IPO Today (12 October 2026): R.K. Fashion Lists at ₹80; Three IPOs Open Tomorrow
Monday's primary market had just one event: the listing of R.K. Fashion Accessories on the NSE SME platform. No IPO is open for subscription today — the week's bidding action begins tomorrow, 13 October, when three issues open, followed by five more through the week. Here is the full picture.
R.K. Fashion Accessories lists at ₹80, down 2.44%
Kolkata-based imitation jewellery maker R.K. Fashion Accessories made a soft debut on the NSE SME platform (NSE Emerge) on Monday, 12 October 2026. The stock listed at ₹80 apiece against the final issue price of ₹82 — a discount of 2.44% — valuing the company at roughly ₹124.13 crore at listing.
The debut undershot even the modest grey-market signal: the premium was barely ₹1.5–2 (about 2%, unofficial) on listing morning, per market trackers. GMP is unofficial and never guarantees the listing price.
| Detail | Value |
|---|---|
| Listing price | ₹80 |
| Issue price | ₹82 |
| Listing change | -2.44% |
| Platform | NSE SME (Emerge) |
| Market cap at listing | ~₹124.13 crore |
| Pre-listing GMP | ~₹1.5–2 (unofficial) |
| Issue size | ₹34.99 crore — pure fresh issue of 42.67 lakh shares |
| Overall subscription | ~2.70x (QIB 14.11x ex-anchor; Retail 3.11x; NII ~1.7x) |
| Price band / lot | ₹77–82; 1,600 shares (retail minimum 2 lots = 3,200 shares, ₹2,62,400) |
| Allotment date | 8 October 2026 |
| Registrar / BRLM | Cameo Corporate Services / Affinity Global Capital Market |
The ₹34.99 crore issue was open from 5–7 October. For the full pre-listing picture, see our R.K. Fashion listing-day preview.
No IPO is open for subscription today
Monday 12 October is a gap day for bidding. The week's subscription action starts on Tuesday 13 October, when one mainboard and two SME issues open simultaneously.
Three IPOs open tomorrow (13–15 October)
| IPO | Segment | Size | Price band | Lot size | Min. investment | GMP (unofficial) | Tentative listing |
|---|---|---|---|---|---|---|---|
| HD Fire Protect | Mainboard (BSE+NSE) | ₹712.31 cr (pure OFS) | ₹258–271 | 55 shares | ₹14,905 | ~₹72–86 | 21 Oct |
| Ravita Engineering Services | NSE SME | ₹116.05 cr | ₹105–112 | 1,200 shares | ₹1,34,400 | ~₹10–12 | 21 Oct |
| Vaibhav Vyapaar | NSE SME | ₹42.10 cr | ₹51–54 | 2,000 shares | ₹1,08,000 | ₹0 | 21 Oct |
HD Fire Protect is the week's biggest opener — a ₹712.31 crore pure offer-for-sale of 2.63 crore shares by promoters. The grey market is pricing it at roughly ₹72–86 above the ₹271 cap, implying an estimated listing near ₹343–357 (unofficial). Allotment is expected on 16 October. Read our HD Fire Protect IPO deep-dive for financials and review.
Ravita Engineering Services is a ₹116.05 crore SME issue with a modest grey-market premium of about ₹10–12 (unofficial). Vaibhav Vyapaar, the ₹42.10 crore LoanFront digital-NBFC issue, shows no grey-market premium so far. Details in our Vaibhav Vyapaar IPO deep-dive.
Five more IPOs open later this week
Fusion CX opens Wednesday 14 October and closes 16 October: ₹275–289 band, 51-share lots (₹14,739 minimum), ₹702 crore issue (₹500 crore fresh + ₹202 crore OFS), allotment 19 October, listing 22 October on BSE and NSE. GMP is around ₹25–55 across trackers (unofficial). See our Fusion CX IPO deep-dive.
Thursday 15 October brings five openings (all closing 19 October):
- Tonbo Imaging — ₹665–700 band, ₹852.18 crore pure OFS, GMP ~₹270–285 (unofficial). See our Tonbo Imaging IPO deep-dive.
- Zetwerk — ₹143–151 band, ~₹5,012 crore (₹2,830 crore fresh + ₹2,182 crore OFS), the week's largest issue, GMP ~₹20–30 (unofficial).
- Bonfiglioli Transmissions — ₹558–586 band, ~₹2,534 crore pure OFS, GMP ~₹175 (unofficial). See our Bonfiglioli IPO deep-dive.
- Sahajanand Medical Technologies — ₹327–344 band, ₹475.48 crore pure OFS, GMP ~₹40 (unofficial).
- Shellz India (SME) — ₹170–179 band, ₹59.97 crore, GMP ₹0.
Looking further ahead, the Jio Platforms IPO is reportedly slated for 21–23 October with a ₹1,065–1,119 band (media-reported; the RHP is still awaited). Grey-market chatter puts its premium around ₹170–179 (unofficial). Details in our Jio IPO price-band story and the full week-ahead roundup.
Grey market snapshot today (unofficial)
| IPO | Upper band | GMP | Est. listing price | Dates |
|---|---|---|---|---|
| HD Fire Protect | ₹271 | ~₹75 | ~₹346 | 13–15 Oct |
| Ravita Engineering | ₹112 | ~₹10–12 | ~₹122–124 | 13–15 Oct |
| Vaibhav Vyapaar | ₹54 | ₹0 | ₹54 | 13–15 Oct |
| Fusion CX | ₹289 | ~₹25–55 | ~₹314–344 | 14–16 Oct |
| Tonbo Imaging | ₹700 | ~₹270–285 | ~₹970–985 | 15–19 Oct |
| Zetwerk | ₹151 | ~₹20–30 | ~₹171–181 | 15–19 Oct |
| Bonfiglioli Transmissions | ₹586 | ~₹175 | ~₹761 | 15–19 Oct |
| Sahajanand Medical | ₹344 | ~₹40 | ~₹384 | 15–19 Oct |
All GMP figures are unofficial, market-reported, and can change before listing.
Key dates this week
| Date | Event |
|---|---|
| 12 Oct (Mon) | R.K. Fashion lists on NSE SME |
| 13 Oct (Tue) | HD Fire Protect, Ravita Engineering, Vaibhav Vyapaar open |
| 14 Oct (Wed) | Fusion CX opens |
| 15 Oct (Thu) | Tonbo Imaging, Zetwerk, Bonfiglioli, Sahajanand Medical, Shellz India open; HD Fire / Ravita / Vaibhav close |
| 16 Oct (Fri) | Fusion CX closes; HD Fire, Ravita, Vaibhav allotment (tentative) |
| 19 Oct (Mon) | Fusion CX allotment (tentative); Thursday's batch closes |
FAQs
Which IPO opens tomorrow?
Three IPOs open on Tuesday 13 October and close on 15 October: HD Fire Protect (mainboard), Ravita Engineering Services (SME) and Vaibhav Vyapaar (SME).
Why did R.K. Fashion list below its issue price?
The ₹80 listing was a 2.44% discount to the ₹82 issue price. Grey-market expectations were already near-flat (about ₹1.5–2 premium, unofficial), and the IPO's overall subscription was a modest ~2.70x, so the soft debut was broadly in line with sentiment.
What is the biggest IPO opening this week?
Zetwerk, at roughly ₹5,012 crore (₹2,830 crore fresh issue + ₹2,182 crore OFS), opening 15 October. Bonfiglioli Transmissions (~₹2,534 crore) is the next largest.
When will HD Fire Protect list?
The tentative listing date is 21 October 2026 on the BSE and NSE, with allotment expected on 16 October.
When does the Jio Platforms IPO open?
Media reports point to 21–23 October with a ₹1,065–1,119 price band, but the RHP is still awaited — treat the dates as unconfirmed until the company files.
Conclusion
Today was a quiet listing day — R.K. Fashion's mild discount was the only primary-market event. The real action starts tomorrow: eight IPOs open across this week, led by HD Fire Protect on Tuesday and the ₹5,012 crore Zetwerk issue on Thursday. Watch HD Fire Protect's grey-market premium and institutional response to Zetwerk and Bonfiglioli for the week's sentiment read.
A correction on our Canara Robeco coverage
A note to readers: our articles published 9–12 October described a Canara Robeco IPO opening on 9 October. Those details — issue size, price band, subscription figures — were from the company's October 2025 IPO (which listed on 16 October 2025); Canara Robeco is a listed company and no fresh IPO of its shares is currently open. We regret the dating error in those articles.