IPO Update: IPO Today: SBI Funds Management Opens, Kratikal Tech Gains 42.22% on NSE/BSE | 14 Jul 2026, 10:00 AM IST

As of Tuesday, July 14, 2026, the Indian primary market sees fresh activity with three new IPOs opening for subscription today. Investors are closely monitoring these new issues while also evaluating the performance of recently listed entities, which have shown a mix of strong gains and notable losses across both mainboard and SME segments.

Three New IPOs Open for Subscription Today

Today marks the opening of three new initial public offerings, offering investors fresh opportunities across diverse sectors. SBI Funds Management Ltd., a significant player in the financial services industry, leads the new issues, alongside Millworks Technologies Ltd. and Alpine Texworld Ltd., which also begin their subscription periods.

Company	Issue Price	Min. Investment	Subscription Window
Millworks Technologies Ltd.	₹331	₹331	2026-07-14 → 2026-07-16
SBI Funds Management Ltd.	₹574	₹574	2026-07-14 → 2026-07-16
Alpine Texworld Ltd.	₹105	₹105	2026-07-14 → 2026-07-16

SBI Funds Management Ltd., a prominent name in the asset management sector, is set to launch its IPO at ₹574 per share, requiring a minimum investment of ₹574 for a single lot. Millworks Technologies Ltd. will offer shares at ₹331, with a minimum investment of ₹331, and Alpine Texworld Ltd. is priced at ₹105 per share, requiring ₹105 for a lot. All three issues have a minimum investment corresponding to a lot size of 1 share, making them highly accessible, and their subscription windows are expected to run from July 14 to July 16, 2026.

Recent Listings See Mixed Fortunes

The past week witnessed a flurry of new listings on both NSE and BSE, presenting a varied picture of investor sentiment. While some companies like Kratikal Tech Ltd. delivered strong positive performances, others such as Seemax Resources Ltd. faced challenging debuts, highlighting the inherent risks and rewards of the primary market.

Company	Issue Price	Listing Price	Gain/Loss	Per-Lot Gain/Loss
Kratikal Tech Ltd.	₹135	₹192	+42.22%	₹57
Seemax Resources Ltd.	₹141	₹112.8	−20.00%	₹28.2
Atharva Poly-Plast Ltd.	₹60	₹69	+15.00%	₹9
Adon Agro Commodities Ltd.	₹70	₹78.25	+11.79%	₹8.25
Knack Packaging Ltd.	₹170	₹186	+9.41%	₹16
Sampark India Logistics Ltd.	₹84	₹89	+5.95%	₹5
Aastha Spintex Ltd.	₹136	₹130	−4.41%	₹6
IC Electricals Company Ltd.	₹99	N/A	N/A	N/A
Vinit Mobile Ltd.	₹158	N/A	N/A	N/A
Teja Engineering Industries Ltd.	₹220	N/A	N/A	N/A

Investors in Kratikal Tech Ltd. saw a substantial gain of +42.22% from its issue price of ₹135, closing at ₹192 per share, translating to a per-lot gain of ₹57. Conversely, Seemax Resources Ltd. listed at ₹112.8 against an issue price of ₹141, resulting in a significant −20.00% loss and a per-lot loss of ₹28.2. Other listings like Atharva Poly-Plast Ltd. (+15.00%) and Adon Agro Commodities Ltd. (+11.79%) also delivered positive returns.

IPOs Concluded Subscription Yesterday

Three IPOs, Laser Power & Infra Ltd., Devson Catalyst Ltd., and Happy Steels Ltd., concluded their subscription period yesterday, July 13, 2026. These issues, which were open for five days, now move into the allotment process, and investors who applied will await the finalization of share allocation and subsequent listing dates.

Company	Issue Price	Min. Investment	Subscription Window
Laser Power & Infra Ltd.	₹214	₹214	2026-07-09 → 2026-07-13
Devson Catalyst Ltd.	₹118	₹118	2026-07-09 → 2026-07-13
Happy Steels Ltd.	₹66	₹66	2026-07-09 → 2026-07-13

These issues, with minimum investments ranging from ₹66 to ₹214 based on a lot size of 1 share, attracted investor interest over their subscription windows. The market will now keenly watch for their eventual listing performance.

The IPO pipeline remains robust with several new issues slated for the coming days, offering diverse opportunities across various sectors for investors tracking the Indian primary market. This active environment underscores the continued investor appetite for new public offerings.