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.
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