Summary of this article
The primary market resumes in 2026 with Bharat Coking Coal’s mainboard IPO and three SME issues opening this week.
Bharat Coking Coal, a Coal India subsidiary, opens on January 9 with a 10 per cent quota for existing shareholders.
SME issues include Gabion Technologies, Victory Electric, and Yajur Fibres, seeking a combined fundraise exceeding Rs 150 crore for infrastructure and mobility.
Primary market action is set to resume on D-street in the new calendar year. The upcoming week is set to see the return of investors to the primary market as one mainboard issue and three SME issues are set to open for subscription.
Notably, the first mainboard issue of 2026 is set to open for subscription in the upcoming week. The primary market action for the upcoming week follows a year of record-high fundraises by as many as 103 companies via the mainboard. Here’s a look at the details of the primary market activity set to take place in the week ahead:
Bharat Coking Coal IPO
Bharat Coking Coal’s initial public offering is scheduled to open for subscription on January 9 and close on January 13. The basis of allotment of Bharat Coking Coal IPO will be decided on January 14. Bharat Coking Coal shares will be listed on the NSE and BSE on January 16.
Bharat Coking Coal Ltd (BCCL) is a producer of coking coal, non-coking coal, and washed coal. The company is a subsidiary of the public sector undertaking Coal India. The company operates a network of 34 operational mines. The company’s core product is coking coal, which it provides to the steel and power industries.
Gabion Technologies India IPO
The bidding window for Gabion Technologies India’s public issue is set to open on January 6. The bidding window is scheduled to close on January 8. The share allotment status of Gabion Technologies India will be finalised on January 9. Shares of Gabion Technologies India will list on the BSE SME platform on January 13.
Gabion Technologies India seeks to raise Rs 29.16 crore through a fresh issue of 3.6 million shares. Gabion Technologies India's IPO price band was fixed at Rs 76 to Rs 81 per share. Retail investors can apply for a minimum of 3,200 shares, leading to a minimum investment of Rs 2,59,200.
Gabion Technologies was incorporated in 2008. Gabion Technologies India is a maker of steel gabions and provides geosynthetics, geotechnical engineering, and ground improvement services globally. The company serves various sectors, including infrastructure, irrigation, and mining.
Victory Electric Vehicles International IPO
The bidding window for Victory Electric Vehicles International’s public issue is scheduled to open on January 7. The bidding window is scheduled to close on January 9. The share allotment status of Victory Electric Vehicles International will be finalised on January 12. Shares of Victory Electric Vehicles International are set to list on the NSE SME Emerge Platform on January 14.
Victory Electric Vehicles International is a fixed price issue; thus, the issue price has been set at Rs 41. The lot size for the public issue is 6000 shares, leading to a minimum investment of Rs 2,46,000.
Victory Electric Vehicles International is engaged in designing, manufacturing, and distributing electric vehicles. The company seeks to provide sustainable and eco-friendly mobility solutions.
The products offered by the company include E-rickshaws, E-Cargo/Loader E-rickshaws, Scooters, etc.
Yajur Fibres IPO
The bidding window for Yajur Fibres’ public issue is set to open on January 7. The bidding window is scheduled to close on January 9. The share allotment status of Yajur Fibres will be finalised on January 12. Shares of Yajur Fibres will list on the BSE SME platform on January 14.
Yajur Fibres seeks to raise Rs 120.41 crore through a fresh issue of 6.9 million shares. Yajur Fibres IPO price band was fixed at Rs 168 to Rs 174 per share. The minimum lot size to apply for Yajur Fibres IPO is 1600 shares, leading to an investment of Rs 2,78,400.
Yajur Fibres was incorporated in 1980. The company undertakes the processing and manufacturing of fibers like flax, jute, and hemp. The company has a capacity of over 300 MT per month of cottonised fiber, flax yarn, and jute yarn.
