Dalal Street is buzzing with activity as the week commencing September 21, 2026, ushers in a flurry of initial public offerings (IPOs). A total of seven new issues are scheduled to open for subscription, seeking to collectively mobilize over ₹4,900 crore from investors, signaling robust confidence in India's primary markets.
This surge in market activity follows a period of heightened interest in small and mid-cap segments, a trend acknowledged by Christopher Wood, Head of Equity Strategy at Jefferies. He noted India's vibrant market offers numerous intriguing companies and themes, despite the consistent supply capping index movements.
Seven Major IPOs Launching This Week
Investors will have multiple opportunities to participate across various sectors. Here's a breakdown of the key offerings:
Varmora Granito IPO
Manufacturer of ceramic and vitrified tiles, Varmora Granito, will open its IPO on Tuesday, September 22, and close on Thursday, September 24. The company aims to raise ₹708 crore with shares priced between ₹140-148, offering a lot size of 101 equity shares.
Elevate Campuses IPO
Operating in education infrastructure, Elevate Campuses is set to launch its ₹2,100 crore IPO from September 23 to September 25. The company specializes in student accommodation for higher education and K-12 school assets. Shares will be offered at ₹343-362 apiece, with a minimum bid of 41 shares.
ArMee Infotech IPO
IT infrastructure solutions provider ArMee Infotech will conduct its IPO from September 23 to September 25, seeking to raise ₹300 crore. The price band is fixed at ₹350-375 per share, with investors able to bid for a minimum of 40 shares.
Swastika Infra IPO
EPC solutions provider Swastika Infra, focusing on power transmission and distribution, will be open for subscription from September 23 to September 25. The company plans to raise ₹161 crore, with shares priced at ₹175-185 and a lot size of 81 shares.
Adroit Industries (India) IPO
Adroit Industries, a manufacturer of propeller shafts and torque-transmission components, aims to raise ₹151 crore. Its IPO will run from September 23 to September 25, with shares in the ₹126-134 price band and a minimum lot of 111 equity shares.
A-One Steels India IPO
A-One Steels India will enter the primary market on September 24, with its IPO closing on September 28. The company seeks to mobilize ₹405 crore, offering shares in the ₹385-405 range, with retail investors bidding for at least 37 shares per lot.
Moneyview IPO
Digital lending platform Moneyview, backed by prominent global investors like Accel and Tiger Global, will open its IPO on September 24 and close on September 28. The issue size is ₹1,092 crore, with shares priced at ₹32-34 per share and a minimum application lot of 441 shares.
Upcoming Listings and Market Outlook
In addition to these new issues, the week will also see several companies making their stock market debuts. Manika Plastech already listed on Monday, while Hero Motors, SS Retail, and Jindal Supreme (India) are scheduled for Wednesday. National Stock Exchange of India (NSE) and Sonaselection India are expected to list on Thursday, September 24.
This busy calendar underscores a vibrant period for India's capital markets, offering diverse investment opportunities across various sectors.