IPO GMP Today (13 Oct): 3 IPOs Open, HD Fire at 32%
Three IPOs hit the Street today — HD Fire Protect (₹712 crore mainboard issue) and SME issues Ravita Engineering Services and Vaibhav Vyapaar all open for subscription from today (13 Oct) and close on 15 Oct. HD Fire Protect arrives with strong momentum: it raised ₹213.11 crore from 25 anchor investors on 12 Oct, and its grey market premium is holding at ₹80–86 (about 29–32%, unofficial). Here is the full morning GMP snapshot, issue details and the week's key dates.
IPOs opening today (13–15 Oct): at a glance
| IPO | Size | Price band | Lot (min. investment) | GMP* | Est. listing |
|---|---|---|---|---|---|
| HD Fire Protect | ₹712 cr (pure OFS) | ₹258–271 | 55 shares (₹14,905) | ₹80–86 (+29–32%) | ~₹351–357 |
| Ravita Engineering (SME) | SME | ₹105–112 | 1,200 shares (₹1,34,400) | ₹4–12 (~4–11%) | ~₹116–124 |
| Vaibhav Vyapaar (SME) | ₹42.10 cr | ₹51–54 | 2,000 shares (₹1,08,000) | ₹0 (flat) | ~₹54 |
*All GMP figures are unofficial and market-reported, and may change before listing.
HD Fire Protect: ₹213 crore anchor book before opening
- Anchor book (12 Oct): ₹213.11 crore raised; 78.64 lakh shares allotted to 25 funds at ₹271, the upper end of the price band. Domestic mutual funds took 71.88% of the anchor allocation (56.52 lakh shares across 17 schemes) — Kotak, HDFC, ICICI Prudential, Aditya Birla Sun Life, Mirae Asset, Bandhan, UTI, SBI and PGIM India participated, alongside Bajaj Life Insurance, Axis Max Life, Allianz Global Investors, Ashoka WhiteOak and Amundi (per ET Now, Livemint and Moneycontrol).
- Issue structure: 100% offer for sale of 2.63 crore shares by promoters Harish Narshi Dharamshi (89.84 lakh shares) and Kusum Harish Dharamshi (1.74 crore shares). The company receives no proceeds. Eligible employees get a ₹25 per share discount.
- Business: fire protection equipment maker (water-, foam- and gas-based suppression systems); 65% of FY26 revenue came from domestic markets and 35% from exports across 90+ countries. FY26 revenue ₹489 crore (+13% YoY), profit ₹117 crore (+6%); Q1 FY27 revenue ₹109 crore with ₹24 crore profit.
- Timeline: subscription closes 15 Oct, allotment around 16 Oct and tentative listing around 21 Oct (per trackers).
Live GMP snapshot — 13 Oct morning (unofficial)
| IPO | Status | GMP (₹) | Est. gain | Signal |
|---|---|---|---|---|
| Tonbo Imaging | Opens Oct 15 | ₹375–425 | +53–61% | Strong |
| HD Fire Protect | Opens today | ₹80–86 | +29–32% | Strong |
| Bonfiglioli Transmissions | Opens Oct 15 | ₹150–155 | +25–26% | Strong |
| Jio Platforms | Opens Oct 21 (media-reported) | ₹180–182 | ~+16% | Mild |
| Zetwerk | Opens Oct 15 | ₹13–22 | ~+9–15% | Mild |
| Sahajanand Medical | Opens Oct 15 | ₹35–46 | ~+10–13% | Mild |
| Fusion CX | Opens Oct 14 | ₹13–53 | ~+5–18% | Mixed |
| Ravita Engineering | Opens today | ₹4–12 | ~+4–11% | Mild |
| Vaibhav Vyapaar | Opens today | ₹0 | Flat | Neutral |
| Shellz India | Opens Oct 15 | ₹0 | Flat | Neutral |
GMP is unofficial, market-reported and may change. Treat it as a sentiment signal, not investment advice.
Also lined up this week
- Fusion CX opens tomorrow (Oct 14–16): ₹702 crore IPO (₹500 crore fresh + ₹202 crore OFS) at ₹275–289, lot of 51 shares (₹14,739). Backed by investors Ashish Kacholia and Mukul Agrawal; anchor book is today. Full details: Fusion CX IPO: price band, dates, GMP & review.
- The Oct 15–19 wave: Tonbo Imaging (₹852 crore pure OFS, ₹665–700, lot 21 — Tonbo Imaging IPO deep-dive), Zetwerk (₹5,012 crore, ₹143–151, lot 99, anchor on Oct 14 — Zetwerk IPO price band & review), Bonfiglioli Transmissions (₹2,534 crore pure OFS, ₹558–586, lot 25 — Bonfiglioli IPO details), Sahajanand Medical (price band awaited) and SME IPO Shellz India (₹179).
- Jio Platforms is media-reported to open Oct 21–23 at ₹1,065–1,119 — potentially India's largest IPO. Jio IPO: price band & details.
- HD Fire Protect, Ravita Engineering and Vaibhav Vyapaar details: HD Fire Protect deep-dive · Vaibhav Vyapaar IPO details · upcoming IPOs this week.
Key dates — week of 13 Oct
| Date | Event |
|---|---|
| 13 Oct | HD Fire Protect, Ravita Engineering, Vaibhav Vyapaar open; Fusion CX anchor book |
| 14 Oct | Fusion CX opens (14–16 Oct); Zetwerk anchor book |
| 15 Oct | HD Fire / Ravita / Vaibhav close; Tonbo Imaging, Zetwerk, Bonfiglioli, Sahajanand Medical, Shellz India open (15–19 Oct) |
| 16 Oct | Allotments for the three closing issues; Fusion CX closes |
| ~21 Oct | HD Fire Protect tentative listing; Jio Platforms IPO expected to open |
FAQs
Which IPOs open today (13 Oct 2026)?
Three: HD Fire Protect (mainboard, ₹712 crore) and two SME IPOs — Ravita Engineering Services (₹105–112) and Vaibhav Vyapaar (₹51–54). All three open today and close on 15 Oct.
What is HD Fire Protect's GMP today?
Around ₹80–86 (about 29–32% over the ₹271 upper band), which implies an estimated listing price of roughly ₹351–357. GMP is unofficial and may change.
Did HD Fire Protect raise money from anchor investors?
Yes. On 12 Oct it raised ₹213.11 crore from 25 funds at ₹271 per share, with domestic mutual funds taking about 72% of the anchor allocation — a strong institutional signal, though it does not guarantee listing gains.
When does the Fusion CX IPO open?
Fusion CX opens tomorrow, Oct 14–16, at ₹275–289 (lot of 51 shares, minimum ₹14,739). Its GMP is around ₹13–53 (roughly 5–18%), per market trackers.
Is GMP an official number?
No. Grey market premium is unofficial and market-reported, and can swing sharply. Use it as one sentiment signal alongside the company's fundamentals, valuation and subscription data before applying.
Conclusion
It is a heavy primary-market week. This morning's standout signal is HD Fire Protect: a ₹213 crore anchor book with heavy mutual-fund participation plus a ~32% grey market premium as the issue opens — the strongest debut setup of the three openers. Tonbo Imaging, at 53–61% GMP, remains the premium to beat in Thursday's wave. Watch how the three subscription books fill through the day; we will update subscription numbers in the 1 PM slot. (GMP data is unofficial and subject to change.)