India's primary market is gearing up for an action-packed week as investors prepare for two fresh public issues alongside several highly anticipated stock market listings. From the much-awaited SBI Funds Management IPO to the Alpine Texworld issue, and the market debuts of Kusumgar and Laser Power & Infra, the coming days present numerous opportunities for retail participants looking to enter the IPO space.
The Mega IPO of SBI Funds Management
The week's headline event is undoubtedly the SBI Funds Management IPO, which stands as one of the largest public offerings of the year. Investors are keeping a close watch on listing gains, subscription activity, allotment status, and grey market sentiment for these recently concluded and upcoming issues. The SBI Funds Management IPO is scheduled to open for subscription on July 14 and will close on July 16. The company has set a price band of Rs 545 to Rs 574 per share. With an issue size of Rs 11,693 crore, it ranks among the biggest IPOs of 2026.
Distinct from many public issues, this offering is entirely an Offer for Sale (OFS) by the State Bank of India (SBI) and its joint venture partner Amundi. This implies that the proceeds will go directly to the exiting shareholders selling their stake, while the company itself will not receive any fresh capital. Investors are expected to monitor the subscription figures closely over the three-day bidding window. According to the tentative schedule, the IPO allotment is likely to be finalized on July 17, with refunds and the credit of shares into demat accounts occurring by July 20. Subject to exchange approvals, the stock is expected to make its market debut on July 21. SBI Funds Management operates the SBI Mutual Fund, which is India's largest asset management company. Its listing is anticipated to draw significant interest from investors eager to participate in India's rapidly expanding mutual fund sector, buoyed by the rise in SIP investments and growing retail participation.
Alpine Texworld Market Entry
Another public issue launching this week is Alpine Texworld, which will accept bids between July 14 and July 16. The company has fixed its price band at Rs 100 to Rs 105 per share. Retail investors are required to apply for a minimum lot size of 142 shares, which translates to an investment of Rs 14,910 at the upper end of the price band. Unlike the SBI Funds Management IPO, Alpine Texworld is raising fresh capital amounting to Rs 126.25 crore. The company intends to utilize these proceeds to enhance its manufacturing capacity and reduce debt, which could strengthen its growth trajectory. Alpine Texworld specializes in the manufacturing and processing of textile fabrics and maintains production facilities in Gujarat. Investors are advised to assess the company’s expansion plans, financial health, and future demand before subscribing. The IPO allotment is expected to be finalized on July 17, and the shares are tentatively scheduled for listing on July 21.
Kusumgar and Laser Power & Infra Listings
Among the recently concluded IPOs, Kusumgar represents one of the major listings to watch this week. The basis of allotment is anticipated on July 13, followed by refunds and demat credit on July 14. The shares are likely to list on the exchanges on July 15. The IPO was priced between Rs 398 and Rs 419 per share and consisted entirely of an Offer for Sale, meaning the company receives no fresh funds from the issue. Kusumgar manufactures specialized performance fabrics utilized across critical sectors such as defense, aerospace, automotive, and industrial applications. Given the strong subscription levels, market participants will observe whether the stock delivers significant listing gains.
Another notable listing scheduled for this week is Laser Power & Infra. The IPO closed on July 13, and allotment is expected on July 14. Shares are likely to be credited to the demat accounts of successful applicants on July 15, with the stock expected to list on July 16. The company has set a price band of Rs 203 to Rs 214 per share, with a minimum application size of 70 shares, requiring an investment of Rs 14,980 at the upper price band. The Rs 742 crore IPO comprises a fresh issue of Rs 542 crore and an Offer for Sale of Rs 200 crore by existing shareholders. As a portion of the proceeds will go to the company, the funds are expected to support business expansion and future growth. Laser Power & Infra manufactures power cables, conductors, and electrical equipment, while also executing power transmission and distribution projects across the country.
