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Upcoming IPOs next week: Check Robokidz, FX Multitech, Vivekanand Cotspin, Varmora Granito, Anand Seamless, Himalaya Nutravedics and more IPOs opening September 21–25, 2026.
Avana Electrosystems Limited, a specialist in customized control and relay panels for high-voltage power systems, has announced its entry into the public market via the NSE SME (Emerge) platform. The company aims to raise ₹35.22 crore to fund the establishment of a new integrated manufacturing facility and meet its growing working capital needs.
Defrail Technologies Limited, an RDSO-approved manufacturer of rubber components for the automotive, railway, and defense sectors, has finalized its BSE SME listing plans. The company aims to raise ₹13.77 crore through an entirely fresh issue of shares to fund its capital expenditure and solar power initiatives at its Faridabad facilities.
SBI Funds Management Limited, the asset management arm of the State Bank of India, has officially kicked off its IPO process for a H1 2026 debut. The company has appointed a powerhouse consortium of nine investment banks to manage the ₹11,000–₹12,500 crore public issue, which will see promoters SBI and Amundi divest a combined 10% stake.
