IPO GMP Today (10 Oct): HD Fire Protect at ~27%, Zetwerk IPO Next Week
It's a quiet Saturday for IPO bidding — grey market activity is thin on weekends — but the morning's IPO GMP today snapshot still has plenty to unpack. HD Fire Protect has tightened its grip as the market's favourite upcoming IPO, with its grey market premium firming to the ₹67–75 range (roughly 25–28% above the upper price band) ahead of its 13–15 October opening. Canara Robeco's GMP, meanwhile, continues to cool as its Day 2 subscription builds slowly. And the big headline for the week ahead: Zetwerk is reportedly set to launch its nearly ₹5,000 crore IPO on 15 October, joining a crowded mid-October pipeline.
Important: GMP is an unofficial, market-reported number that can change quickly. It is not an official estimate of listing price.
IPO GMP Today: Live Table (10 October 2026)
The table below compiles grey market premiums reported by independent IPO trackers this morning. All figures are unofficial and sourced from market dealers — treat them as sentiment indicators, not predictions.
| IPO | GMP (₹) | Upper Price Band (₹) | Est. Listing Gain | Status |
|---|---|---|---|---|
| HD Fire Protect | ₹67–75 | ₹271 | ~25–28% | Opens 13 Oct |
| Fusion CX | ₹55 | ₹289 | ~19% | Opens 14 Oct |
| Jio Platforms | ₹175 | ~₹1,119* | ~15.6% | Opens 21 Oct |
| Canara Robeco | ₹20 | ₹266 | ~7.5% | Day 2 of bidding |
| R.K. Fashion Accessories (SME) | ₹2 | ₹82 | ~2.4% | Lists 12 Oct |
| Vaibhav Vyapaar (SME) | Unquoted | ₹52 | — | Opens 13 Oct |
| Ravita Engineering Services (SME) | Unquoted | ₹112 | — | Opens 13 Oct |
*Jio Platforms' price band is media-reported; no official band is out yet.
Biggest Movers: HD Fire Protect Firms Up, Canara Robeco Cools
HD Fire Protect is the clear GMP winner of the week. Trackers reported ₹63 earlier in the week; this morning's range is ₹67–75 across sources, with one tracker reporting as high as ₹90. The ₹712 crore pure-OFS issue (₹258–271 band, 55-share lot) opens on 13 October and lists on 21 October. You can read our full breakdown here: HD Fire Protect IPO: Price Band, Dates, GMP & Review.
Canara Robeco continues its steady slide in the grey market: from ₹35 before the open, to ₹21 on Day 1, to ~₹20 this morning — implying a modest ~7.5% listing gain at the ₹266 upper band. The ₹1,326 crore pure-OFS issue (₹253–266, 56-share lot) is bidding from 9 to 13 October, with allotment on 14 October and listing on 16 October. Full details: Canara Robeco IPO Opens Oct 9: Price Band, Dates, GMP.
Fusion CX is the other notable debutant on GMP screens: ~₹55 (19%) ahead of its 14–16 October opening for the ₹702 crore issue (₹275–289 band). Jio Platforms holds at ~₹175 (15.6% of the reported ₹1,119 band) with its mega-IPO still dated 21–23 October: Jio Platforms IPO 2026: Dates, ₹37,700 Cr Size, Details.
Zetwerk IPO Launching Next Week: What We Know
The standout development this morning is the report that Bengaluru-based manufacturing platform Zetwerk will launch its IPO as early as next week, raising up to $525 million (nearly ₹5,000 crore) at a targeted valuation of roughly ₹27,000 crore ($2.8 billion), per a Bloomberg report carried by The Economic Times and Free Press Journal. This is media-reported, not yet officially announced by the company.
Key reported details:
- Likely opening date: 15 October 2026 (reported; subject to change)
- Targeted listing date: 23 October 2026 (reported)
- Issue structure: fresh issue of ₹2,600 crore + OFS of up to 9.68 crore shares by existing shareholders
- Regulatory position: confidential filing in March 2026, regulatory approval received in July 2026
- Use of proceeds: ~₹1,250 crore for company debt repayment, ~₹550 crore for subsidiary debt, plus acquisitions and general corporate purposes
- Business: tech-led manufacturing platform with 26 owned facilities across India, the US, Spain and Germany; serves renewables, consumer electronics, AI infrastructure, aerospace and defence
IPO trackers have listed Zetwerk Manufacturing for 15–19 October, alongside Bonfiglioli Transmissions (a 100% OFS of 4.70 crore shares, dates not yet announced) in the same window. If all three — Zetwerk, Bonfiglioli and Jio Platforms — go ahead in the same stretch, mid-to-late October becomes the busiest IPO period of 2026.
IPO Calendar: What's Coming Next Week
| Date | Event |
|---|---|
| Mon, 12 Oct | R.K. Fashion Accessories (SME) lists on NSE SME; GMP ~₹2 |
| Tue, 13 Oct | Canara Robeco IPO closes; HD Fire Protect, Vaibhav Vyapaar (SME), Ravita Engineering Services (SME) open |
| Wed, 14 Oct | Canara Robeco allotment (tentative); Fusion CX opens (14–16 Oct) |
| Thu, 15 Oct | HD Fire Protect, Vaibhav Vyapaar, Ravita Engineering close; Zetwerk IPO likely opens (reported) |
| Fri, 16 Oct | Canara Robeco lists; HD Fire Protect allotment (tentative) |
| Wed, 21 Oct | HD Fire Protect lists; Jio Platforms opens (21–23 Oct, reported) |
Canara Robeco Day 2: Subscription Snapshot
Bidding is paused on Saturday — weekend bids update only through online ASBA channels. The last reported Day 2 midday snapshot (PTI) put the issue at ~34% subscribed, with retail at ~54% and NII at ~34% and QIBs barely off the mark. Day 1 had closed at ~0.21x overall. With the anchor book of ~₹398 crore already locked in, the issue's fate will hinge on Monday–Tuesday's QIB turnout. Keep in mind these figures are provisional and may be revised in the final exchange data.
FAQs
What is the highest GMP today (10 Oct 2026)?
HD Fire Protect leads the upcoming issues with a reported GMP of ₹67–75 (~25–28% of its ₹271 upper band). All GMP figures are unofficial and can change rapidly.
Is Zetwerk IPO confirmed for 15 October?
Not officially. A Bloomberg report (via ET/Free Press Journal) says Zetwerk is preparing to launch its ~₹5,000 crore IPO as early as next week, targeting an Oct 15 opening and Oct 23 listing — but the company has not confirmed dates, and details may change.
When does the Canara Robeco IPO close?
Canara Robeco's ₹1,326 crore IPO (₹253–266) closes on 13 October, with allotment expected on 14 October and listing on 16 October.
Which IPOs open next week (12–18 Oct)?
HD Fire Protect, Vaibhav Vyapaar (SME) and Ravita Engineering Services (SME) open on 13 Oct; Fusion CX opens on 14 Oct; Zetwerk is reported to open on 15 Oct (unconfirmed).
Is GMP an official indicator of listing price?
No. GMP (grey market premium) is an unofficial, unregulated market quote. Listings frequently differ from GMP-implied prices, as this week's debuts (TNA Solutions, Paramount Syntex) showed. Always base decisions on fundamentals and official documents like the RHP.
Conclusion
Saturday's GMP board is dominated by one name: HD Fire Protect, whose ₹67–75 premium makes it the standout grey-market pick ahead of Tuesday's triple opening day. Fusion CX at ~₹55 adds a second strong name to the mid-October pipeline, while Canara Robeco's cooling GMP suggests a muted listing is being priced in. The Zetwerk report, if confirmed, turns next week into a full-blown IPO parade — watch for official RHP filings to firm up dates.
Read yesterday's snapshot for comparison: IPO GMP Today (9 Oct): Acme India at 34% on Listing Day.
Disclaimer: This article is for informational purposes only and is not investment advice. GMP data is unofficial and unverified; IPO investing involves risk. Please read the official RHP/prospectus and consult a registered investment adviser before investing.