New Delhi: Investors will have five new initial public offerings (IPOs) to track next week, including three mainboard issues and two offerings in the SME segment. Vaibhav Vyapar Limited and Ravita Engineering Services Limited are the SME IPOs, while HD Fire Protect Limited, Fusion CX Limited and Sahajanand Medical Technologies Limited are the mainboard issues.
The IPOs have different opening dates, price bands and lot sizes. Based on the figures provided, HD Fire Protect has the highest grey market premium (GMP) among the five issues, followed by Fusion CX. However, GMP is an unofficial market indicator and does not guarantee listing gains.
Upcoming IPOs: Dates, Price Bands and GMP
| Company | Opening date | Closing date | Price band | Lot size | GMP | Category |
|---|---|---|---|---|---|---|
| Vaibhav Vyapar Limited | October 13 | October 15 | ₹51–₹54 | 2,000 shares | ₹0 | SME |
| Ravita Engineering Services Limited | October 13 | October 15 | ₹105–₹112 | 1,200 shares | ₹12 | SME |
| HD Fire Protect Limited | October 13 | October 15 | ₹258–₹271 | 55 shares | ₹75 | Mainboard |
| Fusion CX Limited | October 14 | October 16 | ₹275–₹289 | 51 shares | ₹53 | Mainboard |
| Sahajanand Medical Technologies Limited | October 15 | October 19 | To be announced | To be announced | ₹0 | Mainboard |
HD Fire Protect Tops the GMP List
Among the five upcoming IPOs, HD Fire Protect Limited has the highest reported GMP at ₹75. Fusion CX Limited follows with a premium of ₹53, while Ravita Engineering Services has a reported GMP of ₹12.
Vaibhav Vyapar and Sahajanand Medical Technologies have a reported GMP of ₹0. Sahajanand Medical Technologies has yet to announce its price band and lot size in the details provided.
Investors should remember that grey market premiums are unofficial and can change before listing. They should review an IPO’s offer documents, financial performance, valuation and risk factors before making an investment decision.
IT Stocks Rally as TCS Leads Market Recovery
Indian IT shares recorded broad gains on Friday, supported by a rally in Tata Consultancy Services (TCS) after the company reported better-than-expected September-quarter results. The gains came despite news that the United States had suspended eight technology companies, including TCS, Infosys, Wipro, Cognizant and Microsoft, from a programme associated with employment-based green card applications for foreign workers.
TCS shares climbed 4.23% to close at ₹2,163 on the BSE after the company reported a 15% increase in net profit to ₹13,884 crore for the July–September quarter.
Other IT stocks also advanced. Hexaware Technologies rose 5.69%, LTM Ltd gained 4.01%, Infosys increased 3.01%, HCL Technologies added 2.84%, Wipro climbed 2.59% and Tech Mahindra advanced 1.43%.
Together, these companies added ₹65,648.78 crore to their market capitalisation. The BSE IT index gained 2.91% to finish at 27,406.62.
TCS said it did not expect the US action concerning the green card programme to affect its workforce strategy or customer engagements. The company cited the small number of applications it had made under the programme over the previous two years and its focus on local hiring.
Market Experts Assess the IT Sector’s Outlook
Hariselvan Radhakrishnan, founder and CEO of research analyst firm HST Wealth, said stronger-than-expected TCS earnings and buying across IT, banking and financial stocks helped lift the Nifty by 1.30% to 22,520.45.
He noted that IT shares led the recovery despite the US suspension of major technology companies from the PERM programme. According to him, investors appeared reassured by clarification that the restriction concerned the employment-based green card process rather than existing H-1B employment, limiting the immediate operational impact.
Radhakrishnan also pointed to TCS’s profit growth, AI-related revenue and deal wins as factors supporting investor confidence. However, he cautioned that a prolonged suspension could increase localisation and employee-retention costs for Indian IT companies over time.
Disclaimer
This article is for informational purposes only and should not be treated as investment advice. IPO details, price bands, lot sizes and grey market premiums may change. GMP is unofficial and does not guarantee listing performance or returns. Investors should verify the latest information through official exchange filings and offer documents and consult a qualified financial adviser before making investment decisions. Market figures and company statements are reproduced from the information provided in the source material.