IPO Update: Upcoming IPOs This Week: Euro Pratik Sales, VMS TMT, TechDefence Labs, Sampat Aluminium, JD Cables to Open; 12 Listings on NSE, BSE
- 15th September 2025
- 11:00:00 AM
- 3 min read
Summary
The primary market is set for a busy week with five IPOs opening for subscription between September 15–22, 2025. Mainboard issues include Euro Pratik Sales and VMS TMT, while TechDefence Labs, Sampat Aluminium, and JD Cables will launch SME IPOs. Investors will also track 12 IPO listings, including Urban Company and Shringar House of Mangalsutra, making this one of the busiest weeks in the IPO calendar.
Mumbai | September 15, 2025
Euro Pratik Sales IPO: Key Details and Financials
The Euro Pratik Sales IPO opens on September 16 and closes on September 18. The company has set a price band of ₹235–₹247 per share, with a lot size of 60 shares. The IPO is entirely an Offer for Sale (OFS) worth ₹451.31 crore, with no fresh issue component.
IPO Type: 100% OFS by promoters
Managers: DAM Capital Advisors, Axis Capital
Registrar: MUFG Intime India
Financial performance:
– Revenue: ₹284.22 crore in FY25 vs ₹221.69 crore in FY24 (+28.22%)
– Net profit: ₹76.44 crore in FY25 vs ₹62.9 crore in FY24 (+21.51%)
Euro Pratik operates under the ‘Euro Pratik’ and ‘Gloirio’ brands, serving residential and commercial interior markets.
Apply to the Euro Pratik Sales IPO via PL Capital’s e-IPO platform here
VMS TMT IPO: Key Details and Financials
The VMS TMT IPO opens on September 17 and closes on September 19. The Gujarat-based company manufactures thermo-mechanical treatment (TMT) bars.
Price band: ₹94–₹99 per share
Lot size: 150 shares
Issue size: ₹148.50 crore (Fresh issue only)
Use of proceeds: Debt repayment and corporate purposes
Financial performance (₹ crore):
– Revenue: FY25 ₹770.19 | FY24 ₹872.95 | FY23 ₹882.01
– Net profit: FY25 ₹14.73 | FY24 ₹13.46 | FY23 ₹4.19
– Total assets: FY25 ₹412.06 | FY24 ₹284.23 | FY23 ₹227.28
Apply to the VMS TMT IPO via PL Capital’s e-IPO platform here
SME IPOs Opening This Week
Alongside the two mainboard IPOs, three SME IPOs are opening for subscription:
1. TechDefence Labs IPO: Opens Sept 15, closes Sept 17. Issue size: ₹38.99 crore. Price band: ₹183–₹193.
2. Sampat Aluminium IPO: Opens Sept 17, closes Sept 19. Issue size: ₹30.53 crore. Price band: ₹114–₹120.
3. JD Cables IPO: Opens Sept 18, closes Sept 22. Issue size: ₹95.99 crore. Price band: ₹144–₹152.
IPO Listings This Week
Alongside fresh issues, 12 IPOs are scheduled to list this week:
– Sept 15: Vashishtha Luxury Fashion
– Sept 16: Nilachal Carbo Metalicks, Krupalu Metals, Taurian MPS, Karbonsteel Engineering
– Sept 17: Shringar House of Mangalsutra, Urban Company, Dev Accelerator, Jay Ambe Supermarkets, Galaxy Medicare
– Sept 18: Airfloa Rail Technology
– Sept 19: L.T. Elevator
Also read more about IPOs, their schedules, and upcoming listings, visit our page.
Outlook
The week of September 15–22, 2025, is one of the busiest stretches in the IPO calendar this year. Euro Pratik Sales and VMS TMT headline the mainboard segment, while three SME IPOs add further diversity. In addition, 12 IPO listings will test market appetite. Analysts advise investors to track fundamentals, valuations, and subscription levels before investing. Strong listing gains could reinforce sentiment, while weak debuts may lead to caution.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
