IPOs Open For Subscription Today: 4 Issues Worth Over ₹8,800 Crore Hit Market; Check Price Bands, Lot Sizes
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Four mainboard IPOs open for bidding on October 15, led by Zetwerk's ₹5,012 crore issue. Bonfiglioli Transmissions, Tonbo Imaging and Sahajanand Medical Technologies are also entering the primary market, taking the combined offer size above ₹8,800 crore.
Four mainboard IPOs worth more than ₹8,800 crore open for subscription today, October 15, making it a packed day for India's primary market. Zetwerk Manufacturing Businesses, Bonfiglioli Transmissions, Tonbo Imaging India and Sahajanand Medical Technologies will begin accepting bids on Thursday, with all four issues remaining open until October 19.
Zetwerk's ₹5,012.33 crore IPO is the largest of the four, followed by Bonfiglioli Transmissions' ₹2,533.81 crore issue. Tonbo Imaging is looking to raise up to ₹852.18 crore, while Sahajanand Medical Technologies' offer is worth ₹475.48 crore at the upper end of the price band. Together, the four mainboard IPOs are seeking to raise around ₹8,874 crore.
The four companies are entering the market with price bands ranging from ₹143-151 for Zetwerk to ₹665-700 for Tonbo Imaging. Minimum retail lot sizes range from 21 shares to 99 shares, while the minimum application amount at the upper end of the respective price bands remains below ₹15,000 across all four issues.
Ahead of the public opening, Zetwerk raised ₹2,251.23 crore from anchor investors, Bonfiglioli Transmissions secured ₹759.26 crore, Tonbo Imaging raised about ₹255 crore and Sahajanand Medical Technologies collected around ₹140 crore.
Zetwerk IPO
Zetwerk has fixed its IPO price band at ₹143-151 per share. Investors can bid for a minimum of 99 shares, translating into an application value of ₹14,949 at the upper end of the price band.
The ₹5,012.33 crore IPO comprises a fresh issue along with an offer for sale. The issue closes on October 19, with allotment expected on October 21 and the shares scheduled to list on the BSE and NSE on October 23.
Bonfiglioli Transmissions IPO
Bonfiglioli Transmissions has set a price band of ₹558-586 per share for its ₹2,533.8 crore IPO. The minimum bid size is 25 shares, requiring ₹14,650 at the upper end of the price band.
The IPO is entirely an offer for sale by existing shareholders. The issue closes on October 19, with the company's shares expected to list on the BSE and NSE on October 23.
Tonbo Imaging IPO
Tonbo Imaging's ₹852 crore IPO has a price band of ₹665-700 per share. Investors can bid for a minimum of 21 shares, taking the application value to ₹14,700 at the upper end.
The IPO comprises a fresh issue and an offer for sale. Tonbo Imaging raised around ₹255 crore from anchor investors ahead of the public issue, with BlackRock and SBI Mutual Fund among the participants.
Sahajanand Medical Technologies IPO
Sahajanand Medical Technologies has fixed a price band of ₹327-344 per share for its ₹475.48 crore IPO. The minimum lot size is 43 shares, requiring ₹14,792 at the upper end.
The IPO is entirely an offer for sale by existing shareholders. The issue closes on October 19, with the company's shares expected to list on the BSE and NSE on October 23.
Also Read - Stock Market Update 15 October 2026: Sensex Gains Over 200 Pts; Nifty 50 Above 22,650 At The Opening Bell
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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