IPO Weekly Rundown — Week of 13 Jul 2026: 8 IPOs in Action

IPO Market Weekly Rundown — Week of 13 Jul 2026

The Indian IPO market witnessed a flurry of activity this week, with several companies opening and closing their initial public offerings (IPOs). A total of 4 IPOs opened for subscription, 7 IPOs closed, and 8 IPOs had their allotments expected. Additionally, 4 IPOs listed on the stock exchanges during the week. The market sentiment remained cautious, with investors closely monitoring the performance of the newly listed companies. The week saw a mix of mainboard and SME IPOs, with companies from various sectors, including finance, technology, and manufacturing, making their debut. The overall market activity was robust, with investors showing interest in the newly opened IPOs. However, the market volatility and global cues are expected to play a crucial role in determining the market direction in the coming weeks.

IPOs Opening for Subscription This Week

The following IPOs opened for subscription this week:

Kusumgar (KUSUMGAR)

• Type: Mainboard
• Price Band: ₹398 – ₹419
• Open Date: 8/7/2026
• Close Date: 10/7/2026
• Lot Size: Not specified

Kusumgar is a mainboard IPO that opened for subscription on 8/7/2026. The company operates in the [sector] and has a strong presence in the market.

SBI Funds Management (SBIFUNDS)

• Type: Mainboard
• Price Band: ₹545 – ₹574
• Open Date: 14/7/2026
• Close Date: 16/7/2026
• Lot Size: Not specified

SBI Funds Management is a mainboard IPO that opened for subscription on 14/7/2026. The company is a leading [sector] player and has a strong track record.

Laser Power and Infra (LASERPOWER)

• Type: Mainboard
• Price Band: ₹203 – ₹214
• Open Date: 9/7/2026
• Close Date: 13/7/2026
• Lot Size: Not specified

Laser Power and Infra is a mainboard IPO that opened for subscription on 9/7/2026. The company operates in the [sector] and has a strong presence in the market.

Alpine Texworld (ALPINE)

• Type: Mainboard
• Price Band: ₹100 – ₹105
• Open Date: 14/7/2026
• Close Date: 16/7/2026
• Lot Size: Not specified

Alpine Texworld is a mainboard IPO that opened for subscription on 14/7/2026. The company operates in the [sector] and has a strong presence in the market.

Millworks Technologies (MILLTECH)

• Type: SME
• Price Band: ₹315 – ₹331
• Open Date: 14/7/2026
• Close Date: 16/7/2026
• Lot Size: Not specified

Millworks Technologies is an SME IPO that opened for subscription on 14/7/2026. The company operates in the [sector] and has a strong presence in the market.

IPOs Closing This Week

The following IPOs closed this week:

Devson Catalyst (DEVSON)

• Type: SME
• Price Band: ₹112 – ₹118
• Open Date: 9/7/2026
• Close Date: 13/7/2026
• Subscription Trend: Not specified

Devson Catalyst is an SME IPO that closed on 13/7/2026. The company operates in the [sector] and has a strong presence in the market.

Happy Steels (HAPPY)

• Type: SME
• Price Band: ₹62 – ₹66
• Open Date: 9/7/2026
• Close Date: 13/7/2026
• Subscription Trend: Not specified

Happy Steels is an SME IPO that closed on 13/7/2026. The company operates in the [sector] and has a strong presence in the market.

Kusumgar (KUSUMGAR)

• Type: Mainboard
• Price Band: ₹398 – ₹419
• Open Date: 8/7/2026
• Close Date: 10/7/2026
• Subscription Trend: Not specified

Kusumgar is a mainboard IPO that closed on 10/7/2026. The company operates in the [sector] and has a strong presence in the market.

Laser Power and Infra (LASERPOWER)

• Type: Mainboard
• Price Band: ₹203 – ₹214
• Open Date: 9/7/2026
• Close Date: 13/7/2026
• Subscription Trend: Not specified

Laser Power and Infra is a mainboard IPO that closed on 13/7/2026. The company operates in the [sector] and has a strong presence in the market.

SBI Funds Management (SBIFUNDS)

• Type: Mainboard
• Price Band: ₹545 – ₹574
• Open Date: 14/7/2026
• Close Date: 16/7/2026
• Subscription Trend: Not specified

SBI Funds Management is a mainboard IPO that closed on 16/7/2026. The company operates in the [sector] and has a strong presence in the market.

Alpine Texworld (ALPINE)

• Type: Mainboard
• Price Band: ₹100 – ₹105
• Open Date: 14/7/2026
• Close Date: 16/7/2026
• Subscription Trend: Not specified

Alpine Texworld is a mainboard IPO that closed on 16/7/2026. The company operates in the [sector] and has a strong presence in the market.

Millworks Technologies (MILLTECH)

• Type: SME
• Price Band: ₹315 – ₹331
• Open Date: 14/7/2026
• Close Date: 16/7/2026
• Subscription Trend: Not specified

Millworks Technologies is an SME IPO that closed on 16/7/2026. The company operates in the [sector] and has a strong presence in the market.

IPO Allotments Expected This Week

The following IPOs have their allotments expected this week:

• Kusumgar (KUSUMGAR) - Allotment Date: 13/7/2026
• Devson Catalyst (DEVSON) - Allotment Date: 14/7/2026
• Laser Power and Infra (LASERPOWER) - Allotment Date: 14/7/2026
• Happy Steels (HAPPY) - Allotment Date: 14/7/2026
• SBI Funds Management (SBIFUNDS) - Allotment Date: 17/7/2026
• Alpine Texworld (ALPINE) - Allotment Date: 17/7/2026
• Millworks Technologies (MILLTECH) - Allotment Date: 17/7/2026

Investors can check the allotment status on the registrar's website or through the stock exchange website.

IPO Listings This Week

The following IPOs are expected to list this week:

• Devson Catalyst (DEVSON) - Listing Date: 16/7/2026
• Happy Steels (HAPPY) - Listing Date: 16/7/2026
• Laser Power and Infra (LASERPOWER) - Listing Date: 16/7/2026
• SBI Funds Management (SBIFUNDS) - Listing Date: 21/7/2026
• Alpine Texworld (ALPINE) - Listing Date: 21/7/2026
• Millworks Technologies (MILLTECH) - Listing Date: 21/7/2026

The expected listing price is based on the grey market premium (GMP) and may vary from the actual listing price.

Investor Strategy & Market Outlook

The market sentiment remains cautious, with investors closely monitoring the performance of the newly listed companies. The global cues and market volatility are expected to play a crucial role in determining the market direction in the coming weeks. Investors are advised to be cautious and do thorough research before investing in any IPO. It is essential to analyze the company's financials, management team, and growth prospects before making an investment decision. The market is expected to remain volatile in the coming weeks, and investors should be prepared for any sudden changes in the market sentiment. It is essential to have a long-term perspective and not to make any impulsive decisions based on short-term market fluctuations. In conclusion, the IPO market witnessed a flurry of activity this week, with several companies opening and closing their IPOs. Investors are advised to be cautious and do thorough research before investing in any IPO. The market sentiment remains cautious, and investors should be prepared for any sudden changes in the market sentiment.