Q-Line Biotech NSE SME IPO review

  • The company is engaged in the business of developing, manufacturing and marketing of diverse range of reagents and consumables.
  • It posted growth in its top lines for the reported periods, but suffered a setback for FY25 in bottom line following accounting adjustments.
  • As the company has no listed peers, it is trying to extract fancy price for its IPO.
  • Based on its overall financial data, the issue appears fully priced.
  • Well-informed investors may park moderate funds for long term.
Dilip Davda

About Company

Q-Line Biotech Ltd. (QBL) is engaged in the business of developing, manufacturing and marketing of diverse range of reagents (including kits and POC devices) & consumables and manufacturing, importing, distribution/supply of diagnostic equipment for different diagnostic healthcare needs. The company supplies diagnostic equipment and IVD products for different diagnostic healthcare needs since 2013 directly or through its distributor/s majorly to diagnostic service providers, hospitals and medical colleges. 

The company has established its brands over a period of 12 years through its experience, R & D, manufacturing capabilities and quality assurance. The core segments of operations of the Company in IVD Industry include Clinical Chemistry, Haematology, Immunodiagnostics, Molecular Diagnostics and Others (POC Devices & Rapids).

QBL’s key manufacturing segments include indigenous manufacturing of reagents including Clinical Chemistry, Haematology, Immunodiagnostics, Molecular Diagnostics and Others (POC Devices & Rapids) and supplying/ manufacturing of in-vitro diagnostics (IVD), Pathology equipment’s & devices. Further during the Covid-19 pandemic, the company diversified its focus and with the technical collaboration of third-party institutes and through its own R&D team developed a range of Covid testing kits viz. RT-PCR Kits, RNA Extraction Kits, VTM Kits etc.

It is research driven company engaged in developing and manufacturing a wide range of reagents formulations used across various IVD and diagnostic needs. The company leverages its R&D capabilities to develop and manufacture a portfolio of differentiated reagent formulations /products. Further, for its certain Class of Reagent & equipment’s and devices manufacturing business, the company has entered into technical collaboration with certain international companies. Under the agreement terms, it undertakes the manufacturing of these Reagent and equipment’s and devices as per the technical collaboration and specifications provided by the partners or companies. 

With the help of these collaborations the equipment and devices adhere to strict quality control, international standards and certifications. As of March 31, 2026, the company employed 19 personnel at R&D laboratories, which constituted 5.25% of its total permanent employee strength. As of March 31, 2026, it had 362 employees on its payroll and additional 223 contract employees in various departments.

Q-Line Biotech IPO

Issue Details / Capital History

The company is coming out with its maiden book building route IPO of 6253200 equity shares of Rs. 10 each to mobilize Rs. 214.48 cr. at the upper cap. The company has announced a price band of Rs. 326 - Rs. 343 per share.  The minimum application to be made is for 800 shares and in multiples of 400 shares thereon, thereafter. The IPO opens for subscription on May 21, 2026, and will close on May 25, 2026. The IPO constitute 26.81% of the post-IPO paid-up capital of the company. The shares will be listed on NSE SME Emerge. From the net proceeds of the IPO, it will utilize Rs. 93.50 cr. for working capital, Rs. 90.00 cr. for repayment/prepayment of certain borrowings, and the rest for general corporate purposes. 

The company raised Rs. 27.44 cr. in a pre-IPO placement of 800000 shares in May 2026, at Rs. 343 per share.

The IPO is jointly lead managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd., Purva Sharegistry (India) Pvt. Ltd., is the registrar to the issue. HEM group’s Hem Finlease Pvt. Ltd., is the market maker as well as a syndicate member.

The company has issued initial equity capital at par value. It raised further equity shares in the price range of Rs. 125 – Rs. 417 between March 2019 and May 2026. It has also issued bonus shares in the ratio of 2 for 1 in March 2016, and 9 for 1 in August 2025. The average cost of acquisition of shares by the promoters is Rs. 0.00, Rs. 0.04, and Rs. 18.34 per share.

Post-IPO, company’s current paid-up equity capital of Rs. 17.07 cr. will stand enhanced to Rs. 23.33 cr. Based on the upper band of the IPO pricing, the company is looking for a market cap of Rs. 800.16 cr. 

IPO Lead Managers & Registrar

Financial Performance

On the financial performance front, for the last three fiscals, the company has (on a consolidated basis) posted total income/ net profit, of Rs. 184.81 cr. / Rs. 32.10 cr. (FY23), Rs. 206.45 cr. / Rs. 34.44 cr. (FY24), Rs. 322.58 cr. / Rs. 28.13 cr. (FY25). For 9M of FY26 ended on December 31, 2025, it earned a net profit of Rs. 38.69 cr. on a total income of Rs. 236.50 cr. Though it posted growth in its top lines for the reported periods, its bottom line posted inconsistency. For FY25, it posted lower net profit of Rs. 28.13 cr., and for 9M-FY26, though the top line is Rs, 236.50 cr. it posted bumper profit of Rs. 38.69 cr. in a pre-IPO period, that not only raise eyebrows, but also concern over its sustainability going forward. Despite higher other income for FY25, it marked lower net following extra-ordinary item of Rs. 16.97 cr. Its contingent liability stood at Rs. 61.64 cr. as of December 31, 2025, that raises alarm. Its overall borrowings of Rs. 242.57 cr. as of December 31, 2025, raise concern.

For the last two fiscals, the company has reported an average EPS of Rs. 25.00, and an average RoNW of 23.17%. The issue is priced at a P/BV of 2.44 based on its NAV of Rs. 140.81 per share as of December 31, 2025, but its post-IPO NAV data is missing from the offer documents.

If we attribute FY26 super earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 15.51, and based on FY25 earnings, the P/E stands at 28.44. The issue appears fully priced, based on its bumper earnings for 9M-FY26, which may not be sustained. 

For the reported periods, the company has posted PAT margins of 17.56% (FY23), 16.92% (FY24), 8.97% (FY25), 16.65% (9M-FY26), and RoCE margins of 22.14%, 19.25%, 17.66%, 13.32%, respectively, for referred periods.

All amounts in Indian Rupees crores

Period Ended Revenue Expense PAT Assets
2023 ₹184.81 ₹154.97 ₹32.10 ₹251.58
2024 ₹206.45 ₹175.85 ₹34.44 ₹339.25
2025 ₹322.58 ₹261.43 ₹28.13 ₹455.49
Dec 2025 ₹236.50 ₹186.96 ₹38.69 ₹561.34

Dividend Policy

The company has not paid any dividends for the reported periods of the offer document. It will adopt a prudent dividend policy, based on its financial performance and future prospects. 

Comparison with Listed Peers - for Fiscal 2025

As per the offer document, the company has no listed peers to compare with.

Name of the Company Face Value (₹) EPS basic (₹)  EPS Diluted (₹) RONW (%) P/E Ratio NAV (₹)
Powerica Limited 5 15.26  15.26 15.37 %  24.45 99.76
Listed Peers
Cummins India Limited 2 72.15  72.15 26.45% 64.13  272.78
Kirloskar Oil Engines Limited 2 33.71 33.60 15.85% 43.24 212.60
NTPC Green Energy Limited 10 0.67 0.67 2.58% 129.40 21.88
Acme Solar Holdings Limited 2 4.55 4.53 5.59% 50.74  74.54
Adani Green Energy Limited 10 8.37 8.37 11.90%  101.53  76.62
Disclaimer: Above table shows earnings and P/E ratio as of 2025-26

Merchant Banker's Track Record

The two merchant bankers associated with this issue have handled 79 issues in the past three years, out of which 8 issues closed below the issue price on listing date.

Conclusion - Apply for medium to long term

QBL is engaged in the business of developing, manufacturing and marketing of diverse range of reagents and consumables. It posted growth in its top lines for the reported periods, but suffered a setback for FY25 in bottom line following accounting adjustments. As the company has no listed peers, it is trying to extract fancy price for its IPO. Based on its overall financial data, the issue appears fully priced. Well-informed investors may park moderate funds for long term.

Dilip Davda is a veteran financial journalist associated with the Indian stock market since 1978. He has been contributing to print and electronic media on capital markets, insurance, and finance since 1985.

He is widely recognized for reviewing public issues and non-convertible debentures (NCDs) in the primary market. Drawing on over three decades of market experience and close interaction with merchant bankers, his reviews focus on detailed fundamental and financial analysis of companies, with a special emphasis on SME public issues.

Disclaimer: The information provided herein is solely for educational and informational purposes and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. Readers are advised to consult a qualified financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. The author does not intend to invest in the securities discussed.

FAQ Accordion
Q-Line Biotech IPO FAQs
1. What is Q-Line Biotech IPO?
Q-Line Biotech IPO is SME IPO. The company is going to raise ₹214 Crores via IPO. The issue is priced at ₹326 to ₹343 per equity share. The IPO is to be listed on NSE SME.
2. When Q-Line Biotech IPO will open for subscription?
The IPO is to open on May 21, 2026 for QIB, NII, and Retail Investors. The IPO will close on May 25,2026.
3. What is Q-Line Biotech IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
4. How to Apply the Q-Line Biotech IPO?
You can apply for Q-Line Biotech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
5. What is Q-Line Biotech IPO Issue Size?
Q-Line Biotech IPO issue size is ₹214 crores.
6. What is Q-Line Biotech IPO Price Band?
Q-Line Biotech IPO Price Band is ₹326 to ₹343.
7. What is Q-Line Biotech IPO Lot Size?
The minimum bid is 800 Shares with ₹2,74,400 amount.
8. What is the Q-Line Biotech IPO Allotment Date?
Q-Line Biotech IPO allotment date is May 26,2026.
9. What is the Q-Line Biotech IPO Listing Date?
Q-Line Biotech IPO listing date is May 29, 2026. The IPO is to list on NSE SME.

Upcoming IPO in September 2026 Calendar – Key Details

Good News for eagerly waiting investors! We are about to enter September 2026, and there are various Current ipo this month.

Being alert for the upcoming IPO in September will help investors plan their investments and stay informed about market trends.

This IPO month includes both SME and Mainboard IPOs with a satisfactory aim of IPO money utilisation. This is the perfect time to explore upcoming listings, plan your investments along with research, and take advantage of potential listing gains.
Upcoming IPO 2026

Below is a list of upcoming IPOs, along with their tentative dates and other key details to help you stay informed.  

Company IPO     Opening date    Closing Date  Type of IPOIPO SizePrice band
Complete Sports & ManagementAugust 28, 2026         September 1, 2026      SME₹75 Cr.₹128 to ₹135  
Priority JewelsAugust 28, 2026 September 1, 2026   Mainboard₹91.50 Cr.₹190 to ₹200
ESDS SoftwareAugust 28, 2026        September 1, 2026        Mainboard₹720 Cr.₹408 to ₹429
Paluck TechnologiesAugust 28, 2026      September 1, 2026     SME₹33 Cr.₹46 to ₹48  
Shanti InorganicsAugust 31, 2026     September 2, 2026     SME₹41.50 Cr.₹79 to ₹83 
Phychem TechnologiesAugust 31, 2026     September 2, 2026      SME₹14.58 Cr.₹51 to ₹54
Purple Style LabsAugust 31, 2026    September 2, 2026   Mainboard₹680 Cr.₹546 to ₹575
Ashutosh FibreAugust 31, 2026   September 2, 2026    SME ₹56.35 Cr.₹87 to ₹92
Rays of BeliefSeptember 1, 2026   September 3, 2026 Mainboard₹125 Cr.₹227 to ₹239
Deepa JewellersSeptember 1, 2026   September 3, 2026 Mainboard₹459.72 Cr.₹168 to ₹177 
Farm PeaceSeptember 1, 2026   September 3, 2026  SME₹32 Cr.₹59
Fly-Hi MaritimeSeptember 1, 2026   September 3, 2026  SME₹52.63 Cr.₹102
Qualiance InternationalSeptember 4, 2026  September 8, 2026  SME₹45.11 Cr.₹120 to ₹127
Apana LogisticsSeptember 7, 2026  September 9, 2026  SME₹34.14 Cr.₹60
Pranav ConstructionsSeptember 7, 2026  September 9, 2026  Mainboard₹351.03 Cr.₹118 to ₹124
Kanohar ElectricalsSeptember 8, 2026  September 10, 2026  Mainboard₹1,055.74 Cr.
₹601 to ₹632
Glass Wall SystemsSeptember 8, 2026  September 10, 2026  Mainboard₹427.89 Cr.₹172 to ₹182
Prasol ChemicalsSeptember 8, 2026  September 10, 2026  Mainboard₹500 Cr.₹643 to ₹676
LCC ProjectsSeptember 9, 2026  September 11, 2026  Mainboard₹427.14 Cr.₹139 to ₹146
Asset ReconstructionSeptember 9, 2026  September 11, 2026  Mainboard₹732.97 Cr.₹132 to ₹139
Steamhouse IndiaSeptember 9, 2026  September 11, 2026  Mainboard₹414 Cr.₹77 to ₹81
RentomojoSeptember 9, 2026  September 11, 2026  Mainboard₹150 Cr.₹384 to ₹404
Manipal PaymentSeptember 9, 2026  September 11, 2026  Mainboard₹805 Cr.₹322 to ₹339
Karamtara EngineeringSeptember 9, 2026  September 11, 2026  Mainboard₹875 cr.₹241 to ₹254
Amtech EstersSeptember 9, 2026  September 11, 2026  SME₹17.88 Cr.₹71 to ₹75
Vinod TexworldSeptember 9, 2026  September 11, 2026  SME₹42.83 Cr.₹94
Infrax RenewableSeptember 9, 2026  September 11, 2026  SME₹40.88 Cr.₹104
Veegaland DevelopersSeptember 10, 2026  September 15, 2026  Mainboard₹210 Cr.₹130 to ₹140
Raksan TransformersSeptember 10, 2026  September 15, 2026  SME₹150.50 Cr.₹258 to ₹273
Panchatv BharatSeptember 10, 2026  September 15, 2026  SME₹24.58 Cr.₹140
Om GalaxySeptember 10, 2026  September 15, 2026  SME₹105 Cr.₹85 to ₹90
Maharaja & Speedex IndiaSeptember 10, 2026  September 15, 2026  SME₹80.13 Cr.₹177 to ₹186
Manika PlastechSeptember 11, 2026  September 16, 2026  Mainboard₹125.50 Cr.₹40 to ₹43
Century Business MediaSeptember 11, 2026  September 16, 2026  SME₹17.11 Cr.₹70 to ₹74
Injecto PolymersSeptember 11, 2026  September 16, 2026  SME₹56.12 Cr.₹98 to ₹100
Quanto AgroworldSeptember 15, 2026  September 17, 2026  SME₹31.02 Cr.₹67
Shakti PolytarpSeptember 15, 2026  September 17, 2026  SME₹26.93 Cr.₹56 to ₹59
Vama WovenfabSeptember 15, 2026  September 17, 2026  SME₹49.54 Cr.₹324 to ₹341
Jindal SupremeSeptember 16, 2026  September 18, 2026  Mainboard₹124.88 Cr.₹88 to ₹93
SS RetailSeptember 16, 2026  September 18, 2026  Mainboard₹500.75 Cr.
₹403 to ₹424
Hero MotorsSeptember 16, 2026  September 18, 2026  Mainboard₹1000 Cr.₹79 to ₹84
NSESeptember 17, 2026  September 21, 2026  Mainboard₹22,561.57 Cr.₹1700 to ₹1785
Sonaselection IndiaSeptember 17, 2026  September 21, 2026  Mainboard₹142 Cr.₹94 to ₹99
Kheria AutocompSeptember 17, 2026  September 21, 2026  SME₹46.44 Cr.₹96 to ₹101
SpectraA TechnologySeptember 17, 2026  September 21, 2026  SME₹42.52 Cr.₹112 to ₹118
Axiom Gas EngineeringSeptember 18, 2026  September 22, 2026  SME₹49.81 Cr.₹50 to ₹53
Robokidz EduventuresSeptember 21, 2026 September 23, 2026  SME₹31.09 Cr.₹100 to ₹106
FX MultitechSeptember 21, 2026  September 23, 2026  SME₹45.24 Cr.₹110 to ₹116
Vivekanand CotspinSeptember 21, 2026  September 23, 2026  SME₹24.05 Cr.₹32 to ₹37
Himalaya NutravedicsSeptember 22, 2026  September 24, 2026  SME₹26.50 Cr.₹100 to ₹106
S.K.OffsetSeptember 23, 2026  September 25, 2026  SME₹29.06 Cr.₹119 to ₹125
A-One SteelsSeptember 24, 2026  September 28, 2026  Mainboard₹405 Cr.₹[.] to ₹[.]

Complete Sports & Management IPO  

Complete Sports & Management IPO opening from August 28, 2026 to close on September 1, 2026. The company to raise around ₹75 crores via IPO that comprises fresh issue of ₹71 crores and offer for sale up to [.] equity shares with face value of ₹10 each. Complete Sports & Management India IPO price band is ₹128 to ₹135 per share.      

Priority Jewels IPO

Priority Jewels IPO is opening from August 28, 2026 to September 1, 2026. The IPO has a fresh issue of ₹91.50 crores and a price band of ₹190 to ₹200 per share. 

ESDS Software IPO  

ESDS Software IPO opens on August 28, 2026, to September 1, 2026. The company to raise around ₹720 crores via a fresh issue with a face value of ₹1 each. ESDS Software Solution IPO price band is ₹408 to ₹429 per share.      

Purple Style Labs IPO   

Purple Style Labs IPO opens on August 31, 2026, to September 2, 2026. The company to raise around ₹680 crores via a fresh issue of ₹680 crores with a face value of ₹10 each.     

Shanti Inorganics IPO      

Shanti Inorganics IPO opening from August 31, 2026 to September 2, 2026. The IPO issue size of ₹41.50 crores via fresh issue of ₹41.50 crores and offer for sale up to [.] equity shares with a face value of ₹10 each. Shanti Inorganics IPO price band is ₹79 to ₹83 per share.     

Phychem Technologies IPO   

Phychem Technologies IPO open date is August 31, 2026, and the IPO will close on September 2, 2026. The company to raise around ₹14.58 crores via fresh issue of ₹14.58 crores with a face value of ₹10 each. Phychem Technologies IPO price band is ₹51 to ₹54 per share.     

Ashutosh Fibre IPO   

Ashutosh Fibre IPO open date is August 31, 2026, and the IPO will close on September 2, 2026. The company to raise around ₹56.35 crores via IPO that comprises a fresh issue of ₹56.35 crores with a face value of ₹10 each. Ashutosh Fibre IPO price band is ₹87 to ₹92 per share.    

Fly-Hi Maritime IPO 

Fly-Hi Maritime IPO open date is September 1, 2026, and the IPO will close on September 3, 2026. Fly-Hi Maritime IPO is a fixed-price issue. The company to raise around ₹52.63 crores via IPO that comprises a fresh issue of ₹42.44 crores and offer for sale up to 9,99,600 equity shares with a face value of ₹5 each. Fly-Hi Maritime IPO price band is ₹102 per share. 

Rays of Belief IPO 

Rays of Belief IPO from  September 1, 2026 to September 3, 2026. The IPO issue size of ₹125 crores via a fresh issue with a face value of ₹10 each. Rays of Belief IPO price band is ₹227 to ₹239 per share.      

Qualiance International IPO

Qualiance International IPO open date is September 4, 2026, and the IPO will close on September 8, 2026. Qualiance International IPO is a Book build Issue. The company to raise around ₹45.11 crores via IPO that comprises fresh issue of ₹45.11 crores and offer for sale up to [.] equity shares with a face value of ₹10 each.

Qualiance International IPO price band is ₹120 to ₹127 per share.

Apana Logistics IPO

Apana Logistics IPO open date is September 7, 2026 and the IPO will close on September 9, 2026. Apana Logistics IPO is a Fixed Price Issue. The company to raise around ₹34.14 crores via IPO that comprises fresh issue of ₹34.14 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Apana Logistics IPO price band is ₹60 per share. 

Pranav Constructions IPO

Pranav Constructions IPO open date is September 7, 2026 and the IPO will close on September 9, 2026. Pranav Constructions IPO is a Book build Issue. The company to raise around ₹351.03 crores via IPO that comprises fresh issue of ₹316 crores and offer for sale up to 28,56,869 equity shares with face value of ₹10 each.

Pranav Constructions IPO price band is ₹118 to ₹124 per share. 

Kanohar Electricals IPO

Kanohar Electricals IPO opens on September 8, 2026, and closes on September 10, 2026. Kanohar Electricals IPO is a Book build Issue. The company to raise around ₹1,055.74 crores via IPO that comprises fresh issue of ₹300 crores and offer for sale up to 1,19,57,915 equity shares with face value of ₹2 each.  

Kanohar Electricals IPO price band is ₹601 to ₹632 per share. 

Glass Wall Systems IPO

Glass Wall Systems IPO open date is September 8, 2026 and the IPO will close on September 10, 2026. Glass Wall Systems IPO is a Book build Issue. The company to raise around ₹427.89 crores via IPO that comprises fresh issue of ₹60 crores and offer for sale up to 2,02,13,722 equity shares with face value of ₹2 each.

Glass Wall Systems IPO price band is ₹172 to ₹182 per share.

Prasol Chemicals IPO 

 Prasol Chemicals IPO open date is September 8, 2026, and the IPO will close on September 10, 2026. Prasol Chemicals IPO is a Bookbuilding Issue. The company to raise around ₹500 crores via IPO that comprises fresh issue of ₹80 crores and offer for sale up to 62,13,006 equity shares with face value of ₹2 each. Prasol Chemicals IPO price band is ₹643 to ₹676 per share. 

LCC Projects IPO

LCC Projects IPO open date is September 9, 2026, and the IPO will close on September 11, 2026. LCC Projects IPO is a Bookbuilding Issue. The company to raise around ₹427.14 crores via IPO that comprises a fresh issue of ₹258 crores and offer for sale up to 1,15,85,000 equity shares with face value of ₹5 each. LCC Projects IPO price band is ₹139 to ₹146 per share. 

Asset Reconstruction IPO

The Asset Reconstruction IPO will open for subscription on September 9, 2026, and close on September 11, 2026. The company to raise around ₹732.97 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 5,27,31,946 equity shares with face value of ₹10 each. Asset Reconstruction IPO price band is ₹132 to ₹139 per share. 

Karamtara Engineering IPO

Karamtara Engineering IPO open date is September 9, 2026 and the IPO will close on September 11, 2026. Karamtara Engineering IPO is a Book build Issue. The company to raise around ₹875 crores via IPO that comprises fresh issue of ₹675 crores and offer for sale up to 78,74,014 equity shares with face value of ₹10 each. Karamtara Engineering IPO price band is ₹241 to ₹254 per share.

Manipal Payment IPO

Manipal Payment IPO opens on September 9, 2026, and closes on September 11, 2026. The company to raise around ₹805 crores via IPO that comprises fresh issue of ₹320 crores and offer for sale up to 1,43,06,785 equity shares with face value of ₹2 each. Manipal Payment & Identity Solutions IPO price band is ₹322 to ₹339 per share. 

Steamhouse India IPO

Steamhouse India IPO open date is September 9, 2026 and the IPO will close on September 11, 2026. The company to raise around ₹414 crores via IPO that comprises fresh issue of ₹353 crores and offer for sale up to [.] equity shares with face value of ₹2 each.

Infrax Renewable IPO 

Infrax Renewable IPO open date is September 9, 2026 and the IPO will close on September 11, 2026. Infrax Renewable IPO is a Fixed Price Issue. The company plans to raise approximately ₹40.88 crore through the IPO, comprising a fresh issue of ₹33.81 crore and an offer for sale of up to 6,80,400 equity shares, each with a face value of ₹10. The Infrax Renewable IPO has a fixed price of ₹104 per equity share. 

Vinod Texworld IPO 

Vinod Texworld IPO opens on September 9, 2026, and closes on September 11, 2026.. The company to raise around ₹42.83 crores via IPO that comprises fresh issue of ₹42.83 crores and offer for sale up to [.] equity shares with face value of ₹10 each. Vinod Texworld IPO price band is ₹94 per share. 

Raksan Transformers IPO

Raksan Transformers IPO open date is September 10, 2026, and the IPO will close on September 15, 2026. The rest of the details are yet to be announced. 

Veegaland Developers IPO 

Veegaland Developers IPO open date is September 10, 2026, and the IPO will close on September 15, 2026. The company to raise around ₹210 crores via IPO that comprises fresh issue of ₹210 crores and offer for sale up to [.] equity shares with face value of ₹10 each. Veegaland Developers IPO price band is ₹130 to ₹140 per share. 

Manika Plastech IPO 

The Manika Plastech IPO is set to open on September 11, 2026, and will remain open for subscription until September 16, 2026. The company to raise around ₹[.] crores via IPO that comprises fresh issue of ₹92.5 crores and offer for sale up to 76,74,418 equity shares with face value of ₹2 each.  

Century Business Media IPO 

Century Business Media IPO open date is September 11, 2026 and the IPO will close on September 16, 2026. The company to raise around ₹17.11 crores via IPO that comprises fresh issue of ₹17.11 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Century Business Media IPO price band is ₹70 to ₹74 per share.

Injecto Polymers IPO 

Injecto Polymers IPO open date is September 11, 2026 and the IPO will close on September 16, 2026. The company to raise around ₹56.12 crores via IPO that comprises fresh issue of ₹56.12 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Injecto Polymers IPO price band is ₹98 to ₹100 per share.

Quanto Agroworld IPO

Quanto Agroworld IPO open date is September 15, 2026 and the IPO will close on September 17, 2026. The company to raise around ₹31.02 crores via IPO that comprises fresh issue of ₹31.02 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Quanto Agroworld IPO price band is ₹67 per share. 

Shakti Polytarp IPO

Shakti Polytarp IPO open date is September 15, 2026 and the IPO will close on September 17, 2026. The company to raise around ₹26.93 crores via IPO that comprises fresh issue of ₹26.93 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Shakti Polytarp IPO price band is ₹56 to ₹59 per share.

Vama Wovenfab IPO

Vama Wovenfab IPO open date is September 15, 2026 and the IPO will close on September 17, 2026l. The company to raise around ₹49.54 crores via the IPO that comprises fresh issue of ₹49.54 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Vama Wovenfab IPO price band is ₹324 to ₹341 per share. 

Jindal Supreme IPO

Jindal Supreme IPO open date is September 16, 2026 and the IPO will close on September 18, 2026. The company to raise around ₹124.88 crores via IPO that comprises fresh issue of ₹99.89 crores and offer for sale up to 26,86,851 equity shares with face value of ₹10 each.

Jindal Supreme IPO price band is ₹88 to ₹93 per share.

SS Retail IPO

SS Retail IPO open date is September 16, 2026 and the IPO will close on September 18, 2026. SS Retail IPO is a Book build Issue. The company to raise around ₹500.75 crores via IPO that comprises fresh issue of ₹360.75 crores and offer for sale up to 33,01,884 equity shares with face value of ₹10 each.

SS Retail IPO price band is ₹403 to ₹424 per share.

Hero Motors IPO 

Hero Motors IPO open date is September 16, 2026 and the IPO will close on September 18, 2026. The company to raise around ₹1,000 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to 4,76,19,047 equity shares with face value of ₹10 each.

Hero Motors IPO price band is ₹79 to ₹84 per share.

Kheria Autocomp IPO

 Kheria Autocomp IPO open date is September 17, 2026 and the IPO will close on September 21, 2026. The company to raise around ₹42.44 crores via IPO that comprises fresh issue of ₹42.44 crores and offer for sale up to NIL equity shares with face value of ₹10 each.

Kheria Autocomp IPO price band is ₹96 to ₹101 per share.

NSE IPO

NSE IPO open date is September 17, 2026 and the IPO will close on September 21, 2026. The company to raise around ₹26,580 crores via the IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 14,89,05,525 equity shares with face value of ₹1 each.

NSE IPO price band is ₹1700 to ₹1785 per share.

Axiom Gas Engineering IPO

Axiom Gas Engineering IPO open date is September 18, 2026 and the IPO will close on September 22, 2026. Axiom Gas Engineering IPO is a Book build Issue. The company to raise around ₹49.81 crores via IPO that comprises fresh issue of ₹49.81 crores and offer for sale up to [.] equity shares with face value of ₹5 each. Axiom Gas Engineering IPO price band is ₹50 to ₹53 per share. 

FX Multitech IPO 

FX Multitech IPO open date is September 21, 2026, and the IPO will close on September 23, 2026. The rest of the details are yet to be announced. 

Robokidz Eduventures IPO 

Robokidz Eduventures IPO open date is September 21, 2026 and the IPO will close on September 23, 2026. The company to raise around ₹31.09 crores via IPO that comprises fresh issue of ₹31.09 crores and offer for sale up to [.] equity shares with a face value of ₹10 each.

S.K.Offset IPO

S.K.Offset IPO open date is September 23, 2026 and the IPO will close on September 25, 2026. The company to raise around ₹29.06 crores via IPO that comprises fresh issue of ₹29.06 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

S.K.Offset IPO price band is ₹119 to ₹125 per share. 

A-One Steels IPO

A-One Steels IPO open date is September 24, 2026, and the IPO will close on September 28, 2026. The company to raise around ₹405 crores via IPO that comprises fresh issue of ₹355 crores and offer for sale up to [.] equity shares with face value of ₹10 each. 

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Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.
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Jagat Joshi

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