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This month has also seen a sharp increase in fundraising, with mainboard IPOs raising around ?38,785 crore, the biggest monthly fundraise since October last year, when 10 issues raised ?45,188 crore. View More

Mumbai: September has emerged as the busiest month in nearly three decades for mainboard initial public offerings (IPOs), with 30 issues so far, the highest monthly count since December 1996, when 33 issues were launched in a month. This month has also seen a sharp increase in fundraising, with mainboard IPOs raising around ₹38,785 crore, the biggest monthly fundraise since October last year, when 10 issues raised ₹45,188 crore. National Stock Exchange's ₹22,561-crore IPO , the largest so far this year, is the top contributor to this month's tally. The small and medium enterprise segment has also seen a sharp increase in activity, with 37 issues launched in September, the highest monthly count since the same month last year. These issues have raised around ₹1,486 crore, providing smaller companies with access to the equity markets . Agencies Live Events Average Size 400 crore The surge in primary market activity has taken place as the secondary market has remained volatile, with continued foreign investor selling , hardening bond yields, tighter global monetary conditions and geopolitical tensions pushing crude oil prices higher. "The exuberance in the primary market this September cannot be read in isolation... the backdrop it sits against has turned uneasy," said Aamar Deo Singh , head of research at Angel One . "Volatility has been the theme for a few quarters now, and with the geopolitical churn around oil and the manoeuvring of the big powers refusing to settle, money the world over has grown jumpy. It chases whatever window opens and pulls back at the first hint of trouble." Of the 30 mainboard IPOs launched during the month, only six had an issue size of more than ₹1,000 crore, while the rest were relatively smaller offerings, with an average size of around ₹400 crore. Experts said strong domestic liquidity has been an important factor supporting IPO activity, with SIP flows continuing to provide a steady source of capital for equities. Strong demand for several new issues has also encouraged companies to tap the primary market despite volatility in the broader market. More than half the money raised through mainboard IPOs this year has come through offer-for-sale (OFS) transactions. Of the ₹1.12 crore raised through mainboard IPOs so far this year, ₹66,630 crore has come through the OFS route. SMALL IS BIG The small and medium enterprise (SME) segment has also witnessed a sharp increase in the number of issues, although experts said the sustainability of the pace will depend increasingly on the quality of companies coming to market. "The September SME IPO surge isn't really about market timing; it's about a pipeline that's been building for months finally hitting the market before financials age out and companies need fresh audited numbers," said Rajesh Singla, CEO and fund manager at Alpha AMC & Planify. Volatility in the broader indices does not necessarily deter SME issuers to the same extent as mainboard companies, as investor interest in the segment is also influenced by sector-specific growth opportunities and retail participation. Singla expects the pace of SME IPOs to continue through the rest of the year. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Runwal Enterprises has set its IPO price band at Rs 290-305 per share, with the Rs 500 crore fresh issue opening Friday and closing September 29. The Mumbai-focused developer has 88.37 million square feet of developable area across residential and non-residential projects. View More

Realty developer Runwal Enterprises has set the price band for its initial public offering at Rs 290-305 per equity share of face value Rs 2 each, with the issue set to open on Friday and close on September 29. The IPO is entirely a fresh issue of equity shares aggregating up to Rs 500 crore. The company has 131,391,436 equity shares outstanding as on date. The issue will be made through the book-building process, the developer said in a release. As of March 31, 2026, the company had a total developable area and estimated developable area, in the case of upcoming projects, of 88.37 million square feet across 19 completed projects, 28 ongoing projects and 33 upcoming projects. Its residential portfolio accounted for 74.58 million sq ft, while its non-residential portfolio stood at 13.80 million sq ft as of March end. In addition to its focus on affordable and mid-income housing through projects in Dombivli and Mulund West, it is also executing luxury residential projects in key locations including Bandra, Mahalaxmi and Girgaum in south Mumbai. Live Events It is also expanding geographically from Mumbai to peripheral areas like Alibaug. The company has been focussing on asset-light growth through joint development agreements, development agreements and joint ventures. The developer recently entered a joint venture with Blackstone-backed Nexus Select Trust, India’s maiden listed retail real estate investment trust (REIT) to develop a 730,000 sq ft Grade-A urban retail mall in Dombivli near Mumbai. Last year, Japanese conglomerate Nishi-Nippon Railroad Co Ltd (Nishitetsu) formed a partnership with Runwal Enterprises to jointly develop a commercial project with a gross development value of Rs 2,000 crore at Kurla, near the city’s Bandra-Kurla Complex business district. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Dinesh Thakkar, founder of one of India’s biggest retail stockbrokers, Angel One, has bought a luxury residential tower in Mumbai for ?711 crore, marking the most expensive known purchase of a single residential unit in the country, as per Bloomberg.  View More

Sunil Singhania-led Abakkus Asset Manager has filed its DRHP with SEBI for a 15-million-share OFS IPO. The company reported Rs 796 crore revenue and Rs 327 crore PAT in FY26, alongside strong growth in non-mutual fund assets and PMS. View More

Abakkus Asset Manager Ltd., led by veteran investor Sunil Singhania , has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on September 22, 2026 for going public with an IPO. The proposed initial public offering (IPO) will comprise an Offer for Sale (OFS) of 15 million equity shares, each having a face value of Rs 2. Since the issue is entirely an OFS, the proceeds from the share sale will go to existing selling shareholders. The IPO is expected to have a 50% allocation for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. An employee reservation portion is also proposed as part of the issue structure. Strong Financial Growth Abakkus has reported a sharp improvement in its financial performance over the past three fiscal years, reflecting the rapid expansion of its asset management platform. Live Events For FY26, the company reported revenue of Rs 796 crore, up from Rs 707 crore in FY25 and Rs 479 crore in FY24. Profit after tax (PAT) rose to Rs 327 crore in FY26, compared with Rs 258 crore in FY25 and Rs 205 crore in FY24. The numbers highlight the company's consistent growth trajectory, with both revenue and profitability expanding significantly over the period. Founded on a research-driven investment philosophy, Abakkus Asset Manager focuses on long-term wealth creation through fundamental investing, disciplined portfolio construction and prudent risk management. The company offers a diversified range of investment solutions across four major business verticals: Alternates: Category III Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS), Offshore and Other Products: Registered Investment Advisory (RIA) services and the Aryabhata Fund, a UCITS fund, Private Equity: Category I and Category II AIFs, and Mutual Funds According to the ICRA Report, Abakkus has emerged as one of the fastest-growing India-focused asset management platforms in terms of non-mutual fund quarterly average assets under management (QAAUM). Its QAAUM recorded a CAGR of 18.39% between FY24 and FY26. The company has also strengthened its position in India's discretionary Portfolio Management Services segment. As of March 31, 2026, Abakkus ranked fourth in the total equity strategy discretionary PMS segment, with assets under management of Rs 185,381.40 million and a 5.25% market share, according to the ICRA Report. Who Is Behind the IPO? The promoters of Abakkus Asset Manager include Sunil Banwarilal Singhania, Kanchan Sunil Singhania, Abakkus Expert Professionals LLP, SUKK Family Trust and Ecosmart Climate Solutions Private Limited. The IPO's book-running lead managers are Axis Capital , ICICI Securities, IIFL Capital and JM Financial , while KFin Technologies Ltd. will act as the registrar to the issue. The filing marks an important milestone for the Sunil Singhania-led investment platform and sets the stage for what could be one of the notable asset management IPOs in India's financial services space. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

ICICI Bank leases 3,347 sq ft Pune office for ?2.5 lakh a month; footprint at property rises to 6,141 sq ft View More

As per BSE data, Action Construction stock has jumped 50% in the last six months, while year-to-date, the stock has gained 32%. The stock hit a 521-week high of ?1,267.05 on 21 September, while it hit a 52-week low of ?746.10 on 30 March. View More

NSE IPO allotment: The Rs 22,562-crore NSE IPO, which was subscribed 5.71 times overall, is likely to finalise share allotment today. Investors can check their allotment status online through the registrar MUFG Intime, with NSE shares scheduled to list on the BSE on September 24. View More

The allotment of shares for the National Stock Exchange’s ( NSE ) Rs 22,562-crore IPO is likely to be finalised today, following a strong response to the issue during its three-day bidding period. India’s second-largest subscribed 5.71 times overall. Once the allotment is finalised, investors will be able to check online whether they have been allotted NSE shares . The stock is scheduled to make its BSE debut on September 24, 2026. Kotak Mahindra Capital Company Ltd., Morgan Stanley India Company Pvt. Ltd. and HSBC Securities & Capital Markets (India) Pvt. Ltd. are the book-running lead managers for the issue, while MUFG Intime India Pvt. Ltd. is the registrar. NSE shares are expected to list on the BSE on September 24. Read more: NSE IPO Tracker: Catch all the highlights here How to check NSE IPO allotment online: 1. Registrar’s Website Live Events Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)Select National Stock Exchange of India from the drop-down menu.Enter your PAN, application number, or DP/Client ID.Click Submit to view your allotment status. 2. BSE Website ( https://www.bseindia.com/investors/appli_check) Select Equity under issue type.Select National Stock Exchange of India from the dropdown.Enter your application number OR PAN number.And fill the captcha and click search to view allotment. NSE IPO GMP today The NSE IPO’s grey market premium (GMP) is currently around Rs 65, or 4%, over the upper price band of Rs 1,785. This puts the estimated listing price at around Rs 1,850 per share, suggesting expectations of a moderate listing gain. Read more: A record run! NSE IPO draws Rs 90,000 crore demand, takes subscription crown among India’s 5 largest offerings NSE IPO business model NSE is India’s largest stock exchange and runs a vertically integrated platform across trading, clearing, listing, data services and index licensing. Its products span cash market, futures, options, mutual funds, commodity derivatives, currency derivatives, wholesale debt market and interest rate futures. The exchange has held the top position in India by cash market turnover and equity derivatives turnover from FY01 to FY26. As of June 2026, NSE supported 132.4 million unique registered investors, 1,328 trading members and 3,005 listed entities with market capitalisation of about Rs 474.1 trillion. NSE IPO strengths NSE's biggest strength is its near-dominant market position. Its market share stood at about 93% in the cash market, 99.7% in equity futures and 68.5% in equity options by premium turnover as of June 2026. YES Securities said almost all of India’s listed equity trading risk flows through one platform. It said NSE’s advantage is not just pricing, but a liquidity cycle where orders go where spreads are tight, companies list where trading activity exists, and deeper markets attract more participants. Read more: Two SME IPOs open for subscription today: Anand Seamless and Himalaya Nutravedics — check key details NSE IPO financials NSE reported revenue from operations of Rs 16,601 crore in FY26, down 3.1% from Rs 17,141 crore in FY25. Profit after tax fell to Rs 10,302 crore from Rs 12,188 crore. In Q1, revenue stood at Rs 4,560 crore, while PAT came in at Rs 3,120 crore. Despite the fall in FY26 profit, margins remain strong. SBI Securities pegged NSE’s EBITDA margin at 67.6% in FY26 and 77.9% in Q1. PAT margin stood at 62.1% in FY26 and 68.4% in Q1. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

This year has seen a remarkable surge in unlisted shares, particularly with MSEI, witnessing a staggering rise of approximately 108% year-to-date in the unlisted market. Simultaneously, CSE shares have gained momentum, echoing the trend amidst increasing investor interest in smaller exchanges following the NSE IPO filing. Factors such as revival plans and enhanced broker integrations are fueling this noteworthy shift. View More

As the National Stock Exchange ( NSE ) turns its sights to a Dalal Street debut after closing its IPO subscription window, investor attention is spilling over to smaller, unlisted exchanges that have seen sharp gains this year. The mega IPO drew around Rs 90,000 crore in demand, setting a new subscription benchmark among India’s five largest offerings, as qualified institutional buyers (QIBs) stepped up bidding on the final day. The NSE is set to list on the BSE on September 24. Meanwhile, shares of the Metropolitan Stock Exchange of India (MSEI) and Calcutta Stock Exchange (CSE) have rallied sharply in the unlisted market in 2026. For all action on NSE IPO, click here According to data shared by Unlisted Arena, MSEI shares have risen about 108% year-to-date, from around Rs 3.25 at the start of 2026 to Rs 6.70-6.75 currently. The stock was priced at about Rs 1.20 in September 2021 and was around Rs 3.80 a year ago, the data showed. Live Events CSE shares have also seen a sharp increase. Unlisted Arena data puts the current price at around Rs 2,600, compared with approximately Rs 1,500 in January-February 2026. The stock was around Rs 850 in 2021, according to the data. Manan Doshi, co-founder of Unlisted Arena, said MSEI shares are among the most traded unlisted stocks in India and have been in focus following investments by Zerodha, Groww and other brokers. “Since then, we have seen the stock move on both sides, depending largely on the sentiment around developments at the exchange,” Doshi said. Recent media reports about leading brokers potentially testing integration with MSEI and offering clients an option to trade on the exchange have renewed investor interest, he said. Also Read | A record run! NSE IPO draws Rs 90,000 crore demand, takes subscription crown among India’s 5 largest offerings “Going ahead, it will be important to see what shape these efforts take and, more importantly, how the exchange’s plans to become a full-fledged exchange actually progress,” Doshi said. CSE has also attracted investor interest amid plans to revive the exchange, Doshi said. “It remains to be seen how the revival plans take shape and whether they can translate into meaningful activity on the exchange,” he added. Krishna Patwari, founder and managing director of Wealth Wisdom India, attributed the recent interest in MSEI and CSE to three factors: the NSE IPO, developments around CSE's revival and developments at MSEI. “With India's largest exchange having filed its draft prospectus with SEBI, investors are looking for other ways to get exposure to market infrastructure, and that has put these two exchanges in focus,” Patwari said. CSE revival On CSE, Patwari said the West Bengal finance minister announced on June 22, 2026 that the state would support reviving the exchange. CSE's unlisted price subsequently moved from about Rs 900 in early June to around Rs 2,700, he said. According to Patwari, CSE's board, in its August 19 annual report, decided to ask SEBI to keep its February 2025 voluntary-exit application on hold. The board has also recommended a 1:2 bonus issue, he said. Patwari also pointed to CSE's financials, saying the exchange booked a one-off gain of Rs 249.28 crore from sub-leasing three acres at E.M. Bypass for Rs 253 crore. This took its FY26 net worth to about Rs 406 crore, against a market capitalisation of around Rs 167 crore, he said. However, CSE's trading platform has been idle since April 2013, Patwari noted. The exchange still has 1,507 listed companies and around 500 registered brokers, but restarting the platform would require SEBI approval and an anchor investor meeting capital and fit-and-proper requirements, he said. CSE's FY26 profit of about Rs 216 crore came almost entirely from the one-time land gain, according to Patwari. Excluding that gain, revenue was about Rs 22 crore and core operations were loss-making, he said. The land proceeds are held in an escrow account with a SEBI lien for exit-related liabilities, Patwari added. MSEI gains traction MSEI, meanwhile, is an operating regulated exchange, Patwari said. Its FY26 revenue rose to Rs 59 crore from Rs 17 crore, while its loss before tax narrowed to Rs 26 crore from Rs 35 crore a year earlier. Its net worth increased from Rs 397 crore to Rs 1,369 crore following fresh equity, he said. MSEI also recently enabled a tokenised corporate bond issuance on its Electronic Bond Platform under SEBI's Demat 2.0 pilot, using blockchain-based distributed ledger technology, according to Patwari. The first transaction was IIFL Finance 's Rs 25 crore issue, settled against the RBI's wholesale digital rupee. Patwari said the initiative is currently institutional-only, with secondary-market trading and retail access planned for later phases. NSE has also conducted its own Rs 1,000 crore tokenised issuance involving REC and L&T, he noted, describing MSEI's initiative as part of a shared pilot rather than an exclusive advantage. On valuations, Patwari said MSEI's market capitalisation is around Rs 7,587 crore, or about 5.5 times book value, on a Rs 59 crore revenue base. He also pointed to volatility in MSEI's unlisted price, which rose from around Rs 3 to a peak of Rs 13 around the turn of 2024-25 before giving back roughly half of those gains. For CSE, any revival would require SEBI clearance and an anchor investor, while for MSEI, real trading volumes and secondary bond trading would be important milestones, Patwari said. “Unlisted shares are not exchange-traded, so liquidity is thin and investors should size positions accordingly,” Patwari said. Disclosure: This article has been written by Kumar Gaurav, who is not a SEBI-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Sonaselection India IPO allotment status is likely to be finalised today. The Rs 141.57-crore public issue was subscribed 2.01 times. Investors can check their share allotment status online via KFin Technologies, BSE, and NSE websites. The stock is set to list on September 24, 2026. View More

Investors in the Sonaselection India IPO could see the much-awaited allotment status today. After the issue was subscribed 2.01 times overall, investors are now awaiting the basis of allotment and looking ahead to the company's stock-market debut. The Rs 141.57-crore Sonaselection India IPO is expected to finalise its allotment today, allowing investors to check online whether they have been allotted shares. The company's shares are scheduled to make their debut on both the BSE and NSE on September 24, 2026. Currently, the IPO's grey market premium (GMP) is zero, indicating expectations of a flat listing. However, GMP trends are unofficial and can change before the listing. The IPO, which opened on September 17, 2026, and closed on September 21, 2026, was subscribed 2.01 times overall. The retail investor portion was subscribed 2.50 times, while the non-institutional investor (NII) category was subscribed 2 times and the qualified institutional buyer (QIB) portion 1.16 times. The Sonaselection India book-built issue comprises entirely a fresh issue of 1.43 crore equity shares, with no offer-for-sale (OFS) component. Live Events The company's shares are tentatively scheduled to debut on September 24. The stock is proposed to be listed on both the NSE and BSE. The IPO has set a price band of Rs 94 to Rs 99 per share, with investors able to bid in lots of 150 shares. At the upper end of the price band, retail investors will require a minimum investment of Rs 14,850 for one lot. Read more: NSE IPO Tracker: Catch all the highlights here Choice Capital Advisors Pvt. Ltd. is serving as the book-running lead manager for the issue, while KFin Technologies Ltd. has been appointed as the registrar. Investors can check their allotment status through any of the following platforms: 1. KFin Technologies (Registrar) Visit the KFin Technologies IPO allotment page ( https://ipostatus.kfintech.com/) Select Sonaselection India from the drop-down menu. Enter your PAN, application number, or DP/Client ID. Click Submit to view your allotment status. 2. NSE Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)Select Equity.Choose Sonaselection India from the list.Enter your application number and PAN to check the status. 3. BSE Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_checkNow tick Equity under issue type.Choose Sonaselection India from the dropdown menu.Enter your application number or PAN.Complete the captcha verification and click Search to view your allotment details. IPO Objects of the Issue The company proposes to utilise the net proceeds of the issue primarily towards repayment and/or pre-payment, in full or part, of certain borrowings, amounting to Rs 80.00 crore. This is intended to strengthen the company’s financial position and reduce its debt obligations. Further, Rs 50.61 crore will be utilised to fund capital expenditure for the purchase of plant and machinery at the company’s existing manufacturing facility located at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara, Rajasthan. The remaining proceeds will be used for general corporate purposes, with the total deployment amounting to Rs 130.61 crore. Financial Performance Sonaselection India Ltd. reported a strong financial performance in FY26, with total income increasing by 64% to Rs 517.60 crore from Rs 316.47 crore in FY25. Profitability also improved significantly, with Profit After Tax (PAT) rising 83% to Rs 34.02 crore in FY26, compared with Rs 18.56 crore in FY25. This reflects a notable improvement in the company’s overall earnings performance. Read more: Two SME IPOs open for subscription today: Anand Seamless and Himalaya Nutravedics — check key details About Sonaselection India Incorporated in February 2022, Sonaselection India Ltd. is an integrated textile manufacturing and processing company producing value-added fabrics. Its product portfolio includes 100% cotton, cotton lycra (stretch), cotton blends and polyester blends, along with processing of cotton, polyester-viscose (P/V) and polyester fabrics. The company transitioned from a job-work processing model to a manufacturing-led model after acquiring a textile processing unit in 2022 and commissioning a cotton fabric processing plant in July 2024. Read more:Three SME IPOs to debut today: Vama Wovenfab, Shakti Polytarp and Quanto Agroworld — Check GMP ahead of listing Located in Bhilwara, Rajasthan, the manufacturing facility spans approximately 49,540 sq. metres and has an installed processing capacity of 82.44 million metres per annum. Equipped with modern machinery, the facility undertakes bleaching, dyeing and finishing processes. With an integrated manufacturing and job-work model, the company focuses on quality control, efficient processing and timely delivery, catering to diverse apparel and textile applications. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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Three SME IPOs—Vama Wovenfab, Shakti Polytarp and Quanto Agroworld—made their D-Street debut on Tuesday, with all three stocks opening largely flat against their issue prices. The IPOs collectively raised over Rs 107 crore, while grey market signals remained mixed, with Shakti Polytarp commanding the strongest GMP ahead of listing. View More

The SME IPO segment saw a busy session on Tuesday, with Vama Wovenfab, Shakti Polytarp and Quanto Agroworld making their D-Street debuts. All three stocks opened largely flat against their respective issue prices. Vama Wovenfab shares opened at Rs 341 apiece on the BSE SME platform, unchanged from the IPO price. Shakti Polytarp also made a muted debut, listing at Rs 58.90 apiece, marginally below its issue price of Rs 59. Quanto Agroworld listed at Rs 66.99 apiece on the BSE SME platform, nearly in line with its IPO price of Rs 67. Ahead of the listings, grey market activity remained mixed. Shakti Polytarp was commanding a GMP of 10%, while Vama Wovenfab was trading at a 1% premium. Quanto Agroworld, meanwhile, had no GMP in the grey market ahead of its debut. Live Events Collectively, the three SME IPOs have raised more than Rs 107 crore, although they differ in terms of issue size, pricing and investor ticket size. Vama Wovenfab has the largest issue of the three at Rs 49.54 crore, followed by Quanto Agroworld at Rs 31.02 crore and Shakti Polytarp at Rs 26.93 crore. Read more: NSE IPO Tracker: Catch all the highlights here Vama Wovenfab IPO The Vama Wovenfab IPO is a Rs 49.54 crore issue, comprising an entirely fresh issue of 14.53 lakh shares. The price band was fixed at Rs 324–Rs 341 per share, with a lot size of 400 shares. For retail investors, the minimum application was 800 shares, translating into an investment of Rs 2,72,800 at the upper end of the price band. The IPO opened on September 15 and closed on September 17. The company is scheduled to make its BSE SME debut on September 22. Gretex Corporate Services Ltd. served as the book-running lead manager, while Maashitla Securities Pvt. Ltd. acted as the registrar. Vama Wovenfab was commanding a GMP of 1%, or Rs 3, in the grey market. At the upper price band of Rs 341, the estimated listing price based on the latest GMP works out to around Rs 344 per share. Shakti Polytarp IPO The Shakti Polytarp IPO is a Rs 26.93 crore issue, comprising an entirely fresh issue of 45.64 lakh shares. The company had fixed the price band at Rs 56–Rs 59 per share, with a lot size of 2,000 shares. Retail investors needed to bid for at least 4,000 shares, taking the minimum investment to Rs 2,36,000 at the upper end of the price band. For HNI investors, the minimum application was three lots, or 6,000 shares, requiring an investment of Rs 3,54,000. The IPO opened on September 15 and closed on September 17. The company is scheduled to list on the BSE SME platform on September 22. NEXGEN Financial Solutions Pvt. Ltd. served as the book-running lead manager, while Skyline Financial Services Pvt. Ltd. acted as the registrar. Shakti Polytarp was commanding a 10% GMP in the grey market. Based on the upper price band of Rs 59, this indicates an estimated listing price of around Rs 65 per share. Read more: Two SME IPOs open for subscription today: Anand Seamless and Himalaya Nutravedics — check key details Quanto Agroworld IPO The Quanto Agroworld IPO is a Rs 31.02 crore fixed-price issue, comprising an entirely fresh issue of 46.30 lakh shares. The final issue price was fixed at Rs 67 per share. The lot size is 2,000 shares, while retail investors must apply for a minimum of 4,000 shares. At the issue price of Rs 67, this translates into a minimum investment of Rs 2,68,000. Quanto Agroworld's IPO opened on September 15 and closed on September 17. The company is scheduled to make its BSE SME debut on September 22. Sobhagya Capital Options Pvt. Ltd. served as the book-running lead manager, while MUFG Intime India Pvt. Ltd. acted as the registrar. Read more: NSE IPO allotment likely today: GMP at 4%; here's how to check status Quanto Agroworld was showing no GMP in the grey market ahead of its listing. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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