IPO Calendar Jan 19–23: Shadowfax Technologies IPO Opens, 3 SME IPOs & 9 Listings Ahead

The primary market is gearing up for an action-packed week as several companies prepare to tap Dalal Street between January 19 and January 23. IPO investors will have a mix of mainboard and SME public issues, along with a long list of companies scheduled to make their stock market debut.

Those tracking the IPO market will witness one mainboard IPO, three SME IPOs, and nine listings spread across the BSE, NSE, and SME platforms.

IPOs Opening for Subscription Next Week

Mainboard IPO

Shadowfax Technologies IPO

The Shadowfax Technologies IPO will be the only mainboard offering opening during the week and is expected to be the highlight of the IPO calendar.

• Issue size: Rs 1,907.27 crore

• Structure: Combination of fresh equity issue and offer for sale (OFS)

• Price band: Rs 118–124 per share

• IPO opening date: January 20

• IPO closing date: January 22

• Allotment date: January 23 (expected)

• Listing date: January 28 (tentative)

• Exchanges: BSE and NSE

Shadowfax’s IPO is closely tracked due to its scale and mainboard positioning amid heightened retail and institutional interest.

SME IPOs Opening Between January 19–23

Alongside the mainboard issue, three SME IPOs are scheduled to open for subscription next week.

Digilogic Systems IPO

• IPO opening: January 20

• IPO closing: January 22

• Issue size: Rs 81.01 crore

• Price band: Rs 98–104 per share

• Listing platform: BSE SME

• Tentative listing date: January 28

KRM Ayurveda IPO

• IPO opening: January 21

• IPO closing: January 23

• Issue size: Rs 77.49 crore

• Price band: Rs 128–135 per share

• Allotment date: January 27 (expected)

• Listing platform: NSE SME

• Tentative listing date: January 29

Shayona Engineering IPO

• IPO opening: January 22

• IPO closing: January 27

• Issue type: Entirely fresh issue

• Allotment date: January 28 (expected)

• Listing platform: BSE SME

• Tentative listing date: January 30

IPO Listings to Watch Next Week

Apart from new IPO subscriptions, nine companies are scheduled to list on stock exchanges during the week.

Listings on January 19

• Bharat Coking Coal (listing rescheduled from January 16)

• Defrail Technologies – BSE SME

• Avana Electrosystems – NSE SME

Listings on January 21

• GRE Renew Enertech

• INDO SMC

• Narmadesh Brass Industries

• Amagi Media Labs

These listings will take place across SME platforms and the mainboard, making January 21 a key date for IPO watchers.

Listings on January 22

• Armour Security – NSE SME platform

Listings on January 23

• Aritas Vinyl – BSE SME platform

Why the January 19–23 IPO Week Matters

The upcoming week reflects strong primary market momentum, with participation across sectors and platforms. The mix of a large mainboard IPO, multiple SME issues, and a heavy listing calendar provides investors with diverse opportunities based on risk appetite and investment strategy.