Upcoming IPOs This Week (Jan 19–Jan 23): Shadowfax Technologies Mainboard Issue and 4 SME IPOs to Open

India’sinitial public offerings market is set for another active week as new public issues open across the mainboard and SME segments. The period from January 19 to January 23 will feature one mainboard offering, alongside multiple SME issues entering the subscription window.

Investors are expected to track these new offerings across diverse industries, reflecting continued momentum in the primary market.

During the week, Shadowfax Technologies will launch its mainboard IPO, while 4 SME companies will open their issues for bidding in the healthcare, engineering, ayurveda, and electronic equipment sectors.

Upcoming IPOs: Key Details (Jan 19–Jan 27, 2026)

Mainboard IPO

1. Shadowfax Technologies Ltd

Shadowfax Technologies Ltd, a logistics solutions provider specialising in e-commerce express parcel delivery and value-added supply chain services, will open its IPO for subscription from January 20 to January 22, 2026. 

Shadowfax Technologies IPO has fixed a price band of ₹118 to ₹124 per share, with a face value of ₹10 per share. 

SME IPOs

1. Digilogic Systems Ltd

Digilogic Systems, engaged in the design and manufacturing of automated test equipment, radar, and electronic warfare simulators, will open its IPO from January 20 to January 22, 2026. 

2. KRM Ayurveda Ltd

KRM Ayurveda, which operates hospitals and clinics across multiple cities and offers telemedicine services domestically and overseas, will open its IPO between January 21 and January 23, 2026. 

3. Hannah Joseph Hospital Ltd

Hannah Joseph Hospital, a healthcare services provider offering multi-specialty medical treatment, will open its IPO from January 22 to January 27, 2026.

4. Shayona Engineering Ltd

Shayona Engineering, engaged in precision castings, machining, industrial automation, heavy fabrication, and turnkey machinery solutions, will also open its IPO from January 22 to January 27, 2026.

Read More: Rodec Pharma IPO Gets SEBI Approval.

Conclusion

With fresh IPOs opening across logistics, healthcare, engineering, traditional medicine, and high-end electronics manufacturing, investor attention is expected to remain on subscription trends and sectoral interest. Continued participation in the SME segment further underlines sustained appetite in India’s primary market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal 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.