Upcoming IPOs next week: SBI Mutual Fund, Alpine Texworld, Millworks Technologies issues to open; 4 listings scheduled

The week starting July 12 will see two mainboard initial public offerings, including SBI Funds Management and Alpine Texworld, hit the primary market. An SME issue of Millworks Technologies will also open for subscription.

Listings that are scheduled for next week include Kusumgar, Laser Power & Infra, Devson Catalyst and Happy Steels.

SBI Funds Management IPO

The ₹11,692.91 crore initial share sale of SBI Funds Management, which manages SBI Mutual Fund, will open on July 14 and end on July 16. The price range has been set at ₹545 to ₹574 per share.

The issue is solely an offer for sale (OFS) of 20.37 crore shares by promoters State Bank of India and Amundi India Holding.

"Our company expects that listing of the equity shares will enhance our visibility and brand image as well as provide a public market for the equity shares in India," the red herring prospectus (RHP) said.

A lot consists of 26 shares and multiples thereof. The asset management company (AMC) has reserved half of the offer for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors.

Established in 1993, SBI Fund Management is the largest AMC in India based on assets under management (AUM). It offers a wide range of investment products such as debt funds, equity funds, hybrid funds, assets under management (AUM) and ETFs.

Alpine Texworld IPO

The ₹126.25 crore public issue of textile maker Alpine Texworld will be live from July 14 to July 16. The IPO is a fresh issuance of 1.20 crore shares.

The funds raised will be used to finance the establishment of a new weaving unit at the proposed manufacturing facility, repay certain outstanding borrowings and cover corporate general purposes.

With a price band of ₹100 to ₹105 per share, the application size for a lot is 142 shares.

Alpine Texworld is involved in dyeing and processing fabrics. The Ahmedabad-based company had posted a 150% increase in its consolidated post-tax profit to ₹21.45 crore in FY26 as against ₹8.58 crore a year back. Revenue from operations climbed 44.41% to ₹342.71 crore in FY26 compared to ₹237.32 crore in the year-ago period.

Millworks Technologies IPO

The SME issue of Millworks Technologies seeks to raise ₹160.34 crore via fresh issuance of 48.44 lakh shares. The issue is open from July 14 to July 16.

The money generated will be utilised for funding capital expenditure towards the purchase of plant and machinery, working capital needs and general corporate purposes.

With a price band of ₹315 to ₹331 per share, a lot consists of 400 shares. The minimum investment for an individual investor is two lots.

Millworks Technologies is a precision engineering and manufacturing firm, specialising in the design, development, and production of high-precision components and assemblies for the aerospace, railway, defence, drone, metro rail and semiconductor industries.