Indian IPO market set for busy week with 20 issues to raise over 4,169 crore rupees

The Indian primary market is entering a period of high activity, with approximately 19 to 20 companies scheduled to launch initial public offerings (IPOs) between September 21 and September 25, 2026. These offerings are expected to raise a combined total exceeding 4,169 crore rupees.

The mainboard segment features several high-profile issues. Varmora Granito, a Gujarat-based manufacturer, is launching a 708 crore rupee IPO on September 22 with a price band of 140 to 148 rupees per share. Elevate Campuses, backed by Hillhouse Investment, plans to launch a 2,100 crore rupee IPO on September 23, consisting entirely of fresh shares.

Other notable mainboard offerings include A-One Steels India Limited, which aims to raise 405 crore rupees starting September 24, and Army Infotech, which is seeking 300 crore rupees from September 23 to September 25. Additionally, the digital lending platform Moneyview is scheduled to open its IPO on September 24, featuring a revised fresh issue of 750 crore rupees alongside an offer-for-sale component.