Upcoming IPOs October 2026: IPO Dates, Issue Size, Retail Quota

Nine mainboard IPOs are expected in the primary market this month, led by Jio Platforms, which could become India's largest IPO. HD Fire Protect is the only one with confirmed dates so far. Its IPO opens on October 13 and closes on October 15, with an issue size of around ₹700 crore to ₹750 crore.

For the other IPOs, including Zetwerk, Paras Healthcare, Milestone Gears, SFC Environmental Technologies, Bonfiglioli Transmissions, Tonbo Imaging India, and Sahajanand Medical Technologies, price bands and dates have not been announced yet. The retail quotas below are based on the DRHP and can change in the final RHP.

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Upcoming IPO List October 2026: Issue Size and Retail Quota

Note: Issue sizes in rupees will be clear only after the respective price bands are formally declared.

HD Fire Protect IPO Date, Price Band and Issue Size

HD Fire Protect IPO opens on October 13 and closes on October 15. The anchor book opens on October 12, and the shares are expected to list on NSE and BSE around October 21. The price band is expected to be announced on Wednesday.

• Issue type: Pure offer for sale of about 2.62 crore shares by promoters Harish Dharamshi and Kusum Dharamshi. The company will not receive any proceeds.
• Face value: ₹5 per share.
• Retail quota: Not less than 35% of the offer as per the DRHP.
• Financials: Revenue of ₹505.12 crore in FY26, up 12%, with profit after tax of ₹116.79 crore.
• Lead managers: Ambit, Anand Rathi Advisors, and IIFL Capital Services.

The company makes water, foam, and gas-based fire suppression systems at two plants in Maharashtra. It has significant exposure to oil and gas customers and export markets. Investors should consider these factors along with its steady profit growth.

Jio Platforms IPO Date, Issue Size and Shareholder Quota

Jio Platforms IPO is reported to open on October 21 and close on October 23, with the anchor round on October 19 and listing on October 28. PTI-quoted sources reported these dates, but they are not official until the RHP is filed.

• Issue type: 100% fresh issue of up to 27 crore shares. There is no OFS.
• Issue size: Reported at ₹33,000 crore or more (about $3.8 billion), with upper estimates touching ₹37,700 crore. At this scale, it would become India's largest IPO.
• Use of funds: Repayment of debt of Reliance Jio Infocomm and general corporate purposes.
• Reservation: QIB not more than 50%, retail not less than 35%, NII not less than 15%.
• Shareholder quota: Reliance Industries shareholders get a separate reservation, with a bid limit of up to ₹2 lakh. SEBI caps such a quota at 10% of the issue. The record date will be disclosed in the RHP.

The price band and lot size have not been announced yet. Jio's GMP quotes vary across websites, so early numbers should be treated with caution. You can track the latest figures on the IPOwiz Live IPO GMP tracker.

Zetwerk Manufacturing IPO Issue Size and Expected Date

Zetwerk received SEBI approval on July 9 and filed its updated DRHP on August 13. The company started roadshows with a September-end target, but the IPO could move to mid-October depending on market conditions. No dates have been announced.

• Issue type: Fresh issue of ₹2,600 crore plus an OFS of up to 9.68 crore shares.
• Use of funds: About ₹1,250 crore for company-level debt and ₹550 crore for subsidiary debt, with the balance for acquisitions and general purposes.
• Pre-IPO placement: Up to ₹520 crore is possible, which would reduce the fresh issue.
• Face value: ₹1 per share.
• Retail quota: One aggregator lists 10% retail, 75% QIB, and 15% NII. We could not verify this against the DRHP, so check the RHP.
• Financials: Manufacturing revenue rose 50% to ₹9,374.68 crore in FY26. The order book stood at ₹12,370 crore. A widening FY26 loss has also been reported, which will matter for valuation.

Paras Healthcare IPO Issue Size and Retail Quota

Paras Healthcare has received SEBI observations for a ₹1,800 crore IPO, made up of a ₹500 crore fresh issue and a ₹1,300 crore OFS. An earlier approval from 2024 lapsed, and the company refiled in June 2026 with a larger issue.

• Use of funds: Debt repayment, including through subsidiary PMHPL, and general corporate purposes.
• Retail quota: Not less than 10% of the offer. Some sources cite a 10% retail, 75% QIB, 15% NII split.
• Business: Eight hospitals with 2,211 beds as of March 2026, across North India, Bihar, and Jharkhand.
• Financials: Consolidated revenue of ₹1,605.95 crore and EBITDA of ₹335.58 crore in FY26.
• Lead managers: JM Financial, BofA Securities, and Nuvama.

Milestone Gears IPO Issue Size and Details

Milestone Gears plans to raise ₹1,100 crore, including ₹800 crore through a fresh issue and ₹300 crore through an OFS. SEBI has approved the issue, but dates have not been announced yet.

• Reservation: QIB 50%, NII 15%, retail 35%.
• Face value: ₹2 per share.
• Business: Precision transmission components for tractors, construction equipment, EVs, and locomotives. The company reports around 37% share in bull gears for Indian tractors.
• Lead managers: JM Financial, Axis Capital, and Motilal Oswal.

SFC Environmental Technologies IPO Issue Size

SFC Environmental Technologies is a wastewater treatment and solid waste management company. The IPO combines a ₹150 crore fresh issue with an OFS of 1.23 crore shares by promoters. The total issue size will be known after the price band is announced.

• Use of funds: Repayment of borrowings of the company and its subsidiary Vasudha Waste Treatment, working capital, and general corporate purposes.
• Retail quota: 35%, with a reserved portion for employees.
• Face value: ₹2 per share.

Bonfiglioli Transmissions IPO Details

Bonfiglioli Transmissions is a pure OFS of 4,69,98,959 shares by its Italian parent, Bonfiglioli SpA. The company will not receive any money from the issue.

• Reservation: QIB up to 50%, NII not less than 15%, retail not less than 35%.
• Financials: FY25 revenue of ₹1,467.95 crore and profit after tax of ₹165.19 crore.
• Lead managers: Axis Capital, BNP Paribas, ICICI Securities, and Jefferies India.

Some blogs estimate the issue size at around ₹2,000 crore, but there is no official figure until the price band is announced.

Tonbo Imaging India IPO Details

Tonbo Imaging India, a Bengaluru-based defence electronics company, is bringing a pure OFS of up to 1,80,85,246 shares. There is no fresh issue, so all proceeds go to promoters and existing investors. SEBI approval came recently, and aggregators show the standard 35% retail quota. The face value is ₹2.

Sahajanand Medical Technologies IPO Details

Sahajanand Medical Technologies, a Surat-based cardiovascular stent maker, is planning a pure OFS of up to 2,76,44,231 shares. SEBI approved the DRHP on November 17, 2025, and that approval is valid for 12 months. In practical terms, the company needs to launch by mid-November 2026 or file again. The retail quota has not been confirmed yet.

Upcoming IPO GMP: What Investors Should Know

GMP is not available yet for most of these IPOs because their price bands have not been announced. Once bidding opens, GMP often moves along with subscription levels, especially on the final day. A rising GMP can indicate positive sentiment, but it does not guarantee listing gains. Live numbers are available on the IPOwiz Live GMP tracker.

Pure OFS vs Fresh Issue: Why It Matters

Five of the nine IPOs here are pure OFS issues: HD Fire Protect, Bonfiglioli, Tonbo, Sahajanand and, largely, the OFS part of Paras and Zetwerk.

In an OFS, the company gets no money and existing holders sell. That is not a negative on its own, but investors should check why promoters and funds are selling and what valuation they expect. Fresh issues such as Jio and Milestone Gears add capital to the company, mostly for debt repayment here.

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