The IPO market this week is bustling with activity as 10 new issues open for subscription and alongside 7 listings on the bourses. With companies from tech, retail, metals, and real estate entering the market, investors are expecting a lively phase in India’s primary market.
India’s primary market is under the regulation of The Securities and Exchange Board of India (SEBI), and it is the main avenue for raising capital in the country. Through Initial Public Offerings (IPOs), businesses get the money directly from investors to increase production, pay off their liabilities, or spark creativity.
In 2025, the market will be characterized by strong presence from both institutional and retail investors. The momentum of this week keeps alive, offering various opportunities to invest.
IPO Market This Week: Key Highlights
10 new public issues with a worth of several thousand crores and 7 companies debuting on the exchanges will be seen by the IPO market this week. Moreover, these go in line with the mainboard IPOs and SME IPOs, reflecting balanced participation.
- Mainboard IPOs: Urban Company, Shringar House of Mangalsutra, Dev Accelerator
- SME IPOs: Krupalu Metals, Nilachal Carbo Metalicks, Karbonsteel Engineering, Taurian MPS, Jay Ambe Supermarkets, Airfloa Rail Technology, LT Elevator
With this pipeline, the hoop of interest is pulling the investors to all the sectors, be it consumer tech, retail, industrials, or infrastructure.
Mainboard IPOs Opening This Week
- Urban Company IPO
Urban Company, a leading home and beauty services marketplace based in Gurugram, is raising ₹1,900 crore. The issue comprises a fresh one of ₹472 crore and a sale by early investors of ₹1,428 crore. The price range is set at ₹98–103 per share.
The company is expected to utilize the new money for technology-related investment, expansion of geographical areas, and service innovation. As it is with other digital-first companies, one of the first things investors will be looking at in Urban Company’s IPO is customer acquisition cost (CAC) and lifetime value (LTV).
- Shringar House of Mangalsutra IPO
Shringar House of Mangalsutra, a Mumbai-based company that designs and manufactures mangalsutras for multiple brands, is aiming at collecting ₹401 crore via a complete fresh issue of 2.43 crore shares, with a price band of ₹155–165 per share.
The money raised will go in the company’s hands to expand production facilities and brand development which will eventually help to tap the Indian jewelry market that is growing.
- Dev Accelerator (DevX) IPO
DevX, a flexible workspace provider from Ahmedabad, is launching a ₹143.35 crore IPO to enter the mainboard. The company will sell 2.35 crore shares at the maximum price band of ₹61 per share.
Money raised will be used for the expansion of co-working, upgradation of technology infrastructure, and meeting working capital requirements. With the growing popularity of hybrid work models, DevX aims to attract corporate and startup clients not only in Ahmedabad but all over India.
SME IPOs in Focus This Week
This week, the IPO market has a full calendar of events on the SME platforms (NSE Emerge and BSE SME).
- Krupalu Metals: Brass and copper products maker is going public with an IPO of ₹13.48 crore at ₹72 per share.
- Nilachal Carbo Metalicks: The company specialized in the production of ferro alloy grade coke proposes to issue ₹56.10 crore equity shares at ₹85 each.
- Karbonsteel Engineering: The company wants to raise ₹59.3 crore with a price band of ₹151–159 per share.
- Taurian MPS: IPO launched to raise ₹42.53 crore at a price band of ₹162–171 per share.
- Jay Ambe Supermarkets: The retail chain under City Square Mart brand is going public with a ₹18.45 crore issue at ₹74–78 per share.
Also Read: Upcoming IPOs in September: Market Set for Action
- Airfloa Rail Technology: Indian Railways product supplier is issuing ₹91.1 crore worth of shares at ₹133–140 per share.
- LT Elevator: New issue of 50.48 lakh shares is scheduled to open on September 12.
The IPOs of these SMEs highlight how diverse the Indian market is becoming, allowing investors to access new businesses.
IPO Market This Week: Upcoming Listings
Besides the new issues, 7 companies are debuting on the stock exchanges:
- Amanta Healthcare (Mainboard) – September 9
- Rachit Prints (BSE SME) – September 8
- Goel Construction Company (SME) – During the week
Also Read: Goel Construction IPO Allotment Likely to Be Finalized Today
- Optivalue Tek Consulting (SME) – During the week
- Austere Systems (SME) – During the week
- Vigor Plast India (SME) – During the week
- Sharvaya Metals (SME) – During the week
These IPOs provide early indications of possible valuations and overall market conditions.
Investor Perspective
The sharp increase of IPO offerings on one hand and the market consolidating on the other, suggests that investor appetite remains strong. As a result, retail and institutional investors will be able to choose from safer or more risky options, depending on their risk tolerance and preferences.
Some of the most important considerations perimeter for investors that this week play are:
- Initial public offering (IPO) fundamentals such as revenue growth and profitability.
- Valuation metrics against equivalent companies.
- Sectoral expectations, especially for consumer tech, metals, and retail industries.
- The subscription data that acts as a measure of how strong demand is.
For long-term investors, the IPOs this week may offer exposure to emerging leaders in niche markets, while short-term investors may focus on listing gains.
Professional Wrap-Up
It shows great strength of the Indian primary market to have the IPO activity so high and continuous, as is the case this week. With 10 IPOs scheduled to open and 7 listings lined up, we are witnessing one of the year’s most active periods. The combination of the mainboard giants, such as Urban Company, and of niche SMEs gives investors the opportunity to play across sectors and sizes.
The near time market emotion will largely depend on how far the offerings will be eagerly greeted, but it will also be a significant signal of the depth of capital markets as India continues its upward course.
FAQ’s
What is an IPO?
An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time, allowing it to raise capital from investors.
What are SME IPOs?
SME IPOs are public offerings from small and medium enterprises, listed on SME platforms of BSE or NSE. These are generally smaller in size but can offer higher growth potential.
How can investors apply for an IPO?
Investors can apply via ASBA (Application Supported by Blocked Amount) through their bank or trading platforms provided by brokers.
How risky are SME IPOs compared to mainboard IPOs?
SME IPOs tend to be riskier due to smaller business sizes, lower liquidity, and limited financial history. However, they can provide higher returns if the business scales successfully.
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