Upcoming IPOs Next Week: 7 New Initial Public Offerings Opening for Bidding With Strong Investor Interest

The Indian primary market is gearing up for a bustling week ahead, with seven new Initial Public Offerings (IPOs) scheduled to open for subscription starting Monday, August 31, 2026. Offering exciting opportunities for retail and institutional investors alike, the upcoming lineup features a balanced mix of four Small and Medium Enterprise (SME) issues and three mainboard offerings.

SME Category IPO Lineup and Details

Four companies are set to launch their SME public offerings early next week, running from August 31 to September 2, 2026:

• Ashutosh Fibers: Priced between ₹87 and ₹92 per share with a lot size of 1,200 shares. Market observers note a strong Grey Market Premium (GMP) of approximately ₹37.

• Shanti Inorganics: Offering shares in the price band of ₹79 to ₹83 with a lot size of 1,600 shares, currently commanding a healthy GMP of around ₹31.

• Phychem Technologies: Available at a price band of ₹52 to ₹54 with a lot size of 2,000 shares, carrying a modest GMP of ₹2.

• Farm Peace: Operating as a fixed-price issue at ₹59 per share with a lot size of 2,000 shares. Its current GMP stands at zero.

Mainboard IPOs: Purple Style Labs, Deepa Jewellers, and Rage of Belief

Three prominent mainboard IPOs will hit the market next week, providing larger investment avenues for public participants:

• Purple Style Labs: Opens August 31 and closes September 2, with a price band of ₹546 to ₹575 per share and a lot size of 26 shares. Its current GMP is tracked at ₹34.

• Deepa Jewellers: Opens September 1 and closes September 3, offering shares in the price band of ₹168 to ₹177 with a lot size of 84 shares. This issue currently records the highest mainboard momentum with a notable GMP of around ₹53.

• Rage of Belief: Opens September 1 and closes September 3, with a price band set between ₹227 and ₹239 per share and a lot size of 62 shares. Its current GMP is recorded at zero.

Investors are advised to thoroughly review company red herring prospectuses (RHP) and monitor shifting grey market trends, as GMP valuations remain dynamic and subject to change leading up to the official listing dates.