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  5. Upcoming IPOs: HD Fire Protect, Fusion CX among 4 issues to open next week; RK Fashion Accessories shares to debut

Market News

Upcoming IPOs: HD Fire Protect, Fusion CX among 4 issues to open next week; RK Fashion Accessories shares to debut

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on October 09, 2026, 11:57 IST

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SUMMARY

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.

Fusion CX IPO has set a price band of ₹275 to ₹289 per share. | Image: Shutterstock

Fusion CX IPO has set a price band of ₹275 to ₹289 per share. | Image: Shutterstock

Four initial public offerings will open for subscription next week. The list includes the mainboard issues of HD Fire Protect and Fusion CX. SME IPOs that will go live include Ravita Engineering Services and Vaibhav Vyapaar.

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Shares of RK Fashion Accessories, a manufacturer and distributor of imitation jewellery and branded cosmetics, will be listed next week.

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.

ALSO READ | Fusion CX IPO opens Oct 14, price band set at ₹275-₹289 per share; check lot size and key dates

Fusion CX IPO

Fusion CX IPO, which is open from October 14 to October 16, is looking to raise ₹702 crore via a mix of new equity shares worth ₹500 crore and an OFS component of ₹202 crore by promoters Rasish Consultants and PNS Business.

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.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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