Upcoming IPOs: HD Fire Protect, Fusion CX, Zetwerk, Bonfiglioli Transmissions among 9 issues to open this week

Nine initial public offerings will open for subscription this week. The list includes the mainboard issues of HD Fire Protect, Fusion CX, Tonbo Imaging India, Zetwerk Manufacturing Business, Bonfiglioli Transmissions and Sahajanand Medical Technologies. SME IPOs that will go live include Ravita Engineering Services, Shellz India and Vaibhav Vyapaar.

Shares of RK Fashion Accessories, a manufacturer and distributor of imitation jewellery and branded cosmetics, will be listed on October 12.

HD Fire Protect IPO

The initial share sale of HD Fire Protect will be open from October 13 to October 15. The company has set a price band of ₹258 to ₹271 per share.

The ₹712.31 crore is solely an offer for sale (OFS) of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi.

Since there is no fresh issue component, the company will not get any proceeds from the issue. The money raised will go to selling shareholders.

"Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," the firm said in its red herring prospectus.

HD Fire Protect makes and supplies fire protection equipment and systems, including water, foam, and gas-based fire suppression systems.

Anand Rathi Advisors, IIFL Capital Services and Ambit are the issue's book-running lead managers, while MUFG Intime India is the registrar.

Fusion CX IPO

The funds will be utilised for repayment of certain outstanding borrowings, investment in step-down subsidiaries to upgrade IT tools, pursue inorganic growth through unidentified acquisitions and corporate general purposes.

"Our company expects to receive benefits of listing of the equity shares on the Stock Exchanges, including to enhance our visibility and our brand image among our existing and potential customers and creation of a public market for the Equity Shares in India," the firm said.

With a price band of ₹275 to ₹289 per share, a lot consists of 51 shares.

Fusion CX Ltd is a customer experience and business process solutions provider that offers multichannel customer support through voice, email, social media, chat and messaging.

Tonbo Imaging India IPO

Global defence electronics original equipment manufacturer Tonbo Imaging India is seeking to raise ₹852.18 crore through an offer for sale of 12,174,046 shares by promoters and existing investors. It will be open from October 15 to October 19.

With a price band of ₹665 to ₹700 per share, a lot consists of 21 shares.

Tonbo Imaging India is a global defence electronics OEM involved in the design, development, and manufacturing of advanced electro-optic, infrared (EO/IR), communication, embedded vision, guidance, and surveillance systems for defence and security applications.

Zetwerk Manufacturing Business IPO

The IPO of technology-led global manufacturing platform Zetwerk Manufacturing Businesses will be open for subscription from October 15 to October 19.

The ₹5,012.33 crore issue is a combination of fresh issuance of ₹2,830 crore and an OFS of ₹2,182.33 crore by promoters and existing investors.

Funds raised will be used for debt clearance of the company and its subsidiaries, funding inorganic growth through unidentified acquisitions and general corporate purposes.

Sahajanand Medical Technologies IPO

The ₹475.48 crore initial public offering of minimally invasive cardiovascular devices manufacturer Medical Technologies will hit the primary market on October 15. The issue, with a price band of ₹327-₹344 per share, will end on October 19.

The IPO is exclusively an OFS of ₹475.48 crore by promoters Shree Hari Trust and Dhirajkumar Savjibhai Vasoya and investors Samara Capital Markets Holding, Kotak Pre-IPO Opportunities and NHPEA Sparkle Holding BV.

Bonfiglioli Transmissions IPO

Bonfiglioli Transmissions IPO will be open for bidding from October 15 to October 19. It is only an OFS of ₹2,533.66 crore.

With a price band of ₹558 to ₹586 per share, retail investors can apply for at least 25 shares.

Bonfiglioli Transmissions is a leading technology-driven company offering mechanical and electro-mechanical power transmission and industrial drive solutions.