Anchored by the highly anticipated listing of India’s largest mutual fund house, Indian stock exchanges are bracing for an exceptionally busy trading week across both mainboard and SME segments.
MUMBAI — Primary market activity on Dalal Street is set for an intense week starting July 20, with seven companies launching initial public offerings (IPOs) and five firms making their trading debuts across the BSE and NSE.
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Five of the seven upcoming issuers are aiming to collectively mobilize at least ₹5,254 crore, while major industrial players Indo-MIM and Lohia Corp prepare to unveil their final pricing details. Meanwhile, secondary market participants are eyeing the market entry of SBI Funds Management, the country’s largest asset management company, which headlines the listing schedule.
Also Read | Structural Rebalancing: How the HSBC India Flash PMI June 2026 Shapes Monetary Policy
1. Mainboard Offerings: Infrastructure & Precision Manufacturing
The mainboard segment features four substantial public issues spanning infrastructure investment trusts, software solutions, technical textiles, and high-precision component manufacturing.
💰 Mainboard Fundraising Snapshot:
🛣️ Cube Highways Trust InvIT ➔ ₹5,000 Crore (Offer for Sale)
💻 Xtranet Technologies ➔ ₹170 Crore (Fresh Issue)
⚙️ Indo-MIM Limited ➔ ₹500 Crore Fresh Issue + 6.82 Cr OFS shares
🧵 Lohia Corp ➔ 2.59 Crore Equity Shares (OFS Only)
Key Mainboard IPO Details & Capital Allocation
| Company Name | Issue Dates | Price Band / Size | Objects of the Issue |
| Cube Highways Trust | July 22 – July 24 | ₹151 – ₹152 / unit (₹5,000 Cr) | Pure Offer-for-Sale (OFS) converting the private InvIT into a publicly listed entity. |
| Indo-MIM Limited | July 23 – July 27 | Price band: ₹461 – ₹485 | ₹500 Cr fresh capital to repay debt; OFS by Green Meadows, IIT Madras, and founders. |
| Lohia Corp | July 23 – July 27 | Price details pending | Entirely an OFS of 2.59 crore shares by the promoter family. |
| Xtranet Technologies | July 23 – July 27 | ₹120 – ₹127 / share (₹170 Cr) | Debt repayment, system/hardware procurement, working capital, and general corporate uses. |
2. SME Segment Actions & Ongoing Subscriptions
Small and medium enterprise (SME) platforms are seeing three localized public issues tapping retail and institutional capital:
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Gulf Lloyds India: The Ahmedabad-based inspection and certification firm opens its ₹18.19-crore fixed-price issue on July 20 at ₹100 per share for office expansion and debt clearance.
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Metalic Technoforge: Opening July 21 with a price band of ₹72–₹77 per share, the Rajkot forging maker aims to raise ₹50 crore to set up its new Unit IV and upgrade existing facilities.
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Shree Balaji Mala Textiles: The Kolkata saree wholesaler enters the market on July 22 with a ₹18.9-crore fresh issue priced at ₹66–₹70 per share for working capital.
Additionally, ongoing issues are nearing completion: Caliber Mining & Logistics closes its ₹450-crore mainboard IPO on July 21 (subscribed 1.21x), while Sotefin Bharat’s SME offer closes July 20 (subscribed 81%).
Market Debut Calendar: Five Companies Head to Exchanges
The schedule for upcoming listings across primary stock exchanges.
Also Read | Structural Rebalancing: How the HSBC India Flash PMI June 2026 Shapes Monetary Policy
Unofficial Market Sentiment & Premium Trends
Grey market trends reflect diverse investor appetite across the debutants ahead of their listing bell:
📊 Grey Market Premium (GMP) Overview:
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Millworks Technologies: Commanding a massive ~117% premium over its issue price.
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Caliber Mining & Logistics: Trading at a solid ~27% premium.
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SBI Funds Management: Holding steady at a ~16% to 18% premium.
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Sotefin Bharat: Reflecting moderate interest at a ~7% premium.
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Alpine Texworld: Exhibiting flat/muted activity in unlisted trading corridors.
Also Read | Structural Rebalancing: How the HSBC India Flash PMI June 2026 Shapes Monetary Policy
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