Five IPOs are on their final day of bidding today, 19 October 2026, and midday demand shows a clear split. Tonbo Imaging has exploded past 21x on strong HNI and retail interest, while Zetwerk — the biggest issue of the lot at over Rs.5,000 crore — is still crawling near 0.3x. Here is the full subscription status as of midday, what each number means, and the allotment and listing calendar that follows.
IPO Subscription Status Today: 19 Oct 2026 (Midday)
| IPO | Issue Size | Price Band | Day-2 Subscription | Midday Day 3 | GMP* |
|---|---|---|---|---|---|
| Tonbo Imaging | Rs.852 cr | Rs.665–700 | 7.78x | ~21.6x | Rs.510–525 (~74%) |
| Bonfiglioli Transmissions | ~Rs.2,534 cr | Rs.558–586 | 0.99x | ~4x (tracker) | Rs.120 (~20%) |
| Sahajanand Medical | Rs.475 cr | Rs.327–344 | 0.83x | ~1.5x (tracker) | Rs.26 (~8%) |
| Shellz India (SME) | Rs.60 cr | Rs.170–179 | 0.89x | ~4.6x (tracker) | Rs.39 (~22%) |
| Zetwerk Manufacturing | Rs.5,012 cr | Rs.143–151 | 0.31x | ~0.3x | Rs.4–5 (flat) |
*GMP figures are unofficial grey-market quotes and are subject to change. Subscription figures combine exchange-published Day-2 data with live tracker estimates for the current session — treat tracker numbers as indicative.
Tonbo Imaging IPO Day 3: ~21.6x by Midday
The defence-electronics IPO is the clear standout of this batch. According to ET Now, the issue crossed ~10x at the start of Day 3, and by ~11:24 AM live trackers pegged overall subscription at 21.6x (18.4 crore shares bid against 85.3 lakh on offer). Category-wise breakdown (tracker-reported):
- HNI: ~61.4x (both big and small HNI buckets above 60x)
- Retail: ~14.6x
- QIB: ~4x
- Employee: ~28.7x
Key facts: the Rs.852.18 crore issue is a pure offer for sale — no money goes to the company. Price band Rs.665–700, 21-share lot (Rs.14,700 minimum). Anchor investors put in Rs.255.36 crore on 14 October. Note the red flags many investors are weighing: FY26 revenue and profit were lower than FY25, and the June 2026 quarter showed a loss.
GMP today: Rs.510–525, implying ~73–75% over the upper band — but this is unofficial market chatter, not a guarantee. Read the full Tonbo Imaging IPO deep-dive: price band, dates, GMP & review before the window shuts at 5 PM today.
Bonfiglioli, Sahajanand, Shellz, Zetwerk: Day 3 So Far
Bonfiglioli Transmissions (Rs.558–586, ~Rs.2,534 cr pure OFS by the Italian parent): closed Day 2 at 0.99x with QIBs at just 0.16x — institutional demand is the missing piece here. Live trackers show it picking up to roughly 4x by midday; QIB bids typically surge in the final hours, so watch the 5 PM close. GMP ~Rs.120 (~20%, unofficial).
Sahajanand Medical Technologies (Rs.327–344, Rs.475 cr pure OFS of cardiac devices): Day-2 0.83x (QIB 1.12x, retail 0.83x), tracker midday ~1.5x. GMP has cooled sharply to ~Rs.26 (~8%, unofficial). Details in our Sahajanand Medical IPO: price band, dates, GMP & review.
Shellz India (BSE SME, Rs.170–179, Rs.60 cr pure fresh issue): Day-2 0.89x, with NII already past 2x. Tracker midday ~4.6x and GMP ~Rs.39 (~22%, unofficial) — the confectionery SME is punching above its weight today. Minimum application is hefty at ~Rs.2.86 lakh (1,600 shares). Full details: Shellz India IPO: price band, dates, GMP & review.
Zetwerk Manufacturing Businesses (Rs.143–151, Rs.5,012 cr — the week's largest): Day-2 just 0.31x (retail and QIB ~0.37x, NII 0.17x). Anchor book was strong — Rs.2,251.23 crore from 99 investors at Rs.151 — but public demand is muted and GMP has slipped to ~Rs.4–5 (unofficial). Allotment is scheduled for 21 October, listing 23 October. Our Zetwerk IPO: price band Rs.143–151, dates, GMP & review breaks down the fresh vs OFS split.
Allotment and Listing Calendar: 19–23 October
| Date | Event |
|---|---|
| 19 Oct (today) | 5 IPOs close (5 PM); Jio Platforms anchor book opens; Fusion CX & Ravita Engineering allotment |
| 20 Oct | Dussehra — market holiday, no bidding or settlement activity |
| 21 Oct | HD Fire Protect & Vaibhav Vyapaar list; Jio Platforms & Paras Healthcare open for subscription |
| 22 Oct | Fusion CX & Ravita Engineering list |
| 23 Oct | Tonbo, Bonfiglioli, Zetwerk, Sahajanand & Shellz list (tentative) |
Jio Anchor Book Opens Today
Separately, the Jio Platforms anchor book opens today ahead of the Rs.30,213-crore IPO opening on 21 October (Rs.1,065–1,119 band). Media reports point to ~Rs.2.5 lakh crore of early institutional demand — about 8x the issue size — with global names like GIC, Norges Bank, ADIA, QIA, BlackRock and Fidelity reported in the queue. GMP sits around Rs.245–250 (~22%, unofficial). See our Jio IPO: Rs.2.5 lakh crore demand before Oct 19 anchor and the Jio IPO how-to-apply guide (UPI/ASBA steps).
FAQs
Which IPOs close today, 19 October 2026?
Five: Tonbo Imaging, Bonfiglioli Transmissions, Sahajanand Medical Technologies, Zetwerk Manufacturing Businesses (all mainboard) and Shellz India (BSE SME). Bidding closes at 5 PM.
What is Tonbo Imaging's subscription status today?
Tracker-reported ~21.6x by ~11:24 AM on Day 3 (HNI ~61x, retail ~14.6x, QIB ~4x), up from 7.78x at Day-2 close. Final exchange-confirmed numbers will be out after the 5 PM close.
When is the Tonbo Imaging IPO allotment and listing date?
Allotment is expected around 21–22 October and listing is tentatively scheduled for 23 October on BSE and NSE.
Is Zetwerk's IPO undersubscribed?
As of Day 2 close it was 0.31x — well below full subscription — though its Rs.2,251-crore anchor book was fully committed. QIB bids often arrive on the final day, so the closing-day figure matters.
Is GMP a reliable indicator of listing gains?
No. Grey market premium is unofficial, unregulated and volatile. It reflects sentiment, not a promise — e.g., Zetwerk's GMP cooled to near-flat as demand stayed weak, while Tonbo's ~Rs.525 premium could fade just as fast.
Conclusion
Today is the last chance to bid in five IPOs, and the book tells two stories: Tonbo Imaging is oversubscribed 20x+ on defence-sector momentum, while Zetwerk's Rs.5,000-crore issue and Sahajanand are struggling for traction. Watch the final-hour QIB surge for Bonfiglioli and the 5 PM closing numbers for all five — and note that the market is closed tomorrow for Dussehra, so allotments stretch into 21–22 October. Track the full pipeline in our Upcoming IPOs this week (19–25 Oct): Jio, dates, GMP & listings.