4 IPOs to hit primary market next week
18 Jan 2026

The primary market is gearing up for another active week, with four new initial public offerings (IPOs) set to open for subscription.

Shadowfax Technologies will debut in the mainboard segment on January 20.

Meanwhile, three companies: Digilogic Systems, KRM Ayurveda, and Shayona Engineering, will launch their IPOs in the SME segment, with opening dates spread over the following days.

Shadowfax Technologies IPO: Key details
IPO specifics

The Shadowfax Technologies IPO will open on January 20 and close on January 22.

The ₹1,907.27 crore offering includes a fresh issue of 8.06 crore shares worth ₹1,000 crore and an offer for sale of 7.32 crore shares worth ₹907.27 crore.

The price band has been set at ₹118-124 per share with ICICI Securities as the book-running lead manager and Kfin Technologies as the registrar to the issue.

Digilogic Systems IPO: Subscription info
Offering breakdown

Like Shadowfax Technologies, Digilogic Systems will also open its IPO for subscription on January 20.

The ₹81.01 crore offering consists of a fresh issue of 0.67 crore shares worth ₹69.68 crore and an offer for sale of 0.11 crore shares worth ₹11.33 crore at a price band of ₹98-104 per share.

Indorient Financial Services is the book-running lead manager while Kfin Technologies serves as the registrar to this issue too.

KRM Ayurveda and Shayona Engineering IPOs
Upcoming launches

The KRM Ayurveda IPO will open for subscription between January 21 and January 23.

This ₹77.49 crore offering consists entirely of a fresh issue of 0.57 crore equity shares at price band of ₹128-135 per share.

NEXGEN Financial Solutions is the book-running lead manager while Skyline Financial Services serves as the registrar for this issue too.

Shayona Engineering's IPO will open for subscription on January 22 and close on January 27 with a price band set at ₹140-144 per share.