IPOs in the week of 28 September to 4 October 2026

The mainboard and SME issues that opened, closed, were allotted and listed in the week of 28 September to 4 October 2026, with what each company's offer document says.

20 IPOs open this week: 4 mainboard and 16 SME, raising about ₹818 crore in all where the size is set. 12 more close, 16 are allotted, 9 list.

Opening this week

Bidding 28 to 30 Sept · band ₹65 to ₹71 · issue ₹35.9 cr

A Gwalior maker of industrial safety footwear under the ACME brand, with four plants in Madhya Pradesh and Uttar Pradesh, is issuing 50,60,800 new shares on BSE SME at ₹65 to ₹71 for a solar plant, machinery and working capital.

Revenue growth a year
7.3%
Profit, latest year
₹5.9 cr
P/E at the upper band
23.1× (peer median 40.8×)
Largest customer
12.1% of revenue

Read the offer-document study

Bidding 28 to 30 Sept

A Pune restaurant and food delivery business trading as "Pind Punjab" is issuing up to 18,00,000 new shares on BSE SME, bidding September 28 to 30, 2026, mainly to fund a hotel and banquet project in Lonavala; no existing shareholder is selling.

Revenue growth a year
8.5%
Profit, latest year
₹2.3 cr

Read the offer-document study

Shah Investor's Home Limited

MainboardNSE and BSE

Bidding 28 to 30 Sept · band ₹159 to ₹167 · lot 85 shares, ₹14,195 at the top · issue ₹90.2 cr

A Gujarat retail stockbroker of three decades, trading as Shah Investors, with 38,189 active clients and 11 branches, is issuing 53,99,200 new shares at ₹159 to ₹167 to fund ₹60.0 crore of working capital.

Revenue growth a year
-4.2%
Profit, latest year
₹13.2 cr
P/E at the upper band
26.8× (peer median 16.3×)

Read the offer-document study

Bidding 28 to 30 Sept · band ₹59 to ₹62 · issue ₹14 cr

A five-year-old agrochemical formulator with one plant at Jhajjar in Haryana, selling insecticides, herbicides and fungicides through 685 distributors in six states, is issuing 22,60,000 new shares on BSE SME at ₹59 to ₹62 for working capital and debt repayment.

Revenue growth a year
75.8%
Profit, latest year
₹3.2 cr
P/E at the upper band
14.4× (peer median 21.5×)
Largest customer
7.6% of revenue

Read the offer-document study

Bidding 28 Sept to 5 Oct · issue ₹31.8 cr

A Silvassa maker of polymer pipes, fittings, irrigation systems and industrial sheets under the Noble, Tirupati and Wellpack brands is issuing 60,00,000 new shares on BSE SME at ₹50 to ₹53, for machinery, a solar roof, a new building and debt repayment.

Revenue growth a year
-2.4%
Profit, latest year
₹7.1 cr
P/E at the upper band
15.9× (peer median 15.7×)
Largest customer
11.1% of revenue

Read the offer-document study

Srit India Limited

MainboardNSE and BSE

Bidding 28 to 30 Sept · band ₹123 to ₹130 · lot 115 shares, ₹14,950 at the top · issue ₹218 cr

A Bengaluru IT services company of twenty-six years that builds and runs digital platforms for state and central government bodies in healthcare, electronic governance and telecommunications is issuing up to 1,68,00,000 new shares at ₹123 to ₹130 for product modernisation and working capital.

Revenue growth a year
28.8%
Profit, latest year
₹43.3 cr
P/E at the upper band
19.3× (peer median 18.6×)

Read the offer-document study

Bidding 29 Sept to 1 Oct · band ₹185 to ₹197

A Noida and Delhi real estate brokerage that earns commission on new residential units it markets for developers in Uttar Pradesh and Haryana is offering 22,38,000 new shares and 5,58,000 promoter shares on BSE SME, price not yet set.

Revenue growth a year
45.8%
Profit, latest year
₹12.2 cr
Largest customer
17.6% of revenue

Read the offer-document study

Bidding 29 Sept to 5 Oct

A Bengaluru software company selling IT operations and service management software under the Infraon brand, on premises and as a subscription, is offering 45,93,600 new shares and 11,07,200 existing shares on BSE SME.

Revenue growth a year
20%
Profit, latest year
₹13.1 cr
Largest customer
29.6% of revenue

Read the offer-document study

Bidding 29 Sept to 1 Oct · band ₹69 to ₹72 · lot 1,600 shares, ₹1,15,200 at the top · issue ₹20.2 cr

A Bikaner maker of handmade and machine-made papads, rice papads and moongodi is offering 25,72,800 new shares and 2,30,400 shares held by the investor India Customer Insight Fund on NSE Emerge at ₹69 to ₹72, mainly for a new rice papad unit and bank debt repayment.

Revenue growth a year
13%
Profit, latest year
₹5.2 cr
P/E at the upper band
13×
Largest customer
9.1% of revenue

Read the offer-document study

Bidding 29 Sept to 1 Oct · band ₹112 to ₹118

A Salem maker of 25 kV vacuum circuit breakers and vacuum interrupters for Indian Railways traction substations is issuing up to 28,80,000 new shares on BSE SME, bidding from 29 September to 1 October 2026, to fund ₹25.0 crore of working capital.

Revenue growth a year
196.7%
Profit, latest year
₹5.4 cr
Largest customer
42.7% of revenue

Read the offer-document study

Bidding 30 Sept to 6 Oct

A New Delhi company that furnishes new railway coaches, refurbishes old ones, upgrades coach toilets and supplies coach components, mostly under Indian Railways tenders, is offering 54,07,200 new shares and 8,01,600 promoter shares on BSE SME, price not yet set.

Revenue growth a year
11.2%
Profit, latest year
₹24.4 cr

Read the offer-document study

Bidding 30 Sept to 5 Oct

A Mumbai cloud communications company that routes SMS, voice, WhatsApp and RCS messages for enterprises is offering 53,28,000 new shares and 12,72,000 existing shares on BSE SME.

Revenue growth a year
51.3%
Profit, latest year
₹23.4 cr
Largest customer
37.6% of revenue

Read the offer-document study

Eventions Limited

SMENSE Emerge

Bidding 30 Sept to 5 Oct · band ₹112 to ₹118 · lot 1,200 shares, ₹1,41,600 at the top · issue ₹38.1 cr

A Gurgaon organiser of corporate meetings, incentive trips and conferences, most of them abroad, is issuing up to 32,30,400 new shares on NSE Emerge at ₹112 to ₹118 to repay debt, fund working capital and lend to a travel subsidiary; no shareholder is selling.

Revenue growth a year
7.3%
Profit, latest year
₹7.7 cr
P/E at the upper band
18.6× (peer median 16.7×)
Largest customer
42.7% of revenue

Read the offer-document study

Bidding 30 Sept to 5 Oct · band ₹70 to ₹75 · lot 200 shares, ₹15,000 at the top · issue ₹108 cr

A Surat maker of gold jewellery set with lab-grown diamonds, which supplies retailers and wholesalers and since July 2025 also reaches consumers through its subsidiary Ayaani, is issuing up to 14,456,000 new shares on NSE at ₹70 to ₹75, mainly for ₹70.0 crore of working capital; no shareholder is selling.

Revenue growth a year
94.5%
Profit, latest year
₹22.3 cr
P/E at the upper band
19.4× (peer median 18.6×)
Largest customer
13% of revenue

Read the offer-document study

Bidding 30 Sept to 5 Oct

A Chandigarh company that retails diamond, gold and silver jewellery under the Omara brand from one leased boutique is issuing up to 13,50,000 new shares on BSE SME.

Revenue growth a year
40.6%
Profit, latest year
₹9.4 cr
Largest customer
16.3% of revenue

Read the offer-document study

Bidding 30 Sept to 6 Oct

A Ludhiana maker of acrylic, wool-blend, polyester and nylon yarns, recycled acrylic fibre and knitted cloth is issuing up to 64,40,000 new shares on BSE SME, mainly to fund ₹61.7 crore of machinery and buildings; no shareholder is selling.

Revenue growth a year
14.7%
Profit, latest year
₹13.9 cr
Largest customer
8.5% of revenue

Read the offer-document study

Bidding 30 Sept to 5 Oct · band ₹67 · issue ₹23.5 cr

A Vasai, Maharashtra maker and supplier of plastic welding machines, tools and custom automation lines, selling mostly to automotive component makers, is issuing 35,00,000 new shares at a fixed ₹67 on the BSE SME platform, raising ₹23.5 crore mainly for machinery and working capital.

Revenue growth a year
32.1%
Profit, latest year
₹5.2 cr
P/E at the upper band
16.5×

Read the offer-document study

Bidding 30 Sept to 5 Oct · band ₹55 · issue ₹21.8 cr

A Kolkata seller and installer of premium audio, video and home automation products from brands such as Bose, Sonos and Panasonic, working from three showrooms, is issuing up to 39,60,000 new shares at a fixed ₹55 on the BSE SME platform, raising ₹21.8 crore for twelve new showrooms and working capital.

Revenue growth a year
9.5%
Profit, latest year
₹2.2 cr
P/E at the upper band
25.1×
Largest customer
24.9% of revenue

Read the offer-document study

Bidding 30 Sept to 6 Oct · issue ₹37.9 cr

An Indore maker of bed sheets, pillow covers, towels and quilts for retailers, importers and brands, about half of it exported, is issuing up to 54,08,000 new shares on BSE SME at ₹66 to ₹70, mainly for working capital and a second unit; no shareholder is selling.

Revenue growth a year
70.8%
Profit, latest year
₹9.6 cr
P/E at the upper band
14.9× (peer median 39.6×)
Largest customer
23.3% of revenue

Read the offer-document study

Vishal Nirmiti Limited

MainboardNSE and BSE

Bidding 30 Sept to 5 Oct · band ₹208 to ₹220 · lot 68 shares, ₹14,960 at the top · issue ₹178 cr

A Pune-run maker of concrete railway sleepers that also fabricates large steel pipes on site as a subcontractor is issuing ₹145.0 crore of new shares on NSE and BSE at ₹208 to ₹220, mainly for working capital, while a promoter group company offers 15,00,000 shares.

Revenue growth a year
18.1%
Profit, latest year
₹25 cr
P/E at the upper band
23.2× (peer median 14.3×)
Largest customer
40.6% of revenue

Read the offer-document study

Closing this week

IssueBoardClosesSubscribed so far
A-One Steels IndiaMainboard28 Sept7.066627271144197×
Green Asia Impex SMESME1 Oct0.98×
MoneyviewMainboard28 Sept73.03910113002229×
Peshwa Wheat SMESME28 Sept-
Roopa Screen SMESME28 Sept-
AceVectorMainboard29 Sept3.3951344677643287×
Dudani Retail SMESME29 Sept-
German Green Steel and PowerMainboard29 Sept23.205479229470633×
Himalayan Solar SMESME29 Sept1.18×
Orient Cables (India)Mainboard29 Sept61.86422575322285×
Runwal EnterprisesMainboard29 Sept1.2773432797519406×
Sai Urja Indo Ventures SMESME29 Sept-

Allotment this week

IssueBoardAllotment
Adroit Industries (India)Mainboard28 Sept
ArMee InfotechMainboard28 Sept
Coreintegra Consulting Services SMESME28 Sept
Elevate CampusesMainboard28 Sept
Pooja Logistics SMESME28 Sept
Swastika InfraMainboard28 Sept
A-One Steels IndiaMainboard29 Sept
MoneyviewMainboard29 Sept
AceVectorMainboard30 Sept
German Green Steel and PowerMainboard30 Sept
Himalayan Solar SMESME30 Sept
Orient Cables (India)Mainboard30 Sept
Runwal EnterprisesMainboard30 Sept
Bench Mark Infotech Services SMESME30 Sept
Shah Investor's HomeMainboard1 Oct
Srit IndiaMainboard1 Oct

Listing this week

IssueBoardLists
Varmora GranitoMainboard29 Sept
Adroit Industries (India)Mainboard30 Sept
ArMee InfotechMainboard30 Sept
Coreintegra Consulting Services SMESME30 Sept
Elevate CampusesMainboard30 Sept
Pooja Logistics SMESME30 Sept
Swastika InfraMainboard30 Sept
A-One Steels IndiaMainboard1 Oct
MoneyviewMainboard1 Oct

Other weeks

This week's IPOs

The day's IPOs each morning, and allotment the minute it is out, on Telegram

One short post each morning: what opens, closes and lists today, and the new offer-document studies. The allotment status the moment it goes live. An IPO list on Saturdays and the week ahead on Sundays. Each one is a fact and a link, with the figures on the card.

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