Business
Archived — This article has been archived. The information may be outdated.
Six IPOs draw investor attention this week
The Economic Times··12 Jul
India's IPO market stays active with six issues on investor radar across mainboard and SME segments this week. SBI Funds Management's mainboard IPO is priced at Rs 574 per share with a grey market premium of Rs 88, implying about 15 percent listing gains. Millworks Technologies' SME issue shows the highest GMP at Rs 390 against Rs 331 issue price.
Prism
What It Means For You
- If you apply for IPOs this week, overlapping subscription windows for SBI MF, Alpine Texworld and SME issues require tracking separate opening and closing dates.
- Mutual fund investors may watch SBI Funds Management's Rs 574 pricing and post-listing performance because it is India's largest asset management company listing.
- SME IPO applicants face higher volatility; Millworks' Rs 390 GMP on a Rs 331 price implies very different risk from Alpine Texworld's Rs 2 premium at Rs 105.
What's Happening
- SBI Funds Management leads mainboard offerings with an Rs 88 grey market premium on the Rs 574 issue price, about 15.33 percent implied gain.
- Millworks Technologies commands the strongest SME interest with Rs 390 GMP against Rs 331 issue price, near 118 percent implied listing upside.
- Laser Power and Infra is 1.05 times subscribed while open; Devson Catalyst and Happy Steels are set to list on July 16 with GMPs of 38 and 21 percent.
The Numbers Behind It
- India's primary market has remained busy through 2026 with both large financial institution listings and smaller SME debuts running in parallel.
- Grey market premiums reflect unofficial pre-listing demand and do not guarantee actual listing day returns for retail investors.
- SBI Funds Management's IPO comes as FPIs returned to Indian equities in July with Rs 15,157 crore inflows, improving broader market sentiment.
all-news
