Upcoming IPOs October 2026: 4 New Issues Opening This Week, Check Price Bands, Dates and Investment Details

Upcoming IPOs This Week, October 12–16, 2026: The Indian primary market is set for an active week as four companies are reportedly preparing to launch their initial public offerings (IPOs). Investors looking for opportunities beyond the secondary stock market will have several upcoming issues to examine, including two mainboard IPOs and two SME offerings.

According to the October 11 report, HD Fire Protect Limited and Fusion CX Limited are expected to raise approximately ₹1,414 crore collectively through their public issues.

Meanwhile, Vaibhav Vyapaar Limited and Ravita Engineering Services Limited are preparing to enter the SME IPO segment.

The subscription window for the first three issues is scheduled to open on October 13, while Fusion CX is expected to begin accepting bids on October 14.

Before applying, investors should review each company's business model, financial performance, issue structure, valuation, and associated risks.

Here is a detailed look at the four upcoming IPOs in October 2026, including their opening dates, closing dates, price bands, issue sizes, and expected listing information.

Upcoming IPOs This Week: Complete List From October 12 to 16

The following table summarises the four IPOs mentioned in the supplied report.

These dates and price bands are based on the supplied report. Investors should verify the final issue schedule and terms through official offer documents and stock exchange announcements before applying.

1. HD Fire Protect IPO: ₹712.13 Crore Issue Opening October 13

HD Fire Protect Limited is among the mainboard companies expected to enter the primary market this week.

The company manufactures fire protection and firefighting equipment, including water-based, foam-based, and gas-based fire suppression systems.

Its products are used in fire safety applications across industrial and commercial environments.

According to the report, the company plans to launch a public issue worth approximately ₹712.13 crore.

HD Fire Protect IPO — Key Details

Price band

₹258–₹271

Issue size

₹712.13 crore

Subscription opens

October 13

Subscription closes

October 15

HD Fire Protect IPO: Offer for Sale Details

The reported IPO consists entirely of an Offer for Sale (OFS).

Under this structure, existing shareholders sell their shares to public investors.

Promoters Harish Narshi Dharmshi and Kusum Harish Dharmshi are reportedly offering approximately 2.63 crore shares.

Because the issue is entirely an OFS, the company itself will not receive the proceeds from the share sale.

The money raised will go to the selling shareholders, subject to issue expenses and applicable terms.

HD Fire Protect IPO Valuation and Listing Date

At the upper end of the price band, the company's valuation is estimated at approximately ₹4,750 crore, according to the supplied report.

Anchor investor bidding is scheduled for October 12, 2026.

The shares are expected to list on the BSE and NSE on October 21, subject to completion of the IPO process and the official listing schedule.

Ambit, Anand Rathi Advisors, and IIFL Capital Services are named as the book-running lead managers.

MUFG Intime India is identified as the registrar.

Investors should examine the company's earnings, order book, business risks, and valuation before deciding whether to participate.

2. Fusion CX IPO: ₹702 Crore Issue Opening October 14

Fusion CX Limited is the second mainboard company expected to launch its IPO during the week.

The company operates in the customer experience and business process services sector.

It provides customer support solutions through communication channels such as telephone, email, chat, and social media.

The company also uses artificial intelligence-enabled technologies in its service offerings.

According to the report, Fusion CX is planning an IPO worth approximately ₹702 crore.

Fusion CX IPO Price Band, Lot Size and Dates

At the upper price band of ₹289 per share, one lot of 51 shares would require an investment of:

51 × ₹289 = ₹14,739

This is the indicative cost of one lot at the upper price band. Investors should confirm the final lot size and application requirements in the official issue documents.

How Will Fusion CX Use the IPO Proceeds?

Unlike HD Fire Protect, Fusion CX's reported issue includes both fresh shares and an Offer for Sale.

The fresh issue component is valued at approximately ₹500 crore.

According to the report, the company intends to use the proceeds for several purposes, including repayment of borrowings, upgrades to IT infrastructure and technology tools, potential acquisitions, and general corporate requirements.

The remaining ₹202 crore is expected to come through an OFS involving existing shareholders, including PNS Business and Rashish Consultants, as identified in the supplied report.

At the upper price band, Fusion CX's market capitalisation is estimated to exceed ₹4,170 crore.

However, investors should compare this valuation with the company's revenue growth, profitability, debt levels, and industry competition.

3. Vaibhav Vyapaar IPO: SME Issue Opening October 13

Vaibhav Vyapaar Limited is among the companies reportedly preparing to launch an IPO in the SME segment.

According to the supplied information, the public issue is scheduled to open on October 13 and close on October 15, 2026.

The price band has reportedly been fixed at ₹51 to ₹54 per share.

The company is expected to offer 77,96,000 shares through the issue.

Based on the reported share count and upper price band, the implied issue value would be approximately ₹42.10 crore, assuming all the specified shares are offered at ₹54.

However, the supplied report does not provide complete details regarding the company's business operations, issue structure, or minimum application lot.

Investors should review the official offer document before applying.

SME IPOs can involve additional risks because of smaller company size, limited trading liquidity, and potentially greater price volatility.

4. Ravita Engineering Services IPO: Price Band ₹105–₹112

Ravita Engineering Services Limited is another company reportedly preparing to enter the SME IPO market.

The issue is scheduled to open on October 13 and close on October 15, 2026.

According to the report, the price band has been set at ₹105 to ₹112 per share.

The company plans to offer approximately 1,03,62,000 shares.

At the upper price band of ₹112, the indicated share count would imply an issue value of approximately ₹116.05 crore.

This calculation is based solely on the reported number of shares and price band.

The final issue size, application lot, use of proceeds, and other conditions should be checked in the official prospectus.

Mainboard IPO vs SME IPO: What Is the Difference?

Investors should understand the differences between mainboard and SME offerings before applying.

Mainboard IPOs generally involve companies seeking listing on the main platforms of recognised stock exchanges.

SME IPOs are designed for eligible smaller and medium-sized enterprises and are listed on dedicated SME platforms.

SME IPOs should not be viewed as automatically more profitable simply because their share prices appear lower.

The number of shares, company valuation, financial performance, and trading conditions are more important than the nominal price of an individual share.

Upcoming IPOs: How Much Are the Two Mainboard Companies Raising?

The supplied report states that HD Fire Protect and Fusion CX together are targeting approximately ₹1,414 crore.

Their reported issue sizes are:

It is important to distinguish between fresh issues and Offers for Sale.

In a fresh issue, the company receives the proceeds from newly issued shares, after applicable expenses.

In an OFS, existing shareholders sell their holdings, and the proceeds generally go to those shareholders rather than the company.

This distinction can influence how investors evaluate the purpose of an IPO.

RK Fashion Accessories Listing Expected This Week

Apart from the four IPOs scheduled to open for subscription, the supplied report also mentions an upcoming stock market listing for RK Fashion Accessories.

The company is associated with imitation jewellery and branded cosmetics manufacturing and distribution.

Investors who applied for its IPO should check the official allotment and listing announcements for the confirmed trading date.

Listing-day share prices can differ significantly from the IPO issue price, depending on market demand and prevailing conditions.

What Should Investors Check Before Applying for an IPO?

A public issue can offer an opportunity to invest in a company at the time of its stock market debut, but there is no guarantee of listing gains.

Before applying, investors should examine the company's revenue, profits, cash flow, debt obligations, and competitive position.

The valuation at the upper price band is another important consideration.

Investors should also understand whether the IPO proceeds will support business expansion or primarily allow existing shareholders to sell their holdings.

For SME offerings, liquidity and minimum investment requirements deserve particular attention.

Grey Market Premium (GMP) figures may attract interest, but they are unofficial indicators and cannot reliably predict the actual listing price.

Upcoming IPOs October 2026: Final Takeaway

The week beginning October 12, 2026, is expected to bring four IPO subscription opportunities, according to the supplied report.

HD Fire Protect and Fusion CX are the two mainboard issues, with a combined reported size of approximately ₹1,414 crore.

Vaibhav Vyapaar and Ravita Engineering Services are the two SME offerings scheduled for the same week.

Investors should not choose an IPO solely because it is receiving market attention or promises potential listing gains. Company fundamentals, valuation, issue structure, and financial risk should remain central to the decision.

All IPO dates, price bands, lot sizes, and listing schedules should be verified against official stock exchange filings before submitting an application.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The IPO information is based on the supplied October 11, 2026 report and has not been independently verified against live exchange filings. IPO investments are subject to market risks, including the possibility of capital loss.