India’s primary market is entering a relatively quiet phase in the first week of February, with no mainboard IPOs scheduled to open for subscription. However, activity continues in the SME segment, where three small and medium enterprise IPOs are set to open for bidding between February 2 and February 6, alongside six SME listings expected on the stock exchanges.
While large-cap issuances remain absent, SME investors will have several opportunities to track both fresh offerings and new listings during the week.
NFP Sampoorna Foods will be among the first SME issues to open in the coming week. The company’s IPO will open for subscription on February 4 and close on February 6.
Issue size: Rs 24.53 crore
Type: Entirely fresh issue
Offer for sale: None
The company plans to utilise the funds raised for:
Meeting working capital requirements
Repayment of existing borrowings
General corporate purposes
NFP Sampoorna Foods operates in the food processing and trading segment, with a focus on dry fruits such as cashew nuts, almonds, makhana, and walnuts. Its operations cover the full value chain, including procurement, processing, packaging, and distribution, catering primarily to domestic and regional markets.
Grover Jewells will also enter the primary market during the same window, with its SME IPO opening on February 4 and closing on February 6.
Issue size: Rs 33.83 crore
Type: Fresh issue of shares
The funds raised through the issue will be directed towards:
Working capital requirements
General business and operational needs
The company aims to strengthen its financial position and expand its operational scale through the IPO.
The third SME IPO scheduled for the week is Biopol Chemicals. Its public issue will open on February 6 and remain available for subscription until February 10.
Issue size: Rs 31.26 crore
Type: Fresh issue
This offering will extend beyond the trading week, giving investors additional time to evaluate the company.
Along with new IPO subscriptions, the market will also witness several SME listings, making the week moderately active for investors tracking debut performances.
Hannah Joseph Hospital
Shares are scheduled to list on the BSE SME platform on February 1.
Kasturi Metal Composite
The company is expected to debut on the BSE SME platform on February 3.
Midweek activity will pick up significantly with three companies listing on the same day:
Msafe Equipments
Accretion Nutraveda
Kanishk Aluminium India
All three are scheduled to list on the BSE SME platform on February 4.
CKK Retail Mart
The week will conclude with CKK Retail Mart making its market debut on the NSE SME platform on February 6.
The absence of mainboard IPOs highlights a temporary slowdown in large issuances, likely reflecting market volatility, valuation considerations, and issuer timing strategies. However, the steady flow of SME IPOs and listings indicates continued appetite among smaller companies to tap public markets and among investors seeking early-stage growth opportunities.
While the primary market remains quiet on the mainboard front during the week of February 2–6, the SME segment continues to offer meaningful action. With three SME IPOs opening for subscription and six companies preparing to list, investors focused on the SME space will have several developments to monitor. As always, market participants are advised to closely evaluate company fundamentals, financials, and risk factors before making investment decisions.