IPO Calendar next week: SBI MF among 3 new issues to raise Rs 11,980 cr; GMPs soar up to 111%

India's primary market will see a nearly Rs 11,980 crore IPO rush next week, led by two mainboard issues, SBI Funds Management and Alpine Texworld, opening for subscription on July 14.

The mainboard segment will account for most of the fundraising, with SBI Funds Management alone looking to raise Rs 11,693 crore through an offer for sale.Alpine Texworld will raise Rs 126.25 crore through a fresh issue.

In the SME segment, Millworks Technologies is also set to open its Rs 160.34 crore issue, while details of Shree Balaji Mala Textiles are yet to be fully available.SBI Funds Management IPO detailsSBI Funds Management will be the biggest issue of the week.

The IPO will open on July 14 and close on July 16.

The company has fixed a price band of Rs 545-574 per share, with a lot size of 26 shares.

At the upper end, retail investors will need Rs 14,924 for one lot.

The company is commanding a GMP of 20% over the issue price.The issue is entirely an offer for sale of 20.37 crore shares.

Since there is no fresh issue, SBI Funds Management will not receive any proceeds from the IPO.

The shares are expected to be listed on BSE and NSE on July 21.

Kotak Mahindra Capital is the book-running lead manager and Kfin Technologies is the registrar.SBI Funds Management, established in 1992, is India’s largest asset management company by mutual fund assets.

It manages SBI Mutual Fund and is a joint venture between State Bank of India and Amundi.

The company offers equity, debt, hybrid funds, ETFs and portfolio management services.Also Read | SBI MF IPO: Can Zerodha, Groww and other digital-first funds threaten India’s largest AMC in $1 trillion race?As of 2025, the company managed around Rs 16.32 lakh crore in assets, representing about 15.5% of India’s total mutual fund AUM.

It served more than 16.05 million investors as of December 31, 2025, across individual and institutional categories.The company's financials show steady growth.

Revenue rose 17% to Rs 4,976.11 crore in FY26 from Rs 4,236.15 crore in FY25.

Profit after tax increased 21% to Rs 3,067.38 crore from Rs 2,540.15 crore.

Its EBITDA stood at Rs 4,058.44 crore in FY26.The second mainboard issue is Alpine Texworld, a textile processing company.

The IPO will also open on July 14 and close on July 16.

The company has fixed a price band of Rs 100-105 per share, with a lot size of 142 shares.

Retail investors will need Rs 14,910 for one lot at the upper price.Alpine Texworld IPO detailsAlpine Texworld's Rs 126.25 crore IPO is entirely a fresh issue of 1.20 crore shares.

The shares are expected to list on BSE and NSE on July 21.

D&A Financial Services is the book-running lead manager and Kfin Technologies is the registrar.The company is engaged in dyeing and processing fabrics.

It has two manufacturing units and an annual installed capacity of 6,000 MT of cotton and blended yarn.

It also operates 112 high-speed looms that can produce denim, suiting, shirting and ready-for-dyeing fabrics.Alpine Texworld plans to use Rs 32.08 crore from the IPO proceeds to set up a new weaving unit at its proposed third manufacturing unit in Ahmedabad.

Another Rs 52.20 crore will be used to repay or prepay borrowings, while the rest will go towards general corporate purposes.The company's revenue rose 47% to Rs 350.18 crore in FY26 from Rs 237.66 crore in FY25.

Profit after tax jumped 152% to Rs 21.72 crore from Rs 8.63 crore.

EBITDA rose to Rs 47.45 crore from Rs 27 crore.SME segmentIn the SME segment, Millworks Technologies will open its IPO on July 14 and close on July 16.

The company has fixed a price band of Rs 315-331 per share and plans to raise Rs 160.34 crore.

The issue will list on BSE SME.Millworks shares are in high demand in the grey market, commanding over 100% GMP in the unlisted market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.

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