Upcoming IPOs next week will bring six mainboard issues to the Indian primary market between September 22 and September 24, 2026.
Together, the six public issues are set to raise around Rs 3,824.61 crore, giving investors a busy week in the IPO segment.
The six companies launching their IPOs are Varmora Granito, ArMee Infotech, Swastika Infra, Elevate Campuses, Adroit Industries (India) and A-One Steels India.
Their subscription windows will run between September 22 and September 28, depending on the issue.
Upcoming IPOs Next Week: Full List
Varmora Granito will be the first mainboard IPO to open, with bidding scheduled from September 22 to September 24.
The tiles and bathware company has fixed its price band at Rs 140 to Rs 148 per share, with an issue size of about Rs 708 crore.
ArMee Infotech will open its IPO on September 23 and close the issue on September 25.
The Gujarat-based IT infrastructure and services provider has fixed the price band at Rs 350 to Rs 375 per share, while the issue size is Rs 300 crore.
Swastika Infra will also open for subscription on September 23.
The Rajasthan-based engineering, procurement and construction company has set a price band of Rs 175 to Rs 185 per share for its Rs 160.87-crore issue.
Six Mainboard IPOs Bring Rs 3,800 Crore
Elevate Campuses will launch its Rs 2,100-crore IPO on September 23.
The company has fixed the price band at Rs 343 to Rs 362 per share, and its public issue will remain open until September 25.
Adroit Industries (India) will also open its IPO on September 23.
The auto-parts maker has set the price band at Rs 126 to Rs 134 per share, while the total issue size is about Rs 150.71 crore.
A-One Steels India will be the sixth mainboard IPO of the week.
Its issue will open on September 24 and close on September 28, with a price band of Rs 385 to Rs 405 per share and an issue size of Rs 405 crore.
IPO Dates and Price Bands
The six IPOs have different subscription periods despite opening within the same three-day window.
Varmora Granito will close on September 24, while ArMee Infotech, Swastika Infra, Elevate Campuses and Adroit Industries will close on September 25.
A-One Steels will remain open until September 28.
The varying closing dates mean investors looking at multiple issues will have to track each IPO separately.
The combined issue size is driven largely by Elevate Campuses’ Rs 2,100-crore offering, followed by Varmora Granito’s Rs 708-crore issue and A-One Steels India’s Rs 405-crore IPO.
What Investors Should Check
Investors considering these upcoming IPOs should check the respective red herring prospectuses for details such as the objects of the issue, financial performance, valuation, risk factors and shareholding structure.
IPO price bands and issue sizes provide basic information about an offering but do not indicate how the shares will perform after listing.
Investors should review the official offer documents and consider their own financial circumstances before applying.
The six mainboard IPOs scheduled for next week add more activity to India’s primary market, with companies from sectors including tiles and bathware, IT infrastructure, power EPC, student accommodation and steel entering the public market.