3 Mainboard IPOs to Raise Rs 1,265 Crore This Week
Three companies launching Initial Public Offerings (IPOs) on the mainboard stock market.
Key Highlights
Three mainboard IPOs from Purple Style Labs, Deepa Jewellers, and Rays of Belief are set to launch this week, aiming to raise a combined Rs 1,265 crore.
India’s primary market is set to feature three mainboard Initial Offerings (IPOs) next week, aiming to collectively raise up to Rs 1,265 crore through fresh equity offerings.
Purple Style Labs, Deepa Jewellers, and Rays of Belief are the companies launching their public issues.
Purple Style Labs & Pernia’s Pop-Up Shop
Purple Style Labs Ltd., parent company of Pernia’s Pop-Up Shop, will open its for subscription from August 31 to September 2.
- : Rs 546-575 per share
- Targeted Raise: Rs 680 crore
Deepa Jewellers and Rays of Belief
Deepa Jewellers Ltd. and Rays of Belief Ltd. both launch their IPOs from September 1 to September 3, with Deepa Jewellers also including an offer-for-sale component.
- Deepa Jewellers Target: Rs 460 crore
- Deepa Jewellers Price Band: Rs 168-177 per share
- Rays of Belief Target: Rs 125 crore
- Rays of Belief Price Band: Rs 227-239 per share
SME IPOs and Ongoing Issues
Two SME IPOs, Ashutosh Fibre Ltd. and Shanti Inorganics Ltd., are also scheduled to open for subscription from August 31 to September 2, 2026.
- Ashutosh Fibre Price Band: Rs 87-92 per share
- Shanti Inorganics Price Band: Rs 79-83 per share
Additionally, ESDS Software Solution Ltd., Priority Jewels Ltd., and Lumino Industries Ltd. currently have ongoing IPOs.