Record-Breaking Week Ahead: 20 New IPOs Set to Launch for Subscription!

India’s primary market is set for a bustling week as 20 IPOs are scheduled to open for subscription, aiming to raise a combined ₹1,292 crore. The four mainboard IPOs, including SRIT India, Vishal Nirmiti, Nityas Gems & Jewellery, and Shah Investor’s Home, collectively seek to raise ₹595 crore, while 16 companies in the SME segment will target approximately ₹697 crore. SRIT India, the largest mainboard offering, plans to raise ₹218 crore through a fresh issue of 1.68 crore shares, with an opening date of September 28 and a closing date of September 30.

The pricing of SRIT India’s IPO is set between ₹123-130 per share, with a minimum retail application amounting to ₹14,950 at the upper price band. The company, based in Bengaluru, specializes in IT and IT-enabled services for various sectors. With a 15% revenue growth and a 29% rise in profit after tax projected for FY26, the offering reflects positive financial momentum. In comparison, Vishal Nirmiti’s and Nityas Gems & Jewellery’s IPOs will also open on September 30 with attractive price bands and their own positive financial outlooks, while Shah Investor’s Home has seen pressure in its FY26 numbers with declining revenues and profits.

The grey market sentiment for these IPOs offers further insights into investor expectations. Historically, strong financials and competitive pricing drive positive sentiment, potentially enhancing demand in the grey market. For retail investors, this week presents a significant opportunity to diversify portfolios, but they should remain cautious about the broader market context and the individual performance of these companies. Monitoring the subscription rates and market response intently will be crucial for evaluating long-term investment prospects in this busy IPO week.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)