Upcoming IPOs this week: Varmora Granito, A-One Steels, Adroit Industries, 16 other issues to open, 14 listings scheduled

A total of 19 initial public offerings will hit the primary market this week. The mainboard issues that will launch include Varmora Granito, Adroit Industries (India), Elevate Campuses, Swastika Infra, ArMee Infotech and A-One Steels India.

The SME offers that will open include Vivekanand Cotspin, FX Multitech, Robokidz Eduventures, Himalaya Nutravedics, Anand Seamless, Sai Urja Indo, Liqvd Digital, SK Offset, Unitec Fibres, Pooja Logistics, Coreintegra Consulting Services, Peshwa Wheat and Bench Mark Infotech Services.

Listings scheduled for this week include NSE, Manika Plastech, Hero Motors, Jindal Supreme, SS Retail, Sonaselection India, Injecto Polymers, Century Business Media, Shakti Polytarp, Quanto Agroworld, Vama Wovenfab, SpectraA Technology Solutions, Kheria Autocomp and Axiom Gas Engineering.

Varmora Granito IPO

Tiles and bathware maker Varmora Granito Ltd's ₹708.02 crore IPO will hit the primary market on September 22. The issue will end on September 24. The price band has been set at ₹140 to ₹148 per share.

The IPO consists of a fresh issue of shares aggregating up to ₹320 crore and an offer for sale (OFS) of 2.62 crore shares worth ₹388.02 crore by investor Katsura Investments.

The company intends to use the proceeds from the fresh issue to clear its debt and repay the borrowings of its subsidiaries -- Covertek Ceramica, Simola Tiles and Varmora Sanitarywares. Also, the funds will be utilised for general corporate purposes.

A lot includes 101 shares and in multiples thereafter.

Varmora Granito offers various high-quality, durable and stylish tiles, including polished vitrified, glazed vitrified, and ceramic tiles.

Adroit Industries IPO

The ₹150.71 crore book-build issue of Adroit Industries (India) Ltd is open from September 23 to September 25. The price range has been fixed at ₹126 to ₹134 per share.

The IPO is a mix of a fresh issue of 98.97 lakh shares valued at ₹132.62 crore and an OFS of ₹18.09 crore by promoter Mukesh Sangla HUF.

The net proceeds from the issue will be used to procure machinery and equipment to enhance operations at the Dewas facility and buy transportation vehicles. The funds will also be invested in subsidiary Adroit Driveshafts Pvt Ltd and for general corporate purposes.

A lot consists of 111 shares and in multiples thereafter.

Adroit Industries makes vertically integrated propeller shafts (also known as a drive shaft or cardan shaft) and related torque-transmission components, with in-house capabilities across forging, heat treatment, precision machining, assembly, balancing and testing. As of July 2026, it offers more than 5,000 SKUs of torque-transmission components and assemblies forming part of driveline systems.

Elevate Campuses IPO

The ₹2,100 crore Elevate Campuses IPO is solely a fresh issuance of 5.80 crore shares, with no OFS component.

The issue will be live from September 23 to September 25. With a price band of ₹343 to ₹362 per share, a lot consists of 41 shares.

The money raised will be used to acquire K-12 entities and campuses, repay certain outstanding borrowings availed by the company and its certain subsidiaries, fund inorganic growth through unidentified acquisitions and general corporate purposes.

Elevate Campuses is an education infrastructure firm involved in owning, operating and managing on-campus student accommodation for higher education institutions and owning K-12 school assets.

Swastika Infra IPO

Leading Power EPC player Swastika Infra's initial share sale will hit the primary market on September 23. The issue will end on September 25. The price band has been set at ₹175 to ₹185 per share.

The ₹160.88 crore issue is a mix of fresh issuance of ₹128.50 crore and an OFS of ₹32.38 crore by promoters Vinay Gupta, Ruchira Gupta, Biren Parnami and Manoj Modi, and investors Ishaan Bhartia and Ishita Bhartia.

The objectives of the issue include funding incremental working capital needs and general corporate purposes.

Retail investors can apply for a minimum of 81 shares and in multiples thereafter.

ArMee Infotech IPO

IT infrastructure solutions and managed services solutions provider ArMee Infotech Ltd's ₹300-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of ₹350 to ₹375 per share.

The three-day issue will conclude on September 25, and shares are proposed to be listed on the NSE and the BSE.

The IPO comprises solely a fresh issue of 80 lakh shares. The fresh funds will be used to expand business by procuring new government/PSU projects, working capital needs, debt clearance and general corporate purposes. A lot includes 40 shares.

A-One Steels IPO

Integrated steel maker A-One Steels India is seeking to raise ₹405 crore through its maiden public offering. The issue will be open from September 24 to September 28. The price band has been fixed at ₹385 to ₹405 per share, and a lot includes 37 shares.

The IPO comprises a fresh issue of shares worth ₹355 crore and an offer for sale (OFS) of shares totalling ₹50 crore by promoters.

The company intends to use net proceeds for repayment of certain outstanding borrowings availed by the firm and general corporate purposes.