IPO

IPO Note

Omnitech Engineering Ltd. (OEL) is a manufacturer of high precision engineered components and assemblies, supplying global customers across industries such as energy (oil & gas, wind energy and power sector), motion control & automation, industrial equipment systems, metal forming, and other diversified industrial applications. Its product offerings comprise of components ranging from weight of 0.003 kg to 503.33 kg, diameter of 1.27 cm to 1 m and length of 0.2 cm to 10 m which helps the company cater to the diverse requirements of its marquee customer base. The company has a global...

Primary market activity remains strong this week, with nine new issues opening for subscription. Four companies are scheduled to list on the exchanges, after one debuted last week.

Company is India's largest commercial and industrial (C&I ) renewable energy provider with 2.80 GW of operational, owned and managed capacity, and 3.17 GW of contracted, yet to be executed capacity, as of October 31, 2025. With 15 years of experience since company's inception in 2010, company specialize in delivering Net Zero10 and decarbonization solutions, including supplying renewable power and offering energy services and carbon credit solutions to customers across...

IPO NOTE

Company is engaged in the manufacturing of Cotton Yarns, including Compact Ring Spun and Carded Yarns, both Combed and Carded. Company's product range also includes value-added yarns such as Eli Twist (Combed and Carded), Compact Slub Yarns, and Lycra-Blended Yarns. Company's Yarns are used in both knitting and weaving, serving a broad range of end-use segments such as denim, terry towels, shirting, sheeting,...

Incorporated in the year 2015, company is engaged in IVF (In vitro fertilization) treatment in India and has grown into several states with Hub and spoke model over the years. Gaudium IVF is founded by company's Promoter Dr. Manika Khanna, a specialist with advanced training in gynecological endoscopic surgery from Kiel, Germany, and in Gynaec Endoscopy from Melbourne IVF Gujarat Private Limited. Having a PAN-India presence, the company operates 30+ locations, which comprises...

IPO NOTE

Long-term revenue visibility with strong customer profile: The business operates under long-duration bilateral PPAs with a weighted average tenure of 22.85 years. The company services 555 customers with ~72% repeat client rate and ~95% customers rated A- or above, providing...

The Indian fertility landscape is undergoing a structural transformation, shifting from a fragmented collection of boutique clinics to an institutionalized, technology-driven healthcare segment.

IPO NOTE

PNGS Reva Diamond Jewellery Ltd. (PNGSREVA) is a Pune-based retailfocused diamond jewellery brand operating under its flagship label 'Reva'. The company specializes in selling natural diamond jewellery crafted with precious and semi-precious stones set in gold and platinum, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nose rings, and chains. The company neither currently or in the near future has plans to deal in Lab-grown diamonds, as these are products with no value growth. As of Dec'25, the company operates 34 stores across 25 cities in Maharashtra, Gujarat and Karnataka under FOCO, FOFO and COCO retail models, offering 13...

IPO NOTE

Clean Max Enviro Energy Solutions Ltd (Clean Max) is India's largest commercial & industrial (C&I) renewable energy service provider with owned operational capacity of 2.8 GW and contracted (yet to be executed) capacity of 3.2 GW as of Oct'25. The company specializes in delivering Net Zero' and decarbonization solutions which include EPC and O&M solutions for solar, wind and hybrid energy plants along with offering carbon credit solutions. It primarily operates through two business verticals: a) Renewable Energy Power Sales, wherein Clean Max sells energy generated at its renewable energy plants...

IPO momentum carries on this week: six new issues to open and one company to debut, following six listings last week.

Based in Mumbai, Fractal Analytics is a leading company that helps huge global corporations use Artificial Intelligence (AI) and data to make better business decisions. They have been around since 2000, giving them over 25 years of experience in the industry.

Founded in 2000, company is a globally recognized enterprise artificial intelligence (AI) company, with a vision to power human decisions in company's clients' enterprises by leveraging AI. Company support largeglobal enterprises with data-driven insights and assist them in their decision making through its end-to-end AI solutions. Company build its AI solutions by leveraging its technical, domain and functional capabilities built over Company's operating history of over 25...

Company is a non-banking financial company middle layer ( NBFC-ML) focused on providing loans to micro scale micro, small and medium enterprises (MSMEs) across India. Company offer a range of business loans for working capital and business expansion needs, against hypothecation of working assets or against security of property to customers across manufacturing, trading, service and allied agriculture sectors. Company is among the leading nonbanking financial companies...

As of September 30, 2025, ~90.9% of customers owned their residence or place of business, ~37.2% of newly sourced customers were new-to-credit, highlighting deep penetration into underbanked yet established MSMEs. Aye Finance follows a cluster-based underwriting framework built on deep understanding of 70+ micro-enterprise business clusters, combining fieldled cash-flow assessment, proprietary data science models to reduce...

IPO activity continues steadily this week. Three new issues will open, and four companies are scheduled to debut, after five listings last week.