IPO Today (15 Oct 2026): 2 IPOs Closing, 5 Opening

Thursday, 15 October 2026. Here is what is happening in the IPO market today: two IPOs take their last bids today and five 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

IPOs closing today

Today is the last day to bid for two IPOs. Applications through UPI usually have to be placed and the mandate approved before the bank cut-off in the afternoon, so do not leave it to the last minute.

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 ₹90, 33.2% above the upper price, which points to a listing around ₹361. GMP is unofficial and can change quickly; see the live IPO GMP table.

By Wed, 14 Oct, 5:00 PM, the issue was subscribed 16.50x overall (QIB 1.49x, NII 48.70x and retail 11.33x), as per NSE data for bids on both exchanges.

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

SME IPOs closing today

IPOs opening today

five issues open for bidding today. Here is what each company does, how much it is raising and what its numbers look like.

Zetwerk IPO

Zetwerk is a technology-led global manufacturing platform. The ₹5,012.33 Cr issue combines a fresh issue of ₹2,830 Cr, which goes to the company, and an offer for sale (OFS) of ₹2,182 Cr by existing shareholders, so about 56% of the money raised reaches the business. Promoter holding falls from 15.86% to 11.36% after the issue.

The price band is ₹143 – 151 a share; one lot of 99 shares costs ₹14,949 at the upper price. Bidding runs from Thu, 15 Oct to Mon, 19 Oct, the basis of allotment is expected on Tue, 20 Oct and the shares are due to list on Fri, 23 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹19, 12.6% above the upper price, which points to a listing around ₹170. GMP is unofficial and can change quickly; see the live IPO GMP table.

The company plans to use the fresh issue money for:

• Repayment/prepayment, in part or in full, of certain or all of the borrowings availed by the company: about ₹1,300 crore
• Funding inorganic growth through unidentified acquisitions and other strategic acquisitions
• Repayment/prepayment, in part or full, of certain or all of the borrowings availed: about ₹860 crore
• General Corporate Purposes

Registrar: KFin Technologies. Zetwerk IPO: live GMP, subscription and allotment

Bonfiglioli Transmissions IPO

Bonfiglioli Transmissions is one of India’s leading technology-driven companies providing mechanical and electro-mechanical power transmission and industrial drive solutions. The ₹2,533.66 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 77% after the issue.

The price band is ₹558 – 586 a share; one lot of 25 shares costs ₹14,650 at the upper price. Bidding runs from Thu, 15 Oct to Mon, 19 Oct, the basis of allotment is expected on Tue, 20 Oct and the shares are due to list on Fri, 23 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹181, 30.9% above the upper price, which points to a listing around ₹767. GMP is unofficial and can change quickly; see the live IPO GMP table.

The offer document reports return on equity (RoE) of 14.66% and RoCE of 20.03%. Lead manager: Axis Capital Ltd. Registrar: MUFG Intime (Link Intime). Bonfiglioli Transmissions IPO: live GMP, subscription and allotment

Tonbo Imaging India IPO

The ₹852.18 Cr issue is entirely an offer for sale, so the money goes to the selling shareholders, not the company. Promoter holding falls from 18.58% to 15.72% after the issue.

The price band is ₹665 – 700 a share; one lot of 21 shares costs ₹14,700 at the upper price. Bidding runs from Thu, 15 Oct to Mon, 19 Oct, the basis of allotment is expected on Tue, 20 Oct and the shares are due to list on Fri, 23 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹500, 71.4% above the upper price, which points to a listing around ₹1,200. GMP is unofficial and can change quickly; see the live IPO GMP table.

The offer document reports return on equity (RoE) of 9.75% and RoCE of 14.54%. Lead manager: JM Financial Ltd. Registrar: KFin Technologies. Tonbo Imaging India IPO: live GMP, subscription and allotment

Sahajanand Medical Technologies IPO

Sahajanand Medical Technologies is a medical technology company engaged in the development, manufacturing and marketing of technologically advanced medical devices, primarily focused on vascular intervention and structural heart intervention. The ₹475.48 Cr issue is entirely an offer for sale, so the money goes to the selling shareholders, not the company. Promoter holding falls from 40.82% to 36.2% after the issue.

The price band is ₹327 – 344 a share; one lot of 43 shares costs ₹14,792 at the upper price. Bidding runs from Thu, 15 Oct to Mon, 19 Oct, the basis of allotment is expected on Tue, 20 Oct and the shares are due to list on Fri, 23 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹37, 10.8% above the upper price, which points to a listing around ₹381. GMP is unofficial and can change quickly; see the live IPO GMP table.

The offer document reports return on equity (RoE) of 10.35%, RoCE of 11.57% and a debt-to-equity ratio of 0.27. Lead manager: Motilal Oswal Investment Advisors Ltd. Registrar: MUFG Intime (Link Intime). Sahajanand Medical Technologies IPO: live GMP, subscription and allotment

Shellz India IPO

Shellz India is involved in the manufacturing and marketing of confectionery products and the manufacturing and supply of food and bakery ingredients. The ₹59.97 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 88.11% to 63.64% after the issue.

The price band is ₹170 – 179 a share; one lot of 800 shares costs ₹1,43,200 at the upper price. Bidding runs from Thu, 15 Oct to Mon, 19 Oct, the basis of allotment is expected on Tue, 20 Oct and the shares are due to list on Fri, 23 Oct on BSE 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):

Revenue rose from ₹162.81 Cr in FY24 to ₹193.18 Cr in FY26, a compound annual growth of 8.9%. Profit after tax grew from ₹5.25 Cr to ₹13.37 Cr. That is a net profit margin of 6.9% in FY26.

The company plans to use the fresh issue money for:

• Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company: about ₹22 crore
• Funding our incremental working capital requirements: about ₹23 crore
• General Corporate Purposes

The offer document reports return on equity (RoE) of 26.87%, RoCE of 19.11% and a debt-to-equity ratio of 1.71. Lead manager: Socradamus Capital Pvt. Ltd. Registrar: Bigshare Services. Shellz India 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.

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%.

Other IPOs open for bidding

GMP today: open and upcoming IPOs

Tonbo Imaging India has the highest grey market premium today at ₹500 (+71.4%). 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

Add any of these to your phone calendar from its IPO page, or see every date on the IPO calendar.

Frequently asked questions

Which IPOs close today, 15 Oct 2026?

Today is the last day to apply for HD Fire Protect and Vaibhav Vyapaar.

Which IPO has the highest GMP today?

Tonbo Imaging India has the highest GMP among open and upcoming IPOs at ₹500 (+71.4%), which points to a listing around ₹1,200 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 15 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.