NEW DELHI: Five companies are set to launch their initial public offerings (IPOs) next week, seeking to raise close to Rs 2,600 crore from the primary market.The upcoming issues include EAAA India Alternatives, SFC Environmental Technologies, M K Sons Fine Jewels, BLS Polymers and Bombay Coated and Special Steels, with subscription windows opening between October 26 and October 29.The IPOs will give investors exposure to sectors including alternative investments, polymers, steel processing, wastewater treatment and jewellery retail.The companies are tapping the primary market to raise funds for business expansion, working capital requirements and debt repayment, while some existing shareholders are looking to monetise their holdings.
Five IPOs to open next week
EAAA India Alternatives: An arm of Edelweiss Financial Services, the company will open its Rs 1,200-crore IPO on October 26 and close it on October 28.
The price band is Rs 1,585-1,665 per share, valuing the company at Rs 10,765 crore at the upper end. The issue is entirely an offer for sale (OFS) by the Edelweiss Group, so the company will not receive any proceeds. It has already raised around Rs 360 crore from anchor investors.SFC Environmental Technologies: The wastewater treatment solutions provider will launch its Rs 668-crore IPO, closing on October 29. The price band is Rs 313-330 per share, valuing the company at around Rs 3,233 crore at the upper end.
The issue comprises a fresh issue of equity shares worth Rs 150 crore and an OFS of up to 1.57 crore shares by promoters and existing shareholders. Proceeds from the fresh issue will be used for debt repayment and working capital requirements.M K Sons Fine Jewels Ltd: The jewellery retailer will open its Rs 275.4-crore IPO on October 28 and close it on October 30. The price band is Rs 153-162 per share. The issue comprises a fresh issue of 1.36 crore equity shares and an OFS of 34 lakh shares by promoter selling shareholder Ramchand Murlidhar Raimalani.
The net proceeds will fund inventory requirements for setting up a new showroom in Maharashtra and expanding an existing showroom in Gujarat, besides repaying or prepaying certain borrowings and meeting general corporate expenses.BLS Polymers Ltd: The company will launch its Rs 255-crore IPO on October 27, with the issue closing on October 29. The price band is Rs 142-150 per share, and the offering comprises a fresh issue of 1.7 crore equity shares.
Of the proceeds, Rs 77.56 crore will be used to expand its manufacturing facility and increase production capacity, while Rs 89.5 crore will go towards working capital requirements. The remaining amount will be used for general corporate purposes.Bombay Coated and Special Steels Ltd: The company will open its Rs 183.1-crore IPO on October 29 and close it on November 2. The price band is Rs 78-82 per share, and the issue comprises an entirely fresh offering of equity shares.
The company plans to use Rs 125 crore to repay or prepay certain borrowings and Rs 15.7 crore to finance the acquisition cost of capital equipment under existing lease arrangements with Siemens Financial Services. The remaining proceeds will be used for general corporate purposes.
More companies in the IPO pipeline
Several other companies are preparing to enter the primary market, including Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech and AGS Health, according to merchant bankers.These companies are expected to announce their price bands and IPO launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat. Markets and business activity in the state are likely to be affected by the post-Diwali observance of Labh Pancham from November 6 to 15, merchant bankers said.The upcoming IPOs follow a busy month for the primary market, which saw Jio Platforms launch the country's biggest-ever public issue, worth Rs 30,213 crore.So far in 2026, as many as 104 companies have raised over Rs 1.4 lakh crore through IPOs, indicating continued activity in the primary market. The five upcoming offerings are expected to add to this activity as companies seek to raise funds and existing shareholders look to monetise their holdings.