IPOs This Week (12 Oct – 18 Oct 2026): 4 IPOs Open, 1 Listing

Here is the IPO calendar for the week of 12 Oct – 18 Oct 2026. four IPOs take bids at some point this week (two mainboard issues and two SME issues), and one company is due to list. four new issues open during the week.

Below are the dates, price bands and issue sizes for every issue, short profiles of the mainboard and new SME IPOs with their financials, the listing schedule and the expected allotment dates. Grey market premium (GMP) figures are as of 11 Oct, 10:00 AM and change daily.

The week at a glance

Mainboard IPOs this week

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 ₹73, 26.9% above the upper price, which points to a listing around ₹344. 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

Fusion CX IPO

Fusion CX is a customer experience (CX) and business process solutions provider offering multichannel customer support through voice, email, chat, social media, and messaging. The ₹702 Cr issue combines a fresh issue of ₹500 Cr, which goes to the company, and an offer for sale (OFS) of ₹202 Cr by existing shareholders, so about 71% of the money raised reaches the business. Promoter holding falls from 99.03% to 81.82% after the issue.

The price band is ₹275 – 289 a share; one lot of 51 shares costs ₹14,739 at the upper price. Bidding runs from Wed, 14 Oct to Fri, 16 Oct, the basis of allotment is expected on Mon, 19 Oct and the shares are due to list on Thu, 22 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹55, 19.0% above the upper price, which points to a listing around ₹344. 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 full or in part, of certain outstanding borrowings availed by (i) the Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries): about ₹275.70 crore
• Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools, i.e., Arya and MindVoice: about ₹61.15 crore
• Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

The offer document reports return on equity (RoE) of 30.3%, RoCE of 71.59% and a debt-to-equity ratio of 0.53. Lead manager: Nuvama Wealth Management Ltd. Registrar: KFin Technologies. Fusion CX IPO: live GMP, subscription and allotment

SME IPOs this week

SME IPOs list on the BSE SME and NSE Emerge platforms. Their lot sizes are large, so a single application costs much more than on the mainboard, and trading after listing can be thin. Read SME IPO vs mainboard IPO before applying.

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 ₹12, 10.7% above the upper price, which points to a listing around ₹124. GMP is unofficial and can change quickly; see the live IPO GMP table.

Restated financials from the offer document (₹ crore):

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):

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

IPO listings this week

The largest listings by issue size are R.K. Fashion Accessories (₹34.99 Cr, 12 Oct). The IPO listing today page shows the actual listing price as soon as trading starts.

Allotment and listing timetable

Under the T+3 timetable, the basis of allotment is finalised one working day after an issue closes and listing follows on the third working day. Allotment dates below are estimates; exchange holidays push them back by a day.

Check your result on the IPO allotment status page once the registrar publishes it.

GMP this week

HD Fire Protect leads the grey market at ₹73 (+26.9%). The chart ranks every open and upcoming issue with a GMP quote by its premium over the upper price band.

How to use this week's list

• Read beyond the GMP. Look at what the company does, its revenue and profit trend, and what it will do with the money. The profiles above summarise these for each mainboard and new SME issue.
• Watch the last day. Institutional (QIB) bids usually arrive on the final day, so subscription figures can change a lot in the last few hours.
• Know what you are paying. The IPO application calculator shows the amount blocked for one lot or more, and the allotment chance calculator estimates your odds.
• Keep track of dates. The IPO calendar lists every date, and you can add any IPO to your phone's calendar from its page.

Frequently asked questions

How many IPOs open this week?

4 IPOs take bids between 12 October and 18 October 2026: 2 on the mainboard and 2 on the SME platforms.

Which IPOs list this week?

R.K. Fashion Accessories.

Which IPO has the highest GMP this week?

HD Fire Protect, at ₹73 (+26.9%) as of 11 Oct. GMP is unofficial and changes daily.

Can I apply for more than one IPO in the same week?

Yes. Each application blocks money in your bank account until the basis of allotment, so you need enough balance for every application you place. Money for IPOs you are not allotted is released after allotment.

This update is compiled automatically from IPO Darbaar's IPO database at 10:00 AM IST on 11 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.