India’s primary market is set for another busy week, with five initial public offerings (IPOs) scheduled to open between October 26 and October 29. Following the much-awaited Jio Platforms IPO last week, investors will have opportunities to explore issues from EAAA India Alternatives, SFC Environmental Technologies, MK Sons Fine Jewels, BLS Polymers, and Bombay Coated and Special Steels.
Together, the five companies are looking to raise approximately ₹2,600 crore. Their businesses span alternative investments, polymers, jewellery retail, wastewater treatment, and steel processing. The funds raised will support different objectives, including business expansion, working capital requirements, and debt repayment. Some of the IPOs will also allow existing shareholders to sell part or all of their holdings.
IPO Market Activity Remains Strong in 2026
India’s primary market has maintained a steady pace of fundraising this year. In October, Jio Platforms launched a ₹30,213 crore IPO, making it the country’s largest public offering to date.
So far in 2026, a total of 104 companies have raised more than ₹1.4 lakh crore through IPOs. Several other businesses, including Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech, and AGS Health, are also preparing to enter the public market.
EAAA India Alternatives and BLS Polymers IPO Details
EAAA India Alternatives IPO
EAAA India Alternatives, a subsidiary of Edelweiss Financial Services, will open its IPO on October 26 and close on October 28. The company has fixed the price band at ₹1,585–₹1,665 per share. At the upper end of the band, its valuation stands at approximately ₹10,765 crore.
The company aims to raise ₹1,200 crore through the offering. The issue is entirely an offer for sale (OFS), meaning existing Edelweiss Group shareholders will sell their stakes. As a result, the company itself will not receive any proceeds from the IPO. Before the public issue, it had raised around ₹360 crore from anchor investors.
- IPO GMP: ₹33
- Indicated listing gain: 1.98%
BLS Polymers IPO
The BLS Polymers IPO will open on October 27 and close on October 29. The company has set a price band of ₹142–₹150 per share and plans to raise ₹255 crore by issuing 1.7 crore new equity shares.
Of the proceeds, ₹77.56 crore will be allocated to expanding the manufacturing facility and increasing production capacity. Another ₹89.5 crore is earmarked for working capital requirements, while the remaining funds will be used for general corporate purposes.
- IPO GMP: ₹38
- Indicated listing gain: 25.33%
MK Sons Fine Jewels and SFC Environmental Technologies IPO Details
MK Sons Fine Jewels IPO
The MK Sons Fine Jewels IPO is scheduled to open on October 28 and close on October 30. The company has set a price band of ₹153–₹162 per share and aims to raise approximately ₹275.4 crore.
The offering will include 1.36 crore fresh equity shares. In addition, promoter shareholder Ramchand Murlidhar Raimalani will sell 34 lakh shares through the offer for sale component.
The company plans to use the funds to meet inventory requirements for a new showroom in Maharashtra and expand an existing showroom in Gujarat. The proceeds will also support the repayment or prepayment of certain borrowings and general corporate expenses.
- IPO GMP: ₹7
- Indicated listing gain: 4.32%
SFC Environmental Technologies IPO
SFC Environmental Technologies, which provides wastewater treatment solutions, is launching an IPO worth ₹668 crore. The price band has been set at ₹313–₹330 per share. At the upper end of the band, the company’s valuation is approximately ₹3,233 crore. The bidding process will close on October 29.
The issue includes a fresh share offering worth ₹150 crore, while promoters and existing shareholders will sell up to 1.57 crore shares through an offer for sale. The funds raised through the fresh issue will be used to repay debt and meet working capital requirements.
- IPO GMP: ₹32
- Indicated listing gain: 9.70%
Bombay Coated and Special Steels IPO and Investor Considerations
The Bombay Coated and Special Steels IPO will open on October 29 and close on November 2. The company has fixed its price band at ₹78–₹82 per share and plans to raise approximately ₹183.1 crore through a fresh issue of equity shares.
The company intends to use ₹125 crore to repay or prepay certain borrowings. A further ₹15.7 crore will be used to cover the cost of acquiring capital equipment under an existing lease arrangement with Siemens Financial Services. The remaining proceeds will be allocated to general corporate purposes.
- IPO GMP: ₹8
- Indicated listing gain: 9.76%
Grey market premium (GMP) figures are unofficial and can change significantly before listing. They should not be treated as a reliable prediction or guarantee of listing gains.
Before investing in any of these IPOs, investors should examine the company’s business model, financial position, valuation, intended use of funds, and associated risks. It is also important to distinguish between a fresh issue, in which the company receives the proceeds, and an offer for sale, in which existing shareholders sell their shares.
Disclaimer: This article is intended for informational and educational purposes only and should not be considered investment advice. IPO details, grey market premiums, and potential listing gains may change. Investors should review the official offer documents, assess their risk tolerance, and consult a qualified financial adviser before making investment decisions.