If you thought the markets were quiet, think again. The upcoming week (July 20-26) is packed with action in the primary market. From mainboard IPOs to buzzing SME issues, it is a full house of fresh offers waiting to hit the Street. There is a lot happening in the upcoming week. From new-age office space players, electronics firms, real estate investment trusts to specialty chemical companies, all are queued up to raise capital.
So, what is opening? What is listing? And which ones are already creating a stir in the grey market? Let’s take look into each in details –
Mainboard IPOs to watch
Brigade Hotel Ventures IPO
The Brigade Group is a known name in India’s real estate and hospitality circles. Now, one of its key verticals, Brigade Hotel Ventures, is heading for a public debut with a Rs 759.60 crore IPO, entirely a fresh issue.
The IPO will be open for subscription from July 24 to July 28, and shares are expected to be listed on July 31 on both BSE and NSE. While the price band is yet to be announced. JM Financial is managing the issue as the lead book-runner, while KFin Technologies is the designated registrar.
Indiqube Spaces
One of the most talked-about IPOs of the week, Indiqube Spaces is looking to raise Rs 700 crore, including a Rs 50 crore offer for sale. The Bengaluru-based company, known for providing tech-driven co-working and corporate office solutions, is set to open its IPO from July 23 to July 25. The price band is Rs 225-Rs 237 per share, and the grey market premium (GMP) is already around Rs 40, indicating strong demand. The shares are expected to list on July 30 on both BSE and NSE.
GNG Electronics
Also opening on July 23, GNG Electronics is another mainboard player with a Rs 460 crore IPO. Known for its electronics manufacturing capabilities, the company has set its price band at Rs 225-Rs 237. The GMP is around Rs 31, suggesting decent market interest. The listing is scheduled for July 30.
PropShare Titania REIT
In the real estate investment space, PropShare Titania is the latest entrant. Backed by Axis Trustee Services, this Rs 473 crore IPO is a pure fresh issue. It is expected to open for subscription on July 21 and closes on July 25. While there is no buzz in the grey market yet, the fact that it is the second scheme under the SEBI-registered Property Share Investment Trust makes it noteworthy. The listing is expected on August 4 on the BSE.
Shanti Gold International IPO
Shanti Gold International, a player in the gold and jewellery space, IPO comprises an entirely fresh issue of 1.81 crore shares, and is scheduled to open on July 25 and close on July 29.
The listing is tentatively set for August 1, 2025, on BSE and NSE. Shanti Gold has not yet announced its price band. Choice Capital Advisors is the book-running lead manager, and Bigshare Services Pvt Ltd will serve as the registrar.
SME IPO line-up
Swastika Castal
Engineering component maker Swastika Castal is launching a Rs 14 crore fixed-price IPO at Rs 65 per share. The issue runs from July 21 to 23, with a listing on July 28 on the BSE SME platform. It is a fresh issue of over 21 lakh shares, handled by Horizon Management.
Savy Infra
Real estate and infrastructure-focused Savy Infra is coming out with a Rs 69.98 crore IPO. Opening on July 21 and closing on July 23, it is priced between Rs 114 to Rs 120. The listing is expected on July 28 on the NSE SME exchange.
Monarch Surveyors
Looking to raise Rs 93.75 crore through a fully fresh issue, Monarch Surveyors is opening its IPO on July 22. The price band is Rs 237-Rs 250, and the listing is expected on July 29 on the BSE SME platform.
TSC India
TSC India, involved in technical and certification services, is planning a Rs 25.89 crore IPO with a price band of Rs 68-Rs 70. The issue will be open from July 23 to July 25, and the shares are likely to list on July 30 on the NSE SME exchange.
Patel Chem Specialities
One of the last SME IPOs of the week, Patel Chem Specialities, will open its Rs 58.80 crore issue on July 25 and close on July 29. Priced between Rs 82 and Rs 84, the listing is scheduled for August 1.
Key IPO listings next week
Waiting for the bell to ring? Here’s what is getting listed –
Anthem Biosciences (Mainboard): July 21
Spunweb Nonwoven (NSE SME): July 21
Monika Alcobev (BSE SME): July 23
Much-awaited IPOs: Still no dates, but Worth watching
Brigade Hotel Ventures
This Rs 900 crore IPO is still waiting for its official dates, but investor curiosity is high. It is expected to be a pure fresh issue backed by JM Financial and KFin Technologies, and is part of Brigade Group’s larger hospitality play.
NSDL (National Securities Depository Limited)
NSDL has locked in all pre-IPO equity starting July 18, following SEBI norms. While no IPO date has been declared yet, this move brings the financial market giant one step closer to its public debut.