Vaibhav Vyapaar IPO: live GMP, subscription and allotment
How the last listings did
The one IPO that listed on Monday, 12 Oct, with the opening (listing) price and the close that day against the issue price, from the NSE and BSE price files.
| IPO | Issue price | Listing price | Listing gain | Day-1 close | Close vs issue |
|---|---|---|---|---|---|
| R.K. Fashion Accessories | ₹82 | ₹80 | -2.4% | ₹76 | -7.3% |
Full story, with GMP against the actual listing for each IPO: IPO Listing Recap (12 Oct 2026): R.K. Fashion Accessories Lists 2% Lower.
R.K. Fashion Accessories had the strongest debut, opening -2.4% above its issue price against a last GMP of +1.8%.
GMP today: open and upcoming IPOs
Tonbo Imaging India has the highest grey market premium today at ₹398 (+56.9%). A high GMP shows strong demand in the unofficial market, but it is not a guarantee: it can fall sharply before listing, especially when many issues compete for money in the same week. Read what is IPO GMP to see how it works.
The full, live table is on the IPO GMP today page.
Opening in the next few days
| IPO | Board | Opens | Closes | Price band | Issue size |
|---|---|---|---|---|---|
| Fusion CX | Mainboard | Wed, 14 Oct | Fri, 16 Oct | ₹275 – 289 | ₹702 Cr |
| Bonfiglioli Transmissions | Mainboard | Thu, 15 Oct | Mon, 19 Oct | ₹558 – 586 | ₹2,533.66 Cr |
| Sahajanand Medical Technologies | Mainboard | Thu, 15 Oct | Mon, 19 Oct | ₹327 – 344 | ₹475.48 Cr |
| Shellz India | SME | Thu, 15 Oct | Mon, 19 Oct | ₹170 – 179 | ₹59.97 Cr |
| Tonbo Imaging India | Mainboard | Thu, 15 Oct | Mon, 19 Oct | ₹665 – 700 | ₹852.18 Cr |
| Zetwerk | Mainboard | Thu, 15 Oct | Mon, 19 Oct | ₹143 – 151 | ₹5,012.33 Cr |
Add any of these to your phone calendar from its IPO page, or see every date on the IPO calendar.
Frequently asked questions
Which IPO has the highest GMP today?
Tonbo Imaging India has the highest GMP among open and upcoming IPOs at ₹398 (+56.9%), which points to a listing around ₹1,098 against an upper price of ₹700. GMP is unofficial and can change.
How do I check my IPO allotment status?
After the basis of allotment, check on the registrar's website with your PAN or application number, or on the BSE and NSE websites. Our IPO allotment status page links to each registrar.
This update is compiled automatically from IPO Darbaar's IPO database at 8:45 AM IST on 13 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.
