Five companies, including EAAA India Alternatives, SFC Environmental Technologies, and M K Sons Fine Jewels, plan to launch their initial public offerings (IPOs) next week, aiming to raise nearly 260 billion rupees in the primary market.
The initial offerings of BLS Polymers and Bombay Coated and Special Steels will also be launched during this week. Furthermore, according to investment bankers, other companies such as Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech, and AGS Health are also planned.
These companies expect to announce price ranges and launch plans by November 5th, preceding the long Diwali holiday period in Gujarat. During this time, markets and business activity may suffer due to the celebration of Labh Pancham from November 6th to 15th.
The upcoming listings follow an active month in the primary market when Jio Platforms released the country's largest public offering worth 30,213 billion rupees. To date in 2026, 104 companies have raised over 1.4 lakh crore rupees through IPOs, indicating continued activity in the primary market.
The five forthcoming IPOs will begin accepting applications from October 26th to 29th, offering investors access to sectors such as alternative investments, polymers, steel recycling, wastewater treatment, and jewelry retail.
These offerings are expected to support primary market activity as companies attract investor demand to finance business expansion, cover working capital needs, and repay debts, while some existing shareholders seek to monetize their assets.
EAAA India Alternatives, a division of Edelweiss Financial Services, will open its IPO worth 120 billion rupees on October 26th and close it on October 28th. The company has set a price range of 1585–1665 rupees per share, valuing it at 10,765 billion rupees at the upper end. This listing is entirely a Offer for Sale (OFS) by Edelweiss Group, meaning the company itself will not receive revenue from this offering. EAAA India Alternatives previously raised about 360 billion rupees from anchor investors before the public offering.
SFC Environmental Technologies, a provider of wastewater treatment solutions, will launch its IPO worth 66.8 billion rupees, with subscriptions closing on October 29th. The company has set a price range of 313–330 rupees per share, valuing itself at approximately 3,233 billion rupees at the upper end. This offering includes a new equity issuance of 150 billion rupees and an offer for sale of up to 1.57 billion shares by promoters and existing shareholders. Funds from the new issue will be used by the company to repay debt and meet working capital needs.
M K Sons Fine Jewels Ltd will open its IPO worth 27.54 billion rupees on October 28th and close it on October 30th. The company has set a price range of 153–162 rupees per share. The IPO includes a new issuance of 1.36 billion shares and an offer for sale of 3.4 million shares by promoter shareholder Ramchand Murlidhar Raimalani. The jewelry retailer intends to use the net proceeds to fund inventory for opening a new showroom in Maharashtra and expanding an existing showroom in Gujarat, as well as to repay or prepay certain loans and cover general corporate expenses.
BLS Polymers Ltd will launch its IPO worth 25.5 billion rupees on October 27th, with the placement closing on October 29th. The company has set a price range of 142–150 rupees per share. The offering includes a new issue of 1.7 billion shares. The company plans to allocate 77.56 billion rupees of the proceeds to expand its production facility and increase production capacity, and 89.5 billion rupees to cover working capital needs. The remaining amount will be directed to general corporate purposes.
Bombay Coated and Special Steels Ltd will open its IPO worth 18.31 billion rupees on October 29th, with the placement closing on November 2nd. The company has set a price range of 78–82 rupees per share. The IPO will be a completely new equity issuance. The company plans to use 125 billion rupees to repay or prepay certain loans and 15.7 billion rupees to finance the acquisition of core equipment under existing lease agreements with Siemens Financial Services. The remaining funds will be used for general corporate purposes.