Subdued Start to April for IPO Market
The primary market is set for a relatively quiet week between April 6 and April 10, 2026, following a holiday-shortened trading period. Activity remains limited with just one SME initial public offering opening for subscription, alongside a key listing on the SME platform.Broader market sentiment also stayed cautious, with the Nifty 50 and Sensex declining 0.5 percent and 0.4 percent respectively during the previous week. The weakness comes amid ongoing geopolitical tensions in the Middle East after the United States signaled further aggressive action against Iran.
Safety Controls IPO to Open on April 6
Safety Controls IPO will be the only new issue opening for subscription this week. The SME offering is a book-built issue aggregating to Rs 48 crore, entirely comprising a fresh issue of 0.6 crore shares.The IPO will open on April 6, 2026, and close on April 8, 2026. The allotment is expected to be finalized on April 9, 2026, with a tentative listing scheduled on the BSE SME platform on April 13, 2026.
The price band for the issue is fixed at Rs 75 to Rs 80 per share, with a lot size of 1,600 shares. Sobhagya Capital Options Pvt Ltd is acting as the book-running lead manager, while Maashitla Securities Pvt Ltd is the registrar. NNM Securities Pvt Ltd has been appointed as the market maker.
Vivid Electromech Shares to Debut on April 7
In the listings segment, Vivid Electromech is set to make its market debut on April 7, 2026, on the NSE SME platform.The IPO had opened for subscription on March 25, 2026, and closed on March 30, 2026. The allotment was finalized on April 2, 2026.
The issue size stood at Rs 130.54 crore, comprising a fresh issue of 0.19 crore shares worth Rs 104.56 crore and an offer for sale of 0.05 crore shares aggregating to Rs 25.97 crore.
Propshare Celestia IPO to Open on April 10
Looking ahead, Propshare Celestia IPO is scheduled to open for subscription on April 10, 2026, and will close on April 16, 2026.The IPO is a book-built issue worth Rs 244.65 crore and consists entirely of a fresh issue. The allotment is expected to be finalized on April 17, 2026, with a tentative listing date set for April 24, 2026 on the BSE.
Ambit Pvt Ltd is the book-running lead manager for the issue, while Kfin Technologies Ltd has been appointed as the registrar. The classification of the issue as either a mainboard or SME IPO has not been specified.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.