The Indian stock market’s primary segment is set for a busy week starting 12 January 2026, with Amagi Media Labs IPO leading the mainboard space and five SME IPOs opening for subscription. From media technology to renewable energy and manufacturing, investors will have multiple options to watch and evaluate.

 

Author: Aditya Pareek | EQMint | Market News

Upcoming IPOs to Drive Action in the Indian Stock Market

The Indian stock market IPO calendar is heating up once again as the primary market gears up for an active week starting Monday, 12 January 2026. After a relatively cautious start to the year, investor attention is shifting toward upcoming IPOs, with both mainboard and SME companies lining up for public subscription.

According to data compiled from market trackers, Amagi Media Labs IPO will be the only mainboard issue opening next week. Alongside it, five companies from the SME segment are set to tap the market, making this one of the busiest weeks for IPO subscription activity in January.

Market experts believe that despite volatility in secondary markets, quality upcoming IPOs—especially those with strong fundamentals and clear growth strategies—could continue to attract investor interest.

Amagi Media Labs IPO: Key Details You Should Know

The headline event among upcoming IPOs is the Amagi Media Labs public issue. The cloud-based advertising technology firm is entering the Indian stock market IPO space with a sizeable offering.

Issue Structure

Amagi Media Labs IPO is a book-built issue consisting of:

• • Fresh issue: ₹816 crore

• • Offer for Sale (OFS): ₹973 crore

The total issue size stands at ₹1,789 crore, making it one of the most notable IPO subscription opportunities of the month.

IPO Dates and Price Band

• • IPO opens: Tuesday, 13 January 2026

• • IPO closes: Friday, 16 January 2026

• • Price band: ₹343–₹361 per share

• • Lot size: 41 shares

Use of Proceeds

The company plans to deploy IPO proceeds toward:

• • Investment in advanced technology and cloud infrastructure

• • Funding inorganic growth through acquisitions

• • General corporate purposes

IPO Management

The book-running lead managers include Kotak Mahindra Capital, Citigroup Global Markets, Goldman Sachs (India), IIFL Capital Services, and Avendus Capital. MUFG Intime India Private Limited is the registrar to the issue.

Given its scale and business model, Amagi Media Labs IPO is expected to be closely tracked by institutional and retail investors alike among all upcoming IPOs.

SME IPOs Next Week: Full List and Details

Alongside the mainboard offering, SME IPOs next week will add depth to the Indian stock market IPO pipeline. Five companies across diverse sectors are set to open their IPO subscription windows.

1. Avana Electrosystems IPO

Avana Electrosystems is launching a book-built SME IPO comprising:

• • Fresh issue: 52 lakh shares

• • OFS: 8 lakh shares

• • Total issue size: ₹35.22 crore

IPO dates: 12–14 January 2026

Price band: ₹56–₹59 per share

Lot size: 2,000 shares

The company plans to use funds for capital expenditure, working capital needs, and general corporate purposes. This issue adds to the growing list of SME IPOs next week drawing investor attention.

2. Narmadesh Brass Industries IPO

Narmadesh Brass Industries aims to raise up to ₹44.87 crore through a mix of fresh issue and OFS.

IPO dates: 12–15 January 2026

Price: ₹515 per share

Lot size: 240 shares

Proceeds will be used for loan repayment, machinery purchase, working capital, and general corporate needs. Among upcoming IPOs, this issue stands out due to its higher ticket size in the SME space.

3. INDO SMC IPO

INDO SMC is offering a fully fresh issue of 62 lakh shares to raise ₹91.95 crore.

IPO dates: 13–16 January 2026

Price band: ₹141–₹149 per share

Lot size: 1,000 shares

Funds raised will support capex expansion and working capital requirements, reinforcing the strong pipeline of SME IPOs next week.

4. GRE Renew Enertech IPO

GRE Renew Enertech plans to raise ₹39.56 crore through a fresh issue of 38 lakh shares.

IPO dates: 13–16 January 2026

Price band: ₹100–₹105 per share

Lot size: 1,200 shares

The company intends to use the proceeds to set up a solar power plant, making it a renewable-focused Indian stock market IPO to watch.

5. Armour Security India IPO

Armour Security India will close the week’s upcoming IPOs list with a fresh issue of 47 lakh shares worth ₹26.51 crore.

IPO dates: 14–19 January 2026

Price band: ₹55–₹57 per share

Lot size: 2,000 shares

The company will use the funds for working capital, capex, loan repayment, and general corporate purposes.

What Investors Should Watch in Upcoming IPOs

With multiple IPO subscriptions opening simultaneously, investors should focus on:

• • Business fundamentals and sector outlook

• • Use of proceeds and balance sheet strength

• • Valuation compared to peers

• • Grey market sentiment (for reference only)

While upcoming IPOs offer growth opportunities, experts advise a selective approach, especially amid volatility in the broader Indian stock market IPO landscape.

Conclusion

The coming week promises robust action in the Indian stock market IPO segment, led by the much-anticipated Amagi Media Labs IPO and supported by a diverse set of SME IPOs next week. As IPO subscription windows open across sectors—from adtech and manufacturing to renewable energy—investors will have plenty to evaluate. Careful analysis and disciplined decision-making remain key in navigating this active IPO phase.

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Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. IPO investments are subject to market risks, including potential loss of capital. Readers are advised to consult with certified financial advisors or registered investment professionals before making any investment decisions. The author and publisher are not responsible for any losses arising from the use of this information.