India’s primary market remains active in the final week of September 2026. Investors have multiple opportunities as several mainboard and SME IPOs open for subscription, while a few issues close and others prepare for listing. This week features a mix of technology, engineering, jewellery, agro, and consulting companies seeking public capital.
Below is a clear overview of the key IPOs opening or remaining open during this period, based on exchange calendars and market reports as of September 29, 2026. Always verify the latest details on the official BSE/NSE websites or company prospectus before applying, as dates and figures can see minor revisions.
Overview of the IPO Pipeline This Week
Around 15–20 issues (mainboard + SME) are in play between September 28 and October 5. Four mainboard IPOs dominate attention, while the SME segment offers higher-risk, higher-potential smaller issues. Total capital sought across these offerings is in the range of several hundred crores. Market sentiment has been supportive for well-subscribed recent listings, though grey market premiums (GMP) remain modest for most new issues.
Mainboard IPOs Opening or Active This Week
1. SRIT India Limited
- Open: September 28 – September 30, 2026
- Price Band: ₹123 – ₹130 per share
- Issue Size: Approximately ₹218.40 crore (fresh issue)
- Lot Size: Around 115 shares (minimum investment near ₹14,950 at upper band)
- Listing: Expected early October on BSE and NSE
SRIT India is focused on technology and related services. The issue has drawn early interest from institutional and retail investors.
2. Shah Investor’s Home Limited
- Open: September 28 – September 30, 2026
- Price Band: ₹159 – ₹167 per share
- Issue Size: Approximately ₹90.17 crore
- Lot Size: Approximately 85–90 shares
- Listing: Expected around October 6
This financial services-related company aims to raise capital for business expansion. Subscription levels should be monitored closely in the final days.
3. Vishal Nirmiti Limited
- Open: September 30 – October 5, 2026 (approx.)
- Price Band: ₹208 – ₹220 per share
- Issue Size: Approximately ₹178 crore
- Minimum Investment: Around ₹14,960
- Listing: Mid-October expected
Vishal Nirmiti operates in the construction or infrastructure-related space. It is one of the larger mainboard issues opening later in the week.
4. Nityas Gems and Jewellery Limited
- Open: September 30 – October 5, 2026
- Price Band: ₹70 – ₹75 per share
- Issue Size: Approximately ₹108 crore
- Lot Size: 200 shares (minimum investment near ₹15,000)
This jewellery company targets retail and institutional investors with a relatively accessible price band.
Key SME IPOs Opening This Week
SME issues typically require higher minimum investment (often ₹2–3 lakh) and carry greater volatility. Notable ones include:
- Black Opal Consultants IPO (BSE SME): Opens September 29 – October 1. Price band ₹185–₹197. Issue size ~₹55 crore.
- Vans Electroengineerings IPO (BSE SME): Opens September 29 – October 1. Price band ₹112–₹118. Issue size ~₹34 crore.
- Papadmalji Agro Foods IPO (NSE SME): Opens September 29 – October 1. Price band ₹69–₹72. Smaller agro-focused issue.
- EverestIMS Technologies IPO (BSE SME): Opens September 29 – October 5. Price band ₹80–₹85. Issue size ~₹48 crore.
Additional SME names such as Dove Soft, Omara Ventures India, SJP Ultrasonics, Paramount Syntex, Eventions, and Acme India Industries are scheduled to open around September 30. These cover software, electronics, ultrasonics, and industrial segments.
Issues Closing This Week and Upcoming Listings
Several mainboard IPOs that opened earlier in the week (including AceVector, Orient Cables, German Green Steel, and Runwal Enterprises) close around September 29. High subscription levels have been reported for some of these.
Listings expected around September 29–30 include Varmora Granito, Moneyview, A-One Steels, and a few SME names. Recent listings have shown mixed but generally positive debuts, with some delivering strong premiums.
How to Apply for These IPOs
- Open or use an existing demat and trading account with a SEBI-registered broker.
- Apply via ASBA (through net banking) or UPI-linked applications on broker apps.
- Choose the cut-off price (usually the upper band) for better allotment chances in oversubscribed issues.
- Submit before the closing deadline (typically 5 PM or as specified).
- Check allotment status on the registrar’s website a few days after closure.
Retail investors should note category-wise reservation and apply only what they can afford to hold long-term.
Factors to Consider Before Investing
- Company Fundamentals: Review the Draft Red Herring Prospectus (DRHP) or Red Herring Prospectus for financials, promoter background, and use of proceeds.
- Valuation and GMP: Grey market premiums are indicative only and can change rapidly.
- Market Conditions: Broader equity market trends, interest rates, and sector outlook influence listing performance.
- Risk: IPOs carry risk of listing at a discount. SME issues are particularly volatile.
- Diversification: Avoid putting a large portion of capital into a single IPO.
Past performance of recent IPOs shows that strong subscription and positive sector trends often support better listing gains, but this is not guaranteed.
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Frequently Asked Questions (FAQ)
Q1. Which are the biggest mainboard IPOs this week?
SRIT India (₹218 crore) and Vishal Nirmiti (₹178 crore) are among the larger ones. Shah Investor’s Home and Nityas Gems are smaller but accessible.
Q2. When do the SME IPOs open?
Several open on September 29 (Black Opal, Vans Electroengineerings, Papadmalji Agro, EverestIMS). More follow on September 30.
Q3. What is the minimum investment for mainboard vs SME?
Mainboard issues usually require ₹14,000–₹15,000 per lot. SME issues often start from ₹2 lakh or more.
Q4. How can I check live subscription status?
Visit the BSE or NSE IPO pages. Data is updated periodically during the bidding window.
Q5. Is GMP a reliable indicator?
No. Grey market premium reflects unofficial demand but does not guarantee listing gains. Focus on fundamentals.
Q6. When will allotment and listing happen?
Allotment is typically finalized 2–3 days after closing. Listing usually follows within a week of allotment.
Q7. Can NRIs apply?
Yes, subject to the specific IPO’s eligibility and FEMA guidelines. Check the prospectus.
Q8. Should beginners invest in these IPOs?
Only after research and with money they can afford to risk. Consider starting with established mainboard names rather than high-risk SMEs.
Q9. Where can I read the full prospectus?
On the company website, SEBI website, or BSE/NSE portals under the IPO section.
Q10. What if an IPO is oversubscribed?
Allotment is done via lottery for retail category. Higher subscription reduces individual chances but indicates strong demand.
Conclusion
This week offers a balanced mix of mainboard stability and SME growth potential. Investors are advised to study each company’s business model, financial health, and growth prospects carefully. Market conditions can shift quickly, so stay updated with official announcements. Investing in IPOs should form only a small part of a well-diversified portfolio. Consult a SEBI-registered advisor if needed, and never invest solely based on hype or GMP figures.
