Upcoming IPOs This Week (Dec 22-26)

The Indian primary market is set for heightened activity in the week of December 22–26, 2025, with a mix of mainboard and SME upcoming IPOs opening for subscription. 

A total of 12 public issues across healthcare, manufacturing, infrastructure, polymers, publishing, technology, and oil sectors are scheduled, giving investors a wide range of options to evaluate.

Upcoming IPOs This Week (Dec 22-26)

Mainboard IPO Highlight

Gujarat Kidney IPO is the only mainboard issue opening this week. It is a book-built issue worth ₹250.80 crore, entirely comprising a fresh issue of 2.20 crore shares. 

The IPO opens on December 22 and closes on December 24, with allotment expected on December 26 and listing tentatively set for December 30 on BSE and NSE. 

The price band is fixed at ₹108–₹114 per share, and the minimum retail investment stands at ₹14,592 based on the upper price band.

SME IPOs Opening on December 22

Several SME IPOs open on December 22, led by Sundrex Oil IPO, a ₹32.25 crore fresh issue with a price band of ₹81–₹86 per share. It will list on NSE SME. 

Shyam Dhani Industries IPO, worth ₹38.49 crore, and Dachepalli Publishers IPO, sized at ₹40.39 crore, also open the same day. EPW India IPO, a ₹31.81 crore issue, rounds off the December 22 lineup. Most of these SME issues close on December 24 and are expected to list on December 30.

IPOs Opening on December 23

December 23 will see another wave of SME offerings. Apollo Techno Industries IPO, a ₹47.96 crore issue, and Bai Kakaji Polymers IPO, a larger ₹105.17 crore issue, open for subscription and close on December 26. Both are expected to list on December 31 on BSE SME. 

Admach Systems IPO, Nanta Tech IPO, and Dhara Rail Projects IPO also open on December 23, offering exposure to engineering systems, technology services, and railway infrastructure segments, respectively.

Late-Week IPO Opening

E to E Transportation Infrastructure IPO opens on December 26 and remains open until December 30. The ₹84.22 crore fresh issue is expected to list on NSE SME on January 2, 2026. The IPO focuses on the transportation and infrastructure segment and comes with a price band of ₹164–₹174 per share.

Also Read: IPO Bound Flipkart Acquires Majority Stake in Minivet AI to Strengthen GenAI-Powered E-Commerce Innovation!

Conclusion

The week of December 22–26 promises robust primary market action with one mainboard and eleven SME IPOs opening across diverse sectors. While the breadth of offerings provides ample choice, investors should remain selective, conduct due diligence, and align IPO participation with their risk tolerance and investment horizon.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.