The Indian IPO market is heading into another busy week, with 9 new IPOs scheduled to open for subscription between August 24 and August 27, 2026.
The upcoming IPO lineup includes both Mainboard and SME issues, covering sectors such as pharmaceuticals, logistics, engineering, infrastructure, power equipment, healthcare and textiles.
Among the biggest issues in the upcoming IPO calendar are Symbiotec Pharmalab IPO, Lumino Industries IPO, Skyways Air Services IPO and Hy-Tech Engineers IPO.
Based on currently disclosed issue sizes, the eight IPOs with available issue-size information are looking to raise more than ₹3,492 crore from the primary market, while Kwick Forensic Solutions is also scheduled to open later in the week.
Upcoming IPOs Next Week – Full List
| IPO Name | Segment | Open Date | Close Date | Price Band | Issue Size | GMP* |
|---|---|---|---|---|---|---|
| Skyways Air Services IPO | Mainboard | Aug 24 | Aug 27 | ₹131–₹138 | ₹582.80 Cr | ₹45 |
| Symbiotec Pharmalab IPO | Mainboard | Aug 24 | Aug 27 | ₹938–₹988 | ₹1,757 Cr | ₹320 |
| Hy-Tech Engineers IPO | Mainboard | Aug 24 | Aug 27 | ₹50–₹53 | ₹135.73 Cr | ₹22 |
| Annu Projects IPO | Mainboard | Aug 25 | Aug 28 | ₹94–₹99 | ₹175.06 Cr | ₹0 |
| Lumino Industries IPO | Mainboard | Aug 27 | Aug 31 | ₹78–₹82 | ₹700 Cr | ₹43 |
| Madhur Knit Crafts IPO | SME | Aug 24 | Aug 27 | ₹95–₹100 | ₹53.27 Cr | N/A |
| ABH Healthcare IPO | SME | Aug 24 | Aug 27 | ₹96–₹102 | ₹34.98 Cr | N/A |
| Sumax Engineering IPO | SME | Aug 25 | Aug 28 | ₹95–₹101 | ₹53.40 Cr | ₹20 |
| Kwick Forensic Solutions IPO | SME | Aug 27 | Aug 31 | To be announced | To be announced | ₹16 |
*GMP is unofficial and can change at any time.
1. Symbiotec Pharmalab IPO
Symbiotec Pharmalab IPO is the largest issue in next week's IPO lineup.
The IPO will open on August 24, 2026, and close on August 27, 2026. The company is looking to raise approximately ₹1,757 crore through a combination of a fresh issue and an offer for sale.
Key Details
- IPO Open Date: August 24, 2026
- IPO Close Date: August 27, 2026
- Price Band: ₹938–₹988
- Issue Size: ₹1,757 crore
- Lot Size: 15 Shares
- Minimum Investment: ₹14,820
- Listing: BSE & NSE
- Expected Listing: September 1, 2026
- Latest Reported GMP: ₹320
The fresh issue is approximately ₹150 crore, while the majority of the issue consists of an offer for sale.
Symbiotec operates in the pharmaceutical and biotechnology sector, with business activities covering active pharmaceutical ingredients, nutritional ingredients and specialty products.
2. Skyways Air Services IPO
Skyways Air Services IPO is another major Mainboard IPO opening on August 24.
The company is looking to raise approximately ₹582.80 crore through the IPO.
Key Details
- IPO Open Date: August 24, 2026
- IPO Close Date: August 27, 2026
- Price Band: ₹131–₹138
- Issue Size: ₹582.80 crore
- Lot Size: 100 Shares
- Minimum Investment: ₹13,800
- Listing: BSE & NSE
- Expected Listing: September 1, 2026
- Latest Reported GMP: ₹45
Skyways Air Services operates in logistics and freight forwarding, including air and ocean freight forwarding, warehousing, customs broking, trucking and technology-enabled cargo delivery.
The company has also attracted institutional attention ahead of the IPO through its anchor book.
3. Hy-Tech Engineers IPO
Hy-Tech Engineers IPO will also open on August 24.
The company is looking to raise approximately ₹135.73 crore through a combination of fresh issue and offer for sale.
Key Details
- IPO Open Date: August 24, 2026
- IPO Close Date: August 27, 2026
- Price Band: ₹50–₹53
- Issue Size: ₹135.73 crore
- Lot Size: 283 Shares
- Minimum Investment: ₹14,999
- Listing: BSE & NSE
- Expected Listing: September 1, 2026
- Latest Reported GMP: ₹22
Hy-Tech Engineers manufactures hydraulic fittings for industrial applications and supplies products to sectors including construction machinery, automotive, agriculture and hydraulic systems.
4. Madhur Knit Crafts IPO
Madhur Knit Crafts IPO is an SME issue scheduled to open on August 24.
Key Details
- IPO Open Date: August 24, 2026
- IPO Close Date: August 27, 2026
- Price Band: ₹95–₹100
- Issue Size: ₹53.27 crore
- Lot Size: 1,200 Shares
- Minimum Investment: ₹1,20,000
- Platform: NSE SME
- Expected Listing: September 1, 2026
Madhur Knit Crafts operates in the textile industry and manufactures fabrics, blankets, winter textiles, garments and related textile products.
5. ABH Healthcare IPO
ABH Healthcare IPO is another SME issue opening on August 24.
Key Details
- IPO Open Date: August 24, 2026
- IPO Close Date: August 27, 2026
- Price Band: ₹96–₹102
- Issue Size: ₹34.98 crore
- Lot Size: 1,200 Shares
- Platform: NSE SME
- Expected Listing: September 1, 2026
The issue consists entirely of a fresh issue.
Investors should note that SME IPOs can have substantially higher minimum application amounts and different liquidity characteristics compared with Mainboard IPOs.
6. Annu Projects IPO
Annu Projects IPO will open on August 25, 2026.
The company plans to raise approximately ₹175.06 crore through an entirely fresh issue.
Key Details
- IPO Open Date: August 25, 2026
- IPO Close Date: August 28, 2026
- Price Band: ₹94–₹99
- Issue Size: ₹175.06 crore
- Lot Size: 151 Shares
- Minimum Investment: ₹14,949
- Listing: BSE & NSE
- Expected Listing: September 2, 2026
- Latest Reported GMP: ₹0
Annu Projects operates in the engineering, procurement and construction segment, with projects covering telecom infrastructure, sewerage infrastructure and gas pipelines.
7. Sumax Engineering IPO
Sumax Engineering IPO will open on August 25 and is an SME issue.
Key Details
- IPO Open Date: August 25, 2026
- IPO Close Date: August 28, 2026
- Price Band: ₹95–₹101
- Issue Size: ₹53.40 crore
- Lot Size: 1,200 Shares
- Minimum Investment: ₹1,21,200
- Platform: NSE SME
- Expected Listing: September 2, 2026
- Latest Reported GMP: ₹20
The company is raising funds through a combination of fresh issue and offer for sale.
The high minimum application amount makes this issue particularly important for investors to evaluate carefully before applying.
8. Lumino Industries IPO
Lumino Industries IPO is scheduled to open on August 27, 2026.
The company plans to raise approximately ₹700 crore, making it the second-largest issue among the upcoming IPOs after Symbiotec Pharmalab.
Key Details
- IPO Open Date: August 27, 2026
- IPO Close Date: August 31, 2026
- Price Band: ₹78–₹82
- Issue Size: ₹700 crore
- Lot Size: 182 Shares
- Minimum Investment: ₹14,924
- Listing: BSE & NSE
- Expected Listing: September 3, 2026
- Latest Reported GMP: ₹43
Lumino Industries operates in manufacturing and EPC activities, with a focus on conductors, power cables, electrical wires and products used in power transmission and distribution.
9. Kwick Forensic Solutions IPO
Kwick Forensic Solutions IPO is scheduled to open on August 27, 2026, making it the final new IPO expected to enter the market during the week.
Key Details
- IPO Open Date: August 27, 2026
- IPO Close Date: August 31, 2026
- Segment: SME
- Price Band: To be announced
- Issue Size: To be announced
- Latest Reported GMP: ₹16
- Expected Listing: September 3, 2026
The final price band, issue size and lot-size information should be updated once the company releases the relevant issue details.
IPO Opening Schedule – Next Week
Monday, August 24
- Symbiotec Pharmalab IPO
- Skyways Air Services IPO
- Hy-Tech Engineers IPO
- Madhur Knit Crafts IPO
- ABH Healthcare IPO
Tuesday, August 25
- Annu Projects IPO
- Sumax Engineering IPO
Thursday, August 27
- Lumino Industries IPO
- Kwick Forensic Solutions IPO
Which IPOs Have the Highest Reported GMP?
Based on the latest available unofficial GMP data, Symbiotec Pharmalab currently has the highest absolute GMP among the upcoming issues, followed by Lumino Industries, Skyways Air Services, Hy-Tech Engineers and Sumax Engineering.
However, GMP should be viewed only as an unofficial market sentiment indicator. It can change significantly before the IPO closes and does not guarantee the actual listing price.
Mainboard vs SME IPOs Next Week
The upcoming IPO calendar provides a mix of opportunities across both segments.
Mainboard IPOs
- Symbiotec Pharmalab
- Skyways Air Services
- Hy-Tech Engineers
- Annu Projects
- Lumino Industries
SME IPOs
- Madhur Knit Crafts
- ABH Healthcare
- Sumax Engineering
- Kwick Forensic Solutions
Investors should remember that SME IPOs can have higher minimum investment requirements and different trading and liquidity characteristics compared with Mainboard issues.
What Should Investors Check Before Applying?
Before applying for any IPO, investors should consider:
- Company financial performance
- IPO valuation
- Price-to-earnings ratio
- Debt levels
- Promoter holding
- Fresh issue versus offer for sale
- Use of IPO proceeds
- Lot size and minimum investment
- Subscription demand
- GMP trend
- Business and industry risks
Investors should avoid making an IPO decision solely on the basis of GMP.
Upcoming IPOs Next Week – Summary
The final week of August is set to remain highly active for India's primary market, with 9 new IPOs currently scheduled to open across Mainboard and SME segments.
With large issues such as Symbiotec Pharmalab and Lumino Industries alongside Skyways Air Services, Hy-Tech Engineers and Annu Projects, investors will have several IPOs to track during the week.
GMP, subscription data, anchor-book participation and valuation will be among the key factors to watch as these issues move toward their opening dates.
IPO GMP Disclaimer
Grey Market Premium (GMP) is an unofficial and unregulated indicator and can change at any time. GMP does not represent the actual listing price and should not be considered a guarantee of listing gains.
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