IPO GMP Today (12 Oct): R.K. Fashion Lists Flat, HD Fire Protect at 28% Before Open
Monday's primary market kicks off with one listing and a quiet book — no new IPO opens today, but the grey market is pricing tomorrow's big openings. R.K. Fashion Accessories lists on NSE Emerge this morning near its ₹82 upper band, while HD Fire Protect commands ~₹75 premium (28%) ahead of its 13–15 October subscription window. Here's the full morning GMP snapshot, the movers, and this week's calendar.
R.K. Fashion Accessories lists today (NSE SME)
R.K. Fashion Accessories debuts on NSE Emerge around 9:45 AM today. The ₹34.99 crore pure-fresh-issue closed on 7 October at 2.75x overall (QIB 14.11x, retail 3.11x, HNIs 1.91x) with allotment finalised on 8 October. The registrar is Cameo Corporate Services Ltd.
Grey-market readings this morning put the premium at just ₹1.5–2 (+1.8–2.4%), implying an estimated listing around ₹83.5–84 against the ₹82 upper band — essentially flat. The GMP has been pinned at ₹1.5 since 7 October across trackers, so don't expect fireworks at open; the price discovery in the special pre-open session will set the tone.
Morning GMP movers — 12 October
All GMP figures below are unofficial, market-reported and can change quickly:
| IPO | GMP (₹) | Gain (%) | Est. listing | Status |
|---|---|---|---|---|
| HD Fire Protect | 74–86 | 27–32 | ~₹345–357 | Opens 13 Oct |
| Fusion CX | 22–55 | 8–19 | ~₹311–344 | Opens 14 Oct |
| Ravita Engineering (SME) | 10–12 | 9–11 | ~₹122–124 | Opens 13 Oct |
| Canara Robeco | ~20–21 | ~7.5 | ~₹286–287 | Closes 13 Oct |
| R.K. Fashion (SME) | 1.5–2 | ~2 | ~₹83.5–84 | Lists today |
| Vaibhav Vyapaar (SME) | 0 | 0 | — | Opens 13 Oct |
| Zetwerk | ~30 | — | — | Opens ~15 Oct |
| Sahajanand Medical | ~40 | — | — | Opens ~15 Oct |
| Bonfiglioli Transmissions | ~175 | — | — | Opens ~15 Oct |
| Tonbo Imaging | ~270 | — | — | Opening soon |
| Jio Platforms | ~170 | — | — | Opens 21–23 Oct |
HD Fire Protect is the clear grey-market leader: ₹74–86 above the ₹271 upper band across trackers, with very hot subject-to-sauda demand — ₹3,600 per application in retail and up to ₹50,400 in the big-HNI book. Fusion CX shows a wide tracker spread (₹22–55), a sign of thin, unsettled grey-market trading a couple of days before its 14 October open — treat the single highest quote with caution. Ravita Engineering improved to ₹10–12 (+9–11%), while SME lending IPO Vaibhav Vyapaar is still unquoted in the grey market.
IPOs this week: key dates
| IPO | Segment | Open | Close | Listing | Price band |
|---|---|---|---|---|---|
| R.K. Fashion Accessories | SME | 5 Oct | 7 Oct | 12 Oct (today) | ₹77–82 |
| HD Fire Protect | Mainboard | 13 Oct | 15 Oct | 21 Oct | ₹258–271 |
| Ravita Engineering | SME | 13 Oct | 15 Oct | 21 Oct | ₹105–112 |
| Vaibhav Vyapaar | SME | 13 Oct | 15 Oct | 21 Oct | ₹51–54 |
| Fusion CX | Mainboard | 14 Oct | 16 Oct | 22 Oct | ₹275–289 |
| Canara Robeco | Mainboard | 9 Oct | 13 Oct | 16 Oct | ₹253–266 |
| Zetwerk | Mainboard | ~15 Oct | — | ~23 Oct | To be announced |
| Sahajanand Medical | Mainboard | ~15 Oct | — | — | To be announced |
| Bonfiglioli Transmissions | Mainboard | ~15 Oct | ~19 Oct | ~23 Oct | To be announced |
Watch today: anchor books for tomorrow's openings
Anchor bidding opens today (12 October) for HD Fire Protect and Vaibhav Vyapaar, a day ahead of their public subscription windows on 13 October. Anchor allocation sizes are a useful early demand signal for these books — watch whether marquee domestic and foreign institutions participate.
HD Fire Protect is a ₹712 crore pure offer-for-sale (2.62 crore shares) by its promoter family at ₹258–271, listing 21 October with Ambit, Anand Rathi Advisors and IIFL Capital as book-running lead managers. Full details in our HD Fire Protect IPO deep-dive.
Canara Robeco enters its final subscription day tomorrow (closes 13 October) with its GMP cooled to ~₹20 — worth watching whether Day 4 brings institutional follow-through. Details: Canara Robeco IPO price band, dates & GMP. Tomorrow's openers are covered here: Fusion CX IPO review, Vaibhav Vyapaar IPO review.
A note on GMP
Grey market premium is unofficial and unregulated — it is not registered or approved by SEBI, and the implied listing price is a calculation, not a forecast or investment advice. GMP can swing sharply on listing day and often diverges from actual opening prices. Use it as one data point alongside fundamentals, subscription demand and anchor participation.
FAQs
What is the IPO GMP today (12 October 2026)?
HD Fire Protect leads at ₹74–86 (+27–32%) ahead of its 13 October open. Fusion CX is quoted ₹22–55, Ravita Engineering SME ₹10–12, Canara Robeco ~₹20, and R.K. Fashion SME ₹1.5–2 as it lists today. All figures are unofficial and market-reported.
Which IPO lists today?
R.K. Fashion Accessories (NSE SME) lists today, 12 October 2026 — a ₹34.99 crore issue at ₹77–82 that closed 2.75x on 7 October. Its GMP of ₹1.5–2 points to a near-flat listing around ₹83.5–84.
Which IPOs open tomorrow, 13 October?
Three IPOs open on 13 October: HD Fire Protect (mainboard, ₹258–271), Ravita Engineering Services (SME, ₹105–112) and Vaibhav Vyapaar (SME, ₹51–54). All close 15 October and are expected to list around 21 October.
When does Fusion CX IPO open?
Fusion CX opens 14 October (₹275–289), closes 16 October and is tentatively listed 22 October. Its GMP ranges ₹22–55 across trackers.
Is GMP reliable for predicting listing gains?
Only loosely. GMP reflects informal dealer quotes and can be manipulated or thin; actual listing prices depend on order-book demand, anchor interest and market sentiment. SEBI neither tracks nor endorses GMP.
Conclusion
Monday's setup is simple: one flat-ish SME listing (R.K. Fashion) and a strong grey-market verdict for tomorrow's mainboard opener, HD Fire Protect (~28% premium). With four issues opening between Tuesday and Wednesday — plus anchor books today — the week's tone will be set by tomorrow's subscription day one. We'll be tracking bids through the day; check the week's IPO calendar for the full pipeline.