Indian IPO Weekly Review: 19 Oct–25 Oct 2026
By Automated data summary · Niva Market Watch · Published
This roundup is generated automatically from Niva Market Watch's IPO database. Figures reflect our records at the time of publication; each IPO page has the latest data.
Between Monday 19 Oct and Sunday 25 Oct 2026, 3 IPOs opened for bidding, 7 issues closed and 8 issues listed, according to Niva Market Watch's records.
Issues that closed
6 of the 7 issues that closed have a final subscription figure in our records. The median final overall subscription was 33.71×; 5 issues were subscribed more than 10 times and 0 issues were undersubscribed (below 1×). The highest was Tonbo Imaging India Limited at 132.81× and the lowest Paras Healthcare Limited at 2.34×.
Disclosed issue sizes of these issues add up to ₹35,584 crore (6 of 7 issues have a size in our records). The largest was Jio Platforms Limited at ₹30,213 crore.
| IPO | Exchange | Issue size | QIB | NII | Retail | Overall |
|---|---|---|---|---|---|---|
| Tonbo Imaging India Limited | BSE | ₹852 crore | 293.56× | 156.36× | 31.11× | 132.81× |
| Bonfiglioli Transmissions Limited | BSE | ₹2,534 crore | 120.78× | 40.39× | 5.90× | 46.05× |
| Sahajanand Medical Technologies Limited | NSE | ₹475 crore | 34.70× | 14.64× | 3.04× | 14.21× |
| Zetwerk Manufacturing Businesses Limited | NSE | — | — | — | — | — |
| Shellz India Limited | BSE | ₹59.97 crore | 41.92× | 86.41× | 56.09× | 58.54× |
| Jio Platforms Limited | NSE | ₹30,213 crore | 67.15× | 13.99× | 2.76× | 21.36× |
| Paras Healthcare Limited | BSE | ₹1,450 crore | 3.25× | 0.69× | 2.10× | 2.34× |
“—” in a category column means the figure was not reported, or the category figures did not reconcile with the overall figure in our source.
Listings
8 issues were scheduled to list this week. We do not yet record listing-day prices, so this review does not report listing gains or losses.
| IPO | Listing date | Exchange | Price band |
|---|---|---|---|
| HD Fire Protect Limited | Wed 21 Oct | BSE | ₹258–₹271 |
| Ravita Engineering Services Limited | Wed 21 Oct | NSE | ₹105–₹112 |
| Vaibhav Vyapaar Limited | Wed 21 Oct | NSE | ₹51–₹54 |
| Fusion CX Limited | Thu 22 Oct | BSE | ₹275–₹289 |
| Tonbo Imaging India Limited | Fri 23 Oct | BSE | ₹665–₹700 |
| Bonfiglioli Transmissions Limited | Fri 23 Oct | BSE | ₹558–₹586 |
| Sahajanand Medical Technologies Limited | Fri 23 Oct | NSE | ₹327–₹344 |
| Shellz India Limited | Fri 23 Oct | BSE | ₹170–₹179 |
How this week compares
7 issues closed this week, against an average of 11.3 per week over the previous four weeks (20, 15, 6, 4, oldest first).
Next week
- EAAA India Alternatives Limited opens Mon 26 Oct
- BLS POLYMERS LIMITED opens Tue 27 Oct
- SFC Environmental Technologies Limited opens Tue 27 Oct
- Wiscon Industries Limited opens Tue 27 Oct
- M. K. SONS FINE JEWELS LIMITED opens Wed 28 Oct
- Jio Platforms Limited lists Wed 28 Oct
- Paras Healthcare Limited lists Wed 28 Oct
- Core4 Engineers Limited lists Fri 30 Oct
About this review
This review is generated automatically from Niva Market Watch's database. Issue details come from exchange public-issue data; subscription figures come from InvestorGain's public report. Grey market premium is not included. See our data methodology. This is not investment advice.
IPOs mentioned
| IPO | Exchange | Price | Closes | Listing |
|---|---|---|---|---|
| HD Fire Protect Limited IPO | BSE | ₹258–₹271 | 15 Oct 2026 | 21 Oct 2026 |
| Ravita Engineering Services Limited IPO | NSE | ₹105–₹112 | 16 Oct 2026 | 21 Oct 2026 |
| Vaibhav Vyapaar Limited IPO | NSE | ₹51–₹54 | 15 Oct 2026 | 21 Oct 2026 |
| Fusion CX Limited IPO | BSE | ₹275–₹289 | 16 Oct 2026 | 22 Oct 2026 |
| Tonbo Imaging India Limited IPO | BSE | ₹665–₹700 | 19 Oct 2026 | 23 Oct 2026 |
| Bonfiglioli Transmissions Limited IPO | BSE | ₹558–₹586 | 19 Oct 2026 | 23 Oct 2026 |
| Sahajanand Medical Technologies Limited IPO | NSE | ₹327–₹344 | 19 Oct 2026 | 23 Oct 2026 |
| Zetwerk Manufacturing Businesses Limited IPO | NSE | ₹143–₹151 | 19 Oct 2026 | — |
| Shellz India Limited IPO | BSE | ₹170–₹179 | 19 Oct 2026 | 23 Oct 2026 |
| Jio Platforms Limited IPO | NSE | ₹1,065–₹1,119 | 23 Oct 2026 | 28 Oct 2026 |
| Paras Healthcare Limited IPO | BSE | ₹660–₹693 | 23 Oct 2026 | 28 Oct 2026 |
| Core4 Engineers Limited IPO | BSE | ₹88–₹93 | 27 Oct 2026 | 30 Oct 2026 |
Background reading
How IPO Subscription Works (and How to Read the Numbers)
What subscription multiples like 3.2× or 150× mean, how they are calculated per category, how anchor investors fit in, and what the numbers do not tell you.
Grey market premiumWhat Is IPO GMP (Grey Market Premium)?
What IPO grey market premium means, how GMP, kostak and subject-to-sauda rates are quoted, and why GMP is unofficial and unregulated.
Allotment, refunds & listingHow IPO Allotment Works in India
How the registrar decides the basis of allotment, why oversubscribed retail and NII categories use a lottery, and what does and does not change your chances.
News and roundups are for information only and are not investment advice. See our disclaimer and corrections policy.