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Kusumgar opens July 8 with a Rs. 650 crore issue, entirely an offer for sale by promoters.
Laser Power & Infra raises Rs. 742 crore, with Rs. 490 crore earmarked for debt repayment.
SBI Funds Management joins the mainboard queue on July 14, with pricing details still awaited.
India's primary market keeps its steady rhythm through the second week of July. Five distinct issuers open their books this week, spanning specialty textiles, power infrastructure, asset management, and SME segments, including steel trading and cotton yarn processing. The variety on offer gives investors a genuine choice of risk and reward profiles within a single window.
Each issue carries a different capital structure and growth story. Some issuers seek fresh funds for expansion or debt reduction, while others rely purely on ownership transfer through offer-for-sale routes. Reading beyond headline issue size remains essential before any subscription decision this week.
Kusumgar will open on July 8 and close on July 10, with listing scheduled tentatively for July 15 on the BSE and NSE. Laser Power & Infra will open on July 9 and close on July 13, with allotment expected on July 14 and listing set for July 16. SBI Funds Management will open later in the week, on July 14, and close on July 16.
Three SME issues, Devson Catalyst, Happy Steels, and additional smaller offerings, will open on July 9 and close on July 13, reflecting the same window as Laser Power & Infra.
Also Read: NSE IPO Eyes September Launch & Targets $3 Billion Raise with 6% Offer
Kusumgar and Laser Power & Infra carry similar retail entry costs, close to Rs. 15,000 per lot. SME issues remain smaller in scale but demand careful liquidity assessment after listing.
Kusumgar, incorporated in 1990, manufactures engineered synthetic fabrics for aerospace, defense, industrial, automotive, and outdoor applications. The Mumbai-based company has developed over a thousand fabric configurations using polyamide and polyester filaments.
The Rs. 650 crore issue is entirely an offer for sale, meaning no fresh capital reaches the company itself. At the upper price band, Kusumgar carries a valuation near Rs. 4,399 crore.
Revenue fell to Rs. 692 crore in FY26 from Rs. 779 crore in FY25, a decline following a stronger prior year. Net profit dropped 12.3% to Rs. 98.2 crore from Rs. 112 crore. A price-to-earnings ratio near 45 times looks demanding against softening earnings, warranting close investor scrutiny before subscription.
Laser Power & Infra, a Kolkata-based manufacturer since 1988, produces power cables, conductors, and specialized components for transmission networks. The company also executes engineering, procurement, and construction projects across rural electrification and substation work. The Rs. 742 crore issue splits into a Rs. 542 crore fresh issue and a Rs. 200 crore offer for sale.
Revenue declined roughly 9% to Rs. 2,326 crore in FY26, while net profit rose 42% to Rs. 151 crore. Of the fresh issue proceeds, Rs. 490 crore will repay outstanding borrowings, easing the company's debt burden meaningfully. An order book of Rs. 3,243 crore as of March 2026 supports near-term revenue visibility.
SBI Funds Management enters the mainboard queue with its issue opening on July 14 and closing on July 16. Pricing and issue size details remain pending at the time of writing, though market interest around asset management listings stays elevated.
Devson Catalyst raises approximately Rs. 42.34 crore through the BSE SME platform, while Happy Steels seeks Rs. 25 crore via NSE SME. Both will close on July 13, alongside Laser Power & Infra's mainboard window, giving investors overlapping subscription choices this week.
Also Read: Parle G Maker Eyes a Rs. 9,530 Crore IPO Plan at Rs. 1 Lakh Crore Valuation
This week presents contrasting risk profiles across two mainboard names. Kusumgar offers a well-established niche business, though its pure offer-for-sale structure and rich valuation limit appeal for value-focused investors. Laser Power & Infra presents a clearer capital deployment story, combining growth in profitability with meaningful debt reduction plans.
Grey market premium trends have shown volatility for both mainboard names in early July trading sessions. Subscription data across institutional and retail categories on opening day will offer sharper signals than premium chatter alone.
The second week of July confirms that India's primary market continues attracting issuers across contrasting business models. Specialty manufacturing, power infrastructure, and asset management each bring distinct value propositions to the table this cycle. Investors benefit from this diversity only when they match their risk appetite to each issuer's actual fundamentals.
Subscription trends, debt reduction plans, and earnings trajectories deserve more attention than short-term listing gain expectations. Careful reading of financial disclosures alongside sector-specific risks remains the soundest approach for this week's diverse IPO lineup.
1. When does the Kusumgar IPO open and close?
Kusumgar will open on July 8 and close on July 10. Allotment is expected on July 13, with listing on BSE and NSE tentatively set for July 15. The issue size is Rs. 650 crore, entirely an offer for sale by promoters.
2. What is the price band and lot size for Laser Power & Infra?
Laser Power & Infra has set a price band of Rs. 203 to Rs. 214 per share. The minimum lot is 70 shares, requiring Rs. 14,980 at the upper price. The issue will open on July 9 and close on July 13.
3. What will Laser Power & Infra do with the IPO proceeds?
Of the Rs. 542 crore fresh issue, Rs. 490 crore will repay or prepay outstanding company borrowings. The remaining amount supports general corporate purposes. The Rs. 200 crore offer-for-sale portion goes to selling shareholders.
4. Why is the Kusumgar IPO structured entirely as an offer for sale
Promoters are selling existing shares to unlock value and meet public shareholding requirements. The company will not receive any fresh capital from this issue for expansion or debt repayment purposes.
5. What SME IPOs are opening this week?
Devson Catalyst and Happy Steels will both open on July 9 and close on July 13, listing on the BSE SME and NSE SME platforms, respectively. Investors should evaluate post-listing liquidity carefully before committing funds to SME names.
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