{"id":315482,"date":"2026-10-19T10:09:22","date_gmt":"2026-10-19T04:39:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=315482"},"modified":"2026-10-19T10:09:22","modified_gmt":"2026-10-19T04:39:22","slug":"zetwerk-vs-sahajanand-medical-bonfiglioli-tonbo-imaging-listing-price-subscription-status-before-23-oct-debut","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/zetwerk-vs-sahajanand-medical-bonfiglioli-tonbo-imaging-listing-price-subscription-status-before-23-oct-debut\/","title":{"rendered":"IPO GMP Race: Zetwerk vs Sahajanand Medical, Bonfiglioli and Tonbo Imaging"},"content":{"rendered":"

Four mainboard issues close today, 19 Oct 2026, with allotment on 21 Oct and listing on 23 Oct: Zetwerk (Rs 5,012 crore, band Rs 143 to Rs 151), Tonbo Imaging (Rs 852 crore, Rs 665 to Rs 700), Sahajanand Medical (Rs 475 crore, Rs 327 to Rs 344) and Bonfiglioli (Rs 2,534 crore, Rs 558 to Rs 586). At the Day 2 close Tonbo was 7.78x, Bonfiglioli about 0.99x, Sahajanand about 0.83x and Zetwerk 0.31x. This IPO GMP race article gives no unofficial price premiums for any of the four.<\/em><\/p>\n

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

The IPO GMP race between Zetwerk, Sahajanand Medical Technologies, Bonfiglioli Transmissions and Tonbo Imaging is best read through issue size, valuation and subscription and not through unofficial numbers. At the Day 2 close, Tonbo Imaging led at 7.78 times, while Bonfiglioli was about 0.99 times, Sahajanand about 0.83 times and Zetwerk 0.31 times, and all four close today at 5 PM. Valuations differ widely, with Bonfiglioli at about 46.3 times FY26 earnings, Sahajanand at 53.1 times and Zetwerk loss making with negative operating cash flow. This IPO GMP race ends with allotment on 21 October and listing on 23 October, so the final subscription numbers matter more than any early signal.<\/p>\n<\/p><\/div>\n

The IPO GMP race is crowded because four mainboard issues open and close on the same dates, while the Jio Platforms issue is about to draw funds. Each issue has a different structure, from a fresh issue with losses at Zetwerk to a pure offer for sale at the other three.<\/p>\n

This guide to the IPO GMP race covers the issue terms, subscription, financials and valuation, risks and a way to compare the four without relying on unofficial numbers. It is educational and not a recommendation to apply for or avoid any of the issues.<\/p>\n

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

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