The Indian primary market is seeing a flurry of activity with multiple IPOs lined up this week across both mainboard and SME platforms. From travel F&B chains and flexible workspaces to eco-friendly packaging and pharmaceuticals, investors have a wide array of companies to evaluate. Here's a deep dive into upcoming IPOs this week.
Lead Manager: Kotak Mahindra Capital
Registrar: Link Intime
Use of Funds: Entirely OFS; proceeds to promoter shareholder.
Travel Food Services Limited (TFS) is a leading player in India's airport quick service restaurant (QSR) and lounge segments, operating 397 outlets under 117 brands across India and Malaysia. The company focuses on delivering speed, convenience, and premium lounge experiences for domestic and international travellers.
Lead Manager: JM Financial
Registrar: Link Intime
Objects of the Issue:
Smartworks Coworking, incorporated in 2015, offers tech-enabled, customized managed workspaces for Indian corporates, MNCs, and startups. With over 169,000 seats across India, it provides modern campuses equipped with cafeterias, gyms, crèches, and medical facilities. The company serves 728 clients and is one of the leading players in the flexible workspace segment.
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| Company Name | Issue Size | Price Band (₹) | Lot Size (Shares) | Bidding Dates | Use of Proceeds Highlights |
| GLEN Industries | ₹63.02 Cr | ₹92 – ₹97 | 1,200 | July 8 – July 10 | New facility setup in West Bengal |
| CFF Fluid Control | ₹87.75 Cr | ₹585 (Fixed) | 200 | July 9 – July 11 | Working capital, general corporate needs |
| Asston Pharmaceuticals | ₹27.56 Cr | ₹115 – ₹123 | 1,000 | July 9 – July 11 | Capex, working capital, and loan repayment |
This week’s IPO lineup reflects the diverse nature of India’s evolving economy—from travel and coworking to sustainable packaging and pharmaceuticals. Investors should carefully evaluate each offering based on business fundamentals, growth potential, and sectoral outlook. With both mainboard and SME segments offering fresh opportunities, this week presents a dynamic mix for retail and institutional participants looking to tap into India's capital markets.
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.
Published on: Jul 7, 2025, 8:17 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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