IPO

Shares of Avana Electrosystems are set to make their stock market debut today, January 20, on the NSE SME platform, with grey market trends indicating a premium listing.Ahead of the debut, the company’s IPO is commanding a grey market premium of around 17 percent. The SME issue was priced at Rs 59 per share and closed for subscription on January 14 after attracting strong demand across investor categories.GMP Indicates Higher Listing Price Based on the prevailing grey market premium, Avana Electrosystems shares are indicated to list in the range of Rs 69 to Rs 70 per share. Grey market activity is unofficial and subject to change closer to the actual listing, but it reflects positive investor sentiment ahead of the debut.GMP Note...

Mumbai, January 20, 2026 – Logistics services provider Shadowfax Technologies Limited has raised Rs 856 crore from anchor investors, a day ahead of the opening of its initial public offering for public subscription. The anchor allocation was finalised on Monday, January 19, 2026, at the upper end of the IPO price band. Anchor Allocation Details Shadowfax allotted 6,90,33,955 equity shares to anchor investors at Rs 124 per share, including a share premium of Rs 114 per share. The anchor round saw participation from a diversified mix of domestic and global institutional investors spanning mutual funds, insurance companies, pension funds, and foreign institutions. Key Anchor Investors The anchor book included leading names such as Nippon...

Investor enthusiasm sets positive tone for value unlocking plans The strong investor response to the initial public offering of Bharat Coking Coal Ltd has strengthened confidence within Coal India Ltd, providing fresh momentum as the company evaluates stock market listings for its other subsidiaries.The IPO of Bharat Coking Coal, a wholly owned arm of Coal India, was fully subscribed within minutes of opening for bidding on January 9. The issue continued to attract sustained demand through the bidding period, ultimately closing with an overall subscription of more than 146 times.Market response reinforces listing strategy Coal India Chairman and Managing Director B Sairam said the strong response has reinforced confidence within the...

Faridabad, January 19, 2026: Shares of Defrail Technologies Limited are set to make their stock market debut on the BSE SME platform later today, with market attention firmly on the grey market premium, which is indicating healthy interest ahead of listing. In the unofficial market, the stock is currently commanding a grey market premium of ₹17 per share, implying a potential listing price of around ₹91, translating into an indicative upside of nearly 23 percent over the IPO issue price of ₹74. The GMP has remained stable over the past few sessions, reflecting sustained sentiment as the listing approaches. Defrail Technologies IPO GMP Trend Ahead of ListingDateIPO Price (₹)GMP (₹)SubscriptionEstimated Listing Price19 Jan 2026...

Mumbai, January 19, 2026: The equity shares of Bharat Coking Coal Limited are set to list in the next few hours today on the NSE and BSE, marking the culmination of one of the most closely tracked and heavily subscribed IPOs of the year.The listing follows the completion of the allotment, refund initiation, and demat credit process, with investors now watching the opening trade as the stock makes its public market debut.IPO Recap: Heavy Oversubscription Across Categories The Bharat Coking Coal IPO, priced at ₹21–₹23 per share, closed with an overall subscription of around 143.85 times, reflecting extraordinary demand across investor segments:Qualified Institutional Buyers (QIBs) led the final-day surge Non-Institutional Investors...

Mumbai, January 18, 2026: The equity shares of Bharat Coking Coal Limited are scheduled to list tomorrow, January 19, 2026, on the NSE and BSE, following the completion of the allotment and refund process. The listing comes after an exceptionally strong subscription response, with the IPO closing at about 143.85x overall subscription.Investor attention on the eve of listing is focused on the grey market premium (GMP), which has moderated from the mid-week peak but remains elevated ahead of the debut.Subscription and Allotment Recap The IPO, offered at a price band of ₹21 to ₹23 per share, drew heavy participation across all categories, led by qualified institutional buyers and non-institutional investors, with robust retail and...

IPO Schedule and Structure Digilogic Systems Limited, a city-based automated test equipment systems and application software provider serving the defence and aerospace sector, has announced the launch of its Initial Public Offering. The IPO will open for public subscription on January 20 and will close on January 22. The anchor book is scheduled to open on January 19.The company aims to list its equity shares on the BSE SME platform.Issue Size and Price Band The IPO comprises a fresh issue of equity shares worth up to ₹69.67 crore and an offer for sale of up to 11.50 lakh equity shares with a face value of ₹2 each, aggregating up to ₹11.33 crore. The total issue size stands at ₹81 crore.The price band has been fixed at ₹98 to ₹104...

GMP Trend Remains Flat Post Subscription The grey market premium for Narmadesh Brass Industries SME IPO remained unchanged at ₹0 on January 17, indicating stable unofficial market sentiment following the close of the public issue.As per the latest available data, the IPO continues to trade at par in the grey market, with the estimated listing price aligned with the issue price of ₹515 per share. The estimated profit per lot stands at zero, reflecting no premium or discount in the grey market.Day-wise GMP Movement The GMP for the Narmadesh Brass Industries SME IPO has remained flat throughout the bidding period and even after the issue closed. From January 7 through January 17, the grey market premium consistently stayed at ₹0...

Mumbai, January 17, 2026 – Indo SMC Limited (BSE SME: INDOSMC) saw extraordinary demand on the final day of bidding, with its SME IPO closing on Friday at an overall subscription of 102.83 times, driven by aggressive participation across all investor categories. The issue, which was open from January 13 to January 16, 2026, was priced in the band of ₹141 to ₹149 per share, with bids pouring in sharply during the final hours. Final Subscription Status (as of 6:59 PM, January 16) According to BSE data, the IPO received bids for 45.40 crore shares against an offer size of 44.15 lakh shares, translating into a 102.83x overall subscription. Category-wise Subscription BreakdownInvestor CategoryShares ReservedApplications ReceivedShares Bid...

Ahmedabad, January 17, 2026: The SME IPO of GRE Renew Enertech Limited concluded on Friday with a robust overall subscription of 15.43 times, supported by strong demand across all investor categories. The issue, priced at ₹105 per share, also saw sustained interest in the grey market, with the GMP holding at ₹6 as of early Friday. Final bidding data shows aggressive participation from non-institutional investors and solid interest from qualified institutional buyers, while retail demand also closed at healthy double-digit levels. Price-Wise Demand at Close At the end of bidding on January 16, cumulative bids were concentrated across the entire price band, with demand remaining evenly distributed.Price (₹)Quantity Bid (Shares)...

Bengaluru, January 17, 2026: The initial public offering of Amagi Media Labs has concluded, with bidding ending on Friday, January 16, 2026. The ₹1,788.6 crore issue closed with a strong overall subscription of 30.22 times, driven by an aggressive final-day push from qualified institutional buyers and high-net-worth investors, even as the grey market premium (GMP) moderated to ₹26. The IPO was offered in a price band of ₹343 to ₹361 per share. Final Price-wise Cumulative Bid Position As per exchange data at 6:59 PM on January 16, demand was heavily skewed toward the upper end of the price band, while cut-off bids formed a meaningful portion of retail participation.Bid Price (₹)Cumulative Quantity343.0082,42,16,727...

Investment Banks Mandated for Public Issue ASG Eye Hospital, backed by private equity major General Atlantic, has appointed investment bankers as it prepares to enter the capital markets with an initial public offering valued at USD 500 to 600 million, equivalent to around Rs 3,900 crore.The banks mandated for the proposed offering include Axis Capital, Morgan Stanley, Nomura, Motilal Oswal, and HSBC.Valuation and Equity Dilution People familiar with the matter said the IPO is expected to value the company at about USD 3.4 billion. The offering is likely to result in approximately 15 percent equity dilution for existing shareholders.Expansion Plans and Capital Expenditure Separately, ASG has outlined capital expenditure of around...

Multiple Firms Clear the Path for Public Market Entry As many as seven companies across real estate, engineering, logistics, healthcare, metals, and specialty chemicals have received approval to proceed with their initial public offerings, marking another active phase for India’s primary market.The companies that have secured clearance include Runwal Developers, Lalbaba Engineering, Augmont Enterprises, Supreet Chemicals, Sillverton Industries, CJ Darcl Logistics, and Gaudium IVF and Women Health.These firms had filed their draft IPO papers between June and October and have now received formal observations, enabling them to move ahead with their public issues. Meanwhile, Deon Energy has withdrawn its draft IPO papers.Runwal...

New Delhi, January 17, 2026: Amazin Automation Solutions India Limited has filed its draft offer document for a proposed initial public offering on the SME platform, marking a key step in its plan to scale operations across industrial automation, printing systems, and digital logistics solutions.Company Overview Incorporated in December 2013 and converted into a public limited company in November 2025, Amazin Automation Solutions operates as a technology-driven industrial automation company catering primarily to the manufacturing sector. Its offerings span industrial coding and marking systems, automation-linked production and packaging solutions, plant logistics management systems, and in-plant tracking and weighbridge automation...

Mumbai, January 16, 2026 – Indo SMC Limited (BSE SME: INDOSMC) entered the final day of its IPO subscription on Friday with steady demand and a stable grey market premium, even as overall subscription crossed the 2x mark by mid-morning. The SME issue, priced in the range of ₹141 to ₹149 per share, closes for subscription today, January 16. IPO Subscription Status (as of 10:41 AM, January 15) As per BSE data, the IPO was subscribed 2.07 times overall, with strong participation from retail and non-institutional investors, while the QIB portion remained unsubscribed. Category-wise Subscription Details Retail investors continued to anchor the demand, subscribing their portion over three times, while non-institutional investors also showed...

Ahmedabad, January 16, 2026: The SME IPO of GRE Renew Enertech Limited (Symbol: GRERENEW) entered its final day of bidding today, January 16, with overall subscription standing at 2.59 times as of 10:41 AM on January 15, driven by strong interest from qualified institutional buyers and steady participation from non-institutional investors. The issue, which opened on January 13 and closes today, is priced in a band of ₹100–₹105 per share, with bids continuing to cluster at the upper end of the price band. Price-Wise Demand at BSE As per the latest available bid book, demand remains concentrated across all price points, with the highest quantity recorded at the lower end of the band.Price (₹)Quantity Bid (Shares)100.0070,16,400...

Bengaluru, January 16, 2026: Amagi Media Labs Limited’s initial public offering entered its final day of bidding on Friday morning, with early subscription data indicating a steady but measured response from investors across categories. The ₹1,788.6 crore issue opened for subscription on January 13 and will close later today. The cloud-based SaaS company, which recently raised about ₹805 crore from anchor investors, is offering shares in a price band of ₹343 to ₹361 per share. Price-Wise Cumulative Bid Position (Early Morning) As of 10:41 AM on January 15, cumulative bids across exchanges showed demand clustering near the upper end of the price band, reflecting investor preference for cut-off and higher-price bids on the final day...

Settlement Progress Seen as Key Step Toward Long-Awaited Listing The initial public offering plans of the National Stock Exchange received a fresh push on Thursday after **Securities and Exchange Board of India chairman Tuhin Kanta Pandey said the regulator has given an in-principle agreement to the settlement plea filed by the exchange in the unfair market access case.The development is widely viewed as a critical step toward clearing regulatory hurdles that have delayed the IPO of National Stock Exchange, the country’s largest bourse by trading volumes.Pandey said the settlement application is currently under review by multiple committees, adding that there is broad agreement in principle on the proposal. He declined to comment on...

Leadership Appointment Strengthens Governance Framework Flipkart, the e-commerce group owned by Walmart, on Thursday announced the appointment of Jane Duke as its Chief Ethics and Compliance Officer. The appointment is aimed at strengthening governance and internal oversight as the company moves closer to its initial public offering.In her new role, Duke will report to Chris Cyrenne, Chief Ethics and Compliance Officer at Walmart International. She will also work closely with Flipkart Group CEO Kalyan Krishnamurthy.Extensive Experience in Ethics and Compliance Jane Duke brings nearly three decades of experience across public-sector enforcement and corporate compliance. Most recently, she served at Tyson Foods as Vice President and...

Shiprocket Limited has taken another key step toward its proposed initial public offering after receiving in-principle approval from BSE, strengthening its path to the capital markets. The approval comes amid ongoing preparations for a sizeable public issue aimed at supporting the company’s next phase of growth.BSE Approval and Filing Details Shiprocket Limited filed its IPO application with BSE on December 12, 2025. The exchange granted in-principle approval on January 14, 2026, marking an important regulatory clearance in the listing process. The proposed issue is structured as a book-building IPO.The public issue is being managed by Axis Capital Limited, BofA Securities India Limited, JM Financial Limited and Kotak Mahindra...