After nearly four months of back-to-back public offerings that helped Indian companies raise record primary-market capital, the coming week will be noticeably quieter. There are no new mainboard IPOs scheduled, marking a brief pause in what has been one of the busiest listing cycles in recent years. Instead, three SME issues will open for subscription, keeping the broader pipeline active even as large issuances take a breather.The slowdown follows a period when several high-profile companies, including Lenskart, Groww, Pine Labs and PhysicsWallah, tapped investors. Strong institutional flows and elevated retail participation had pushed subscription numbers sharply higher across many mainboard offers. But with the year coming to a close and markets turning selective, the near-term schedule is thinning out at the top end of the market.SME IPOs to look forward toSSMD Agrotech India will be the first to open its books on November 25. The company, which operates under brands such as Manohar Agro, Super SS, Delhi Special and Shri Dhanlaxmi, has roots going back several decades to the merger of legacy flour-milling businesses.It is involved in manufacturing, trading and repacking agro-food products and is looking to raise Rs 34.09 crore through a price band of Rs 114–121 per share. The issue will close on November 27.Two more offerings will hit the market from November 26. Mother Nutri Foods, a young company incorporated in 2022, plans to raise Rs 39.59 crore. It manufactures peanut butter for B2B clients and sells flavoured variants under the Spread and Eat brand in markets such as Libya, Dubai and, more recently, Japan. The offer will close on November 28.The third SME issue opening next week is KK Silk Mills, incorporated in 1991 and engaged in manufacturing fabrics and garments. Its product range spans men’s and women’s wear, children’s clothing and specialty fabrics such as sherwani and burkha material.The company will raise Rs 28.5 crore through a price band of Rs 36–38 per share, with subscriptions also ending on November 28.While mainboard activity is muted for now, market participants expect a busy December and an even heavier 2026 pipeline. Several large issuers, including consumer-internet, manufacturing and financial-sector names, are preparing or have already filed documents in the coming weeks.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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