9 IPOs Worth ₹4,405 Cr and 4 Listings Set for Feb 23-27

9 IPOs Worth ₹4,405 Cr and 4 Listings Set for Feb 23-27 | Quick Digest
The upcoming week, starting February 23, 2026, is set to be bustling for India's primary market, with nine initial public offerings collectively aiming to raise approximately ₹4,405 crore. This period will also witness the market debut of four companies, including Gaudium IVF and Manilam Industries.

Key Highlights

  • Nine IPOs are scheduled to open for subscription.
  • These IPOs aim to raise a total of approximately ₹4,405 crore.
  • Four companies are slated for market listing.
  • Mainboard IPOs include Clean Max, Shree Ram Twistex, PNGS Reva, and Omnitech Engineering.
  • SME IPOs such as Kiaasa Retail and Accord Transformer & Switchgear are also opening.
  • Listings include Gaudium IVF, Manilam Industries, Fractal Industries, and Yashhtej Industries.
The Indian primary market is poised for significant activity in the week commencing February 23, 2026, with a total of nine public issues opening for subscription and four companies making their stock market debuts. The initial public offerings (IPOs) collectively aim to raise an estimated ₹4,405.05 crore, featuring a mix of mainboard and Small and Medium Enterprise (SME) issues. Leading the mainboard segment is Clean Max Enviro Energy Solutions, which plans to raise ₹3,100 crore through a combination of fresh shares and an offer-for-sale. The IPO is scheduled to open on February 23, 2026, and close on February 25, 2026, with a price band of ₹1,000 to ₹1,053 per share. Clean Max, recognized as India's largest commercial and industrial renewable energy provider, had already secured ₹921 crore from anchor investors on February 20, 2026. Its shares are tentatively slated for listing on March 2, 2026, on both the BSE and NSE. Another significant mainboard offering is Shree Ram Twistex, a cotton yarn manufacturer, aiming to mobilize ₹110.24 crore through a fresh issue of 1.06 crore equity shares. This IPO will also be open from February 23 to February 25, 2026, with a price band of ₹95-104 per share, and is expected to list on March 2, 2026. PNGS Reva Diamond Jewellery will launch its IPO from February 24 to February 26, 2026, seeking to raise ₹380 crore entirely through a fresh issue, with a price band set between ₹367 and ₹386 per share. Its shares are expected to list on March 4, 2026. Omnitech Engineering, a manufacturer of high-precision engineered components, completes the list of mainboard IPOs opening next week. This ₹583 crore issue, comprising both fresh shares and an offer-for-sale, will be open from February 25 to February 27, 2026, with a price band of ₹216-227 per share, and is projected to list on March 5, 2026. In addition to these mainboard offerings, several SME IPOs are also scheduled to open for subscription. These include Kiaasa Retail, a women's ethnic wear brand, which aims to raise ₹69.72 crore through a fresh issue from February 23 to February 25, 2026. Accord Transformer & Switchgear, an electrical power and distribution equipment manufacturer, is launching a ₹25.59 crore IPO with a similar subscription window. Mobilise App Lab, a software solutions provider, is targeting ₹20.10 crore through its IPO, also opening on February 23 and closing on February 25, 2026. Striders Impex, a company involved in licensing and distributing toys and kids' consumer merchandise, is set to open its IPO on February 26, 2026, to mobilize ₹36.29 crore. Finally, Yaap Digital is also expected to launch an SME IPO, raising ₹80.11 crore through a fresh issue, with bidding from February 25 to February 27, 2026. Cumulatively, these nine IPOs — Clean Max Enviro Energy Solutions (₹3,100 crore), Shree Ram Twistex (₹110.24 crore), PNGS Reva Diamond Jewellery (₹380 crore), Omnitech Engineering (₹583 crore), Kiaasa Retail (₹69.72 crore), Accord Transformer & Switchgear (₹25.59 crore), Mobilise App Lab (₹20.10 crore), Striders Impex (₹36.29 crore), and Yaap Digital (₹80.11 crore) — total approximately ₹4,405.05 crore, confirming the headline's claims. Beyond new issues, the week will also see four companies making their stock market debut. Gaudium IVF and Women Health, a mainboard entity, is scheduled to list on February 27, 2026. In the SME segment, Fractal Industries will list on February 24, 2026, followed by Yashhtej Industries on February 25, 2026, and Manilam Industries on February 27, 2026. This makes the coming week a highly active period for investors keen on India's primary market offerings and listings.

Frequently Asked Questions

Which major IPOs are opening in India in the week of February 23-27, 2026?

The mainboard IPOs opening in India in the week of February 23-27, 2026, include Clean Max Enviro Energy Solutions, Shree Ram Twistex, PNGS Reva Diamond Jewellery, and Omnitech Engineering.

What is the total estimated amount to be raised by IPOs in India next week?

Approximately ₹4,405 crore is expected to be raised through nine public issues opening in India in the week of February 23-27, 2026.

Which companies are listing on the stock exchanges in India in the week of February 23-27, 2026?

Four companies are scheduled for listing in the week of February 23-27, 2026: Gaudium IVF and Women Health (mainboard), and Fractal Industries, Yashhtej Industries, and Manilam Industries (SME).

What is the business of Clean Max Enviro Energy Solutions, and how much is its IPO size?

Clean Max Enviro Energy Solutions is India's largest commercial and industrial renewable energy provider. Its IPO size is ₹3,100 crore, with shares priced between ₹1,000 and ₹1,053.

Are there any SME IPOs opening next week?

Yes, several SME IPOs are opening, including Kiaasa Retail, Accord Transformer & Switchgear, Mobilise App Lab, Striders Impex, and Yaap Digital.

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