# IPO GMP Race: Zetwerk vs Sahajanand

> Tonbo Imaging's IPO price could jump 72% after strong demand.
- Title: IPO GMP Race: Zetwerk vs Sahajanand · mint | Shortify
- Summary: Tonbo Imaging's IPO price could jump 72% after strong demand. Tonbo Imaging shares may list at ₹1,205, 72.14% above IPO price of ₹700.
- Keywords: zetwerk, sahajanand, bonfiglioli transmissions, tonbo imaging, ipo, grey market premium, listing price prediction, stock market, money, business, GMP, Race
- Source: mint — https://livemint.com/market/ipo/ipo-gmp-race-zetwerk-vs-sahajanand-vs-bonfiglioli-transmissions-vs-tonbo-imaging-check-share-listing-price-prediction-11792318401392.html
- Author: Dhanya Nagasundaram
- Published: 2026-10-18T11:20:14+00:00
- Read time: 1 min
- Topics: zetwerk, sahajanand, bonfiglioli transmissions, tonbo imaging, ipo, grey market premium, listing price prediction, stock market, money, business
## IPO Demand
Tonbo Imaging drew strongest interest with 7.77 times subscription on Friday.

> 7.77 times subscription
## Zetwerk Response
Zetwerk attracted least interest at 31% subscription on Friday.

> 31% subscription
## Bonfiglioli Subscription
Bonfiglioli Transmissions subscribed 99% of shares on Friday.

> 99% subscription
## Sahajanand Subscription
Sahajanand Medical Technologies subscribed 82% of shares on Friday.

> 82% subscription
## Zetwerk GMP
Zetwerk's grey market premium is +7, estimated listing price ₹158.

> +7
## Sahajanand GMP
Sahajanand's grey market premium is +22, estimated listing price ₹366.

> +22
## Bonfiglioli GMP
Bonfiglioli's grey market premium is +129, estimated listing price ₹715.

> +129
## Tonbo GMP
Tonbo Imaging's grey market premium is +505, estimated listing price ₹1,205.

> +505
## IPO Closing Date
All four IPOs close on Monday, 19 October 2026.

> 19 October 2026
## Key takeaway

Tonbo Imaging shares may list at ₹1,205, 72.14% above IPO price of ₹700.