The primary market in India continues its vibrant pace as investors prepare for another busy week. Four new initial public offerings are scheduled to open for subscription. These include one mainboard IPO and three from the SME segment.
New IPOs Opening Next Week
Investors have multiple opportunities to participate in fresh offerings. The lineup features companies from logistics, technology, ayurveda, and engineering sectors.
Shadowfax Technologies IPO
Shadowfax Technologies leads the mainboard offerings. Its IPO opens on Tuesday, January 20, 2026, and closes on January 22, 2026. This is a book-built issue worth ₹1,907.27 crore.
The offering includes a fresh issue of 8.06 crore shares amounting to ₹1,000 crore. It also features an offer for sale of 7.32 crore shares valued at ₹907.27 crore. The price band ranges from ₹118 to ₹124 per share.
ICICI Securities Ltd. serves as the book-running lead manager. Kfin Technologies Ltd. acts as the registrar for this issue.
Digilogic Systems IPO
Digilogic Systems presents an SME IPO. It opens for subscriptions on January 20, 2026, and closes on January 22, 2026. The total issue size is ₹81.01 crore.
This comprises a fresh issue of 0.67 crore shares worth ₹69.68 crore. An offer for sale of 0.11 crore shares amounts to ₹11.33 crore. The price band is fixed at ₹98 to ₹104 per share.
Indorient Financial Services Ltd. is the book-running lead manager. Kfin Technologies Ltd. again handles registrar duties.
KRM Ayurveda IPO
KRM Ayurveda brings an ayurvedic focus to the SME segment. Its IPO opens on January 21, 2026, and closes on January 23, 2026. The aggregate issue size is ₹77.49 crore.
This offering consists entirely of a fresh issue of about 0.57 crore equity shares. The price band stands at ₹128 to ₹135 per share.
NEXGEN Financial Solutions Pvt. Ltd. acts as the book-running lead manager. Skyline Financial Services Pvt. Ltd. serves as the registrar. Mansi Share & Stock Broking Pvt. Ltd. will function as the market maker.
Shayona Engineering IPO
Shayona Engineering completes the new IPO roster. It opens for subscription on January 22, 2026, and closes on January 27, 2026. This SME IPO aggregates ₹14.86 crore.
The issue consists entirely of a fresh issue of 0.10 crore equity shares. The price band is fixed at ₹140 to ₹144 per share.
Horizon Management Pvt. Ltd. is the book-running lead manager. Kfin Technologies Ltd. takes on registrar responsibilities. Horizon Financial Consultants Pvt. Ltd. will serve as the market maker.
Upcoming Listings
Beyond new subscriptions, the market will witness several listings. Seven IPOs are set to debut on exchanges next week.
- Bharat Coking Coal IPO: This mainboard IPO lists on BSE and NSE on January 19, 2026.
- Amagi Media Labs IPO: The mainboard IPO lists on BSE and NSE with a tentative date of January 21, 2026.
- Defrail Technologies IPO: This SME IPO lists on BSE SME on January 19, 2026.
- Avana Electrosystems IPO: The SME IPO lists on NSE SME tentatively on January 19, 2026.
- Narmadesh Brass Industries IPO: This SME IPO lists on BSE SME tentatively on January 21, 2026.
- INDO SMC IPO: The SME IPO lists on BSE SME tentatively on January 21, 2026.
- GRE Renew Enertech IPO: This SME IPO lists on BSE SME tentatively on January 21, 2026.
The primary market clearly maintains its momentum. Investors should note these dates and details for planning their participation.
Disclaimer: This content serves educational purposes only. Consult an investment advisor before making any investment decisions.
