If you are planning to invest in IPO, then the next week is going to be very busy for you. Three new IPOs are going to open in the primary market of the stock market from July 14. The biggest name among these is SBI Funds Management. Apart from this, Alpine Texworld and Millworks Technologies of SME segment are also bringing their issues for investors. The total target of these three companies is to raise around Rs 11,980 crore.
SBI Funds Management will have the biggest IPO
Next week’s biggest IPO will be of SBI Funds Management. This issue will open on 14th July and close on 16th July. The company has fixed the price band of Rs 545 to Rs 574 per share. There will be 26 shares in one lot, which means retail investors will have to invest a maximum of Rs 14,924 to buy one lot.
This IPO is completely Offer for Sale (OFS). That means the company will not issue any new shares and the money received from the IPO will go to the existing shareholders. The company’s shares are expected to be listed on BSE and NSE on July 21.
SBI Funds Management is the country’s largest Asset Management Company (AMC). It operates SBI Mutual Fund and is a joint venture between State Bank of India (SBI) and Amundi of France. By 2025, the company had assets under management (AUM) of Rs 16.32 lakh crore, which is about 15.5% of the total mutual fund AUM in India. The company’s net profit increased to Rs 3,067 crore in the financial year 2025-26.
Alpine Texworld will also bring a new issue
The second IPO on the main board will be that of Alpine Texworld. The company’s fresh issue of Rs 126.25 crore will also open on July 14 and close on July 16. The company has fixed the price band of Rs 100 to Rs 105 per share. There will be 142 shares in one lot and investors will have to spend a maximum of Rs 14,910 to buy one lot.
The company does the business of dyeing and processing clothes. The funds raised from the IPO will be used to set up a new weaving unit in Ahmedabad, repay loans and meet general corporate needs. In the last financial year, the company’s revenue has increased by 47 percent and profit by 152 percent.
Millworks Technologies in focus in SME segment
Millworks Technologies’ IPO on SME platform will also open from July 14. The company has fixed the price band of Rs 315 to Rs 331 per share and plans to raise around Rs 160.34 crore. The listing of this IPO will be on BSE SME platform.
This IPO is getting excellent response in the gray market. Its shares are trading at more than 100 percent premium (GMP), due to which there is increased enthusiasm about it among investors.
Keep these things in mind before investing
However, gray market premium (GMP) does not guarantee the success of an IPO. Before investing, it is important to thoroughly understand the company’s business, financial performance, valuation and risks. These three IPOs coming next week are from different sectors, so investors will have a good opportunity to diversify their portfolio.
Leave a Reply