Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

IPO Analysis | BSE and NSE Main Board | 100% Book Built Offer (Fresh Issue and Offer for Sale) | Regulation 6(1) Based on Red Herring Prospectus dated August 1, 2026 | Pallet, Container and Material Handling Equipment Pooling (Asset-as-a-Service Supply Chain Infrastructure) | Mumbai, Maharashtra STATUS: LIVE RHP, ANCHOR BID AUGUST 6, BIDDING OPENS AUGUST 7 AND CLOSES AUGUST 11, 2026 Fresh Issue: up to Rs.4,800 Million | Offer for Sale: up to Rs.20,000 Million by Promoter Vert

IPO Analysis | BSE SME | 100% Book Built Issue (Pure Fresh Issue) | Regulation 229(2) and 253(1) Based on Draft Red Herring Prospectus dated May 18, 2026 | Automotive Components (Lighting, Motor, Mirror and Ancillary Parts) | Aurangabad, Maharashtra STATUS: DRHP FILED | PRE-SEBI OBSERVATION STAGE | ALL BID DATES AND PRICE BAND TO BE DETERMINED Pure Fresh Issue of up to 36,00,000 Equity Shares | No Offer for Sale | BSE SME Platform RoNW of 30.28% (FY25) Exceeds Both Listed Pee

IPO Analysis | BSE and NSE Main Board | 100% Book Built Offer (Fresh Issue and Offer for Sale) | Regulation 6(1) Based on Red Herring Prospectus dated July 27, 2026 | Lead Recycling and Manufacturing of Pure Lead and Lead Alloys | New Delhi STATUS: LIVE RHP, ANCHOR BID AUGUST 4, BIDDING OPENS AUGUST 5 AND CLOSES AUGUST 7, 2026 Fresh Issue: up to Rs.3,200 Million | Offer for Sale: up to 1,99,75,000 Equity Shares by 2 Promoters (Nil WACA) | Main Board Listing on BSE and NSE RoN

IPO Analysis | BSE SME | 100% Book Building Offer (Pure Fresh Issue) | Regulation 229(1) and 253(1) Based on Red Herring Prospectus dated July 27, 2026 | Robotic Solar Panel Cleaning and O&M Automation | Bengaluru, Karnataka STATUS: LIVE RHP, ANCHOR BID AUGUST 3, BIDDING OPENS AUGUST 4 AND CLOSES AUGUST 6, 2026 Pure Fresh Issue of up to 22,58,400 Equity Shares | No Offer for Sale | BSE SME Platform No Comparable Listed Peer Exists | RoNW of 29.93% (FY26) | Patented Robotics T

IPO Analysis | NSE Emerge | 100% Book Built Offer (Fresh Issue and Offer for Sale) | Regulation 229(2) and 253(1) Based on Red Herring Prospectus dated July 28, 2026 | Windmill Tower Manufacturing and Fabrication | Vapi, Gujarat STATUS: LIVE RHP, ANCHOR BID JULY 31, BIDDING OPENS AUGUST 3 AND CLOSES AUGUST 5, 2026 Fresh Issue: up to 52,84,800 Equity Shares | Offer for Sale: up to 13,00,800 Equity Shares by Promoter Nimish Kumar Rameshchandra Vashi | NSE Emerge Platform No Com

IPO Analysis | BSE SME | 100% Book Built Offer (Fresh Issue and Offer for Sale) | Regulation 229(1) and 253(1) Based on Red Herring Prospectus dated July 22, 2026 | Hybrid EdTech (AI enabled Education OTT and Offline Coaching Centres) | Mumbai, Maharashtra STATUS: LIVE RHP, BIDDING OPENS JULY 31, 2026 AND CLOSES AUGUST 4, 2026 Fresh Issue: up to 19,89,400 Equity Shares | Offer for Sale: up to 4,65,800 Equity Shares | Total: up to 24,55,200 Equity Shares BSE SME Platform | Anc

IPO Analysis | BSE SME | 100% Book Built Offer (Fresh Issue and Offer for Sale) | Regulation 229(2) and 253(1) Based on Red Herring Prospectus dated July 24, 2026 | Power Distribution Infrastructure O&M and EPC Services | Mumbai, Maharashtra STATUS: LIVE RHP, ANCHOR BID TODAY (JULY 30, 2026), BIDDING OPENS JULY 31 AND CLOSES AUGUST 4, 2026 Fresh Issue: up to 30,00,000 Equity Shares | Offer for Sale: up to 2,50,000 Equity Shares by 2 Promoters (Nil WACA) | BSE SME Platform Inc

IPO Analysis | BSE SME | 100% Book Built Issue (Pure Fresh Issue) | Regulation 229(2) and 253(1) Based on Red Herring Prospectus dated July 23, 2026 | Plastic Packaging (IML Containers and SAW Pipe End Caps) | Ahmedabad, Gujarat STATUS: LIVE RHP, BIDDING OPENS JULY 30, 2026 AND CLOSES AUGUST 3, 2026 Pure Fresh Issue of up to 37,48,800 Equity Shares | No Offer for Sale | BSE SME Platform Anchor Bid: July 29, 2026 | Only Listed Peer is Mold-Tek Packaging Limited, roughly 14 tim

IPO Analysis | BSE and NSE Main Board | 100% Book Built Issue (Pure Fresh Issue) | Regulation 6(2) Based on Red Herring Prospectus dated July 23, 2026 | Railway Electrical Equipment and IGBT-Based 3-Phase Propulsion Systems | Faridabad, Haryana STATUS: LIVE RHP, ANCHOR BID JULY 29, BIDDING OPENS JULY 30 AND CLOSES AUGUST 3, 2026 Pure Fresh Issue Aggregating up to Rs.2,900.00 Million | No Offer for Sale | Main Board Listing on Both BSE and NSE (Regulation 6(2)) Company Reporte