Kratikal Tech, Vinit Mobile, Teja Engineering among six SME IPOs opening for subscription on June 30

The domestic IPO market witnessed a significant revival in June 2026, with as many as seven mainboard IPOs and 25 SME IPOs launched this month. Besides this, large companies like Jio Platforms, NSE, Zepto and others also filed their initial IPO papers for approval.

One of the primary reasons behind this IPO flood is upbeat sentiment in the stock markets. The fall in global crude oil prices from record high levels after a peace deal between the US and Iran has improved investors' sentiment towards the domestic markets.

On June 30 2026, as many as six Small and Medium Enterprises (SME) are launching their IPOs. Out of these, Teja Engineering Industries and Vinit Mobile IPO will list on the NSE SME exchange, while the rest of the companies will list on the BSE SME platform.

Kratikal Tech (Issue size: ₹40 crore)

The company earns revenue from two main business segments. The first is people security management, which includes the Threatcop product suite comprising TSAT, TLMS, TDMARC and TPIR. The second is technology & process security services, which include VAPT, compliance and GRC services, Virtual CISO (vCISO) advisory services and the AI-powered AutoSecT platform.

The company's customers include both small businesses and large enterprises operating in industries such as BFSI, fintech, telecom, IT/ITES, healthcare, pharmaceuticals, e-commerce and manufacturing across India as well as international markets. From a geographical perspective, India contributed 70.9% of FY26 revenue. Among international markets, the UAE contributed 9.6%, the USA contributed 8.1%, and Saudi Arabia contributed 5.5% of total revenue.

IPO objectives

Teja Engineering Industries (Issue size: ₹37 crore)

Its services include Operation & Maintenance (O&M), Erection & Commissioning (E&C), Instrument Calibration, Non-Destructive Testing (NDT), and testing and servicing of Safety Relief Valves (SRVs). TEIL has a presence across 15 states. It has completed more than 300 CNG compressor station projects and currently provides O&M services to over 550 units across the country. Its O&M business has grown significantly, with the number of O&M contracts increasing from 243 in FY23 to 533 by August 2025. During the same period, E&C projects were reduced from 59 to 25.

IPO objectives

Vinit Mobile (Issue size: ₹34 crore)

The company operates through three retail brands: Vinit Mobile Limited, VR Mobile and RJ Mobile. As of the date of RHP, the company operated 24 stores under Vinit Mobile Limited, 8 stores under VR Mobile and 3 stores under RJ Mobile. Retail stores have grown from 19 in FY24 to 35 as of the date of RHP. Average revenue per store per annum increased from ₹0.22 lakhs in FY23 to ₹249.95 lakhs in FY25.

IPO objectives

Atharva Polyplast (Issue size: ₹27 crore)

The company manufactures a diversified range of plastic components catering to the furniture, home appliance, and automobile industries, including products such as back frames, star bases, armrests (1D/3D/4D), headrests, and lumbar supports for the furniture segment; chiller trays, crispers, freezer doors, and AC ODU fans for home appliances; and headlamp covers, meter covers, seat buckets, and instrument cluster covers for the automobile segment.

Geographically, Maharashtra remains the dominant revenue contributor, accounting for 89.81% of sales for 10MFY26, followed by Karnataka at 10.00%. The international sales to the USA contributed 0.69% of revenue in FY25.

IPO objectives

Sampark India Logistics (Issue size: ₹27 crore)

The company offers both Full Truckload (FTL) and Less Than Truckload (LTL) transportation services. As of the date of the RHP, the company had a network of 50 branch offices across 18 states. It owns a fleet of 56 commercial vehicles, consisting of five small vehicles and 51 heavy commercial vehicles. These vehicles are equipped with GPS-enabled tracking systems and electronic locking mechanisms, which allow customers to monitor shipments in real time and enhance cargo security throughout transit.

The company's revenue is derived from three primary sources: First is freight and logistics services, second is warehouse operations, and lastly, rental income from trucks and GPS devices. During 9MFY26, freight income remained the dominant contributor, accounting for 77.61% of total revenue. Warehouse operation income contributed 3.53%, while unbilled freight income (road shipment) accounted for 18.86% of total revenue.

IPO objectives

Seemax Resources (Issue size: ₹20 crore)

It provides material handling equipment on rent along with value-added services such as Annual Maintenance Contracts (AMC), preventive maintenance, on-call technical support, and trained operators under the rental solutions segment. As of December 31, 2025, the company owned a fleet of 97 material handling equipment units, including battery forklifts, diesel forklifts, Hydra cranes, Battery Operated Pallet Trucks (BOPT), and reach trucks.

IPO objectives