{"id":305061,"date":"2026-10-13T12:10:20","date_gmt":"2026-10-13T06:40:20","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=305061"},"modified":"2026-10-13T12:10:20","modified_gmt":"2026-10-13T06:40:20","slug":"zetwerk-vs-hd-fire-protect-vs-fusion-cx-vs-bonfiglioli-vs-tonbo-initial-public-offering-comparison-grey-market-premium-price-band-lot-size","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/zetwerk-vs-hd-fire-protect-vs-fusion-cx-vs-bonfiglioli-vs-tonbo-initial-public-offering-comparison-grey-market-premium-price-band-lot-size\/","title":{"rendered":"IPO GMP: Zetwerk vs HD Fire Protect vs Fusion CX vs Bonfiglioli vs Tonbo? Compare Grey Market Premium Interest, Price Band, Lot Size, Valuation and Risks"},"content":{"rendered":"

IPO GMP check, 13 Oct 2026: six IPOs open between 13 and 15 October and list between 21 and 23 October. Zetwerk, HD Fire Protect, Fusion CX, Bonfiglioli Transmissions, Tonbo Imaging and Sahajanand Medical Technologies compared on price band, lot size, issue structure and valuation.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

IPO GMP chatter this week is strongest for Tonbo Imaging and weakest for Fusion CX, with HD Fire Protect and Bonfiglioli in between, but grey market premium is an unofficial indicator and no figures are given here. Six IPOs open between 13 and 15 October 2026 and list between 21 and 23 October, and the minimum retail bid for each is near Rs 14,650 to Rs 14,949. Among the issuers with data, HD Fire Protect has the highest return on equity at 30.17%, Fusion CX has the lowest P\/E at 21.62 times, Bonfiglioli is the largest pure offer for sale at Rs 2,533.66 crore, and Zetwerk is the only large issuer reporting a loss. Use IPO GMP only as sentiment, and compare price band, valuation, issue structure and your own horizon before applying.<\/p>\n<\/p><\/div>\n

IPO GMP is the grey market premium, the unofficial talk among dealers about where an IPO share may list. The headline asks which of Zetwerk, HD Fire Protect, Fusion CX, Bonfiglioli and Tonbo wins on IPO GMP, and this guide answers it by comparing the facts that you can check.<\/p>\n

Six IPOs are open or opening between 13 and 15 October 2026. The sixth issue, Sahajanand Medical Technologies, is included because it opens on the same day as Zetwerk, Tonbo and Bonfiglioli.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n