Neutral impactIPO
IPO GMP race: Zetwerk vs Sahajanand vs Bonfiglioli Transmissions vs Tonbo Imaging - check share listing price prediction
Mint 1 hr ago·18 Oct 2026, 11:20 am
The Indian IPO market is currently witnessing a competitive race among four major listings. Zetwerk Manufacturing, Sahajanand Engineers, Bonfiglioli Transmissions, and Tonbo Imaging are all set to hit the market soon. Investor interest has been mixed, with Tonbo Imaging seeing the highest demand at 7.77 times subscription, while Zetwerk attracted the least interest at just 3.1 times. Bonfiglioli and Sahajanand saw subscriptions of 99% and 82%, respectively. This variation in demand suggests that investors are carefully evaluating the fundamentals of each company before committing capital.
For investors, this mixed response highlights the importance of conducting thorough due diligence. While Tonbo Imaging's strong subscription indicates high confidence, the lower subscription for Zetwerk suggests some caution among retail investors. The upcoming listing prices will be a key indicator of market sentiment. Investors should watch for the grey market premium (GMP), which reflects the expected listing price, and compare it against the company's valuation to make informed decisions. The broader market conditions will also play a crucial role in determining the listing success of these stocks.
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
