IPO GMP Today (16 Oct): HD Fire Allotment Day, Fusion CX & Ravita Close
Friday's primary market packs the day's biggest events into one morning: HD Fire Protect's allotment is being finalised today after a blockbuster 131.73x subscription, Fusion CX and Ravita Engineering close for bidding today, and Tonbo Imaging heads into Day 2 with a steady ₹500 grey market premium. Meanwhile, Paras Healthcare has fixed its price band at ₹660–693 for its October 21 debut. Here is the full GMP picture and what to watch today.
All GMP figures below are unofficial, market-reported premiums and are subject to change. They do not guarantee listing prices or listing gains.
HD Fire Protect: Allotment Day After 131.73x Subscription
The ₹712.31 crore HD Fire Protect IPO closed on October 15 with bids worth roughly ₹65,760 crore — 131.73 times the offer, making it one of the most-subscribed mainboard IPOs of the season. The basis of allotment is expected to be finalised today, October 16, with the listing scheduled for October 21 on NSE and BSE.
The grey market premium has cooled slightly since the close: trackers quote ₹74–86 over the upper price band of ₹271, implying an estimated listing price of roughly ₹345–357 (about 27–32% above the issue price).
| Particular | Detail |
|---|---|
| Issue size | ₹712.31 crore (pure offer for sale) |
| Price band | ₹258–271 |
| Final subscription | 131.73x (QIB 256.65x, NII 203.21x, Retail 30.55x) |
| Allotment | October 16, 2026 |
| Listing | October 21, 2026 (tentative) |
| GMP today (unofficial) | ₹74–86 over ₹271 band; est. listing ₹345–357 |
Investors can check allotment status on the MUFG Intime (registrar) website, the BSE/NSE IPO allotment pages, or wait for the credit of shares and refund initiation in their demat accounts.
Related: HD Fire Protect IPO final subscription: 131.73x, allotment 16 Oct
Fusion CX & Ravita Engineering: Final Day of Bidding
Two IPOs close for subscription today, October 16:
- Fusion CX — the ₹702 crore customer-experience and AI-data-services IPO (₹275–289, lot 51) entered its final day at 1.16x after Day 2, with retail leading at 3.92x while the QIB portion sat at just 0.05x. Its GMP has cooled to about ₹20 (roughly 7% over the band). Allotment is expected October 19, listing October 22.
- Ravita Engineering — the ₹116.05 crore NSE SME HVAC-EPIC IPO (₹105–112, 1,200-share lot) also closes today, with grey market quotes around ₹2–7, indicating a near-flat debut expectation.
Related: Fusion CX IPO: price band, dates, GMP & review | Ravita Engineering IPO: price band, dates, GMP & review
Tonbo Imaging Holds ₹500 GMP Into Day 2
Defence-electronics maker Tonbo Imaging enters Day 2 of bidding (15–19 Oct) with its premium intact at ₹500 over the ₹700 upper band — an estimated listing price of about ₹1,200, or 71.4% above the issue price.
Day 1 was fully subscribed on the first day itself: 3.99x overall, with NII at 5.93x, QIB at 3.92x, retail at 3.19x and employees at 6.47x — roughly ₹2,400 crore of bids against the ₹852.18 crore offer for sale. The company says working capital will not be an issue and expects ₹2,500–3,500 crore of revenue from its Hypa Microwave Systems from FY2029-30.
Related: Tonbo Imaging IPO: price band, dates, GMP & review
Other Open IPOs: Bonfiglioli, Zetwerk, Sahajanand, Shellz
Day 2 for the rest of the October 15 wave (all close October 19, list October 23):
- Bonfiglioli Transmissions — GMP around ₹160 (27.3% over the ₹586 band; est. listing ~₹746). The premium has slipped from about ₹178 yesterday.
- Zetwerk — GMP around ₹15 (about 10% over the ₹151 band), cooling from roughly ₹22–23.
- Sahajanand Medical — GMP around ₹45 (about 13% over the ₹344 band).
- Shellz India — GMP at ₹0, indicating a flat-listing expectation for the ₹59.97 crore BSE SME confectionery IPO.
Related: Bonfiglioli Transmissions IPO: dates, GMP, price & review | Zetwerk IPO price band ₹143–151: dates, GMP & review | Sahajanand Medical IPO: price band, dates, GMP & review | Shellz India IPO: price band, dates, GMP & review
Coming Next: Jio & Paras Healthcare Open October 21
The pipeline for next week got concrete yesterday:
- Paras Healthcare fixed its price band at ₹660–693 for its ₹1,450 crore IPO (₹500 crore fresh + ₹950 crore OFS; lot 21, minimum investment ₹14,553). The hospital chain — eight hospitals, 2,211 beds under the Paras Health brand — opens October 21–23 (anchor October 19) and is expected to list on October 28. Grey market quotes are around ₹115 (about 16.6%). The issue size was trimmed from an earlier ₹1,800 crore plan.
- Jio Platforms — India's largest-ever IPO (~₹30,213 crore, band reportedly ₹1,065–1,119) opens October 21–23 (anchor October 19), with a GMP around ₹230 (about 20.5%).
Related: Jio IPO RHP filed: Oct 21–23 dates, ₹30,213 cr size
GMP Movers Table — Morning of 16 October 2026
| IPO | Price band | GMP (unofficial) | Est. listing price | Status |
|---|---|---|---|---|
| Tonbo Imaging | ₹700 | ₹500 (+71.4%) | ~₹1,200 | Day 2 |
| Bonfiglioli Transmissions | ₹586 | ₹160 (+27.3%) ▼ | ~₹746 | Day 2 |
| HD Fire Protect | ₹271 | ₹74–86 (+27–32%) | ~₹345–357 | Allotment today |
| Jio Platforms | ₹1,119 | ₹230 (+20.5%) | ~₹1,349 | Opens Oct 21 |
| Paras Healthcare | ₹693 | ₹115 (+16.6%) | ~₹808 | Opens Oct 21 |
| Sahajanand Medical | ₹344 | ₹45 (+13.1%) | ~₹389 | Day 2 |
| Zetwerk | ₹151 | ₹15 (+9.9%) ▼ | ~₹166 | Day 2 |
| Fusion CX | ₹289 | ₹20 (+6.9%) ▼ | ~₹309 | Closes today |
| Ravita Engineering | ₹112 | ₹2 (+1.8%) | ~₹114 | Closes today |
| Shellz India | ₹179 | ₹0 (flat) | ~₹179 | Day 2 |
GMP values are unofficial and market-reported; they can move sharply intraday. Never treat the grey market as investment advice.
Key Dates Today
| Event | Date |
|---|---|
| HD Fire Protect — allotment finalisation | October 16, 2026 |
| Vaibhav Vyapaar — allotment finalisation | October 16, 2026 |
| Fusion CX — subscription closes | October 16, 2026 |
| Ravita Engineering — subscription closes | October 16, 2026 |
| Tonbo, Bonfiglioli, Zetwerk, Sahajanand, Shellz — close | October 19, 2026 |
| Fusion CX — allotment | October 19, 2026 |
| HD Fire Protect — listing (NSE, BSE) | October 21, 2026 |
| Jio Platforms — opens (anchor Oct 19) | October 21–23, 2026 |
| Paras Healthcare — opens (anchor Oct 19) | October 21–23, 2026 |
| Fusion CX — listing | October 22, 2026 |
FAQs
What is the GMP of HD Fire Protect IPO today?
HD Fire Protect's shares are quoted at a grey market premium of about ₹74–86 over the ₹271 upper price band (unofficial, market-reported), implying an estimated listing price of roughly ₹345–357 — about 27–32% above the issue price. Allotment is being finalised on October 16, with the listing scheduled for October 21.
Which IPOs are closing for subscription today?
Fusion CX (14–16 Oct) and Ravita Engineering (14–16 Oct) close for subscription today, October 16, 2026. Fusion CX was at 1.16x after Day 2.
What is the allotment date of HD Fire Protect IPO?
The basis of allotment for HD Fire Protect is expected to be finalised on October 16, 2026. Investors can check their status on the MUFG Intime registrar website or the BSE/NSE IPO allotment pages. The shares are tentatively scheduled to list on October 21.
What is the GMP of Tonbo Imaging IPO today?
Tonbo Imaging's GMP is quoted at about ₹500 over the ₹700 upper price band (unofficial), implying an estimated listing price of roughly ₹1,200 — a 71.4% premium. The premium has held steady through Day 1, when the IPO was subscribed 3.99x.
When does the Paras Healthcare IPO open?
Paras Healthcare's ₹1,450 crore IPO opens on October 21, 2026 and closes on October 23, with a price band of ₹660–693 and a 21-share lot (minimum investment ₹14,553). Listing is expected on October 28.
Conclusion
Today's session revolves around HD Fire Protect: after a 131.73x oversubscription, allotment-day GMP quotes of ₹74–86 set the bar for a ~30% listing pop on October 21. With Fusion CX and Ravita closing for bidding today and Tonbo's ₹500 premium holding firm into Day 2, the October 15 wave remains the market's main event — before Jio Platforms and the newly band-priced Paras Healthcare take over on October 21. As always, treat grey market figures as sentiment indicators, not guarantees, and base subscription decisions on the IPO's fundamentals.