The Indian stock market is gearing up for a high-voltage week as a record number of companies prepare to go public between July 28 and August 3. With investor interest surging and grey market premiums indicating strong early demand, the week ahead promises action from both big players and promising small businesses. In total, 13 IPOs will open for bidding five from established mainboard firms and eight from the SME sector.
At the forefront of this wave is the National Securities Depository Limited, better known as NSDL, which will finally open its doors to public shareholders. Known as India’s oldest and largest depository, NSDL is a critical part of the country’s capital market infrastructure. Its IPO will be open for subscription from July 30 to August 1, with anchor bidding commencing a day prior. The offer is purely an offer-for-sale valued at over ₹4,011 crore, priced between ₹760 and ₹800 per share. In the unofficial grey market, NSDL shares are reportedly commanding a premium of ₹161, pointing to a potential listing price near ₹946. That translates to nearly 18 percent gain over the issue price.
Adding to the mainboard excitement is Laxmi India Finance, which will open its IPO on July 29 and close on July 31. The offering aims to raise over ₹254 crore through a mix of fresh issue and offer-for-sale. The price band is between ₹150 and ₹158 per share, with the grey market indicating a modest 11 percent premium. This reflects stable investor sentiment and a balanced appetite for financial sector players.
Aditya Infotech is another major entrant this week, launching a ₹1,300 crore public issue from July 29 to July 31. With a higher price band of ₹640 to ₹675 and a healthy grey market premium of ₹225, expectations are high for a strong debut. If the GMP holds, the stock could list at around ₹900, giving investors a gain of more than 30 percent.
Sri Lotus Developers, a company active in real estate and infrastructure, will also open its IPO on July 30, closing on August 1. The issue is a fresh offering of shares worth ₹792 crore. The price band is fixed between ₹140 and ₹150, and the company is reportedly enjoying a GMP of ₹34, indicating strong listing day demand.
Also stepping into the mainboard space is M and B Engineering. Their IPO will run from July 30 to August 1 with a total size of ₹650 crore, priced between ₹366 and ₹385 per share. Grey market chatter indicates a potential listing near ₹425, suggesting around 10 percent upside.
But it is not just the big names making noise. The SME segment is seeing unprecedented activity with eight IPOs lined up. Repono will lead this charge with a ₹26 crore issue opening on July 28. Umiya Mobile is also entering the market the same day with an issue price of ₹66 per share. Kaytex Fabrics, B D Industries, Mehul Colours, Takyon Networks, Cash Ur Drive Marketing, and Renol Polychem are all part of the SME IPO rush, bringing a diverse mix of sectors to the public market.
These companies span sectors from textiles and electronics to chemicals and marketing, with price bands ranging from ₹51 to ₹180 per share. Most of the issues are fresh offerings, meaning the proceeds will be used to fuel business expansion, repay debt, or invest in infrastructure.
Adding to this buzz, 11 companies are also set to list on the exchanges this week, including names like Savy Infra, Monarch Surveyors, GNG Electronics, and IndiQube Spaces. These listings will test the waters for investor mood and determine how well the market absorbs the ongoing IPO momentum.
This flood of public offerings reflects the growing confidence among Indian businesses and investors alike. With stock market indices staying strong and liquidity remaining robust, both institutional and retail investors are expected to participate heavily in these offers. From tech-driven companies to infrastructure players and financial services firms, the wide variety of IPOs also offers investors an opportunity to diversify their portfolios.
If this upcoming week delivers on its promise, it could be one of the most exciting stretches for the Indian primary market this year. But as always, while grey market premiums provide a hint of sentiment, it is important to read offer documents, evaluate fundamentals, and invest based on individual risk appetite.
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