Upcoming IPOs Next Week: SBI Funds, Alpine and One More Issue to Open; GMP Soars Up to ₹390

The primary market is set for another busy week as three new Initial Public Offerings (IPOs) are scheduled to open for subscription. Investors will have the opportunity to bid for the SBI Funds Management IPO, Millworks Technologies IPO, and Alpine Texworld IPO. While SBI Funds Management and Alpine Texworld are launching on the mainboard, Millworks Technologies is entering the market through the SME IPO segment.

Among the three, Millworks Technologies is attracting significant attention in the grey market, with a Grey Market Premium (GMP) of around ₹390, indicating strong investor interest ahead of its public issue.

SBI Funds Management IPO Details

The ₹11,692.91 crore SBI Funds Management IPO will open for subscription on July 14 and close on July 16.

Key Highlights

IPO Size: ₹11,692.91 crore

Subscription Dates: July 14–16

Price Band: ₹545–₹574 per share

Lot Size: 26 shares

Listing Segment: Mainboard

According to market trackers, the Grey Market Premium (GMP) for the IPO is currently around ₹88. However, investors should note that GMP is unofficial and can change significantly before listing.

SBI Funds Management is the asset management company behind SBI Mutual Fund, one of India's largest mutual fund houses.

Millworks Technologies IPO Details

The Millworks Technologies SME IPO comprises 48.44 lakh fresh equity shares with a total issue size of ₹160.34 crore.

Key Highlights

IPO Size: ₹160.34 crore

Fresh Issue: 48.44 lakh shares

Subscription Dates: July 14–16

Price Band: ₹315–₹331 per share

Lot Size: 400 shares

Listing Segment: SME

The company plans to use the IPO proceeds for:

Purchase of plant and machinery

Working capital requirements

Capital expenditure

General corporate purposes

According to InvestorGain, the IPO is currently commanding a Grey Market Premium (GMP) of around ₹390, making it the highest GMP among next week's IPOs.

Alpine Texworld IPO Also Opens Next Week

Another IPO opening next week is Alpine Texworld Limited, which will be listed on the mainboard.

The company is also expected to attract investor attention, although its pricing details and latest GMP remain under watch.

Which IPO Has the Highest GMP?

Based on the latest grey market trends:

Millworks Technologies IPO: ₹390 GMP

SBI Funds Management IPO: ₹88 GMP

At present, Millworks Technologies is leading the grey market with the highest premium, suggesting strong listing expectations. However, investors should remember that Grey Market Premium is an unofficial indicator and does not guarantee listing gains.