The primary market is set for a busy week between January 12-16, with a mix of new subscription openings and multiple listings lined up across the mainboard and SME platforms. While one mainboard IPO will open for bidding during the week, several SME issues will also hit the market. At the same time, investors will track the listing of Bharat Coking Coal and four other companies.
Let’s take a look at what is coming up in the IPO space next week.
Mainboard IPOs: One fresh issue to open, one continues
The mainboard segment will see one new IPO opening for subscription during the week. Alongside this, the Bharat Coking Coal IPO, which opened earlier, will continue to remain open for bidding at the start of the week.
Amagi Media Labs IPO opens next week
Amagi Media Labs is the only mainboard IPO scheduled to open for subscription in the January 12–16 window. According to the issue details, the IPO is a book-built issue with a total size of Rs 1,788.62 crore. This includes a fresh issue of shares worth Rs 816 crore and an offer for sale of Rs 972.62 crore. The price band for the issue has been fixed at Rs 343-361 per share.
The Amagi Media Labs IPO will open on January 13 and close on January 16, 2026. The allotment is expected to be finalised on January 19, with a tentative listing on the BSE and NSE on January 21.
SME IPOs: Five issues lined up across sectors
The SME segment will remain busy, with five IPOs opening for subscription during the week. These issues span different sectors and are spread across fixed-price and book-built formats.
Narmadesh Brass Industries IPO
Narmadesh Brass Industries will open its SME IPO on January 12 and the issue will close on January 15, 2026. The IPO is a fixed-price issue of Rs 44.87 crore. It consists of a fresh issue worth Rs 36.09 crore and an offer for sale worth Rs 8.78 crore.
Avana Electrosystems IPO
Avana Electrosystems’ SME IPO is scheduled to open on January 12 and close on January 14. The issue size stands at Rs 35.22 crore and follows a book-built route.
GRE Renew Enertech IPO
GRE Renew Enertech will enter the primary market with a book-built SME IPO worth Rs 39.56 crore. This issue is entirely a fresh issue. The IPO opens on January 13 and closes on January 16. The price band for the issue has been set at Rs 100-105 per share.
INDO SMC IPO
INDO SMC’s SME IPO is another book-built issue scheduled for the week. The issue size is Rs 91.95 crore and consists fully of a fresh issue. The IPO will open for subscription on January 13. The price band has been fixed at Rs 141-149 per share.
Armour Security IPO
Armour Security will open its SME IPO slightly later in the week, starting January 14 and closing on January 19. The book-built issue is worth Rs 26.51 crore and is entirely a fresh issue.
Listings to watch: Bharat Coking Coal and SME debutants
Apart from new subscriptions, several IPO listings are scheduled during the week.
Gabion Technologies is set to list on the BSE SME platform on January 13.
On January 14, Yajur Fibres will debut on BSE SME, while Victory Electric Vehicles is expected to list on the NSE SME platform.
The spotlight will be on January 16, when Bharat Coking Coal is scheduled to list, along with Defrail Technologies on the BSE SME platform.