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Business & Stocks Business Standard • Oct 12, 2026

Zetwerk, Bonfiglioli Transmissions, Tonbo, SMT IPO Price Bands Announced: Combined ₹8,827 Crore Public Issues Set to Open October 15

💡 Key Takeaways

•Four IPOs worth ₹8,827 crore set to open on October 15
•ICICI Prudential AMC posts 6.1% rise in Q2 net profit
•Alpha Wave divests 1.52% stake in omnichannel eyewear firm Lenskart

NEW DELHI [NCRBuzz Wire] — **Four major corporate entities are poised to launch initial public offerings with a combined fundraising target of ₹8,827 crore, scheduled to open for subscription on October 15.** The upcoming primary market wave features public issues from manufacturing and tech-enabled platforms Zetwerk, industrial gear maker Bonfiglioli Transmissions, defense tech firm Tonbo, and medical technology company SMT. Investors are currently evaluating the price bands and lot sizes as primary market activity accelerates ahead of the festive season.

### Primary Market Offerings & Corporate Earnings Breakdown

**Concurrently, the broader financial sector witnessed significant corporate updates including institutional stake sales and robust quarterly earnings growth.** ICICI Prudential AMC reported a 6.1% increase in its Q2 net profit, underscoring resilient asset management fee income and stable equity inflows. In secondary market transactions, private equity investor Alpha Wave successfully divested a 1.52% equity stake in omnichannel eyewear major Lenskart.

| Metric / Aspect | Details |

|---|---|

| Combined IPO Issue Size | ₹8,827 Crore |

| IPO Launch Date | October 15 |

| Participating Firms | Zetwerk, Bonfiglioli Transmissions, Tonbo, SMT |

| ICICI Prudential AMC Q2 Profit Growth | 6.1% QoQ |

| Alpha Wave Lenskart Stake Sale | 1.52% Equity Stake |

**Market analysts note that the simultaneous opening of these four public issues will test domestic institutional and retail liquidity depth.** Capital market regulators and exchanges have cleared the final observation documents, enabling issuers to lock in their price bands and anchor investor allocation schedules. Retail and institutional participants are advised to examine the red herring prospectuses thoroughly for risk factors and debt-to-equity ratios before committing capital.

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🏛️ Background Context

The Indian primary equity market continues to experience robust fundraising momentum, driven by strong domestic mutual fund inflows and aggressive retail participation across manufacturing, tech, and defense sectors.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What is the total size and launch date of the upcoming IPOs?

Four IPOs with a combined issue size of ₹8,827 crore are scheduled to open for subscription on October 15.

Q2: Which companies are launching their public issues in this wave?

The participating companies in this primary market wave are Zetwerk, Bonfiglioli Transmissions, Tonbo, and SMT.

Q3: What were the key financial and corporate updates reported alongside the IPO news?

ICICI Prudential AMC reported a 6.1% rise in Q2 net profit, and Alpha Wave divested a 1.52% equity stake in Lenskart.

Verified Wires: Business Standard Original Wire Dispatch ↗

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