Current IPO Landscape in India (As of October 14, 2026)
As of October 14, 2026, India hosts four active Initial Public Offerings (IPOs), namely Fusion CX Limited, HD Fire Protect Limited, Ravita Engineering Services Limited, and Vaibhav Vyapaar Limited. These offerings encompass both mainboard and Small and Medium Enterprises (SME) segments, each with distinct bidding timelines and varying subscription metrics.
Subscription Analysis (October 14, 2026)
Based on the latest data from the National Stock Exchange (NSE), HD Fire Protect Limited leads the subscription rates with an impressive 11.01 times, followed by Ravita Engineering Services Limited at 1.05 times. In contrast, Fusion CX Limited currently stands at 0.30 times, while Vaibhav Vyapaar Limited records a subscription rate of 0.43 times. These figures are reflective of the provided snapshot and are subject to change as ongoing bids are updated.
IPO Subscription Status
| Company | Segment | Opening Date | Closing Date | Subscription |
|---|---|---|---|---|
| Fusion CX Limited | Mainboard | October 14 | October 16 | 0.30x |
| HD Fire Protect Limited | Mainboard | October 13 | October 15 | 11.01x |
| Ravita Engineering Services Ltd | SME | October 14 | October 16 | 1.05x |
| Vaibhav Vyapaar Limited | SME | October 13 | October 15 | 0.43x |
Note: The subscription multiple compares demand against shares offered or reserved under the reported methodology. Investors are encouraged to assess the timestamp and investor-category breakdown prior to making cross-issue comparisons.
Fusion CX IPO Details
The IPO for Fusion CX Limited commenced on October 14 and will conclude on October 16, 2026. The pricing range is set between ₹275 and ₹289 per share, with a total issue size estimated at ₹702 crore. This offering encompasses a fresh share issuance as well as an offer for sale from existing shareholders. Proceeds raised are allocated for specified corporate initiatives, including debt repayment and investments in operational efforts and subsidiary development. As per the latest snapshot, the subscription level is currently at 0.30 times.
HD Fire Protect IPO Overview
HD Fire Protect Limited’s IPO opened on October 13, 2026, with a closing date set for October 15. The issue price is noted at ₹258 to ₹271 per share, totaling approximately ₹712.31 crore. The subscription has reached 11.01 times, showcasing substantial investor interest. However, it is important to note that demand can vary by investor category, and the total subscription figure may be subject to fluctuations as the bidding process advances. High demand does not ensure favorable listing gains or determine the perceived valuation of the offering.
Ravita Engineering Services IPO Highlights
Ravita Engineering Services Limited’s SME IPO opened on October 14, with bids closing on October 16, 2026. The price range is stipulated between ₹105 and ₹112 per share, with an overall issue size of approximately ₹116.05 crore. As per the current snapshot, the subscription stands at 1.05 times. Investors should conduct thorough assessments of the company’s financial standing, valuations, issue objectives, and trading liquidity alongside the subscription data.
Vaibhav Vyapaar IPO Insights
Vaibhav Vyapaar Limited launched its SME IPO on October 13, 2026, with the closing date set for October 15. The issue price is listed from ₹51 to ₹54 per share, aggregating approximately ₹42.10 crore. The latest subscription data indicates a level of 0.43 times, suggesting that bids have not yet met the total shares offered as per the calculation model at the time. This subscription metric is likely to evolve before the conclusion of the offering.
Investor Recommendations
- Monitor Subscription Rates: Keep abreast of total and category-specific demand, noting the timestamp for accuracy.
- Review Price Bands and Issue Sizes: Confirm these details through official offer documentation.
- Analyze Company Fundamentals: Assess the issuer’s financial performance, market valuations, inherent risks, and the intended deployment of funds.
- Be Aware of SME Trading Risks: Acknowledge potential liquidity constraints and post-listing price fluctuations.
- Stay Informed on Allotment and Listing Timelines: Regularly check for updates regarding key dates.
Investors can track ongoing demand via the IPO subscription tracker and check allotment status through the IPO allotment status page.
Conclusion
As of October 14, 2026, there are four active IPOs in the Indian market. The current subscription snapshot reveals HD Fire Protect Limited at 11.01 times, while Ravita Engineering Services Limited is at 1.05 times. Fusion CX and Vaibhav Vyapaar Limited are below full subscription figures.
These statistics represent a specific moment in bidding activity. Investors should verify real-time exchange data and peruse official offer documents prior to investment decisions, as subscription levels alone do not offer a comprehensive outlook on future performance or returns.
Disclaimer: This communication serves exclusively for informational and educational purposes and should not be construed as investment advice or an endorsement to participate in any IPO. Subscription metrics are time-sensitive and reflect the stated snapshot. All potential investors should independently confirm issue details with recognized exchanges, official documentation, and appropriate intermediaries prior to executing any investment decisions.
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