IPO Action: Five IPOs set to launch next week with one company listing lined up

IPO Action Next Week

• Five IPOs to launch in first week of 2026, only one mainboard listing scheduled
• Bharat Coking Coal IPO: Jan 9-13, offer-for-sale by Coal India
• Modern Diagnostic to debut on BSE SME Jan 7 after 350x oversubscription

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The first full week of new year 2026 starting from January 5 will see the launch of five new Initial Public offerings (IPO) with only one company scheduled for listing.

India's largest coking coal producer Bharat Coking Coal, the subsidiary of Coal India, is set to open its IPO for public subscription on January 9 and close on January 13. So far, this is the single company from the mainboard segment launching public issue next week.

The company has not announced price band for its offer yet. It is a pure offer-for-sale of 46.57 crore equity shares by promoter Coal India, with no fresh issue component.

Other four public issues will be from the SME segment with Gabion Technologies India being the first. The New Delhi-based company that makes gabions, rockfall protection nettings, and geosynthetic materials used in civil engineering, infrastructure development, and environmental protection projects is raising Rs 29.16 crore via IPO of 36 lakh shares at the upper end of price band of Rs 76-81 per share. The offer will open for subscription on January 6 and close on January 8.

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This follows Victory Electric Vehicles International, and Yajur Fibres IPOs which both will open on January 7 and close on January 9.

Electric vehicle maker Victory Electric Vehicles International aims to mobilise Rs 34.56 crore via maiden public issue of 84.3 lakh shares at a price of Rs 41 per share, while Kolkata-based cottonised bast fibres producer Yajur Fibres targets to raise Rs 120.4 crore via IPO of 69.2 lakh shares, with price band of R 168-174 per share.

Defrail Technologies that manufactures rubber parts & components used in automotive, railways and defence sectors will be the last maiden public issue from the SME segment next week, opening on January 9. The offer comprises of solely fresh issue of 18.6 lakh shares will close on January 13.

Meanwhile, Haryana-based Modern Diagnostic & Research Centre, the pathology and radiology testing services provider, will make its debut on the BSE SME effective January 7 after closing its Rs 37-crore public issue with more than 350 times subscription on January 2.

According to the market observers, Modern Diagnostic IPO shares traded at more than 17 percent premium, and Gabion Technologies shares attracted more than 30 percent premium in the grey market while others have not seen any trading premium.