The primary market is looking towards an action-packed week from July 21-25, 2025, as 10 initial public offerings (IPOs) will be opening for public subscription. These include five mainboard IPOs and five small and medium enterprise (SME) IPOs. In addition, three listings are lined up—one from the mainboard and two from the SME segment.
Here's a closer look at the IPOs launching and listings scheduled next week.
PropShare Titania IPO (July 21-25)
PropShare Titania IPO will open for subscription on July 21, and close on July 25. Allotment is likely on July 30, and listing is expected on August 4 on the BSE. The Rs 473 crore issue is an entirely fresh offer.
The price band for the IPO is set between Rs 10 lakh and Rs 10.60 per unit, with a minimum application lot size of one unit. The offering is targeted at ultra-high-net-worth individuals, given the high investment threshold.
PropShare Titania is the second scheme under Property Share Investment Trust, a Securities and Exchange Board of India (Sebi-registered small and medium Real Estate Investment Trust (SM Reit), incorporated in June 2024. The trust facilitates fractional ownership of office properties.
The IPO proceeds will be used to acquire the Titania special purpose vehicle (SPV), repay its debentures, and for general purposes.
IndiQube Spaces IPO (July 23-25)
Indiqube Spaces IPO will open on July 23 and close on July 25. The allotment is expected on July 28, and shares are likely to list on BSE and NSE on July 30. The Rs 700 crore IPO comprises a fresh issue of shares worth Rs 650 crore and an offer for sale (OFS) worth Rs 50 crore.
The price band is set at Rs 225-237 per share, and the lot size is 63 shares.
Founded in 2015, Indiqube Spaces offers managed, tech-enabled, and sustainable office solutions, including corporate hubs and branch offices with ready-to-use set-ups. It provides workspace design, asset renovation, and value-added services.
The company manages 115 centres across 15 cities, with 105 operational and 10 upcoming locations.
GNG Electronics IPO (July 23-25)
GNG Electronics IPO will open for subscription on July 23, and close on July 25. The allotment for the GNG Electronics IPO is expected to be finalised on July 28. GNG Electronics IPO will list on the BSE and NSE tentatively on July 30.
GNG Electronics IPO is a bookbuilding of Rs 460.43 crore. The issue is a combination of fresh issue of 16.90 million shares aggregating to Rs 400 crore and an OFS of 2.60 million shares aggregating to Rs 60.44 crore.
The price band is set at Rs 225-237 per share. The lot size for an application is 63 shares.
Incorporated in 2006, GNG Electronics provides refurbishing services for laptops, desktops, and ICT devices in India and globally, including the US, the USA and across Europe and Africa. The company also provides customised buyback solutions to large retailers, such as Vijay Sales and original equipment manufacturers (OEMs), such as HP and Lenovo.
Brigade Hotel Ventures IPO (July 24-28)
Brigade Hotel Ventures IPO will open for subscription on July 24 and close on July 28. Allotment is expected on July 29, and listing is expected on the BSE and NSE on July 31. The IPO is a book-built issue of Rs 759.60 crore, entirely comprising a fresh issue. The price band is yet to be announced.
Brigade Hotel Ventures is a wholly-owned subsidiary of Brigade Enterprises, and is engaged in owning and developing hotels, primarily in South India. As of June 30, 2024, the company had a portfolio of over 500 rooms.
It operates nine hotels with a total of 1,604 keys across Bengaluru, Chennai, Kochi, Mysuru, and GIFT City. The hotels are managed by international hospitality chains, such as Marriott, Accor, and InterContinental Hotels Group.
Shanti Gold International IPO (July 25-29)
Shanti Gold International IPO will open for subscription on July 25 and close on July 29. Allotment is expected on July 30, with a tentative listing date of August 1 on the BSE and the NSE. The IPO is a book-built issue of 18.10 million shares, consisting entirely of a fresh issue. The price band is yet to be announced.
Established in 2003, Shanti Gold International is engaged in the manufacturing of 22kt CZ casting gold jewellery. The company offers a range of products, including bangles, rings, necklaces, and jewellery sets.
It operates an in-house manufacturing facility that covers design, production, and packaging. The company uses advanced machinery and outsourced labour for tasks, such as manual stone setting to ensure precision and quality.
5 SME IPOs Open For Subscription
Along with the five mainboard IPOs mentioned above, five SME IPOs are also opening this week for public subscription.
These are Swastika Castal IPO, Savy Infra & Logistics IPO, Monarch Surveyors & Engineering Consultants IPO, TSC India IPO, and Patel Chem Specialities IPO.
2 SME IPO, 1 Mainboard Listing
The Rs 3,396-crore Anthem Biosciences IPO is set to list on the BSE and the NSE on July 21.
Among the two upcoming SME listings, Spunweb Nonwoven is set to debut on the NSE SME on July 21, followed by Monika Alcobev on the BSE SME on July 23.
