IPO GMP race: Zetwerk vs Sahajanand vs Bonfiglioli Transmissions vs Tonbo Imaging - check share listing price prediction

The four IPOs that opened for subscription this week recorded mixed responses on the second day of bidding on Friday, 16 October, with Tonbo Imaging India attracting strong demand, while Zetwerk Manufacturing Business saw a relatively muted response. Bonfiglioli Transmissions and Sahajanand Medical Technologies also witnessed varying subscription levels across investor categories.

Tonbo Imaging India’s IPO was subscribed 7.77 times on the second day, driven by strong demand from non-institutional investors (NIIs), whose portion was subscribed 14.35 times. The retail investor portion was subscribed 7.12 times, while qualified institutional buyers (QIBs) subscribed 3.95 times their allotted quota.

Bonfiglioli Transmissions’ IPO was subscribed 99% on the second day of bidding. The NII portion was subscribed 1.71 times, while the retail portion was subscribed 1.16 times. The QIB portion saw a relatively subdued response, with subscriptions at 16% of the shares reserved for the category.

Sahajanand Medical Technologies’ IPO was subscribed 82% by the end of the second day. The QIB portion was subscribed 1.12 times, while retail investors subscribed to 82% of their allotted portion. The NII segment saw a 51% increase in subscriptions.

Zetwerk Manufacturing Business’ IPO witnessed a slower response, with the issue subscribed 31% on the second day. The QIB portion was subscribed 37%, followed by 36% subscription in the retail category. The NII portion was subscribed 16%.

All four IPOs opened for subscription on Thursday, 15 October, and are scheduled to close on Monday, 19 October.

Zetwerk IPO GMP today, or grey market premium, is +7. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Zetwerk share price was indicated at ₹158 apiece, which is 4.64% higher than the IPO price of ₹151.

Based on trading activity over the past eight sessions, the IPO's grey market premium (GMP) trend has weakened, indicating softer investor demand. During this period, the premium fluctuated between ₹7 and ₹30, according to market experts.

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