Upcoming IPOs This Week (19–25 October 2026): Jio Platforms Leads, 9 IPOs List
India's primary market shifts into top gear this week as the country's biggest-ever IPO — Jio Platforms' ₹30,213 crore issue — opens for subscription alongside Paras Healthcare on October 21. Five IPOs close today (October 19), and nine companies list across the mainboard and SME segments between October 21 and 23. Note this is a holiday-shortened week: markets are closed on Tuesday, October 20 for Dussehra, leaving just four trading sessions. Here is the complete week-ahead guide — dates, price bands, lot sizes, subscription figures, the allotment calendar, and grey market premium (GMP) snapshots.
IPOs Opening This Week
Two mainboard IPOs open for subscription this week — and nothing on the SME side. No SME IPO is scheduled to open this week.
Jio Platforms IPO — Opens October 21
Jio Platforms is India's largest-ever IPO: a pure fresh issue of 27 crore shares raising roughly ₹30,213 crore, with the price band fixed at ₹1,065–₹1,119. Retail investors need to bid for a minimum of 12 shares (₹13,428 at the upper band). The anchor book opened today, October 19, and media reports suggest early institutional demand of around ₹2.5 lakh crore — roughly 8x the issue size. The company has also reserved ₹500 crore for employees and ₹2,500 crore for RIL shareholders (record date October 14). Allotment is expected on October 26, with listing on October 28 on NSE and BSE. GMP is being quoted around ₹235–250 (~22%) on trackers — unofficial and subject to change. Full details: Jio Platforms IPO: Price Band, Lot Size, Dates & GMP | Jio IPO RHP: Oct 21–23 Dates, ₹30,213 Cr Size | How to Apply for the Jio IPO (UPI/ASBA Steps) | ₹2.5 Lakh Crore Demand Before Anchor Book.
Paras Healthcare IPO — Opens October 21
Paras Healthcare opens on the same schedule (October 21–23) to raise ₹1,450 crore: a ₹500 crore fresh issue plus a ₹950 crore offer for sale by promoter Dharminder Kumar Nagar and investor Commelina. The price band is ₹660–₹693 with a 21-share lot — ₹14,553 minimum at the upper band. The Gurugram-based chain runs 8 hospitals with 2,211 beds and will use ₹375 crore of the fresh proceeds to repay debt. Allotment is expected on October 26 and listing is tentatively set for October 28. GMP is quoted around ₹95 (~14%), unofficial. Full details: Paras Healthcare IPO: Price Band, Dates, GMP & Review.
| IPO | Open–Close | Price Band | Lot (Min Investment) | Issue Size | Allotment | Listing |
|---|---|---|---|---|---|---|
| Jio Platforms | Oct 21–23 | ₹1,065–1,119 | 12 shares (₹13,428) | ~₹30,213 cr | Oct 26 | Oct 28 |
| Paras Healthcare | Oct 21–23 | ₹660–693 | 21 shares (₹14,553) | ₹1,450 cr | Oct 26 | Oct 28 (tent.) |
IPOs Closing on October 19 (Today)
Five IPOs — four mainboard and one SME — close for subscription today. Latest available subscription figures (tracker-reported, will change at close):
| IPO | Type | Size | Subscription* | GMP (unofficial) |
|---|---|---|---|---|
| Tonbo Imaging | Mainboard | ~₹852 cr | 7.78x | ₹520 (~74%) |
| Bonfiglioli Transmissions | Mainboard | ~₹2,534 cr | 0.99x | ₹130 (~22%) |
| Sahajanand Medical | Mainboard | ~₹475 cr | 0.83x | ₹25 (~7%) |
| Zetwerk | Mainboard | ~₹5,012 cr | 0.31x | ₹5 (~3%) |
| Shellz India | SME (BSE) | ~₹60 cr | 0.89x | ₹35 (~20%) |
*Subscription figures are tracker-reported and move through the day; GMP values are unofficial grey-market quotes, not recommendations.
Deep-dives: Tonbo Imaging | Bonfiglioli Transmissions | Sahajanand Medical | Zetwerk | Shellz India.
IPO Listings This Week — 9 Debuts
The listing calendar is packed across three sessions:
| Date | IPO | Exchange | Key Context |
|---|---|---|---|
| Oct 21 (Wed) | HD Fire Protect | BSE + NSE | Closed 131.73x; GMP ~₹70 (+26%) unofficial |
| Oct 21 (Wed) | Vaibhav Vyapaar | NSE SME | Closed 3.23x; GMP ~₹5 |
| Oct 22 (Thu) | Fusion CX | BSE + NSE | Closed 4.68x; allotment today |
| Oct 22 (Thu) | Ravita Engineering | NSE SME | Closed 7.11x; allotment today |
| Oct 23 (Fri) | Tonbo Imaging | BSE + NSE | Leading GMP at ~₹520 (+74%) |
| Oct 23 (Fri) | Zetwerk | BSE + NSE | ₹5,012 cr issue; GMP ~₹5 |
| Oct 23 (Fri) | Bonfiglioli Transmissions | BSE + NSE | ~₹2,534 cr; GMP ~₹130 (+22%) |
| Oct 23 (Fri) | Sahajanand Medical | BSE + NSE | ~₹475 cr; GMP ~₹25 |
| Oct 23 (Fri) | Shellz India | BSE SME | ~₹60 cr; GMP ~₹35 |
Guides: HD Fire Protect Listing Preview (21 Oct) | HD Fire Protect Allotment Guide | Fusion CX | Ravita Engineering | Vaibhav Vyapaar.
Week's IPO Calendar at a Glance
| Date | Event |
|---|---|
| Oct 19 (Mon) | 5 IPOs close (Tonbo, Bonfiglioli, Zetwerk, Sahajanand, Shellz); Jio anchor book; Fusion CX & Ravita allotment |
| Oct 20 (Tue) | Markets closed — Dussehra |
| Oct 21 (Wed) | Jio Platforms & Paras Healthcare open; HD Fire Protect & Vaibhav Vyapaar list; allotments for Oct-19 closers expected |
| Oct 22 (Thu) | Fusion CX & Ravita Engineering list; Jio/Paras Day 2 |
| Oct 23 (Fri) | Jio & Paras close; 5 IPOs list (Tonbo, Zetwerk, Bonfiglioli, Sahajanand, Shellz) |
| Oct 26 (Mon) | Jio & Paras allotment (expected) |
| Oct 28 (Wed) | Jio & Paras listing (expected) |
GMP Snapshot — Week Ahead (Unofficial)
Grey market premiums quoted this morning, October 19. These are unofficial, unregulated quotes that can change quickly:
| IPO | GMP | Implied Premium | Status |
|---|---|---|---|
| Tonbo Imaging | ₹515–520 | ~74% | Closes today |
| HD Fire Protect | ₹68–70 | ~26% | Lists Oct 21 |
| Jio Platforms | ₹235–250 | ~22% | Opens Oct 21 |
| Bonfiglioli Transmissions | ₹130 | ~22% | Closes today |
| Shellz India | ₹35 | ~20% | Closes today |
| Paras Healthcare | ₹95 | ~14% | Opens Oct 21 |
| Sahajanand Medical | ₹25 | ~7% | Closes today |
| Zetwerk | ₹5 | ~3% | Closes today |
| Vaibhav Vyapaar | ₹5 | ~9% | Lists Oct 21 |
| Ravita Engineering | ₹5 | ~4% | Lists Oct 22 |
Pipeline Watch
Two more DRHPs hit SEBI's desk over the weekend: Hunger Pangs Hospitality (Burma Burma) filed for a ₹150 crore fresh issue plus a 2.79 crore-share OFS, and Grace Renewable Energy filed for up to 1.12 crore shares — both awaiting SEBI observations, so no dates yet. For context on the week that was, see last week's roundup (12–18 October).
FAQs
Which IPOs open for subscription this week?
Two mainboard IPOs: Jio Platforms (₹30,213 crore, ₹1,065–1,119) and Paras Healthcare (₹1,450 crore, ₹660–693). Both open on October 21 and close on October 23. No SME IPO is scheduled to open this week.
What is the minimum investment in the Jio IPO?
The lot size is 12 shares, so the minimum investment is ₹13,428 at the upper price band of ₹1,119. For Paras Healthcare, the 21-share lot works out to ₹14,553 at the upper band.
Which IPOs are listing this week?
Nine in total: HD Fire Protect and Vaibhav Vyapaar on October 21; Fusion CX and Ravita Engineering on October 22; Tonbo Imaging, Zetwerk, Bonfiglioli Transmissions, Sahajanand Medical and Shellz India on October 23.
Is the stock market open all week?
No. Tuesday, October 20 is a market holiday for Dussehra, so trading happens only on Monday, Wednesday, Thursday and Friday this week.
What is GMP and should I rely on it?
GMP (grey market premium) is the unofficial premium at which IPO shares trade informally before listing. It is an unregulated, non-binding indicator — it can move sharply and does not guarantee listing-day performance. Always base applications on the company's fundamentals, the RHP, and your risk appetite.
Conclusion
This is arguably the biggest primary-market week of 2026: Jio Platforms' record ₹30,213 crore issue opens on October 21 with reported institutional demand already at ~₹2.5 lakh crore ahead of the anchor book, Paras Healthcare follows the same window, and nine listings land between Wednesday and Friday. Watch Tonbo Imaging's +74% GMP against Friday's five-way debut, and HD Fire Protect's Wednesday listing after a 131.73x subscription. With the Dussehra holiday compressing trading into four sessions, volatility around listing days could be sharp — keep bids within your risk limits and confirm all dates from the registrar and exchange filings before acting.