August 31, 2026: India’s IPO market is heading into a busy week, with 7 IPOs scheduled to open for subscription next week across the mainboard and SME segments.
Author: Aadarsh Patel | EQMint
Three mainboard IPOs, Purple Style Labs, Deepa Jewellers and Rays of Belief, are together looking to raise more than ₹1,265 crore. At the same time, 4 SME IPOs will give investors additional issues to consider.
7 IPOs, 2 Different Segments
The upcoming IPO calendar brings together companies of very different sizes.
The mainboard segment includes Purple Style Labs, Deepa Jewellers and Rays of Belief. The SME segment includes Phychem Technologies, Shanti Inorganics, Ashutosh Fibre and Farm Peace.
For investors, that means the focus will be on comparing business fundamentals, valuations and issue structures rather than simply chasing subscription numbers.
Purple Style Labs IPO
Purple Style Labs is scheduled to open for subscription on August 31.
The IPO is sized at around ₹680 crore and consists entirely of a fresh issue, according to the supplied IPO calendar.
With the largest issue size among the 7 upcoming IPOs, Purple Style Labs will likely attract significant attention during the week.
Deepa Jewellers IPO
Deepa Jewellers is set to open on September 1.
The company is looking to raise approximately ₹459.72 crore. The issue includes a fresh issue component of around ₹1.41 crore along with an offer for sale.
Its issue size makes it the second-largest IPO in the upcoming batch.
Rays of Belief IPO
Rays of Belief will also open on September 1.
The IPO size is approximately ₹125 crore, with the issue comprising a fresh issue.
Together, the 3 mainboard IPOs account for more than ₹1,265 crore of fundraising.
4 SME IPOs Join the Calendar
The SME segment will also remain active, with 4 issues opening during the same period.
Ashutosh Fibre is scheduled to open on August 31 with an issue size of approximately ₹61.25 crore.
Shanti Inorganics will open on August 31 with an issue size of around ₹47.24 crore.
Phychem Technologies is also scheduled to open on August 31, with a public issue of approximately ₹14.58 crore.
Farm Peace will open on September 1 with an issue size of around ₹54.24 crore.
IPO Calendar at a Glance
| IPO | Segment | Opening Date | Issue Size |
|---|---|---|---|
| Purple Style Labs | Mainboard | August 31 | ₹680 crore |
| Ashutosh Fibre | SME | August 31 | ₹61.25 crore |
| Shanti Inorganics | SME | August 31 | ₹47.24 crore |
| Phychem Technologies | SME | August 31 | ₹14.58 crore |
| Deepa Jewellers | Mainboard | September 1 | ₹459.72 crore |
| Rays of Belief | Mainboard | September 1 | ₹125 crore |
| Farm Peace | SME | September 1 | ₹54.24 crore |
What Investors Should Check
With 7 IPOs opening around the same time, investors have several choices competing for the same capital.
Before applying, investors should examine the company’s valuation, revenue and profit growth, debt levels, use of IPO proceeds and the proportion of fresh issue versus offer for sale.
For SME IPOs, trading lot sizes and post-listing liquidity also deserve attention.
Subscription numbers and grey-market premiums can attract attention, but they don’t replace a look at the underlying business.
EQMint Take
7 IPOs in one week makes for a crowded primary market.
The mainboard issues alone are targeting more than ₹1,265 crore, while 4 SME IPOs add further choices for investors.
The smarter approach is to compare each company on its own fundamentals, valuation and growth plans.
An IPO can generate plenty of excitement before listing. The real test begins when the company has to turn public-market capital into business growth.
For more such information visit EQMint
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Disclaimer: This article is not an investment advice and is for educational purpose only.
