Dalal Street readies for five IPOs raising Rs 2,600 crore next week

What is happening on Dalal Street next week

India’s primary market continues its strong fundraising run as five companies open their initial public offerings next week, aiming to raise nearly Rs 2,600 crore. The upcoming public issues span diverse sectors, including alternative asset management, wastewater treatment, jewellery retail, polymer manufacturing, and special steel processing.

The flurry of offerings underscores sustained capital mobilization on domestic exchanges, supported by resilient domestic liquidity and robust appetite from both retail and institutional investors. So far in 2026, 104 companies have raised more than Rs 1.4 lakh crore through initial public offerings on Indian exchanges.

Details of the five upcoming public issues

Subscriptions will open between 26 October and 29 October. Companies are using the primary market to finance business expansions, meet working capital needs, reduce debt, and acquire capital assets, alongside partial exits by existing shareholders.

The largest issue comes from EAAA India Alternatives, an arm of Edelweiss Financial Services, which seeks Rs 1,200 crore through an entirely offer-for-sale issue. The issue values the firm at Rs 10,765 crore at the top end of the band. It has already secured around Rs 360 crore from anchor investors.

Wastewater treatment provider SFC Environmental Technologies aims to raise Rs 668 crore, including a fresh equity issue of Rs 150 crore alongside an offer for sale of up to 1.57 crore shares. Proceeds from its fresh issue will go towards debt repayment and working capital requirements.

M K Sons Fine Jewels plans to raise Rs 275.4 crore through a fresh issue of 1.36 crore shares and an offer for sale of 34 lakh shares by promoter Ramchand Murlidhar Raimalani. Funds will support new inventory for a planned showroom in Maharashtra, expansion in Gujarat, and debt reduction.

BLS Polymers is raising Rs 255 crore through an entirely fresh issue of 1.7 crore shares, allocating Rs 77.56 crore to expand manufacturing capacity and Rs 89.5 crore to working capital.

Bombay Coated and Special Steels will offer an entirely fresh issue worth Rs 183.1 crore. The company plans to allocate Rs 125 crore for debt repayment and Rs 15.7 crore to acquire capital equipment currently leased from Siemens Financial Services.

Strong pipeline signals sustained market momentum

Merchant bankers indicate that more companies are lined up to enter the primary market shortly, including Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech, and AGS Health. These firms are expected to announce price bands and timeline details by 5 November, ahead of the extended post-Diwali observance of Labh Pancham in Gujarat from 6 November to 15 November.

The continued surge in corporate fundraising reflects stable economic governance, strong domestic investor participation, and enduring trust in Indian equity markets.