Upcoming IPOs Next Week: SBI Funds Management, Alpine Texworld, Millworks Technologies Issues To Open; Kusumgar Among Key Listings

The primary market is set for another active week, with three public issues opening for subscription across the mainboard and SME segments. The upcoming IPO calendar for the week beginning July 13 will be led by the ₹11,692.91-crore SBI Funds Management IPO, alongside mainboard issue Alpine Texworld and SME offering Millworks Technologies.

On the listing front, Kusumgar, Laser Power & Infra, Devson Catalyst and Happy Steels are expected to make their stock market debut during the week, subject to the completion of allotment and other regulatory formalities.

SBI Funds Management IPO

The ₹11,692.91-crore SBI Funds Management IPO will open for subscription on July 14 and close on July 16.

The public issue is entirely an offer for sale (OFS) of 20.37 crore equity shares by existing shareholders State Bank of India and Amundi India Holding, meaning the company will not receive any proceeds from the issue.

The price band has been fixed at ₹545 to ₹574 per share, with investors able to bid in lots of 26 equity shares and multiples thereafter.

According to the company's red herring prospectus (RHP), the listing is expected to enhance its brand visibility while providing shareholders with a public market for their holdings.

SBI Funds Management, incorporated in 1993, is India's largest asset management company by assets under management (AUM). It manages a range of equity, debt, hybrid and exchange-traded funds (ETFs).

Alpine Texworld IPO

Textile manufacturer Alpine Texworld will launch its ₹126.25-crore IPO between July 14 and July 16.

The issue comprises a fresh issue of 1.20 crore equity shares, with the company planning to use the proceeds to establish a new weaving unit, repay certain borrowings and meet general corporate requirements.

The IPO carries a price band of ₹100 to ₹105 per share, while one lot comprises 142 equity shares.

Based in Ahmedabad, Alpine Texworld is engaged in dyeing and processing fabrics. For FY26, the company reported a 44.4% increase in revenue from operations to ₹342.71 crore, while net profit rose to ₹21.45 crore from ₹8.58 crore in the previous financial year.

Millworks Technologies IPO

The Millworks Technologies IPO is an SME issue that aims to raise ₹160.34 crore through a fresh issue of 48.44 lakh equity shares.

The issue will remain open from July 14 to July 16.

The company intends to use the proceeds for capital expenditure towards new plant and machinery, working capital requirements and general corporate purposes.

The IPO has a price band of ₹315 to ₹331 per share, with a minimum application of 400 shares. Retail investors will have to apply for at least two lots.

Millworks Technologies manufactures precision-engineered components and assemblies for industries including aerospace, defence, railways, drones, metro rail and semiconductors.

Upcoming IPO Listings Next Week

Apart from fresh issues, investors will also watch the listing of companies that completed their IPO process this week.

The following companies are expected to debut on the exchanges next week:

• Kusumgar

• Laser Power & Infra

• Devson Catalyst

• Happy Steels

What Investors Should Watch

The upcoming week is expected to remain active for the primary market, with the launch of one of the year's biggest IPOs in SBI Funds Management. Investors are likely to track subscription trends, anchor participation, valuation and listing schedules, while also keeping an eye on the debut performance of companies listing during the week.

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