Upcoming IPO list this week: The primary market is preparing for a relatively quiet mainboard activity next week, starting Monday, July 6, with Kusumgar and and Laser Power & Infra set to be the key initial public offerings (IPO) to watch. Happy Steels and Devson Catalyst IPO are the SME IPOs set to hit the primary market next week.
Among the companies that are set for D-street debut next week include Aastha Spintex, Knack Packaging, Adon Agro Commodities, Teja Engineering Industries, Kratikal Tech, Vinit Mobile, Atharva Polyplast, Seemax Resources, Sampark India Logistics and IC Electricals.
Upcoming IPO list this week (July 6 to July 10)
Engineered fabric manufacturer Kusumgar Ltd has fixed a price band of Rs 398 to Rs 419 per share for its upcoming Rs 650-crore public issue. The issue will open for public subscription on Wednesday, July 8 and conclude on Friday, July 10.
In the grey market, the company’s shares are already commanding a GMP of 175 over the issue price, translating 41.77 per cent gains for investors.
The IPO is structured entirely as an offer-for-sale (OFS) of 10.5 crore shares by promoters. Since the issue is an OFS, the Mumbai-based firm will not receive any proceeds and the funds will go entirely to the selling shareholders. The proceeds will go to the selling shareholders.
The company said the issue will have the standard reservation structure with half the issue reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
The minimum bid size for retail investors is 35 shares. At the upper price band, this means a minimum investment for the IPO is Rs 14,665. The share allotment is expected to be finalised on July 13, while refunds and credit of shares are likely on July 14.
Founded in 1990, the company manufactures woven, coated and laminated synthetic fabrics, known as engineered fabrics. It primarily produces aerospace and defence fabrics, industrial and automotive fabrics, and outdoor and lifestyle fabrics. The company has six manufacturing facilities in Gujarat and one fabrication unit in Uttar Pradesh.
On the financial front, Kusumgar posted revenue from operations of Rs 692 crore in FY26 and a net profit of Rs 98.2 crore.
The offering lands at a time when specialty manufacturing units and defence-linked stocks are enjoying significant investor favour across the domestic market.
The issue will close on July 13, according to its red herring prospectus.
The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of shares aggregating up to Rs 200 crore by promoter selling shareholders, according to filings.
Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to Rs 490 crore and for general corporate purposes.
LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026.
The firm, which also has an EPC division, is a licensed stranding partner of US-based TS Conductor, enabling it to locally manufacture advanced high-capacity conductors that are lighter, stronger and more energy-efficient than conventional ACSR or CFCC conductors. Its clientele includes Indian Railways, multiple Odisha distribution companies and private EPC players such as Montecarlo Ltd and KRYFS Power Components Ltd.
SME IPO this week (July 6 to July 10)
The SME IPO segment is poised to sustain its busy momentum in the coming week.
Punjab-based precision automotive components manufacturer, Happy Steels, will open its IPO for subscription on July 9 and it will close on July 13.
The IPO comprises an entirely fresh issue of 37.88 lakh equity shares. The price band has been fixed at Rs 62-66 per share, valuing the company at around Rs 94 crore. At the upper end of the price band, the company aims to raise Rs 25 crore through the public issue.
Devson Catalyst Limited, a catalysts and specialty chemical products manufacturer, will open its public issue on July 9 and close on July 13. The company aims to raise Rs 42 crore through the issue, with a price band fixed at Rs 112-118 per share.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
