Primary market investors have plenty to celebrate as Monday, August 31, 2026, marks the simultaneous opening of four distinct initial public offerings (IPOs). Ranging from a major mainboard issue to high-growth SME offerings, this multi-IPO lineup provides diverse avenues for capital deployment amid robust gray market sentiment.
1. Purple Style Labs Mainboard IPO: Issue Size, Price Band, and GMP
Headline billing goes to Purple Style Labs, the sole mainboard IPO opening today. Designed as a pure fresh issue with no Offer for Sale (OFS) component, the company is aiming to raise ₹680 crore by offering a total of 1.18 crore new equity shares.
Price Band: Set between ₹546 and ₹575 per share.
Lot Size & Minimum Investment: Structured at 26 shares per lot, requiring retail investors to make a minimum commitment of ₹14,950.
Subscription Window: Open from August 31 to September 2, 2026.
Gray Market Outlook: The stock has generated early interest, commanding a grey market premium (GMP) of ₹28, hinting at potential listing gains of around 5 percent.
2. Phychem Technologies SME IPO
Joining the primary market action in the small and medium enterprises segment is Phychem Technologies. Valued at ₹14.58 crore, the offering is entirely a fresh issue designed to fuel the company’s operational expansion.
Price Band: Fixed at ₹51 to ₹54 per share.
Lot Size and Investment Threshold: The base lot is set at 2,000 shares; however, retail investors are required to bid for a minimum of 2 lots (4,000 shares), translating to an entry investment of ₹216,000.
3. Shanti Inorganics SME IPO
Shanti Inorganics has launched its public offering to tap into SME investor appetite, establishing a competitive pricing structure backed by strict lot-sizing rules.
Price Band: Priced at ₹79 to ₹83 per share.
Lot Size: Standardized at 1,600 shares per lot.
Investment Requirement: Retail investors must place a minimum bid of 2 lots, requiring a total capital outlay of at least ₹265,600 to participate in the issue.
4. Ashutosh Fibre SME IPO
Rounding out the day’s offerings is Ashutosh Fibre, which is looking to raise ₹56.35 crore through the issuance of 6.125 million fresh equity shares.
Price Band: Established between ₹87 and ₹92 per share.
Lot Size and Minimum Investment: Investors must bid for a minimum of 2,400 shares (packaged as a lot size of 1,200 shares with a 2-lot mandatory minimum), bringing the minimum required investment to ₹220,800.