Upcoming IPOs Next Week: Kusumgar, Happy Steels, Devson Catalyst to Open; 10 IPO Listings To Watch Out For

The primary market is set for another busy week, with one mainboard public issue and two SME IPOs scheduled to open for subscription. Alongside the fresh offerings, investors will also watch a packed listing calendar, with 10 companies expected to debut on the stock exchanges.

IPOs Opening Next Week

The week's mainboard activity will be led by Kusumgar, while SME issues from Happy Steels and Devson Catalyst are also slated to open for bidding. Together, the three offerings span sectors ranging from technical textiles and engineering components to industrial catalysts.

Kusumgar IPO

Kusumgar's ₹650 crore initial public offering will open for subscription from July 8 to July 10. The book-built issue is entirely an offer for sale (OFS) of 1.55 crore equity shares by existing promoters, with no fresh issue component. The price band has been fixed at ₹398-419 per share, while investors can bid in lots of 35 shares.

The Mumbai-based company manufactures engineered synthetic fabrics used across aerospace and defence, automotive, industrial and outdoor lifestyle applications. According to its red herring prospectus (RHP), the listing is expected to improve visibility, enhance the company's brand and provide liquidity to existing shareholders.

Devson Catalyst IPO

Industrial catalysts and adsorbents manufacturer Devson Catalyst will launch its ₹42.34 crore IPO between July 9 and July 13. The issue comprises a fresh issue of ₹39.39 crore and an offer for sale of ₹2.95 crore by existing shareholders. The price band has been fixed at ₹112-118 per share.

The company plans to use the proceeds from the fresh issue to establish a new manufacturing unit, fund working capital requirements and meet general corporate purposes. Retail investors will have to apply for a minimum of two lots, or 2,400 shares.

Happy Steels IPO

The Happy Steels IPO will also open on July 9 and close on July 13. The SME issue, worth ₹25 crore, consists entirely of a fresh issue of 38.5 lakh equity shares and carries a price band of ₹62-66 per share.

The company manufactures forged and machined transmission and driveline components. It intends to utilise the IPO proceeds for purchasing additional plant and machinery, repaying debt and supporting general corporate requirements. The minimum application size for retail investors is two lots, equivalent to 4,000 shares.

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IPO Listings Next Week

Apart from the fresh issues, the week will also see 10 companies make their stock market debut. Scheduled listings include Aastha Spintex, Knack Packaging, Adon Agro Commodities, Teja Engineering Industries, Kratikal Tech, Vinit Mobile, Atharva Polyplast, Seemax Resources, Sampark India Logistics and IC Electricals.

The steady pipeline of both mainboard and SME offerings suggests that activity in the primary market remains healthy. Investors are likely to track subscription demand, allotment trends and listing performance closely as new companies continue to tap the capital markets.