₹10,100 Crore IPOs Open Next Week

Next week is set to be a busy one for India's primary market, with three initial public offerings (IPOs) worth over ₹10,100 crore opening for subscription from July 14 to July 16.

The largest of these IPOs is from SBI Funds Management, which plans to raise ₹9,812.91 crore through an Offer for Sale (OFS) at a price band of ₹545-₹574 per share. This IPO comprises 17.09 crore equity shares and is entirely an OFS, meaning the proceeds will go to existing shareholders.

State Bank of India will sell 9.95 crore shares, while Amundi will sell 7.14 crore shares. The company's valuation stands at around ₹1.17 lakh crore. Following a pre-IPO placement with 30 investors, the issue size was reduced from ₹11,692.9 crore to ₹9,812.91 crore.

In addition to SBI Funds Management, two other companies will also launch their IPOs next week. Alpine Texworld, a Gujarat-based textile company, is launching a ₹126.25 crore IPO, which will consist of 1.2 crore fresh equity shares at a price band of ₹100-₹105 per share. The proceeds from this IPO will be used to set up a new weaving unit, increase grey fabric production capacity, repay borrowings, and meet general corporate requirements.

Millworks Technologies, a Bengaluru-based SME company engaged in precision engineering, plans to raise ₹160.3 crore through its IPO. The IPO consists of 48.44 lakh fresh equity shares priced between ₹315 and ₹331 per share. The company will use the funds to purchase plant and machinery, meet working capital needs, and support general corporate purposes.

So far this year, 30 mainboard IPOs have collectively raised ₹24,404 crore. After the listing of SBI Funds Management and Alpine Texworld, the number of mainboard IPOs will rise to 32, while total funds raised will increase to ₹34,343 crore. In the SME segment, 90 companies have raised ₹3,861 crore so far. With Millworks Technologies, the total SME fund mobilisation is expected to reach ₹4,022 crore.

The IPOs of Laser Power & Infra, Devson Catalyst, and Happy Steels will close on July 13, with all three companies scheduled to list on the stock exchanges on July 16. According to market data, Devson Catalyst was subscribed 27.35 times after the first two days, while Happy Steels received a strong response from investors.

The strong IPO activity in 2026 is a positive sign for the Indian stock market, indicating a high level of investor confidence in the country's economy. With several high-profile IPOs lined up for the rest of the year, including those from PhonePe, Zepto, OYO, and boAt, it is likely that the momentum will continue.

In conclusion, the upcoming IPOs of SBI Funds Management, Alpine Texworld, and Millworks Technologies are expected to generate significant interest among investors, and their success will be closely watched by the market. The strong IPO activity in 2026 is a testament to the growing strength of the Indian economy and the increasing attractiveness of the country's stock market to investors.