Ipo•10 APR 2026

This Week’s IPO Rush: Clean Max, Omnitech and More Hit the Market

The Indian primary market is gearing up for a busy week as a slew of companies roll out their fresh IPOs. Heavyweights such as Clean Max Enviro Energy Solutions Ltd., Omnitech Engineering Ltd., and PNGS Reva Diamond Jewellery Ltd. are set to list on the mainboard, while several small‑ and mid‑cap firms will debut on the BSE SME and NSE SME platforms. The offerings collectively aim to raise more than Rs 4,500 crore, with price bands ranging from Rs 71 per share for Striders Impex Ltd. up to Rs 1,053 per share for Clean Max Enviro Energy Solutions Ltd. Investors will see a mix of sectors – from renewable energy and engineering to jewellery and digital services – and a variety of lead managers guiding the processes. This article walks through each IPO, outlines the subscription windows, pricing, issue sizes, listing venues and the managers involved, and adds a personal take on what this wave of listings could mean for retail and institutional investors in India.

Various company logos representing upcoming IPOs

Clean Max Enviro Energy, PNGS Reva Diamond Jewellery, Omnitech Engineering and others are set to launch IPOs this week across BSE, NSE and SME platforms.

Upcoming IPO Calendar: The final week of the month is jam‑packed with a slew of new IPOs (Initial Public Offering) and listings. As a retail investor who has been poking around the primary market for a while, I can tell you that you really need to keep a close eye on the subscription windows. Some of the bigger launches this week include Clean Max Enviro Energy Solutions Ltd. and PNGS Reva Diamond Jewellery Ltd.

IPOs To Launch This Week

The biggest issue to launch this week is Clean Max Enviro Energy Solutions Ltd. The IPO opens for subscription early in the week and will close after a few days. It is priced between Rs 1000 and Rs 1053 per share and the company is looking to raise a massive Rs 3,100 crore. The shares will be listed on both BSE and NSE, which means a lot of visibility for the stock once it hits the market.

Striders Impex Ltd. will start its subscription window later this week and finish by the end of the week. The price band is set at Rs 71‑72 per share and the issue aims to raise Rs 36.29 crore. This one will list on the NSE SME platform, and Capital Square is acting as the lead manager. I remember when SME listings were still a novelty, and now they’ve become a regular route for mid‑size firms to go public.

Yaap Digital Ltd. is also on the schedule, opening its subscription window mid‑week and closing a couple of days later. The pricing is between Rs 138 and Rs 145 per share, with a total issue size of Rs 80.11 crore. Shares will be listed on the NSE SME, and Socradamus Capital is the lead manager. For anyone interested in digital services, this could be a neat addition to the portfolio.

Omnitech Engineering Ltd. is a mainboard offering that starts its subscription later in the week and wraps up before the weekend. The price band sits at Rs 216‑227 per share, and the company hopes to raise Rs 583 crore. Both BSE and NSE will host the listing, with Equirus Capital as the lead manager. Engineering firms have been gaining traction lately, especially with the push for infrastructure development, so I’m keeping an eye on this one.

The jewellery house PNGS Reva Diamond Jewellery Ltd. will launch its IPO in the middle of the week. The price band has been fixed at Rs 367‑386 per share, amounting to an issue size of Rs 380 crore. The shares will be listed on BSE and NSE, and Smart Horizon Capital is managing the issue. As someone who loves wearing traditional jewellery, it’s interesting to see a domestic player taking the public route.

Accord Transformer & Switchgear Ltd. will close its subscription by the middle of the week. The issue is priced at Rs 43‑46 per share and is looking to raise Rs 25.59 crore. It will list on BSE SME, with GYR Capital as the lead manager.

Other names that are opening their subscription windows this week include Mobilise App Lab Ltd., Shree Ram Twistex Ltd. and Kiaasa Retail Ltd.. Mobilise App Lab Ltd. has a price band of Rs 75‑80 per share and an issue size of Rs 20.10 crore, listing on NSE SME under the guidance of Corporate Capitalventures. Shree Ram Twistex Ltd. is priced between Rs 95‑104 per share, aiming for Rs 110.24 crore, and will list on both BSE and NSE with Interactive Financial as the manager. Kiaasa Retail Ltd. is set at Rs 121‑127 per share, targeting Rs 69.72 crore, and will list on BSE SME with Expert Global as the lead manager.

Issues Currently Available For Subscription

Manilam Industries India Ltd. is still open for subscription and will close by the middle of the week. The price band is Rs 65‑69 per share and the company plans to raise Rs 39.95 crore. The shares are slated for listing on NSE SME, and NEXGEN Financial Solutions is the lead manager.

Gaudium IVF & Women Health Ltd. is also closing its subscription window soon. The IPO is priced at Rs 75‑79 per share and aims to raise Rs 165 crore. It will be listed on both BSE and NSE, with Sarthi Capital acting as the lead manager.

IPO Listings This Week

On the listing front, Yashhtej Industries (India) Ltd. is scheduled to debut on BSE SME. The issue price was fixed at Rs 110 per share, with a total issue size of Rs 88.88 crore. ERUDORE CAPITAL managed the offering. Seeing a new name on the SME board always adds a bit of excitement for retail traders like me.

Fractal Industries Ltd. will also list on BSE SME. The IPO was priced at Rs 216 per share and had an issue size of Rs 49 crore. Finaax Advisors acted as the lead manager. Fractal is a name that I’ve heard about in the context of specialty chemicals, and now its public debut could open up new investment avenues.

All these listings together paint a picture of a vibrant market. From renewable energy and engineering to jewellery and digital services, the sectoral spread is pretty wide. As an everyday investor who tracks the market on the phone while commuting on the local train, I find the variety both exciting and a little overwhelming.

One thing that stands out this week is the sheer amount of capital that these companies aim to raise – easily crossing the Rs 4,000 crore mark. That suggests strong investor appetite, especially after the recent volatility in global markets. It also reflects confidence among the companies that they can achieve good valuations on the primary market.

From a practical standpoint, the subscription process on the Indian exchanges has become fairly straightforward. You can log into your demat account, select the IPO, and allocate the desired amount. However, it’s still crucial to check the lottery results, especially for mainboard issues where the demand often exceeds the supply. I’ve seen friends end up with just a fraction of what they applied for for big names like Clean Max.

For those who are new to IPO investing, a quick tip: look at the price band and compare it with the company’s fundamentals. While a high price band – say Rs 1,053 per share for Clean Max – might seem daunting, the company’s revenue from renewable projects and its growth trajectory could justify it. On the other hand, smaller caps like Striders Impex with a Rs 71‑72 band often present greater upside but also higher risk.

Another observation is the role of lead managers. Names like Capital Square, Socradamus Capital, and Equirus Capital keep popping up. These firms help price the shares, market the IPO to investors and handle the legal paperwork. Their reputation often adds a layer of confidence for applicants.

We also cannot ignore the SME platform’s growing popularity. With listings such as Mobilise App Lab Ltd., Shree Ram Twistex Ltd., and Kiaasa Retail Ltd. on NSE SME or BSE SME, the platform is becoming a go‑to for mid‑size enterprises that want to tap public capital without the hefty compliance costs of the mainboard. For retail investors, SME listings can be a chance to get in early on companies that might grow into larger players.

All in all, this week’s IPO calendar feels like a mini‑festival for market participants. Whether you are a seasoned institutional investor or a retail trader who just opened a demat account last year, there’s something for everyone. My advice? Do a bit of homework, understand the sector you’re interested in, and don’t chase the hype alone.

As the subscriptions close and the listings go live, the market will reveal how the pricing turned out. It will be interesting to see which of these shares see a decent listing day gain and which ones trade flat. I’ll be watching the BSE and NSE screens closely, and will probably share my thoughts on a few of these stocks in the coming weeks.

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