IPO GMP comparison: The grey market premium (GMP) of initial public offerings (IPOs) is drawing investor attention as several companies prepare to tap the primary market in October 2026.
Among the issues in focus this week are Reliance Industries-backed Jio Platforms, HD Fire Protect, Tonbo Imaging India, Zetwerk Manufacturing Business and Fusion CX. However, their grey market trends indicate varying levels of investor enthusiasm and potential listing gains.
Tonbo Imaging India is leading the grey market premium rankings among the recently announced public issues, while HD Fire Protect has also attracted strong interest.
Zetwerk Manufacturing Business and Fusion CX, meanwhile, are commanding comparatively lower premiums.
Jio Platforms, which is scheduled to open its IPO later this month, is also attracting attention ahead of what is expected to be India's largest-ever public offering. The issue is scheduled to open on October 21 and close on October 23, with a price band of ₹1,065– ₹1,119 per share.