IPO Update: Kratikal Tech IPO Lists +42.22% on BSE; Three Issues Close Today | 13 Jul 2026, 10:00 AM IST
By ThePip Desk
Three IPOs, including Laser Power & Infra, Devson Catalyst, and Happy Steels, close for subscription today on NSE/BSE. Kratikal Tech Ltd. saw a notable +42.22% listing gain.
The Indian primary market continues its busy trajectory this Monday, July 13, 2026, as the subscription windows for three ongoing Initial Public Offerings (IPOs) conclude today. Investors are also closely monitoring the performance of recently listed companies on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), which have shown a mix of strong gains and some initial declines. This comprehensive update provides a detailed overview of the current IPO landscape, covering issues open for subscription, recent listings, and upcoming opportunities, helping investors stay informed on market movements.
Open for Subscription: Final Day for Three IPOs
Today marks the final opportunity for investors to participate in three SME IPOs that have been open for subscription since July 9, 2026. These issues represent diverse sectors, offering retail investors a chance to evaluate their potential based on company fundamentals, valuations, and prevailing market conditions. It is crucial for prospective investors to review the Red Herring Prospectus (RHP) and understand the business models, risk factors, and utilization of funds before making a subscription decision. All three issues have a minimum investment of just their issue price, making them accessible to a broad range of retail participants.
| 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 |
Recent Listings: Mixed Fortunes on Debut
The past week has been particularly active for new listings, with several companies debuting on the exchanges. The listing performance is a key indicator for many investors, reflecting the immediate market reception to a new stock. While some issues have delivered substantial gains, such as Kratikal Tech Ltd. with an impressive +42.22% gain, others have opened below their issue price, like Seemax Resources Ltd. which saw a −20.00% decline. Several companies listed without immediate public listing price data, meaning their market performance will become clearer in subsequent trading sessions. This mixed bag highlights the inherent risks and rewards associated with primary market investments.
| Company | Issue Price | Listing Price | Gain/Loss % | Per-Lot Gain/Loss |
|---|---|---|---|---|
| IC Electricals Company Ltd. | ₹99 | N/A | N/A | N/A |
| Knack Packaging Ltd. | ₹170 | ₹186 | +9.41% | +₹16 |
| Vinit Mobile Ltd. | ₹158 | N/A | N/A | N/A |
| Sampark India Logistics Ltd. | ₹84 | ₹89 | +5.95% | +₹5 |
| Kratikal Tech Ltd. | ₹135 | ₹192 | +42.22% | +₹57 |
| Seemax Resources Ltd. | ₹141 | ₹112.8 | −20.00% | −₹28.2 |
| Teja Engineering Industries Ltd. | ₹220 | N/A | N/A | N/A |
| Atharva Poly-Plast Ltd. | ₹60 | ₹69 | +15.00% | +₹9 |
| Adon Agro Commodities Ltd. | ₹70 | ₹78.25 | +11.79% | +₹8.25 |
| Aastha Spintex Ltd. | ₹136 | ₹130 | −4.41% | −₹6 |
Upcoming IPOs: New Opportunities on the Horizon
As the current subscription windows close, the market is already looking forward to the next set of opportunities. Three new IPOs are slated to open for subscription next week, from July 14 to July 16, 2026. These upcoming issues, including a significant offering from SBI Funds Management Ltd., will further enrich the primary market, providing a continuous flow of investment avenues for both retail and institutional participants. Investors should prepare by examining the company details, industry outlook, and the proposed use of IPO proceeds for these prospective listings to make informed investment choices.
| Company | Issue Price | Min. Investment | Expected Dates |
|---|---|---|---|
| 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 |
The Indian IPO pipeline remains consistently active, reflecting a dynamic capital market with opportunities across various segments. With three issues closing today and three more set to open shortly, investors have a continuous stream of opportunities to consider. As always, a thorough understanding of the company’s financials, management, industry prospects, and the broader economic environment is paramount for informed decision-making in the primary market. Stay tuned for further updates on subscription statuses and upcoming market events.