Positive impactIPO
IPO GMP: Zetwerk vs HD Fire Protect vs Fusion CX vs Bonfiglioli vs Tonbo? Check grey market premium winner
Mint 1 hr ago·13 Oct 2026, 6:14 am
Six IPOs are scheduled to open in India between October 13 and 15, giving investors a chance to participate in the market's latest fundraising rounds. The grey market, a key indicator of investor sentiment, is showing strong interest in several of these new issues. This unofficial market allows investors to trade shares before they are officially listed, providing a glimpse into potential listing day gains.
The grey market premium, or GMP, is a critical metric for retail investors. It represents the difference between the grey market price and the official issue price. A high GMP suggests strong demand and the potential for a bumper listing. Tonbo Imaging currently leads the pack with a premium of over 60%, indicating a very optimistic outlook. HD Fire Protect and Bonfiglioli Transmissions are also seeing robust premiums, while Fusion CX is showing a more modest figure.
For investors, the GMP offers a preview of how the market might react on the listing day. However, it is important to remember that the grey market price is not guaranteed. The actual listing price will be determined by the official market forces on the day of listing. Investors should evaluate the fundamentals of the company rather than just relying on the grey market premium. Keeping an eye on the subscription numbers and market trends will be crucial in making an informed decision.
Excerpt from Mint
Six IPOs are opening in India between 13 and 15 October. Tonbo Imaging leads grey-market estimates with a 60.71% implied listing premium, followed by HD Fire Protect at 31.37% and Bonfiglioli Transmissions at 26.45%. Fusion CX has the weakest indicated premium, at 6.57%. India’s primary market is set for a busy week,…Read the original at Mint
Key takeaways
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
