IPOs This Week (19 Oct – 25 Oct 2026): 7 IPOs Open, 9 Listings

Here is the IPO calendar for the week of 19 Oct – 25 Oct 2026. seven IPOs take bids at some point this week (six mainboard issues and one SME issue), and nine companies are due to list. two 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 18 Oct, 10:00 AM and change daily.

The week at a glance

Mainboard IPOs this week

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 ₹5.5, 3.6% above the upper price, which points to a listing around ₹156.5. 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 ₹132, 22.5% above the upper price, which points to a listing around ₹718. GMP is unofficial and can change quickly; see the live IPO GMP table.

By Fri, 16 Oct, 5:00 PM, the issue was subscribed 0.99x overall (QIB 0.16x, NII 1.71x and retail 1.16x), as per NSE data for bids on both exchanges.

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 ₹505, 72.1% above the upper price, which points to a listing around ₹1,205. GMP is unofficial and can change quickly; see the live IPO GMP table.

By Fri, 16 Oct, 5:00 PM, the issue was subscribed 7.77x overall (QIB 3.95x, NII 14.35x and retail 7.12x), as per NSE data for bids on both exchanges.

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 ₹18, 5.2% above the upper price, which points to a listing around ₹362. GMP is unofficial and can change quickly; see the live IPO GMP table.

By Fri, 16 Oct, 5:00 PM, the issue was subscribed 0.82x overall (QIB 1.12x, NII 0.51x and retail 0.82x), as per NSE data for bids on both exchanges.

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

Jio Platforms IPO

Jio Platforms is a technology-driven digital services company that operates through its subsidiary, Reliance Jio Infocomm Limited. The ₹30,213 Cr issue is entirely a fresh issue, so all the money goes to the company. Promoter holding falls from 66.43% to 64.48% after the issue.

The issue price is ₹1,119 a share; one lot of 12 shares costs ₹13,428 at the upper price. Bidding runs from Wed, 21 Oct to Fri, 23 Oct, the basis of allotment is expected on Mon, 26 Oct and the shares are due to list on Wed, 28 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹221, 19.8% above the upper price, which points to a listing around ₹1,340. GMP is unofficial and can change quickly; see the live IPO GMP table.

The company plans to use the fresh issue money for:

• Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL: about ₹27,500 crore
• General Corporate Purposes

The offer document reports RoCE of 10.76%. Lead manager: Kotak Mahindra Capital Co. Ltd. Registrar: KFin Technologies. Jio Platforms IPO: live GMP, subscription and allotment

Paras Healthcare IPO

Paras Healthcare is a leading clinical specialty-led hospital platform providing tertiary and quaternary healthcare services across North India, Bihar, and Jharkhand under the Paras Health brand. The ₹1,450 Cr issue combines a fresh issue of ₹500 Cr, which goes to the company, and an offer for sale (OFS) of ₹950 Cr by existing shareholders, so about 34% of the money raised reaches the business.

The issue price is ₹693 a share; one lot of 21 shares costs ₹14,553 at the upper price. Bidding runs from Wed, 21 Oct to Fri, 23 Oct, the basis of allotment is expected on Mon, 26 Oct and the shares are due to list on Wed, 28 Oct on BSE, NSE.

In the grey market, the shares last traded at a premium (GMP) of ₹96, 13.9% above the upper price, which points to a listing around ₹789. GMP is unofficial and can change quickly; see the live IPO GMP table.

The company plans to use the fresh issue money for:

• Prepayment or scheduled repayment, in full or part, of certain outstanding borrowings availed by the Company: about ₹320.90 crore
• Investment in our wholly owned Subsidiary, PMHPL (which also operates a hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL: about ₹54.10 crore
• General Corporate Purposes

The offer document reports return on equity (RoE) of 12.98%, RoCE of 10.76% and a debt-to-equity ratio of 3.53. Lead manager: JM Financial Ltd. Registrar: MUFG Intime (Link Intime). Paras Healthcare 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.

IPO listings this week

The largest listings by issue size are Zetwerk (₹5,012.33 Cr, 23 Oct), Bonfiglioli Transmissions (₹2,533.66 Cr, 23 Oct) and Tonbo Imaging India (₹852.18 Cr, 23 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

Tonbo Imaging India leads the grey market at ₹505 (+72.1%). 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?

7 IPOs take bids between 19 October and 25 October 2026: 6 on the mainboard and 1 on the SME platforms.

Which IPOs list this week?

HD Fire Protect, Vaibhav Vyapaar, Fusion CX, Ravita Engineering Services, Bonfiglioli Transmissions, Sahajanand Medical Technologies, Shellz India, Tonbo Imaging India and 1 more.

Which IPO has the highest GMP this week?

Tonbo Imaging India, at ₹505 (+72.1%) as of 18 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 18 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.