India’s primary market is gearing up for one of its busiest fundraising weeks, with companies looking to collectively raise nearly Rs 11,980 crore through public offerings. The action will be led by the much-anticipated SBI Funds Management IPO, alongside the Alpine Texworld mainboard issue. Both public offers will open for subscription on July 14 and close on July 16.
The bulk of the fundraising will come from SBI Funds Management, whose public issue alone is valued at Rs 11,693 crore. Meanwhile, textile company Alpine Texworld plans to mobilise Rs 126.25 crore through a fresh issue. In the SME space, Millworks Technologies will also launch its Rs 160.34 crore IPO during the same period, while details regarding Shree Balaji Mala Textiles are still awaited.
SBI Funds Management IPO: India’s Largest AMC Heads To The Market
SBI Funds Management’s IPO will be entirely an offer for sale (OFS) comprising 20.37 crore shares, meaning the company itself will not receive any proceeds from the public issue.
The company has fixed the price band at Rs 545-574 per share, with investors required to bid for a minimum of 26 shares. At the upper price band, one retail lot will cost Rs 14,924. According to market trends, the IPO is currently enjoying a grey market premium (GMP) of around 20 per cent.
The shares are expected to debut on the BSE and NSE on July 21. Kotak Mahindra Capital is acting as the book-running lead manager, while Kfin Technologies has been appointed as the registrar.
Established in 1992, is India’s largest asset management company by mutual fund assets. The company manages SBI Mutual Fund and operates as a joint venture between State Bank of India and Amundi. Its offerings span equity, debt, hybrid schemes, exchange-traded funds (ETFs) and portfolio management services.
By the end of 2025, the company managed approximately Rs 16.32 lakh crore in assets, accounting for nearly 15.5% of India’s mutual fund AUM. It also served over 16.05 million investors across retail and institutional segments.
Financially, the company reported strong growth in FY26. Revenue increased to Rs 4,976.11 crore from Rs 4,236.15 crore in FY25, while profit after tax rose to Rs 3,067.38 crore from Rs 2,540.15 crore. EBITDA stood at Rs 4,058.44 crore.
Alpine Texworld Plans Capacity Expansion With IPO Proceeds
The second mainboard issue next week comes from Alpine Texworld, which is looking to raise Rs 126.25 crore through a completely fresh issue of 1.20 crore shares.
The company has fixed a price band of Rs 100-105 per share, with a minimum application size of 142 shares. Retail investors will need Rs 14,910 to apply for one lot at the upper end of the price band. The shares are also expected to list on July 21.
D&A Financial Services is the lead manager for the issue, while Kfin Technologies will serve as the registrar.
Alpine Texworld is engaged in textile dyeing and fabric processing. It operates two manufacturing facilities with an annual installed processing capacity of 6,000 MT of cotton and blended yarn. Additionally, the company runs 112 high-speed looms capable of manufacturing denim, shirting, suiting and ready-for-dyeing fabrics.
The company intends to utilise Rs 32.08 crore from the IPO proceeds to establish a new weaving unit at its proposed third manufacturing facility in Ahmedabad. Another Rs 52.20 crore has been earmarked for repayment or prepayment of borrowings, while the remaining funds will be allocated towards general corporate purposes.
Its financial performance also witnessed sharp improvement during FY26. Revenue climbed 47 per cent to Rs 350.18 crore, while profit after tax surged 152 per cent to Rs 21.72 crore. EBITDA increased to Rs 47.45 crore, compared with Rs 27 crore in the previous fiscal.
Millworks Technologies Adds Momentum To SME IPO Segment
The SME primary market will also remain active with Millworks Technologies opening its public issue on July 14, which will remain available for subscription until July 16.
The company has fixed the price band at Rs 315-331 per share and aims to raise Rs 160.34 crore. The IPO is slated to list on the BSE SME platform.