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

IPO Analysis | NSE and BSE Main Board | 100% Book Built Offer (Fresh Issue and Offer for Sale) | Regulation 6(1) Based on Draft Red Herring Prospectus dated February 1, 2026 | Apparel and Jewellery Retail | Hyderabad, Telangana STATUS: DRHP FILED | Fresh Issue: up to Rs.5,220.00 Million | Offer for Sale: up to 27,000,000 Shares | Regulation 6(1) | NSE and BSE Main Board | Pre-SEBI Observation Stage | 26-Year Operating History | 34 Stores in 4 States Ma

IPO Analysis | NSE and BSE Main Board | 100% Book Built Fresh Issue | Regulation 6(1) Based on Draft Red Herring Prospectus dated January 29, 2026 | IT/ITeS Digital Solutions for Government and Enterprises | Bengaluru, Karnataka STATUS: DRHP FILED | Fresh Issue: up to 1,68,00,000 Shares | No OFS | Regulation 6(1) | NSE and BSE Main Board | Pre-SEBI Observation Stage | 26 Years Operating Track Record | Order Book: Rs.1,280.62 Crore SRIT India Limited (

IPO Analysis | BSE SME Platform | 100% Book Built Fresh Issue | Regulation 229(2) Based on Draft Red Herring Prospectus dated February 16, 2026 | Precision Machined Components | Peenya Industrial Area, Bengaluru, Karnataka STATUS: DRHP FILED | Fresh Issue: up to 50,00,000 Shares | No OFS | Pre-SEBI Observation Stage | BSE SME Platform | Price Band: [TBD] | Confirmed Order Book: Rs.9,594.45 Lakhs Millworks Technologies Limited (MTL) is a Bengaluru, Karna

IPO Analysis | NSE and BSE Main Board | 100% Book Built Fresh Issue | Regulation 6(1) Based on Red Herring Prospectus dated July 8, 2026 | Grey Fabric and Yarn Manufacturing | Paldi Kankaj, Ahmedabad, Gujarat STATUS: RHP FILED | Fresh Issue: up to 1,20,24,000 Shares | No OFS | Regulation 6(1) | NSE and BSE Main Board | Opens July 14, Closes July 16, 2026 | Price Band: [TBD] Alpine Texworld Limited (formerly known as Alpine Spinweave Limited) is a vertic

IPO Analysis | BSE and NSE Main Board | 100% Offer for Sale | India's Largest AMC Based on Red Herring Prospectus dated July 8, 2026 | SBI Mutual Fund Investment Manager | Total QAAUM: Rs.29,46,105 Crore STATUS: RHP FILED | 100% OFS by SBI and Amundi India Holding | No Fresh Issue | Regulation 6(1) | Opens July 14, Closes July 16, 2026 | Price Band: [TBD] | Promoters: SBI, Amundi India Holding, Amundi Asset Management SBI Funds Management Limited (SBIFM

IPO Analysis | BSE and NSE Main Board | Fresh Issue: Rs.950 Crore | OFS: 17,86,09,200 Shares | Regulation 6(2) Based on Draft Red Herring Prospectus dated July 6, 2026 | India's Largest Fitness and Active Lifestyle Platform | 708 Fitness Centers, 77 Cities STATUS: DRHP FILED | No Identifiable Promoter | Regulation 6(2) Route | Pre-SEBI Observation Stage | Fresh Issue: Rs.950 Cr | OFS: Rs.~[TBD] Cr | Adj. EBITDA Positive FY2026 | Still Loss-Making Cu

IPO Analysis | BSE and NSE Main Board | Fresh Issue: Rs.542 Crore | OFS: Rs.200 Crore | Total: Rs.742 Crore Based on Red Herring Prospectus dated July 3, 2026 | Integrated Power Cables, Conductors and EPC | Kolkata, West Bengal STATUS: RHP FILED | Fresh Issue: Rs.542 Crore | OFS: Rs.200 Crore | Regulation 6(1) | BSE and NSE Main Board | Opens July 9, Closes July 13, 2026 | Order Book: Rs.3,243 Crore Laser Power and Infra Limited (LPIL) is a Kolkata, W

IPO Analysis | BSE and NSE Main Board | 100% Offer for Sale | Offer Size: Rs.650 Crore Based on Red Herring Prospectus dated July 1, 2026 | Woven, Coated and Laminated Engineered Fabrics | Vile Parle (West), Mumbai / Gujarat Manufacturing STATUS: RHP FILED | 100% OFS: Rs.650 Crore | No Fresh Issue | Regulation 6(1) Main Board | BSE and NSE | Price Band: [TBD] | 6 Manufacturing Facilities, Gujarat Kusumgar Limited (KL) is a manufacturer of woven, coated,

IPO Analysis | BSE SME Platform | Book Built Offer (Fresh Issue + OFS) | Price Band: [TBD] Based on Red Herring Prospectus dated July 1, 2026 | Industrial Catalysts, Adsorbents and Ceramic Balls | Wadhwan City, Surendranagar, Gujarat STATUS: RHP FILED | Fresh Issue: up to 33,38,000 Shares | OFS: up to 2,50,000 Shares by Promoters | Price Band: [TBD] | Issue Opens: July 9, Closes July 13, 2026 | BSE SME Platform Devson Catalyst Limited (DCL) is a Wadhwan Ci