Upcoming IPOs: SBI Funds Management, Alpine Texworld Set To Open; Laser Power & Infra and Kusumgar to Debut This Week

The primary market will be active this week with the subscription windows of two new mainboard issues opening for bidding. Additionally, shares of two companies will also make their D-Street debut this week.

On the small and medium enterprises (SME) board, shares of two companies will make their stock market debut on the NSE SME platform and BSE SME platform. Here are some of the key details of the upcoming IPO activity slated to happen this week.

Kusumgar IPO

The bidding window for the Kusumgar public issue opened for subscription on July 8 and closed on July 10, 2026. Following the closure, the basis of share allotment is expected to be finalised on July 13, with refunds and demat credits initiated on July 14. Shares of the company are tentatively scheduled to debut on the BSE and NSE on July 15. The engineered fabrics manufacturer's public issue saw robust demand across investor categories, ending its final day heavily oversubscribed with a cumulative subscription of 128.85 times receiving bids for 1.47 billion shares compared to the 11.39 million shares offered for subscription.

The price band for the offering was fixed at Rs 398-419 per equity share. The minimum lot size for retail investors was 35 shares, requiring a base investment of Rs 14,665 at the upper price ceiling. The IPO is a book-built issue aggregating up to Rs 650 crore, consisting entirely of an offer for sale (OFS) from existing promoters.

Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace, defense, industrial, automotive, and outdoor lifestyle applications.

Laser Power & Infra IPO

Laser Power & Infra's public issue opened for subscription on July 9 and will close on July 13, 2026. The finalisation of share allotment is expected to be completed on July 14, followed by refunds and demat credits on July 15. The company's shares are slated to list on the BSE and NSE on July 16. The issue has been fully subscribed so far, receiving bids for 25.51 million shares against the 25.58 million shares on offer.

The price band for the offering has been fixed between Rs 203 and Rs 214 per equity share. Applicants can apply for a minimum lot size of 70 shares, requiring a retail investment of Rs 14,980 at the top end of the band. The IPO is a book-built issue aggregating up to Rs 742 crore, comprising a fresh issue of Rs 542 crore and an OFS of Rs 200 crore from existing promoters.

Laser Power & Infra is a manufacturer of power and control cables, conductors, and specialty electrical products, and also provides EPC solutions for the power transmission and distribution sector.

SBI Funds Management IPO

SBI Funds Management's IPO subscription window will open on July 14 and close on July 16, 2026. The share allotment is expected to be finalised on July 17, with refunds and demat credits on July 20. The tentative listing date for the shares is July 21.

The price band for the public issue has been fixed at Rs 545-574 per share. Notably, this is one of largest listings of 2026 with an offer size of  Rs 11,693 crore. The public issue consists entirely of an OFS, where the parent company, State Bank of India (SBI) and joint venture partner Amundi will divest part of their stakes.

SBI Funds Management is the country’s largest asset manager and the company behind SBI Mutual Fund.

Alpine Texworld IPO

The subscription window is set to open on July 14 and close on July 16. The basis of share allotment will be finalised on July 17, followed by refunds and demat credits. The company’s shares are tentatively scheduled to debut on the BSE and NSE on July 21.

The price band for the offering is set between Rs 100 and Rs 105 per share. Retail investors can apply for a minimum lot size of 142 shares, which translates to a base investment of Rs 14,910 at the upper end of the price band. The public issue aims to raise Rs 126.25 crore through an entirely fresh issue of equity shares to power capacity expansion and debt repayment.

Alpine Texworld is engaged in the dyeing, processing, and manufacturing of textile fabrics, operating well-equipped facilities in Gujarat with a focus on automated high-tech weaving machinery and green energy integration.

SME Listings This Week

Several SME companies are preparing for their market debuts this week. Shares of Devson Catalyst and Happy Steels will list on July 16 on the BSE SME and NSE SME platforms respectively.