Upcoming IPOs: Kusumgar's Public Issue Set To Open, Knack Packaging and Aastha Spintex Shares Set To Debut

The primary market will be active this week, with one new mainboard issue opening for bidding in the upcoming week. Additionally, shares of Aastha Spintex and Knack Packaging will also make their D-street debut this week and list soon.

On the small and medium enterprises (SME) board, shares of eight companies will make their stock market debut on the NSE SME platform and the BSE SME platform.Here are some of the key details of the public issues active this week:

Aastha Spintex IPO

The bidding window for the Aastha Spintex public issue opened for subscription on June 29 and is scheduled to close on July 1. Following the closure, the basis of share allotment was finalised on July 2, with refunds and demat credits initiated on July 3. Shares of the company are tentatively scheduled to debut on the BSE and NSE on July 6.

The initial public offering has seen modest subscription numbers across investor categories. The yarn maker’s public issue was booked 4.64 times cumulatively. Non-Institutional Investors (NIIs) drove the demand for the company’s shares, booking the issue 7.62 times while retail investors booked their quota 2.33 times. Qualified Institutional Buyers booked their quota 3.30 times.

Aastha Spintex aims to raise Rs 170 crore through a fresh issue of 12.5 million shares. The price band for the public offer has been fixed at Rs 125 to Rs 136 per share. Retail investors could apply for a minimum lot size of 110 shares, which translates to a base investment of Rs 14,960 at the upper end of the price band.

Aastha Spintex is a manufacturer and trader of carded, combed, and compact combed cotton yarns, cotton bales, and related byproducts for the textile industry.

Knack Packaging IPO

Knack Packaging's public issue is scheduled to open for subscription on July 1 and will close on July 3. The finalisation of share allotment will be completed on July 6, followed by refunds and demat credits on July 7. The company shares are slated to list on the BSE and NSE around July 8. The issue has witnessed strong demand during its bidding period. Knack Packaging IPO was subscribed 83.33 times across categories. Employees of the packaging solutions provider booked the issue 9.27 times. Retail investors booked their quota in Knack Packaging IPO 20.07 times, while NIIs booked their quota 139.81 times. QIBs booked their quota 154.34 times.

The price band for the offering has been fixed between Rs 161 and Rs 170 per equity share. The minimum lot size for retail investors is 88 shares, requiring a base investment of Rs 14,960 at the upper price ceiling. The IPO is a book-built issue aggregating up to Rs 439.5 crore. It is composed of a fresh issue of 22.4 million shares worth Rs 380 crore and an offer for sale of up to 3.5 million equity shares worth up to Rs 59.5 crore from existing shareholders.

Knack Packaging is an integrated packaging solutions provider engaged in the manufacturing of printed and laminated woven polypropylene bags used across industries such as food, agriculture, cement, and chemicals globally.

Kusumgar IPO

Kusumgar IPO subscription window will open on July 8 and close on July 10, 2026. Share allotment is expected to be finalised on July 13, with refunds and demat credits on July 14. The tentative listing date on the BSE and NSE is set for July 15.The price band has been fixed at Rs 398 to Rs 419 per share. Bidders can apply for a minimum lot size of 35 shares, requiring a retail investment of Rs 14,665 at the top end of the band. The public issue is valued at Rs 650 crore and consists entirely of an offer for sale, where existing promoters plan to offload 15.5 million shares.

Kusumgar specialises in the manufacturing of engineered fabrics. The company provides highly technical materials serving the aerospace, defence, and automotive sectors.

SME Listings This Week

Several SME companies are preparing for their market debuts this week. Adon Agro Commodities will list its shares on the BSE SME platform on July 6. On July 7, Teja Engineering Industries will make its debut on the NSE SME exchange. On July 7, shares of Atharva Polyplast, Seemax Resources and Sampark India Logistics are scheduled to list on the BSE SME platform. Shares of Vinit Mobile, Kratikal Tech, and IC Electricals will also list on the SME exchanges on July 7.