EAAA India Alternatives, SFC Environmental Technologies and three other companies will open public offerings next week, extending a record-breaking run of Indian share sales.
Five companies are set to test India’s primary market next week with initial public offerings that together aim to raise nearly Rs 2,600 crore, underscoring the continued appetite for new listings even after a busy month for share sales.
The slate includes EAAA India Alternatives, SFC Environmental Technologies, M K Sons Fine Jewels, BLS Polymers and Bombay Coated and Special Steels. According to the company announcements and market reports, the offerings will open between October 26 and October 29 and span businesses in alternative investments, wastewater treatment, jewellery retail, polymers and steel processing.
The most closely watched of the five is EAAA India Alternatives, an arm of Edelweiss Financial Services, which plans to launch a Rs 1,200 crore issue on October 26. The entire offering is an offer for sale, meaning the company itself will not receive any proceeds. The price band has been fixed at Rs 1,585 to Rs 1,665 a share, and the issue values the business at Rs 10,765 crore at the upper end. Ahead of the public sale, the company has already raised about Rs 360 crore from anchor investors.
SFC Environmental Technologies is set to follow with a Rs 668 crore issue closing on October 29. The wastewater treatment group has priced shares at Rs 313 to Rs 330, implying a valuation of roughly Rs 3,233 crore at the top of the range. Its public issue combines a fresh equity raising of Rs 150 crore with an offer for sale by promoters and existing shareholders. The fresh proceeds are earmarked for debt reduction and working capital.
M K Sons Fine Jewels will open its Rs 275.4 crore IPO on October 28, with the subscription window closing on October 30. The jewellery retailer has set a price band of Rs 153 to Rs 162 a share. The issue mixes new shares with a secondary sale by promoter Ramchand Murlidhar Raimalani. The company intends to use the money for inventory tied to a new showroom in Maharashtra, an expansion in Gujarat, debt repayment and other corporate needs.
BLS Polymers is scheduled to open its Rs 255 crore public issue on October 27, while Bombay Coated and Special Steels will launch its Rs 183.1 crore offering on October 29. Both are fresh issues. BLS Polymers plans to direct most of the proceeds towards expanding manufacturing capacity and meeting working capital needs, while Bombay Coated and Special Steels intends to repay borrowings, finance equipment purchases linked to an existing lease arrangement with Siemens Financial Services and cover general corporate expenses.
The pipeline is not stopping there. Merchant bankers are reportedly preparing several more companies, including Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech and AGS Health, for possible price-band announcements and launch plans by November 5. That timing matters because markets in Gujarat are expected to be affected by the extended Diwali holiday period, including Labh Pancham observances from November 6 to 15. The latest batch of issues follows a strong month for the primary market, after Jio Platforms brought to market the country’s biggest-ever public issue at Rs 30,213 crore. So far in 2026, 104 companies have raised more than Rs 1.4 lakh crore through IPOs, a sign that investor demand for new listings remains robust.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
