India’s primary market is witnessing a landmark capital raise this October, led by mega issues and high-tech manufacturing offerings. Here is your ultimate listing guide.
Key Market Takeaways (October 2026)
- Jio Platforms targets a historic ₹30,200 Cr fundraise with subscription opening Oct 21.
- Zetwerk & Sahajanand Medical lead mid-month issues opening Oct 15.
- Grey Market Premium (GMP) metrics indicate active retail participation across tech & healthcare.
The October 2026 IPO Landscape Overview
Following a powerful trajectory through Q3 2026 where Indian primary markets surpassed ₹1.1 lakh crore in capital generation, October launches into an even bigger wave. Backed by stable domestic institutional liquidity and foreign investor appetite, over 12 mainboard and SME entities are rolling out their initial public offerings this month.
From digital infrastructure giants to precision B2B manufacturing and medical technology exporters, the spectrum of issues offers diverse opportunities for retail and institutional portfolios alike.
Mainboard IPO Listing Tracker & Indicative GMP
*GMP (Grey Market Premium) figures are unofficial market indicators subject to real-time fluctuation.
| Company Name | Issue Period | Price Band | Issue Size | Live GMP (Est.) |
|---|---|---|---|---|
| Jio Platforms | 21 Oct – 23 Oct | ₹1,065 – ₹1,119 | ₹30,200 Cr | +₹179 (+16%) |
| Tonbo Imaging India | 15 Oct – 19 Oct | ₹665 – ₹700 | ₹1,250 Cr | +₹370 (+53%) |
| Sahajanand Medical Tech | 15 Oct – 19 Oct | ₹327 – ₹344 | ₹475.48 Cr | +₹45 (+13%) |
| Zetwerk Manufacturing | 15 Oct – 19 Oct | ₹143 – ₹151 | ₹5,012 Cr | +₹16 (+11%) |
| HD Fire Protect | 13 Oct – 15 Oct | ₹258 – ₹271 | ₹380 Cr | +₹75 (+28%) |
| Fusion CX | 14 Oct – 16 Oct | ₹275 – ₹289 | ₹702 Cr | +₹16 (+6%) |
Major Highlights: What You Need to Know
1. Jio Platforms: The Record-Breaking Issue
Targeting a mammoth market valuation upwards of ₹10.3 lakh crore, Jio Platforms opens its subscription window on October 21. Backed by marquee global investors alongside Reliance Industries, the offering represents one of the largest telecom and digital infrastructure issuances in Asian financial history.
2. Zetwerk Manufacturing Business
B2B manufacturing unicorn Zetwerk brings a fresh capital raise of ₹2,830 crore alongside an OFS component, totaling ₹5,012 crore. Operating across high-growth verticals like aerospace, consumer electronics, and renewable hardware, Zetwerk offers direct exposure to India’s expanding industrial supply network.
3. Sahajanand Medical Technologies
Focusing on structural heart intervention devices and drug-eluting vascular stents, Surat-based Sahajanand Medical Technologies enters the market with a ₹475.48 crore issue. With footprints spanning over 70 countries, the R&D-driven med-tech firm provides strong international market exposure.
Investor Evaluation Checklist
- ✓ Verify Fundamental Valuation: Look beyond short-term GMP percentages and cross-check P/E ratios against established industry peers.
- ✓ Fresh Issue vs. OFS: Check whether funds raised will go into company balance sheet expansion or existing shareholder exit.
- ✓ Monitor Day 3 Subscriptions: Evaluate Institutional (QIB) demand trends prior to making final retail allotment bids.