India’s primary market will see intense activity from July 7, 2025, as six new IPOs and nine company listings—across both mainboard and SME segments—are lined up. Major offerings include Travel Food Services and Smartworks Coworking Spaces on the mainboard, while SME investors will witness offerings from Smarten Power Systems, Chemkart India, GLEN Industries, and Asston Pharmaceuticals. Notably, Crizac will debut on July 9 after its IPO was subscribed 60 times.
India’s financial markets are set for a high-octane week with six new initial public offerings (IPOs) and nine company listings scheduled between July 7 and July 14. The activity spans both the mainboard and SME (Small and Medium Enterprises) segments, making it one of the busiest periods of FY25 so far.
At the forefront of the mainboard segment is Travel Food Services, an airport-focused quick-service restaurant operator. Backed by the Kapur Family Trust, its ₹2,000 crore IPO opens on July 7 and closes on July 9, with a price band set at ₹1,045–₹1,100 per share. The entire offering is an offer-for-sale.
Joining the action on July 10 is Smartworks Coworking Spaces, India’s fast-growing workspace solutions provider. Its IPO includes a fresh issue worth ₹445 crore and an offer-for-sale of 33.8 lakh shares by promoters. The issue closes on July 14.
SME Segment Sees Multiple Offers
The SME platform will see a flurry of four IPOs:
- Smarten Power Systems, an inverter manufacturer, opens its fixed-price issue of ₹50 crore from July 7 to July 9.
- Chemkart India, a food and health ingredient distributor, opens its book-built IPO of ₹80 crore on the same dates with a price band of ₹236–₹248.
- GLEN Industries’ ₹63 crore IPO will open on July 8 and close on July 10, with a price band of ₹92–₹97.
- Asston Pharmaceuticals opens its ₹27.6 crore IPO on July 9, closing on July 11, with a price band of ₹115–₹123.
Also entering the market is CFF Fluid Control, a BSE-listed company offering a follow-on public issue worth ₹87.75 crore from July 9, at ₹585 per share.
Listings Galore
On the listing front, five SME companies will debut on July 7:
- Marc Loire Fashions and Vandan Foods on BSE SME,
- Pushpa Jewellers, Cedaar Textile, and Silky Overseas on NSE Emerge.
In the mainboard segment, Crizac Limited will debut on July 9, following an oversubscribed IPO by 60 times, and trading at a 17% premium in the grey market.
Meanwhile, Cryogenic OGS, Meta Infotech, and Happy Square Outsourcing Services will wrap up their IPOs early in the week, with respective listings on July 10 and 11. So far, they’ve seen strong subscription interest.
Market Outlook
With both institutional and retail investors showing increased participation, this upcoming week is expected to serve as a strong indicator of market sentiment. India’s robust IPO pipeline signals confidence across sectors ranging from infrastructure and food tech to pharma and clean energy.