India’s primary market activity during the holiday-shortened week from May 25 to May 29 is expected to remain focused on the SME segment, with three companies preparing to launch their initial public offerings (IPOs).
While the mainboard segment is unlikely to witness any fresh public issues during the week, investors will have opportunities to participate in offerings from companies operating in jewellery and fashion-related businesses.
Several SME listings are also expected to take place during the period, keeping the broader primary market active.
Yaashvi Jewellers is set to open its SME IPO for public subscription on May 25, with the issue scheduled to close on May 27. The Jaipur-based jewellery company plans to raise close to ₹44 crore through a fresh issue of equity shares.
The company has fixed the issue price at ₹83 per share, while the minimum application lot size has been set at 1,600 shares. The shares are proposed to be listed on the BSE SME platform on June 2.
According to the company, the proceeds from the IPO are expected to be utilised towards working capital requirements, repayment or prepayment of borrowings and other general corporate purposes.
SMR Jewels will launch its SME public issue on May 26, and the subscription window will remain open until May 29. The Gujarat-based company intends to raise nearly ₹67 crore through a combination of a fresh issue and an offer for sale (OFS).
The fresh issue component is valued at approximately ₹54 crore, while the OFS portion is estimated at around ₹13.23 crore. The company has fixed the price band for the IPO between ₹128 and ₹135 per share.
Investors will be required to apply for a minimum lot size of 1,000 shares. The shares are expected to be listed on the BSE SME platform on June 3.
The company plans to deploy the fresh issue proceeds towards the construction of a jewellery studio, repayment of debt obligations, long-term working capital requirements and general corporate activities.
Rajnandini Fashion India is another SME company scheduled to open its IPO during the week. The public issue will remain available for subscription from May 26 to May 29.
The company aims to raise more than ₹18 crore through the IPO, which entirely consists of a fresh issue of shares. The issue price band has been fixed between ₹59 and ₹63 per share.
The IPO forms part of the ongoing activity within the SME primary market, where smaller businesses continue to seek capital through public offerings.
Although the mainboard IPO market is expected to remain inactive during the week, the SME segment continues to witness regular fundraising activity. Companies from sectors such as jewellery, retail and fashion have increasingly used SME platforms to raise capital for expansion, working capital and debt reduction purposes.
Investors participating in SME IPOs generally evaluate factors such as business operations, financial performance, sector outlook and liquidity considerations before making investment decisions.
Read More: Nifty Financial Services Index Rises 1.76% as Banking Stocks Extend Gains on May 25.
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The primary market this week is expected to remain centred around SME IPO activity, with Yaashvi Jewellers, SMR Jewels and Rajnandini Fashion India opening their public issues for subscription. While the mainboard segment may remain quiet during the holiday-shortened week, SME listings and fundraising activity continue to provide opportunities for market participants to track emerging businesses across sectors.
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 or 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 related documents carefully before investing.
Published on: May 25, 2026, 12:52 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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