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

Tonbo Imaging leads the grey-market premium estimates for upcoming initial public offerings (IPOs) in India, with an implied listing premium of 60.71%.

HD Fire Protect and Bonfiglioli Transmissions follow with 31.37% and 26.45% respectively.

Fusion CX has the lowest indicated premium, at 6.57%.

The article does not provide specific details about the companies or the reasons behind the varying premiums.