India’s primary market is set for a busy week beginning February 23, 2026, with a total of nine initial public offerings (IPOs) collectively aiming to raise more than ₹4,400 crore. In addition to new public issues, four companies are also scheduled to make their stock market debut during the same period.
Multiple IPOs Opening for Subscription
According to primary market data, five IPOs will open for subscription on February 23, including two from the mainboard segment and three from the SME category. Among them, Clean Max Enviro Energy Solutions plans to raise around ₹3,100 crore, making it the largest public issue of the week. The offering includes both fresh shares and an offer for sale by existing stakeholders.
Another mainboard issue opening the same day is Shree Ram Twistex, a cotton yarn manufacturer, which seeks to mobilise approximately ₹110 crore through a fresh share issuance.
Three SME segment IPOs, Mobilise App Lab, Kiaasa Retail, and Accord Transformer & Switchgear, will also begin subscriptions on February 23, together targeting relatively smaller fundraising amounts.
Additional IPO Launches During the Week
On February 24, PNGS Reva Diamond Jewellery will open its ₹380-crore mainboard IPO. This will be followed on February 25 by Omnitech Engineering’s mainboard issue, alongside SME offering Yaap Digital. The final IPO of the week, Striders Impex, is scheduled to open on February 26.
Overall, SME segment IPOs during the week are expected to raise close to ₹232 crore collectively.
Listings and Closures
Apart from new offerings, two IPOs, Gaudium IVF & Women Health and Manilam Industries India, are scheduled to close their subscription windows during the week. Meanwhile, four companies, including Gaudium IVF, are expected to list on the stock exchanges between February 24 and February 27.
