₹443 Crore on the Line: Three IPOs Open This Week as Vivid Electromech Prepares to List
- 6th April 2026
- 04:15 PM
- 3 min read
Summary
Three public issues will open for subscription on Dalal Street between 6 and 10 April 2026, targeting a combined ₹443 crore. Safety Controls & Devices, Om Power Transmission, and PropShare Celestia are the issuers. Vivid Electromech, which closed its ₹130.5 crore IPO at 1.05 times subscription, is set to debut on the NSE SME platform on 7 April 2026. Three public issues are set to open for subscription on Dalal Street this week, aiming to raise ₹443 crore combined, even as geopolitical tensions in West Asia continue to weigh on equity market sentiment.Mumbai | 6 April 2026
What IPOs Are Opening for Subscription This Week?
Safety Controls & Devices: Leads the week from the SME segment, opening on 6 April. The Lucknow-based EPC company, which operates across substations, solar plants, and firefighting equipment, is raising ₹48 crore through a fully fresh issue of 60 lakh shares, priced at ₹75 to ₹80 per share at the upper band. Proceeds are earmarked for machinery and equipment purchases, repayment of existing borrowings, and working capital requirements.
Om Power Transmission: Follows as the second issue, opening on 9 April. The Ahmedabad-based power transmission infrastructure EPC company is targeting ₹150 crore through an initial share sale of 85.75 lakh shares at a price band of ₹166 to ₹175 per share. The issue comprises a fresh issue of 75.75 lakh shares and an offer for sale of 10 lakh shares by promoters. Funds will go toward machinery and equipment purchases, repayment of borrowings, and working capital.
PropShare Celestia: Opens on 10 April as the week’s largest offering and the only mainboard REIT issue. Property Share Investment Trust is targeting ₹244.6 crore, with a price band of ₹10 lakh to ₹10.5 lakh per unit. Of the proceeds, ₹237.9 crore will go toward acquiring Project Celestia, covering payment of a sinking fund to society by Celestia SPVs and reimbursement or direct payment to the Investment Manager via lending to the Celestia SPVs and subscribing to their equity and debt instruments.
Which Company Debuts on the Exchanges This Week?
Vivid Electromech lists on the NSE SME on 7 April 2026, becoming the only company to make its market debut this week. The electrical and automation solutions provider raised ₹130.5 crore through its IPO, priced at ₹528 to ₹555 per share, which ran from 25 to 30 March 2026.
The issue closed at 1.05 times overall subscription. Qualified Institutional Buyers (QIBs) subscribed 1.95 times their allotted portion, while the NII category recorded 1.50 times subscription. Incorporated in 1990, the company manufactures low-voltage and medium-voltage electrical panels and automation systems from facilities in Navi Mumbai and Pune, serving data centres, infrastructure, metro projects, solar and renewable energy, and industrial manufacturing clients.
Emiac Technologies, a digital marketing solutions provider, is expected to close its ₹31.75 crore maiden issue on 8 April, having recorded 40 percent subscription across its first four days.
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