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Four IPOs Close Subscription with Mixed Demand and Varying Grey Market Premiums

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Four IPOs Close Subscription with Mixed Demand and Varying Grey Market Premiums

Analysed 19 Oct 2026·6 sources analysed·India·Business
Four IPOs Close Subscription with Mixed Demand and Varying Grey Market PremiumsPreviousNext

Four IPOs—Tonbo Imaging India, Bonfiglioli Transmissions, Sahajanand Medical Technologies, and Zetwerk Manufacturing Business—are concluding their subscription periods by October 19, 2026. Tonbo Imaging leads with strong demand, subscribing over 7.7 times and a grey market premium (GMP) of 74, while Bonfiglioli and Sahajanand show moderate interest with GMPs of 22 and 7 respectively. All are offer-for-sale issues, with listing expected on October 23. Subscription levels vary across investor categories, reflecting mixed market responses.

Sentiment
54%
TBN's observations

First-hand measurement across 6 sources

We measured how 6 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (54/100). Lens Score 41/100.

Outlets measured: moneycontrol, moneycontrol, economictimes, economictimes, economictimes, mint. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 6 sources · Published under editorial oversight by The Balanced News
Analysed 19 Oct 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (54/100)

Sentiment was consistent across outlets (50–65/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

mint broke this story on 18 Oct, 11:20 am. Other outlets followed.

18 Oct, 11:20 am6 sources · 18 h19 Oct, 05:12 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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  1. 1
    mint18 Oct, 11:20 am
    IPO GMP race: Zetwerk vs Sahajanand vs Bonfiglioli Transmissions vs Tonbo Imaging - check share listing price prediction Stock Market News
  2. 2
    economictimes19 Oct, 03:31 am
    Tonbo Imaging India IPO Day 3: GMP at 74 , issue subscribed over 7x. Check key details
  3. 3
    economictimes19 Oct, 04:24 am
    Bonfiglioli Transmissions IPO Day 3: GMP at 22 , issue subscribed 99 ; Should you apply?
  4. 4
    economictimes19 Oct, 04:24 am
    Sahajanand Medical Technologies IPO Day 3: GMP at 7 ; check subscription status and key details
  5. 5
    moneycontrol19 Oct, 04:53 am
    Tonbo Imaging India IPO subscribed 10x so far on Day 3; GMP jumps to 75 - Moneycontrol.com
  6. 6
    moneycontrol19 Oct, 05:12 am
    Bonfiglioli Transmissions IPO booked over 2x so far on Day 3; check latest GMP- Moneycontrol.com

Who's involved

Institutions and figures named across source coverage.

Corporate
KFin TechnologiesBonfiglioli S.p.A.JM FinancialIIFL Capital ServicesTonbo Imaging India Limited

Story context

Category
Business
Location
India
Sources analysed
6
Last analysed
19 Oct 2026
Key entities
Gross metropolitan productGrey marketInitial public offeringCroreIndian rupeeIndiaShareholderNational Stock Exchange of IndiaCommon stockInvestorBombay Stock ExchangeLakh