ipo Bearish
IPO GMP: Zetwerk vs HD Fire Protect vs Fusion CX vs Bonfiglioli vs Tonbo? Check grey market premium winner

Six IPOs are opening in India between 13 and 15 October. Tonbo Imaging leads grey-market estimates with a 60.71% implied listing premium, followed by HD Fire Protect at 31.37% and Bonfiglioli Transmissions at 26.45%. Fusion CX has the weakest indicated premium, at 6.57%.
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