IPO Update: Millworks Technologies Surges +90%; Five IPOs Open Today on NSE/BSE | 24 Jul 2026, 10:00 AM IST
By ThePip Desk
Five IPOs are currently open for subscription on NSE and BSE, with two issues closing today. Millworks Technologies made a strong debut, listing with a +90.00% gain.
The Indian primary market continues to exhibit considerable activity as of Friday, July 24, 2026, presenting a diverse array of investment opportunities for retail and institutional investors alike. This week’s IPO update highlights significant listing performances, a busy calendar for ongoing subscriptions, and a steady stream of new issues preparing for their market debut. Investors are closely monitoring the subscription trends and post-listing performance to gauge market sentiment and identify potential value.
Recent Listings
The past few days have been particularly eventful for companies making their stock market debuts. Millworks Technologies Ltd. emerged as a standout performer, delivering an exceptional listing gain that nearly doubled its issue price, signaling strong investor confidence in its business model. Other notable listings include Devson Catalyst Ltd. and Kusumgar Ltd., which also saw healthy premiums on their listing day. While some issues like Alpine Texworld Ltd. listed at par, the overall trend reflects a buoyant environment for new entrants, though individual performance varies significantly. Investors who participated in these IPOs now see their initial investments reflect these immediate market reactions.
| Company | Issue Price | Listing Price | Gain/Loss % | Per-lot Gain/Loss |
|---|---|---|---|---|
| Sotefin Bharat Ltd. | ₹187 | N/A | N/A | N/A |
| Alpine Texworld Ltd. | ₹105 | ₹105 | +0.00% | ₹0 |
| SBI Funds Management Ltd. | ₹574 | ₹610 | +6.27% | ₹36 |
| Millworks Technologies Ltd. | ₹331 | ₹628.9 | +90.00% | ₹297.9 |
| Happy Steels Ltd. | ₹66 | N/A | N/A | N/A |
| Devson Catalyst Ltd. | ₹118 | ₹196.15 | +66.23% | ₹78.15 |
| Laser Power & Infra Ltd. | ₹214 | ₹269 | +25.70% | ₹55 |
| Kusumgar Ltd. | ₹419 | ₹574 | +36.99% | ₹155 |
| IC Electricals Company Ltd. | ₹99 | N/A | N/A | N/A |
| Knack Packaging Ltd. | ₹170 | ₹186 | +9.41% | ₹16 |
Open for Subscription
As of today, investors have five initial public offerings actively open for subscription across both mainboard and SME segments. It is crucial to note that two of these issues — Cube Highways Trust and Shree Balaji (Mala) Textiles Ltd. — will conclude their subscription periods by the end of trading today, July 24, 2026. Prospective investors interested in these issues must submit their applications promptly. The remaining three issues, Xtranet Technologies Ltd., Lohia Corp Ltd., and INDO-MIM Ltd., offer a longer window, continuing to accept applications until July 27, 2026. Each of these companies represents different sectors, offering diversification for those looking to participate in the primary market.
| Company | Issue Price | Minimum Investment | Subscription Window |
|---|---|---|---|
| Xtranet Technologies Ltd. | ₹127 | ₹127 | 2026-07-23 → 2026-07-27 |
| Lohia Corp Ltd. | ₹425 | ₹425 | 2026-07-23 → 2026-07-27 |
| INDO-MIM Ltd. | ₹485 | ₹485 | 2026-07-23 → 2026-07-27 |
| Cube Highways Trust – (CUBEINVIT) | ₹152 | ₹152 | 2026-07-22 → 2026-07-24 |
| Shree Balaji (Mala) Textiles Ltd. | ₹70 | ₹70 | 2026-07-22 → 2026-07-24 |
Upcoming IPOs
The pipeline for new public issues remains active, promising more opportunities in the coming days. Silverstorm Parks And Resorts Ltd. is set to open its subscription window today, July 24, 2026, marking a new entry into the leisure and hospitality sector. Following closely, Advance Technoforge Ltd. and Propshop Events And Exhibitions Ltd. are scheduled to commence their subscription periods early next week, from July 27, 2026. These upcoming issues will add further depth to the primary market, catering to a range of investor preferences and sector interests.
| Company | Issue Price | Expected Dates |
|---|---|---|
| Advance Technoforge Ltd. | ₹95 | 2026-07-27 → 2026-07-29 |
| Propshop Events And Exhibitions Ltd. | ₹69 | 2026-07-27 → 2026-07-29 |
| Silverstorm Parks And Resorts Ltd. | ₹133 | 2026-07-24 → 2026-07-28 |
With several IPOs currently open, some closing today, and new ones on the horizon, the Indian primary market continues to offer a dynamic landscape for investors. The consistent flow of public issues underscores the ongoing growth and expansion across various industries. As always, prospective investors should conduct thorough due diligence and refer to the Red Herring Prospectus of each company for detailed information before making any investment decisions.